What ingredients should be in your CBD products? What should you do when your broker shuts your account? When will we hear from President Trump? We have the answers to all of these questions inside…
With the CBD market set to grow 15 times faster than the cannabis industry as a whole in 2019, curious individuals are now buying CBD products in CVS, RiteAid, Kroger, and even local gas stations.
But if you’ve never been near cannabis before, how can you be sure what to look for? Some people are looking at the labels for clues, much like our fellow member Janice.
Janice P. says: “Thanks for the info on CBD, however, I’d like to know what the ingredients should be. Seen some with glycol and vegetable oils. Shouldn’t it be only CBD oil with less than .3% THC? I’m a label reader!”
Thanks for the question, Janice. You probably would not want a CBD product where CBD is the only ingredient. CBD oil itself is a sticky mess that’s difficult to work with and even more difficult to try to consume. What’s more, a dose is only a few milligrams, and measuring that amount out is also difficult.
So if you want a tincture or any other liquid product, the CBD must be mixed with something. As you say, the most common mixers are glycol and vegetable oils (the product would separate quickly if water were the mixture). If you prefer one or the other that’s fine – the important thing is to get a large enough dose.
Many people also choose “full-spectrum” CBD oil – what that means is that, in addition to CBD, the product has other non-psychoactive cannabinoids like CBG, CBN, and the like. And increasingly, products are adding other ingredients to increase the effect, to induce other complementary effects, or to make the tincture more palatable.
My CBD oil of choice has a black pepper flower oil, cloves, cumin, the omega-3 fatty acids that come in hemp seeds, and more. Again, these added ingredients are usually helpful or benign, not harmful, and deciding what you want is part of choosing the right product for you.
As I’ve said before, I only recommend stocks for our portfolios when I have inspected the company and found it to have a safe and reliable brand, so that’s always a good place to start.
As more of our members do get started investing in these brands, some of them are still encountering problems with their brokers.
J.D. writes: “TD Ameritrade shut down my account because I own a cannabis company. Please consider boycotting these hypocrites and use ETrade instead. Thus far, no issue with them. Same with RBD, they closed my retirement account, so I am moving my money to a Canadian broker.”
J.D., I fully appreciate your frustration. It’s tough to own a cannabis company in the U.S. (as opposed to just cannabis stocks). The banks and brokers fear you because they fear the federal government.
The federal banking authorities have made it clear that moving around money attributable to cannabis sales, particularly moving it across state lines, is an excuse for the regulators to make the brokerage firm’s life pretty miserable. So I have a little sympathy for these companies.
Fortunately, there are bills before Congress to remedy the problem, and they are closer to passing than ever before.
I’d encourage you (and anyone in a similar situation) to call your congressperson and demand that they help move forward the SAFE Banking Act.
Jeff N.: “Keep up the good information. Desperately waiting for my stocks to go up. Please keep that information coming. Any info on Pres. Trump and Congress?”
I’m waiting too, Jeff! I’m confident that our stocks will make us a lot of money over time, but that doesn’t lessen the frustration of seeing them go down in the meantime!
I do think the worst is past us. Congress is making good progress on several bills that would be helpful to the cannabis industry, but of course an obstacle can pop up at any time. So while I’m optimistic, I’m skeptically optimistic until any given bill gets a vote in both the House and Senate.
President Donald Trump is a little bit of a mystery. He has made generally pro-cannabis comments in the past, and he was happy to rein in his former Attorney General Jeff Sessions when Sessions rescinded the Cole Memo, which was basically a non-prosecution guide for businesses complying with state law.
But he’s never been very specific, and cannabis is clearly not something at the front of his thoughts. So again, I’m cautiously optimistic that he’d sign a pro-cannabis piece of legislation if it reaches him, as he said he would with the STATES Act.
Sooner or later – and more and more people are thinking sooner – the needle is going to shift in favor of the cannabis industry. Knowing which companies to invest in before it does will be your key to a comfortable retirement.
Executive Director, National Institute for Cannabis Investors
4 responses to “Q&A: Why Is There Glycol & Vegetable Oil in My CBD?”
June 29 2019