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The FDA, which also regulates the cosmetics and beauty industry, says it is “concerned”
about the growing number of CBD products that make unproven health claims.
Not all cosmetic products need the FDA’s approval before they hit the market, but the FDA c
an take action against companies that claim unsubstantiated health benefits from their products.
It’s estimated that about 64 million US citizens have tried CBD in the past two years,
according to a January 2019 Consumer Reports survey of more than 4,000 people.
As for the size of the market, total sales of hemp-based CBD products are expected to
reach $22 billion by 2022, up from $619 million in 2017, according to Brightfield.
“There is high consumer interest in the demand of these products, and there’s a co
mplete lack of regulations in the available landscape,” Paul Armentano, deputy d