San Diego — CV Sciences, Inc. announced its CBD gold extract has has received self-affirmed Generally Recognized as Safe (GRAS) status in accordance with stringent U.S. FDA safety guidelines.
This designation certifies all of the company’s PlusCBD Oil Gold Formula product line as being recognized as presumably safe among experts under the conditions of its intended use.
CV Sciences, Inc., a supplier and manufacturer of hemp-derived phytocannabinoids such as CBD oil, says it is the only hemp CBD nutraceutical company to invest in the scientific evidence necessary to achieve such a designation.
“We are committed to building consumer confidence and trust in the safety and quality of our products, supported by scientific evidence,” said CEO Joseph Dowling, in a statement. “This milestone significantly advances our leadership in this space and provides us with opportunities to broaden consumer access to our products, while removing any doubts on the safety and benefits of our products.”
Demand for CBD products such as those offered by CV Sciences, Inc. continues to grow. According to the Hemp Business Journal, an industry market research publication, the CBD market will reach $2.1 billion by 2020.
“We are proud to be the first and only company to obtain GRAS self-affirmation on a hemp extract and believe this is a milestone for CV Sciences as well as the entire hemp CBD industry,” Dowling said.