Is CBD the Future of the Cannabis Industry?

Martin Sumichrast, CEO of Level Brands, sat down with TheStreet to discuss all things CBD.
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No, you can't get high off of CBD. 

CBD, or cannabidiol, is a compound found on marijuana and hemp plants. However, unlike THC, it doesn't have psychoactive properties so you won't be getting high off of it. 

What it does have in common with THC, though, is that because they are both cannabinoids they impact our bodies and minds using cannabinoid receptors, wrote TheStreet's Steve Fiorillo These are a part of the endocannabinoid system inside the human body, which affects a number of different physiological processes. These receptors, to date found primarily in the nervous and immune systems, are what the CBD interacts with to give you the effects.

Martin Sumichrast, CEO of Level Brands LEVB, broke down why Level Brands is making the push into CBD with its recent acquisition of cbdMD.

"My partner, I'm very fortunate to have a partner, Kathy Ireland. And Kathy and I, we got Level Brands involved in the licensing side of the CBD market beginning of last year. We learned a lot last year, and then we saw the farm bill coming, we saw the potential, and I ran into actually a great friend of mine in Charlotte, North Carolina where we're from, and Scott Coffman, he's built an incredible company cbdMD We saw the opportunity, we saw one plus one equals five," Sumichrast told TheStreet. "I know it's a cliche, but I'm telling you in this particular situation it's a huge plus for us. And we merged the companies. We closed the acquisition, actually the day Trump signed the farm bill. So, the NYC let us go, we're excited about that, and so it's gonna be the major part of the company going forward."