As Phoenix New Times' cover explains this week, CBD, a.k.a. cannabidiol, has been around for a while but is finally going mainstream — in spite of a U.S. Drug Enforcement pronouncement that it's an illegal cannabis extract.
Chris Martin and his wife, Andi, have seen initial success in the business with their two companies. Even Chris Martin's two-year stint in prison hasn't stopped them. He's seen the companies grow rapidly each month since he got out of prison in February. Hempful Farms sells a variety of CBD products for people, including topicals, salves, capsules, edibles, and concentrates for smoking or vaping. The Martins' 12-year-old son, Christopher, is the CEO of Paw Puddy, which makes and sells CBD-containing dog biscuits, horse pellets, and other infused pet foods.
Many questions remain unanswered about CBD, including its reputed health benefits. In the meantime, it's selling like crazy online, in smokeshops, and in medical-marijuana dispensaries. Barring any law-enforcement action, experts say CBD sales are expected to triple in the next three years.
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