Chuck Schumer Urges FDA To Quickly Issue CBD Rules

Senate Minority Leader Chuck Schumer (D-NY) says he wants the Food and Drug Administration (FDA) to expediently issue guidance so that hemp-derived CBD can be lawfully marketed. In a press call on Wednesday, the senator said that the lack of regulatory clarity is inhibiting the growth of a burgeoning market, noting that while hemp and its derivatives were federally legalized through the 2018 Farm Bill, FDA has yet to release rules allowing CBD products to be sold. Most hemp farmers in upstate New York are producing cannabidiol, he said. He referenced a letter that he and several other senators sent to FDA Acting Commissioner Ned Sharpless earlier this month, which asked the official to provide “an outline of your agency’s current plans for a specific regulatory framework related to CBD along with a timeline for when comprehensive enforcement policies for CBD products will be finalized and implemented” within 90 days. “CBD is brimming with potential to be a billion dollar industry across New York State, bringing along countless jobs and truly meaningful economic development with it,” Schumer said in a press release. “But before that can happen, farmers, growers, producers, consumers and vendors need to know exactly what the rules…

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Source : MJ moment
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