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Oregon's Booming CBD Market Readies For A Crackdown

<p>The first rendering from hemp plants extracted from a super critical CO2 extraction device on its way to becoming fully refined CBD oil spurts into a large beaker at New Earth Biosciences in Salem, Oregon.</p>

Don Ryan

The first rendering from hemp plants extracted from a super critical CO2 extraction device on its way to becoming fully refined CBD oil spurts into a large beaker at New Earth Biosciences in Salem, Oregon.

The market for the non-psychoactive ingredient of cannabis — CBD — is growing rapidly.

But there’s concern its medical effects are being oversold.

CBD is marketed for everything from back pain to multiple sclerosis, and often appears in products like creams and chocolates.

Speaking on OPB’s "Think Out Loud," attorney Amy Margolis said the cannabis market is exploding.

“We’re seeing CBD oil that's being imported. We’re seeing CBD oil that’s being derived from hemp that’s cultivated here. And everywhere we turn, we’re seeing new CBD products; we see them on Amazon, we see them in grocery stores," Margolis said. "But because nobody’s tracking that information, it’s hard for us to grasp the enormity of the market.”

Still, Margolis is expecting a regulatory crackdown over all the medical claims being made for CBD.

“I think we’ll see this backlash happen in two places. From state departments of justice and I then think we’ll see that on a federal level, assuming we don’t see some other broad action to help regulate it,” she said.

Copyright 2018 Oregon Public Broadcasting

Kristian Foden-Vencil is a veteran journalist/producer working for Oregon Public Broadcasting. He started as a cub reporter for newspapers in London, England in 1988. Then in 1991 he moved to Oregon and started freelancing. His work has appeared in publications as varied as The Oregonian, the BBC, the Salem Statesman Journal, Willamette Week, the Canadian Broadcasting Corporation, NPR and the Voice of America. Kristian has won awards from the Associated Press, Society of Professional Journalists and the Association of Capitol Reporters and Editors. He was embedded with the Oregon National Guard in Iraq in 2004 and now specializes in business, law, health and politics.