Louisiana issues first hemp-derived CBD permits 

    The Louisiana Office of Alcohol and Tobacco Control issued its first permits Monday to allow the legal sale of hemp-derived CBD products, WAFB-TV reports.

    The temporary permits, which expire February next year, comes three weeks after lawmakers approved a bill during the regular session to legalize and regulate the products. Gov. John Bel Edwards signed the bill into law June 6.  

    Five Capital Region businesses—in Gonzales, Baton Rouge, Port Allen and Denham Springs—were among the first 20 in the state to be licensed to sell CBD products. 

    The market is expected by some to grow to $22 billion by 2022, but that estimation includes edibles, which are outlawed by the legislation signed earlier this month. 

    Read the full report. 

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