Holcomb signs bill allowing Indiana sale of CBD oil

Indiana Gov. Eric Holcomb signed a bill Wednesday that allows for the widespread sale of a cannabis-derived oil.

Cannabidiol, commonly referred to as CBD, is derived from marijuana and hemp and is believed to have therapeutic benefits, but it lacks the chemical compound in cannabis responsible for a euphoric high.

Last year, lawmakers passed a similar law allowing people with some types of epilepsy to use CBD oil, but confusion over the law led to a state crackdown.

Holcomb said "Indiana lawmakers delivered a bill that ensures Hoosiers who benefit from CBD oil can access it." He said the law provides much-needed clarity, with labeling requirements and limiting to 0.3 percent the amount of cannabis' psychoactive ingredient in CBD products.

Some lawmakers were concerned that the bill could find itself in similar trouble as vaping legislation the Legislature passed two years ago that wound up creating a monopoly.

The new law takes effect July 1.

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