CBD as a dietary supplement
A bill has been introduced in the House of Representatives to allow CBD and other hemp-derived compounds to be marketed and sold as dietary supplements, a move that could finally clearly regulate the trade of hemp and its derivatives at the federal level.
“Hemp has historically been an important crop for Virginia farmers, and food supplements made from it do not have harmful addictive properties,” said Morgan Griffith, one of the two custodians of the bill. “Nevertheless, the current state of the regulations creates confusion about their legal uses. I joined this bipartisan bill to give hemp growers certainty that their crop has legal uses.
While the Farm Bill 2018 legalized hemp in the United States, allowing its production and sale, the federal regulatory framework for low THC derivatives has fallen behind, frustrating businesses and law enforcement. In a letter sent last year to the head of the Food and Drug Administration (FDA), legislators complained that “the agency’s current regulatory position on CBD has created significant regulatory and legal uncertainty for participants in this rapidly evolving industry. »
Although the regulatory landscape may soon change, after the FDA reopened a public comment period earlier this year concerning the way CBD should regulate. Kurt Schrader and Morgan Griffith’s new bill makes it clear that Congress wants to see action on CBD and other hemp products as soon as possible.
The legislation titled the “Consumer Protection and Market Stabilization of Hemp-derived CBD and Hemp Products Act of 2020”, would require that “hemp-derived cannabidiol and any other hemp-derived ingredients be legal under the Federal Food, Drug, and Cosmetic Act as a dietary ingredient in a dietary supplement. »
Products at the CBD would still be required to comply with federal packaging and labeling requirements and FDA rules regarding novel food ingredients.
The US Hemp Roundtable, an association of industry professionals, has called for a vote on the proposal.
“Allowing CBD to be legally marketed as a dietary supplement and requiring manufacturers to comply with the entire existing regulatory framework for dietary supplements would create tremendous confidence in hemp and CBD products, and provide an excellent opportunity for hemp growers across the country”. Added Jonathan Miller, the organization’s general counsel. He predicted that the market for hemp products would exceed $10 billion within a few years.