Connect with us

Legal & Regulation

Hemp-Derived CBD May Be Legally Marketed As Dietary Supplement Pending Bill Approval

The CBD industry, while presently legal, is still majorly held back as a result of the lack of regulation in the market. Despite the many supplement companies that have introduced the use of CBD in one way or another, the FDA hasn’t exactly made this marketing of the compound legal. However, the new bill introduced to Congress could make some big chances, if it passes.

Published

on

Hemp-Derived CBD May Be Legally Marketed As Dietary Supplement Pending Bill Approval
  • Congress is urging the FDA to develop regulations that allow CBD to be marketed.
  • The legislation for this marketing was filed on Monday, January 13th.

When the Farm Bill was approved in 2018, the entire country found themselves with a new opportunity. Hemp and its derivatives became legal, which means that hemp-based CBD became a legal substance to grow, create, distribute, and own. However, the Food and Drug Administration continues to work on regulations that would make it possible for the compound to be sold as either a nutritional supplement or as an ingredient in food. Without congressional action, the previous FDA Commissioner Scott Gottlieb, thinks the establishment of these rules is a process that could span years. However, a new bill may reduce that gap drastically.

According to reports from Marijuana Moment, the bill comes from a consortium of bipartisan lawmakers, requesting the Federal Food, Drug, and Cosmetic Act be amended. The amendment would include CBD in the definition of dietary supplements, which would effectively solve this issue between CBD and the FDA.

The legislation was filed on Monday by Rep. Collin Peterson, the chairman of the House Agriculture Committee. There were multiple co-sponsors, including reps. Chellie Pingree, James Comer, and Thomas Massie. In a press release, Peterson stated,

“The last two Farm Bills were landmark successes for hemp, but we are still very early in this process, and growers need regulatory certainty. This bill will allow FDA to regulate CBD that comes from hemp as a dietary supplement, providing a pathway forward for hemp-derived products.”

Massie expressed excitement over his participation in this endeavor, adding that there’s been a lot of work by bipartisan allies in the government to push for the legalization of hemp. He commented,

“In its first year, Kentucky’s industrial hemp industry added hundreds of new jobs and $100 million to the state’s economy! I’m confident H.R. 5587 will be another step in the right direction for industrial hemp.”

Presently, even though there are CBD products that are already broadly available throughout the US, the FDA enforces their policies with discretion. The only US businesses the agency tends to pursue are the ones that make ridiculous statements of what a cannabis product's therapeutic benefits are. In fact, these types of claims by companies ended up leading the FDA to issue a round of letters, warning the companies to stop their actions.

Mitch McConnell, (Senate Majority Leader), along with other lawmakers, have already stated that Congress is planning to let CBD products become marketed with the provisions in this legalization, which the FDA has been notified of. Furthermore, with these intentions, the lawmakers have also pushed for the FDA to work quickly to enact regulations that would make this marketing possible.

Eric Steenstra, the president of Vote Hemp, sent out an email to supporters of the advocacy group. He stated that Vote Hemp,

“supports this important new bill which will help provide clarity to the marketplace and ensure that CBD supplements can be marketed and sold nationwide.”

The bill also has an allocation that requires research of the “regulatory and market barriers for farmers engaged in hemp production,” which would be performed by the U.S. Department of Agriculture (USDA). In this research, the department will need to examine how much a hemp testing program would cost to create, the testing timeline that is necessary for farmers of hemp, and “other known or potential challenges” that the domestic hemp market has.

Emma Jay is one of the most esteemed suppliers of TOC cannabis content who loves to find facts and figures as well as stuff plenty of statistics and tidbits backed by research. Stemming with authenticity as a Certified HIPAA Professional in healthcare, Section 504 Coordinator Certificate in Legal and Certified Housing Asset Manager in Real Estate. Boasting over a decade-long stint in community healthcare, EJ will now be helping carry the TOC torch into the future.

Continue Reading

Ultimate CBD Guide


Disclaimer

ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email contact@timesofcbd.com

Copyright © 2020 TimesofCBD.com | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.