CBx Daily Digest

Charlotte’s Web Sponsoring New CBx Study

Charlotte’s Web is putting its money where its mouth is with cannabidiol (CBD). The company, which specializes in “wellness” products made from the substance, announced Tuesday it is sponsoring a research study on the effects of CBD.

Charlotte’s Web is putting its money where its mouth is with cannabidiol (CBD). The company, which specializes in “wellness” products made from the substance, announced Tuesday it is sponsoring a research study on the effects of CBD. It did not specify how much it is contributing with this sponsorship.

The study, being conducted by privately held clinical research company ValidCare, is aimed at determining whether and how daily CBD use affects the human body. Further details of the planned study, including its timing, were not provided.

Seven marijuana companies active in the CBD segment, including Charlotte’s Web, are involved in the study. Of the seven, Charlotte’s Web is the only one that is publicly traded.

Read: Full Story on The Motley Fool

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