CBD entering food and drink at an 'astounding pace,' report says

A new Rabobank report found that CBD has been entering food and beverage products — beer, coffee, cocktails, jelly beans and others — at an "astounding pace." However, the substance remains illegal in foods and beverages on a national level, and it may not be approved for several more years barring congressional action, according to the report.Meanwhile, the market appears poised for more CBD-infused products, and Rabobank said the demand is likely to continue. But it will be easier to assess the long-term market opportunity once the industry hits "peak hype," allowing more cautious companies to develop products in a lower-risk environment.