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You might have noticed a lot of products lately that are infused with CBD. But what exactly is CBD? CBD stands for cannabidiol, and it's part of the cannabis plant from which we also get marijuana. We spoke with Martin A. Lee, author of "Smoke Signals: A Social History of Marijuana - Medical, Recreational and Scientific" and the director of Project CBD to find out what exactly CBD is. Business Insider tells you all you need to know about business, finance, tech, science, retail, and more. Subscribe to our channel and visit us at: http://www.businessinsider.com/ BI on Facebook: https://www.facebook.com/businessinsider/ BI on Instagram: https://www.instagram.com/businessinsider/ BI on Twitter: https://twitter.com/businessinsider -------------------------------------------------- Following is a transcript of the video: Narrator: With all the weed trucks and imagery all over New York these days, you might think to yourself, "Hey, is marijuana legal now?" Not quite. What these companies are selling is actually something called CBD. It's found in everything from lollipops to lattes. And business is booming. CBD products are part of what is estimated to be a roughly one billion dollar industry in the United States. And it's perfectly legal. So, what does CBD have that marijuana doesn't? Martin Lee: The fact of the matter is we're kind of in the midst of a CBD craze right now. Narrator: Martin Lee is the director of Project CBD, an educational platform that focuses on cannabis science and therapeutics. Lee: CBD stands for cannabidiol. That's a component of the cannabis plant that has significant therapeutic properties, but it's not intoxicating. It doesn't get you high like THC. Narrator: As it happens, not all cannabis plants are created equal. Take a look at these two varieties. One is marijuana, the other is hemp. One gets you high, the other doesn't. The key difference is what's on the inside. Lee: THC and CBD are the main components of the cannabis plant. Narrator: THC is what makes you feel high, and marijuana plants are loaded with it. Dave Chappelle: I don't know about y'all, but I can't even move. Narrator: Hemp, on the other hand, has hardly any THC at all. But what it lacks in THC it makes up for with higher amounts of CBD. Now, CBD won't get you high, but it does have a redeeming quality: it's legal. And at least according to the marketing, it has a relaxing effect. So since this stuff is all the rage, let's see how it's made. So, once you have a cannabis plant, one simple way to make extract can be done in your own kitchen. Lee: As simple as using olive oil or butter and heating the trim from the plant or a little bit of the green material from the plant. Obviously that's not very useful for mass industrial production, to be cooking up something in your kitchen with butter and cannabis. Narrator: But the more common way involves a specialized, complex machine. Lee: One very widespread way is using what's called a supercritical CO2 extraction. It's ground up to have the texture initially of like a coffee grind. And it's poured into vessels, literally, of a supercritical CO2 machine. It will stay in that machine for upwards to 24 hours under different pressures and temperatures at different times of the extraction process. And ultimately you'll end up with a thick, golden oil that's very waxy in texture. Narrator: You can also extract it using ethanol and hydrocarbons. You can find this oil in a number of different products these days. Lee: It can be administered in various different forms. It might be ingested, it might be applied topically. Narrator: They even have CBD oil products for your pets. I stopped by a cafe in New York which sells all sorts of CBD-infused products. I tried a CBD matcha latte and a CBD macaroon. These snacks tasted great, and I felt a little more relaxed after, but it was hard to tell if the CBD was actually doing anything for me or if it was all in my head. Scientists are actually still trying to figure out exactly how CBD affects the body. Lee: So, there really is a scientific basis for understanding why CBD can work, but we're still really a long way of mastering the hows. Narrator: Still, CBD may have more benefits than just a relaxing afternoon. Some initial studies have shown that CBD can help with a number of different medical conditions. In fact, in June 2018, the FDA approved the first CBD drug, Epidiolex, which is used to treat epilepsy. So, who knows? Perhaps we'll be seeing CBD in more places than just cannabis-decorated vans in the future.

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In our latest Trade To Black podcast, host Shadd Dales and Anthony Varrell tee up a powerful episode featuring Jim Higdon, CEO of Cornbread Hemp, and Anthony Coniglio, CEO of NewLake Capital (OTCQX: NLCP). Jim Higdon takes us inside the growing tension between the hemp and cannabis industries—two sectors that share the same plant but play by very different rules. Higdon discusses the regulatory gray area that continues to frustrate licensed cannabis operators, particularly when it comes to synthetic cannabinoids like Delta-8 and Delta-10, which are being sold with little to no oversight. He explains why Cornbread Hemp has taken a different route—focusing strictly on compliant, full-spectrum CBD products—and how the hemp industry can clean up its own act before federal reform steps in. Jim also shares what he believes needs to change in the next version of the Farm Bill to create a level playing field. Later, Anthony Coniglio joins us to address the wave of lease defaults in the cannabis industry, shedding light on what’s really happening in the capital markets. 0:00:00 – Podcast Intro Jim Higdon Interview 0:02:04 – Jim Higdon's role at Cornbread Hemp 0:05:55 – Hemp Industry Sentiment 0:09:16 – State Regulatory Hurdles 0:11:33 – D.C. Cannabinoid Confusion 0:12:46 – Misread Farm Bill 0:15:06 – Education & Synthetics 0:22:39 – Hemp vs Cannabis 0:31:32 – Texas Law Changes 0:34:55 – Farm Bill Revisions 0:38:06 – Interview Wrap-Up Anthony Coniglio Interview 0:41:00 – Anthony Introduction 0:41:13 – Hemp Rules & Intoxicants 0:44:05 – Cannabinoid Regulation Issues 0:45:08 – Lease Defaults & Risks 0:49:10 – Rental Rates Struggles 0:52:07 – GCRs Conference Recap 0:54:14 – Industry Consolidation Trends 0:59:15 – Recruiting Cannabis Talent 1:02:15 – Long-Term Industry View 1:04:52 – Interview Takeaways #CannabisIndustry #Hemp #CannabisReform #CannabisNews #CannabisStocks #MarijuanaIndustry #CBD #BusinessNews #CannabisTrends #CannabisCommunity Want to see the last week's recap? https://youtu.be/oQ_WTNl5hVU Want to see more Cannabis Reform videos? https://youtu.be/UyYjK5NHKtM https://youtu.be/bmFIkQfBSmQ https://youtu.be/m-7vWOztw5k https://youtu.be/R5hASyQ2hmA Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter! https://newsletter.thedalesreport.com/subscribe Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web: Facebook: https://www.facebook.com/TheDalesReport Twitter: https://twitter.com/TheDalesReport Instagram: https://www.instagram.com/dalesreport LinkedIn: https://www.linkedin.com/company/the-dales-report/ Apple Podcasts: https://tinyurl.com/TDRTradetoBlackonApplePodcasts Spotify: https://tinyurl.com/TDRTradeToBlackonSpotify Website: https://thedalesreport.com/ For copyright matters, please get in touch with us at: [email protected] All views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-terms-of-use/

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