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Richmond-area CBD companies expect business to take a hit as hemp regulations loom

Updated: Mar 23

Jack Jacobs | Richmond BizSense | March 20, 2023

"When you take 90 percent of the business we created over the past five years and take it away, why would I stay in a state that doesn’t support my business and my family?”

"In a bid to save his business from what could prove to be devastating legislative changes, there’s a shift underway on the shelves of Jared Preston’s local CBD shop Blossom. When the store first opened in the Fan in 2019, hemp-derived products such as cannabidiol edibles and oils figured more prominently in the store’s inventory, which also includes herbal products. But then, state regulation began to creep in."

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