(SPECIAL REPORT) - Jamie Richardson from Dallas Texas just netted one of the biggest deals in Shark Tank history.

All 5 investors on ABC's Shark Tank teamed up to buy 30% of Richardson's breakthrough "miracle pain relief" formula for a staggering $2.9 million dollars.

Here's what it's all about...

In 2016, Dr. Jamie Richardson sold over 1.9 million bottles of his family's secret pain relief formula, Cachet Pure CBD Oil, after a congressional bill legalized the sale of CBD products in all 50 states.

Cachet Pure CBD Oil is made from Cannabidiol (CBD), the non-psychoactive ingredient in cannabis. It is an ingredient in cannabis that relieves pain and fights inflammation along with a slew of other miraculous benefits.  

Cachet Pure CBD Oil has been called "Nature's Oxycontin" because it quickly relieves even the most agonizing pain and reduces inflammation allowing the body to finally heal.

Millions of Americans are already using Cachet Pure CBD Oil on a daily basis. Many say it works like magic. Some say it works better than prescription painkillers like Vicodin and Oxycontin.

Here at Fox News, we received hundreds of emails about whether Cachet Pure CBD Oil is a legitimate alternative to potent painkillers, and if it carries any unwanted side effects. We wanted to find out...

Is "Nature's Miracle Medicine" The Real Deal... Or Just Another Gimmick?

The story of how Cachet Pure CBD Oil was created is fascinating. 

Cachet Pure CBD Oil was discovered by 92-year-old Mary Richardson, Jamie's mother, and a retired doctor from Yuba City, California. 

Mary had been battling horrible arthritis pain for years, which she was barely able to control.

Enduring this mind-numbing pain was bad enough but what happened next was nothing short of a nightmare.

Without warning...

Mary suffered two major strokes in 67 days!

Miraculously, Mary survived, but her arthritis raged hopelessly out of control as a result of the strokes.

Doctors pumped her full of their strongest drugs, but her pain sprang to unbearable levels.

Desperate for relief, Mary began looking for answers on her own.

Twelve agonizing months later, she stumbled upon a surprising pain remedy used by ancient healers. 

Mary was surprised the major ingredient turned out to be concentrated Cannabidiol extracted from the marijuana plant (CBD).

Mary re-created the formula… and the results were instantaneous! She calls it her…

Cachet Pure CBD Oil:  Miracle In A Bottle!

Mary was astonished. This discovery changed her life- literally overnight.

The formula seemed to melt away the pain -in her words - “just like it was never there.”

At the urging of her son, Jamie, Mary began sharing her secret formula with other hurting folks.

Unfortunately, Mary could never publicly give away her miracle formula. At the time, the US Government classified CBD as a schedule 1 drug, meaning Mary could face over 60 years in jail if she were ever caught. 

Regardless, Mary would secretly ship bottles of her pain relief formula to those in need.

Since then, Mary's formula has helped thousands of people find relief from arthritis... sore muscles... inflammation... swollen joints...and injury pain. 

Luckily, Congress introduced a new federal bill in spring 2017 to reschedule marijuana and CBD as a schedule III substance, meaning CBD could be freely distributed for medical and research purposes!

That's when Jamie, Mary's oldest son, took his mother's secret healing formula and improved it. Now, it's a widely used treatment for pain and inflammation as well as many other conditions.  

What Jamie Richardson Did Next Started a Medical Breakthrough

Jamie Richardson knew he could not sell his mother's miracle formula right away without further research. He needed to prove to the public that CBD was an effective solution for pain management with little side effects.

So, Jamie applied for a research grant to run the first ever FDA approved clinical trial involving CBD. 

With the help of Harvard researchers and medical doctors, Jamie led a clinical trial studying the effects of CBD on pain and inflammation. 

The results were astonishing. Through their research, they discovered a multitude of other health benefits of CBD they never anticipated. Richardson's team ran additional follow-up studies that concluded CBD is nothing short of a real medical miracle.

CBD has now been clinically proven to:

• • Reduce pain by binding to CB1 receptors while reducing swelling
• • Reduce social anxiety, cognitive impairment, and discomfort in patients diagnosed with Generalized Social Anxiety Disorder (SAD)
• • Fight cancer spread by "turning off" genes involved in tumor development
• • Combat neurodegenerative disorders like Alzheimer's by removing plaque that block neuron-signaling
• • Reduce cigarette addiction by modulating the rewarding the effects of nicotine
• • Improve sleep quality and restore respiratory stability to those experiencing sleep Apnea
• • Provide relief to those suffering from IBD (Chron's or Colitis) through its anti-inflammatory effects
• • Help Prevent obesity Users report CBD helping reduce cravings and avoid over-eating, often leading to weight loss

But research shows its benefits go much further than just that. For example, if you’d like improved sexual health… research shows that CBD may help with:

• • erectile dysfunction,
• • infertility,
• • menstrual pains, and
• • overall sexual performance

If you want improved mental health… CBD is commonly used to treat physiological symptoms, it has also been deemed an effective treatment for:

• • anxiety,
• • depression,
• • stress,
• • ADHD/ADD, and
• • PTSD (Post-Traumatic Stress Disorder)

CBD also enhances concentration and focus… PLUS it can enhance and improve sleep.
CBD has also been proven:

• • To be highly beneficial in the treatment of seizures, neurological conditions such as MS and cerebral palsy, and anxiety disorders

• • Studies have found that CBD can relieve nausea and vomiting, making it a great digestive aid

• • It can help fight tumors and cancer cells because it’s a very powerful antioxidant

• • CBD can help relieve anxiety and depression, calm and protect the nervous system

• • It can promote relaxation and deep sleep, help reduce stress, help relieve insomnia

• • CBD is a natural anti-inflammatory which helps reduce swelling and also can help reduce muscle and joint pain