Anyone hoping for an imminent Food and Drug Administration regulatory framework for CBD in beverages, food, dietary supplements, and other products had their hopes dampened by a report the FDA submitted to Congress last week. The bottom line is that the FDA doesn’t have nearly enough research to even contemplate a regulatory framework. And it’s just now developing “an action plan” to evaluate the legality of products currently being sold containing CBD. “FDA continues to be concerned about the potential safety risks of using CBD and about problems related to […]
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After decades of prohibition, the 2018 Farm Bill removed industrial hemp from the list of federally restricted substances. Now that hemp crops are legal in most states, numerous industries are recognizing the considerable environmental and economic benefits. Fueled by consumer enthusiasm for hemp seed protein, hypoallergenic hemp fabrics, biodegradable hemp plastics, and hemp CBD products, the hemp industry is expected to generate as much as $22 billion by 2022. That translates to numerous investment opportunities, tens of thousands of jobs across multiple industries, and significant benefits for Wisconsin communities. Local Support for Wisconsin’s Growing Hemp […]
It’s been eight months since the 2018 Farm Bill passed, which legalized the production of industrial hemp, and already, the market has changed considerably. The supply of and demand for industrial hemp skyrocketed thanks to a booming cultivation market, and now, hemp-derived CBD products appear on store shelves across the country – from cannabis dispensaries and smoke shops to supermarkets, big-box stores, and even gas stations. Today, the demand for hemp-derived CBD products and other hemp products continues to grow as does the number of growers, processors, and other license holders. […]