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How CBD Oil Is Turning Oil & Gas Companies Green

Hoping to cash in on the CBD oil boom is Avalon Oil & Gas Inc. (OTC:AOGN) who The Cannabist reports is changing their business model from an oil and gas company to a producer of industrial hemp CBD personal grooming and cosmetic products. The penny stock Minneapolis company is just one of a long line of oil and gas and mining firms looking to grab a piece of the green rush sweeping across North America.

Business

The Legality of CBD: The Hemp Industry Vs. The DEA

Cannabidiol gained some unwanted attention recently, all of it stemming from a 2016 DEA pronouncement listing CBD as an illegal drug. With the ruling, state and local law enforcement officials began a targeted disinformation campaign targeted at disrupting the industry. In Tennessee, 23 shops were recently raided and padlocked, with store owners arrested for selling “illegal or synthetic drugs” to minors.

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Embracing The Senior CBD Market

Too often dismissed as out of touch by dispensaries and other CBD retail outlets, senior citizens are quickly showing themselves to be an untapped demographic in the ever-growing CBD market. In fact, older Americans are an ideal target group for a product with the healing potential of CBD, and with prescription medication costs on the rise, they are ripe for suggestion as well.

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