FDA Commissioner: Regulatory Process For CBD Edibles Kicks Off With April Hearings

Food and Drug Administration Commissioner Scott Gottlieb said his agency has plans to regulate CBD edibles and will start holding public hearings on the matter as early as April.

What Happened

The FDA has taken notice of the legalization of hemp and CBD in December, Gottlieb said during a Wednesday House Appropriations Committee committee. 

The agency is assembling a team of senior officials to develop new rules and will start the process with a public hearing in April. 

Gottlieb also warned the committee that the regulations concerning CBD-infused food products will not be straightforward. As a potential pathway, Gottlieb said the FDA might regulate products with high CBD content as drugs and subject them to more stringent rules, but products with lower concentrations could be categorized as food products. 

Why It's Important

Since the legalization of hemp and hemp-derived CBD in the Farm Bill, the CBD industry has eyed the FDA's position toward the substance, as it represents an obstacle to mass-market CBD edibles from a federal standpoint.

A clear set of rules would make it easier for companies like New Age Beverages Corp NBEV to distribute their products and would eliminate the uncertainties that might prevent large retailers such as Walmart, Inc. WMT, from offering CBD products. 

Related Links:

Martha Stewart Joins Canopy Growth In Advisory Role To Develop CBD Product Line

Cannex Capital Enters CBD Market Through Pure Ratios Holdings Acquisition

Public domain photo via Wikipedia. 

Posted In: CannabisGovernmentNewsRegulationsFDAMarketsCBDediblesHempScott Gottlieb
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...