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Humaniston May 22, 2021 7:51am
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US CONGRESS INTRODUCED 2 BILL (1 FOR FDA CBD & 1 TO LEGALIZE
US CONGRESS INTRODUCED 2 BILL (1 FOR FDA CBD & 1 TO LEGALIZEU.S. politicians aim to get FDA to regulate CBD products, legalize cannabis A new bipartisan bill introduced in the U.S. Senate last week aims to get CBD products used in consumable products like foods, drinks and dietary supplements officially regulated by the U.S. Food and Drug Administration, Marijuana Moment reports.
The cannabis news site said the bill may create new labelling and packaging requirements for CBD products and comes as the FDA has been rather slow in announcing its own regulations for CBD and other hemp-based food products.
Cowen & Co. Analyst Eric Assaraf wrote in a report that the bill likely still faces an uphill climb in Congress, but it should be viewed positively considering FDA's inaction on CBD regulations. Meanwhile, in other U.S. cannabis legalization news,
Marijuana Moment reports another U.S. Congressman plans to announce a new bill to federally legalize marijuana and promote social equity in the industry as early as next week. https://www.bnnbloomberg.ca/cannabis-canada-weekly-tilray-s-irwin-simon-profile-canadians-buy-nearly-300m-of-pot-in-march-1.1607088