14 Jan FDA Would Allow CBD Product Marketing Under New Bill
A recently introduced bill would allow CBD to be marketed as a dietary supplement.
CBD derived for the hemp plant was made legal by the 2018 Farm Bill, and since then there has been a bit of a frenzy over it. There is a possibility that Florida now has more CBD stores than Starbucks, there are too many CBD products out there to keep track of, and everyone seems to be using or has tried CBD.
Although CBD is legal by federal law, the FDA doesn’t regulate it. Making the CBD business an unregulated business, where many state level governments have felt the need to get involved and regulate the retail sale of the product to ensure consumer safety. There have been many reports of CBD products containing dangerous chemicals or not even containing CBD. The only time the FDA has gotten involved is to make sure CBD companies label their products without making medical claims.
A bipartisan coalition of lawmakers has introduced a new bill that would allow for hemp derived CBD to be lawfully marketed as a dietary supplement. Filed on last Monday, this piece of legislation could be a way to solve this issue. The legislation would amend the Federal Food, Drug and Cosmetic Act to include CBD in their food supply or as nutritional supplements. In order to speed things up this is the type of situation that congress needs to get involved. Former FDA commissioner Scott Gottlieb said that rulemaking could take years without congressional action.
Rep. Collin Peterson (D-MN), chairman of the House Agriculture Committee, filed the bill. Initial cosponsors include Reps. Thomas Massie (R-KY), James Comer (R-KY) and Chellie Pingree (D-ME).