CBD — those three small letters have led to a billion-dollar industry.

CBD, short for cannabidiol, is a compound from the cannabis plant that does not produce a high. People can consume it, vape it or apply it to their skin. Manufacturers are putting CBD in everything from lattes to lotions. Proponents say that CBD helps manage many health conditions, especially pain and anxiety.

"One of the things that we've found that CBD is wonderful for is bringing your body closer to homeostasis, back to alignment. We know that that affects everything from stress to the ability to sleep, etc.," Malaika Jones, co-founder of Brown Girl Jane, said on Under the Radar.

"Especially these days, folks are finding themselves, you know, feeling out of whack. So, our consumers really tell us that it [CBD] has been most helpful with anxiety, stress relief and sleep. ... The brand and the products have really resonated with people who need these everyday solutions to their life," she said.

But many researchers insist that the substance may not work, let alone be touted as a cure-all.

"One particular formulation of [CBD] was FDA approved in 2018 for the treatment of three types of seizure disorders," said Dr. Kevil Hill, an addiction psychiatrist. "But the reality is that probably 95% or greater of the CBD that people are using is not that formulation and it's not regulated by the FDA. And with that come a host of issues and those issues are related to the risk."

Dr. Kevin Hill, addiction psychiatrist, director of the division of addiction psychiatry at Beth Israel Deaconess Medical Center, and associate professor of psychiatry at Harvard Medical School. He is also the author of “Marijuana: The Unbiased Truth about the World’s Most Popular Weed”

Malaika Jones, co-founder of BROWN GIRL Jane, a Black woman–owned company that offers broad-spectrum CBD products. She was named one of the most powerful women of 2020 by Entrepreneur Magazine