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Potential Risks and Liabilities for CBD Suppliers

Potential Risks and Liabilities for CBD Suppliers

Posted On: June 13, 2019 by VGM Insurance in: Business Operations, Employment Practices Liability, General Liability, Risk Mitigation

Due to new research and the rapidly growing number of personal testimonials surrounding the medical benefits of CBD use, the market for CBD oil has expanded significantly. According to The Hemp Business Journal, the CBD market is estimated to grow to $2.5 billion in consumer sales by 2022. And, while CBD products are becoming a natural addition to the product mix of many home medical equipment, homecare and health and wellness businesses, those supplying CBD should be aware of the potential risks and liabilities associated. We’ve outlined some important risk management considerations below to help providers that are currently selling CBD products (or are considering doing so in the future) to minimize their risk and protect their businesses from future claims. Legal Issues and Compliance With the passing of the 2018 Farm Bill, CBD oil derived from industrial hemp containing less than 0.3% THC is federally legal to sell in the United States. However, it’s important

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