One of the market leaders in CBD products is teaming up with a subsidiary of the world’s biggest tobacco company to seek regulatory approval for a new botanical drug.
Charlotte’s Web Holdings, a market leader in full-spectrum hemp extract wellness products, announced on April 6 that it is forming a joint venture with AJNA BioSciences PBC (or “AJNA”), a subsidiary of British American Tobacco billed as “a botanical drug development company focused on mental health and neurological disorders.”
The companies said that the joint venture “was established to pursue FDA-approval for a novel botanical drug to target a neurological condition
Read full article on High Times
