This is just a glimpse. Want to receive every issue of Cannabis Wire Daily, our newsletter that is sent to subscribers each weekday morning, and unlimited access to cannabiswire.com? Subscribe today. UK food regulators issue “precautionary advice” on CBD, cutting suggested limit to 10 mg/day. The Food Standards Agency (FSA) and its Scottish equivalent have issued “precautionary advice” on CBD, suggesting
The post UK regulators update CBD guidance • ABA consumer survey finds support for cannabis banking • Federal Reserve Bank of Kansas City assesses legalizations costs, benefits • & more … appeared first on Cannabis Wire.
This is just a glimpse. Want to receive every issue of Cannabis Wire Daily, our newsletter that is sent to subscribers each weekday morning, and unlimited access to cannabiswire.com?
UK food regulators issue “precautionary advice” on CBD, cutting suggested limit to 10 mg/day.
The Food Standards Agency (FSA) and its Scottish equivalent have issued “precautionary advice” on CBD, suggesting that adults “limit” their consumption to 10 mg of 5% CBD oil a day.
The shift in advice is the result of “new evidence from the industry and updated advice from our independent scientific committee,” published last week. The FSA published consumer advice in February 2020 which recommended that otherwise healthy adults not consume more than 70mg of CBD per day.
This level was based on limited evidence where CBD was studied as a medicine, and where the dosage is determined by balancing the benefit of the drug with the potential side-effects.
“Since this initial advice, we have asked the CBD industry through the public list and our novel foods process to provide data specific to CBD use in food as part of the safety assessment the FSA and FSS are conducting on these products,” the FSA noted in an announcement. “Our updated advice is based on the review of this evidence by our independent scientific committees. Our proactive work with the CBD industry has allowed us to carry out this assessment.”
FSA officials noted, for example, concerns over long-term CBD consumption in their statements about the change.
“We understand that this change to our advice will have implications for products currently on the market that contain more than 10mg of CBD per serving. We will be working closely with industry to minimise the risk, to ensure consumers are not exposed to potentially harmful levels of CBD,” Emily Miles, CEO of the Food Standards Agency, said in a statement.
ABA consumer survey finds support for cannabis banking.
The American Bankers Association released the results of a national consumer survey of roughly 2,200 adults last week at its annual convention in Nashville.
One question asked about cannabis banking: “Do you support or oppose Congress passing legislation that allows cannabis businesses to have access to banking services and financial products (like checking accounts and business loans) in states where cannabis is legal?”
In response, 55% said they either “somewhat” or “strongly” support it, while 23% said “somewhat” or “strongly” oppose it. The others had no opinion.
“In the wake of the recent Senate Banking Committee vote to advance the SAFER Banking Act, this new data indicates that Americans believe Congress should end the ongoing conflict between state and federal law on cannabis banking issues by passing this urgently needed, bipartisan legislation that will enhance public safety,” said Rob Nichols, ABA president and CEO.
Federal Reserve Bank of Kansas City assesses legalizations costs, benefits.
In a new research paper, titled Economic Benefits and Social Costs of Legalizing Recreational Marijuana, three authors widen the scope of the Federal Reserve Bank of Kansas City when it comes to cannabis.
Previous cannabis-related work out of the entity focused on its district, which includes Denver, OklahomaCity, and Omaha. But this latest output looks more broadly at adult use markets.
The broad takeaway: “Post-legalization, average state income grew by 3 percent, house prices by 6 percent, and population by 2 percent. However, substance use disorders, chronic homelessness, and arrests increased by 17, 35, and 13 percent, respectively. Although some of our estimates are noisy, our findings suggest that the economic benefits of legalization are broadly distributed, while the social costs may be more concentrated among individuals who use marijuana heavily. States that legalized early experienced similar social costs but larger economic gains, implying a potential first-mover advantage.”
It’s worth noting, however, that some of these gains and costs cannot be directly linked to legalization just because they were changes observed after legalization.
The post UK regulators update CBD guidance • ABA consumer survey finds support for cannabis banking • Federal Reserve Bank of Kansas City assesses legalizations costs, benefits • & more … appeared first on Cannabis Wire.
Cannabis Wire