A person uses a Pax Labs Inc. Pax Labs, a San Francisco-based startup, raised $20 million from investors, Chief Executive Officer © 2018 Bloomberg Finance LPThe CEO of one of the largest manufacturers of cannabis vaporizers and accessories says CBD, the non-intoxicating form of cannabis, is overhyped. Instead, it operates on via the Keurig model, partnering with local brands who fill and distribute custom PAX pods with THC extract and its popular non-psychoactive counterpart, CBD. Investors are jumping in on the CBD hype as well and bringing their checkbooks with them. “I think one of the open questions with hemp-based CBD is what’s the promise?” said Vasan.

Source: Forbes May 08, 2019 22:52 UTC