Lawmakers introduce bill to fully legalize CBD trade


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Lawmakers introduce bill to fully legalize CBD trade
Lawmakers introduce bill to fully legalize CBD trade

Lawmakers Introduce Bill to Fully Legalize CBD Trade

In a historic move, lawmakers have introduced a bill to fully legalize the trade of CBD and other hemp-derived products. The bipartisan and bicameral bill, known as “The Hemp Access and Consumer Safety Act,” was introduced by U.S. Senators Ron Wyden, Rand Paul, Jeff Merkley, and U.S. Representative Earl Blumenauer.

This bill comes after years of deliberation and uncertainty surrounding the regulation of CBD. In January, the FDA stated that it lacked the authority to regulate CBD and deferred the matter to Congress. As a result, many CBD companies received warning letters focused on the claims being made on their products. While marketers who avoid making non-compliant disease claims have had less to fear from the FDA, the regulatory gray zone around CBD has stifled market growth and investment.

The sponsors of the bill aim to remove this regulatory logjam and fully realize the market potential envisioned with the passage of the 2018 Farm Bill. Senator Wyden emphasized the need for safe and equal access to hemp-derived CBD, stating that consumers are currently at risk. Senator Paul expressed frustration with the FDA’s handling of hemp-derived CBD, suggesting that these products should be treated like any other food additive or dietary supplement.

Coinciding with the bill’s introduction, a hearing on the status of hemp products and the FDA’s inaction on the issue has been announced for July 27. The hearing, titled “Hemp in the Modern World: The Yearslong Wait for FDA Action,” will take place before the Health Care and Financial Services Subcommittee of the U.S. House Committee on Oversight.

The bill aims to carve out a specific exemption for hemp within the existing Dietary Supplement Health and Education Act of 1994 (DSHEA). This exemption would allow hemp-derived CBD products to be lawfully used in dietary supplements, foods, and beverages, under the Federal Food, Drug, and Cosmetic Act. The legislation also prioritizes consumer safety by requiring manufacturers to comply with all existing federal regulations for CBD-containing products and ensures proper labeling.

The bill has already garnered support from various groups, including the U.S. Hemp Roundtable and the American Herbal Products Association (AHPA). Michael McGuffin, the president of AHPA, expressed appreciation for the leadership of Senators Wyden, Paul, and Merkley in resolving this matter. He emphasized the need for proper regulation of hemp and CBD products in food and dietary supplements to provide consumers with the assurances they deserve.

This bill represents a significant step forward in the journey towards full legalization and regulation of the CBD market. If passed, it would not only provide clarity and safety for consumers but also unlock the vast economic potential of hemp and CBD industries.

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