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Thus, in recent months, a number of federal courts have stopped these class actions in their tracks pending further guidance from FDA as to how CBD-infused products should be regulated. This growing body of precedent should be welcome news for the CBD supply chain, as it may provide a disincentive to the plaintiffs’ bar to expend their resources on similar actions until the regulatory framework is clear. In 2019, the B2B distribution channel segment accounted for the highest revenue share in the market. This growth is attributed to the increase in demand for cannabidiol oil in various sectors such as pharmaceutical, food and additives, health and wellness, and cosmetics. The increase in the number of companies selling their products via retail pharmacies is fueling the growth of the segment.

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Top ChallengesEmployee Response Rate (%)Unable to unplug27%Loneliness16%Collaboration and communication16%Home distractions15%Motivation12%Different time zones7%Other7%Challenges and flaws to the remote model are inevitable. Employee Benefits From Remote WorkEmployee Response (%)Flexible schedule32%Flexible location25%No commute22%Family time11%Work from home8%Other2%In addition to happier workers, productivity has seen an untick as well. About 56% of workers report being slightly or considerably more productive during the pandemic. By contrast, only 28% report being either slightly less or considerably less productive.

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Numerous studies, including from federal regulators, have found a slew of products don’t contain the amount of CBD they say they do. Farmers won’t find out how much THC their plants produce until they’re harvested, dried and the CBD is extracted. During this process, the CBD becomes concentrated and the THC gets dragged along with it, Weiblen said, possibly to the point where the amount of THC exceeds the legal limit. Industrial hemp produces such small amounts of CBD that growing it and harvesting it to extract the molecule is incredibly expensive.

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North America dominated the market with a revenue share of 68.5% in 2019 owing to ease of accessibility, growing awareness regarding various medical benefits of cannabidiol among users, and the rise in the number of manufacturers. Based on the type of product, the full spectrum oil segment dominated the market in 2019. In addition, CBD consumers are more likely to be engaging in relaxing, healthy, and creative activities while consuming cannabis products. One-third report reading during cannabis use, while 32% meditate , and 13% practice yoga.

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