The CBD industry is witnessing rapid growth with ample of products in the consumer market. Companies are joining the CBD league, given the promising returns and boom in the economic market.
A nationwide recognized consumer cannabidiol (CBD) label, cbdMD will be auctioning off Team cbdMD Athlete and American Rallycross (ARX) driver Steve Arpin’s pink firesuit. 100 percent of the proceeds from the auction will be going towards supporting those affected by breast cancer.
Tying a season-best result with the second place, Arpin closed the 2019 American Rallycross season on the Mid-Ohio Sports Car Course on October 6. Arpin’s #00 cbdMD Ford Fiesta was wrapped in a bright pink hue to support breast cancer awareness, along with a fire suit to match with it.
Arpin donated the fire suit to cbdMD after the race as an auction item which will be given to the online highest bidder. cbdMD has selected Carolina Breast Friends to receive 100 percent of the money from the fire suit auction.
Carolina Breast Friends is a foundation that aims at providing resources and education via mentoring and fellowship during any stage of the breast cancer journey. You can see Arpin’s fire suit by visiting the online live auction website here.
Steve said that it was extremely special to run on a weekend for such an honorable cause. He further added that he is grateful to be able to donate his fire suit for a charitable cause- breast cancer awareness.
President of cbdMD, Caryn Dunayer said the team has been extremely proud to have Steve as a part of cbdMD. He appreciated Steve on giving his fire suit for auction to support breast cancer survivors and raise awareness. It showed how generous and charitable Steve is, said Dunayer.
cbdMD, Inc. is a nationally-recognized consumer cannabidiol (CBD) brand that has an array of products and deals including CBD gummies, CBD bath bombs, CBD tinctures, CBD topicals, and CBD pet products. cbdMD not just deals with CBD products but is also the proud partner with Barstool Sports, Nitro Circus, Life Time, BIG3 Basketball League, and Bellator MMA. cbdMD has some eminent sports teams onboard with the largest rosters of professional sports athletes that make the “Team cbdMD”
What is CBD?
CBD or cannabidiol is a non-psychoactive substance found in hemp, a cannabis genus plant, which is allegedly good for health. It helps in alleviating the symptoms of severe diseases such as Alzheimer’s, epilepsy, Tourettes and even cancer.
CBD has anti-inflammatory properties which help in reducing acute ache, pain, inflammation, swelling, muscle rupture, fractures, and accident recovery. CBD has gained immense popularity, especially after the Farm Bill was passed in December 2018. The act legalized hemp production and cannabidiol for medicinal uses.
This led to a huge movement of business leaders, retailers, and consumers to invest in the CBD market. From CBD based oils to tincture, creams to foot cream, gummies to beer, CBD is now being used in plenty of different consumer products.
Despite the benefits of CBD, researchers and scientists have shown concerns regarding the after-effects and long term impact of CBD. There is little research to back up the claims made by companies that market CBD products as a cure to cancer and other diseases.
Is CBD legal?
CBD was legalized in December 2018 by the U.S. government with a maximum concentration limit of 0.03% THC per unit. THC, or tetrahydrocannabinol, is the psychoactive component found in cannabis. It is responsible for causing the “high” that people get while smoking a joint or weed.
Looking at the ill-effects of THC, the government kept stringent limits on its concentration in CBD products. However, the Food and Drug Administration has not yet created a regulatory framework that clearly defines the legal limit on the concentrations of CBD products. The FDA has warned several companies for marketing their products as a go-to healthy alternative for diseases.
The agency had organized a public meeting on May 31 with stakeholders, business leaders, consumers, researchers, scientists, and others to discuss CBD products. The consumer market is flooded with products that are not regulated and might contain high levels of THC. The FDA has warned consumers to be aware of such CBD products and take necessary precautions to ensure they do not invest in illegal products.