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Aug 8 2019

Trending Topic: CBD Oil

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In just a couple of years, products containing cannabidiol (CBD oil) have gone from virtually unknown to the hottest thing in non-prescription treatments for pain, anxiety and a host of other ailments. A recent survey conducted by BDS Analytics and Arcview Market Research projected that the market for CBD sales in the United States will exceed $20 billion (yes, billion) by 2024.

NCMB’s Policy Committee recommended at the May 2019 Board meeting that NCMB not develop a formal position statement on CBD at this time. The Policy Committee did direct staff to study and develop FAQs to address questions raised by licensees.

At its July 2019 meeting, the Board approved a single FAQ, which discusses the sale of CBD products by medical practices. The FAQ references the Board’s existing position statement on the sale of goods by medical practices while citing recent guidance from the NC Dept. of Agriculture and the U.S. Food and Drug Administration. Licensees are advised to carefully consider the statements of these agencies.

Find the FAQ online at www.ncmedboard.org/FAQs under the heading CBD Oil.

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