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By comparison, there are 13 states where CBD oil with a higher THC count is permitted, so you can buy as many of these products as you like. Those states are: Alaska, California, Colorado, District of Columbia, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Washington, and Vermont.
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Tourists from the United States and elsewhere are legally allowed to purchase cannabis in Canada. Those who are at least 19 years of age (18 in Alberta, 21 in Quebec) can safely purchase and possess up to 30 grams and consume it in a private residence, in any part of the country. It is important to note, however, cannabis cannot be transported from Canada to anywhere in the United States, including to states where cannabis is legal.
Meanwhile, the FDA is seeking opportunities to provide regulatory clarity wherever possible. In 2019, the FDA issued warning letters to four companies marketing and selling CBD products. In each instance, the companies were selling products with flagrant disease-related claims that the FDA had not approved for the treatment or prevention of any ailments. The FDA has historically been passive in its oversight of CBD products. The recent shift underscores the need for companies to both understand and adhere to federal regulations over such products.
No, I've seen studies that say that it could be as big as 12 billion in the next few years, I've seen some say 16, I've seen studies all over the place, but right now we are seeing CBD introduced in gummies rice, Krispie, treats, coffee, soap candles, basically everything you can possibly imagine. But the problem is there is no regulation on any of these products. And so we have products out there on the market that could be dangerous, or they could be perfectly safe, but we have no idea. A little over two years ago in Illinois, there was three people that died in about 300 more that had internal bleeding because of CBD products. They took off the shelves that were at the time, the newspapers reported laced with rat poison. Well , we actually think it was, was just high arsenic levels, which a simple, heavy metal test would have detected, and this wouldn't have happened, but right now, nationally, and even in most state levels, there are no actual regulations on what needs to be tested for. So for instance, with romaine lettuce, if there's a salmonella outbreak that gets pulled off the shelves immediately, there's a national freakout , but those food products go through heavily regulated and tested regimes when it comes to the CBD market, when it comes to the e-cigarette market, when it comes to a lot of these other products and product markets that are fairly new, there is no actual mandated testing. And the same goes for the medical marijuana market right now. It's been three years since regulations were supposed to be introduced into the medical marijuana market, where three years later, and there are still no regulations on the book that says these need to be checked for pesticides, heavy metals, residual, solvents, and other contaminants that at the end of the day, you're giving to sick patients. And if those things are introduced to somebody with a weak immune system, it could kill them. And so if we're going to be taking some of these things as medicine, for instance, medical marijuana, we need to know that number one, it's safe and number two, what it actually is going to be good for. And so what really needs to happen is there needs to be strong regulations on contaminants in these products, as well as clinical trials to determine what the best dosages are for and how much each person should take and what they should take and in what concentration. And so right now we don't know any of those things, but these products have been out in the market for years. And we're starting to see, especially with the e-cigarette industry, this kind of same phenomenon where they have been out there on the market. People are getting sick and dying, but we don't know why.
So that leads us to, it sounds like a business model, right A space where there's not something that should be there. Somebody, it eventually thinks I need to create a business. So tell us about Botanica Testing. I understand you have another company who came up with the idea, how hard was to get going, who your clients, that sort of thing. How did you get these things launched
I emailed the professor back. I was like, number one, what is this Number two, I didn't enter a business competition and number three, thanks but I'm pretty sure I'm going to go study dolphins in Hawaii. So I don't know if this is the way I want to go. I gave it some thought and realized that it might be something that would be a great stepping stone and something that I couldn't just let go by. And so I drove from Virginia Beach to Indiana to Tampa, picked up a buddy. We drove out to California all the way to North Dakota and back searching for incubators, different business systems that I could start my business. And it would be a great system to be able to be in, to be able to grow it where there are other entrepreneurs and other people starting businesses and just kind of a collaborative feeling. And so traveling all across the country, I stopped, I worked as a lumberjack in Arkansas for a couple months. I worked as a counselor out in California to make enough money to make it to North Dakota. Then we worked there a little bit. Then we drove all the way back. So basically by the end of that summer trip, I had about $3,000 that I said, you know, I'm going to use this to try to start a business on the way to Gainesville, Florida, because the innovation hub was there. There was a Sid Martin incubator system and said in the innovation hub, which is in downtown Gainesville. And that was the one that I wanted to be at. And I thought that was the one that's going to give me the best opportunity to be able to start this business. And so on the way from North Dakota, I'm calling apartment complexes down here, trying to see if there's openings basically packed up my entire life and moved from Virginia down to Florida to start this company.
So the first people that I really got involved with were Jody Johnson and Karie Baso over at the mass spec department at UF. And one of the main reasons I came to Florida was because of the university system and the amount of amenities and perks that they offer. And so my first hire was actually another student to be able to create the website, start doing marketing and starting to actually go get customers. It went all right. He didn't last very long. My second hire was with me for a little bit more than a year. His name was Vic . He is an old British chemist who really just enjoyed talking to people and working more on the business side and the sales side and loved having him around. He got to the point where he was about ready to retire as well. And so at that point, we were expanding with Botanica. And so we started to hire a lot of lab technicians and people to work in the office and so we were up to about seven eight right now, total employees.
Well, I got to wish you luck out of my known a couple people who've run. And the situation that we have here in open seat is probably the most competitive because lots of people jump in and unlike, running against an incumbent where you have a fixed target, your competition essentially is all the other folks who are throwing in, but that's incredible and admirable as well. And it's got to take a lot of energy. Adam let's close or near closing the, the episode with one of my favorite questions. And that's basically, what were you like as a kid, we've already heard what your mother thought of you as a child and you yourself described yourself as kind of hyperactive and always getting into trouble. So without putting yourself in any legal jeopardy or campaign jeopardy, Adam, if you could share with us examples of what were you like as a kid and why were you getting in trouble
Do you remember a time where you were drawn to the natural sciences, biology and chemistry Did that develop when in middle school, high school or when did you know that's kind of what you wanted to do, if at all
Yeah, so I get asked the question. What's the most important thing that you can do when you do a startup and my first and only answer every single time is get a puppy. And the reason I say that is it forces you to go home. And when you get home, you have something that is jumping on you, excited to see you. Because what I learned very quickly is if you don't have something like that, if you don't have a solid base, if you don't have something to go home to number one, you won't go home. You will work yourself into the ground. Number two, you will have burnout very quickly. And that's the thing that kills most entrepreneurs. And most startups is just burnout, where you work so hard, you care about something so much. And it's all you think about for so long,
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