We submit the following news items and perspectives of interest, including follow up from the November 25 FDA warning letters and revised Consumer Update on CBD, federal banking guidance and a CBD bust in Iowa.
Follow up from Nov. 25 FDA warning letters …
FDA ups the ante in its war against CBD
FDA released a new consumer guidance document on cannabidiol (CBD) that “raises significant concerns” among the hemp CBD industry because the FDA undersells its benefits and overstates the risks, according to CBD backers. The agency released the guidance in conjunction with warning letters and an explicit position that CBD is a drug only, and illegal for use in foods, beverages, supplements and animal products.
FDA issues a stern warning on CBD but does it signal a change in approach?
While penning 15 warning letters on CBD in one day attracted a lot of media attention, does it signal a change I enforcement priorities for the agency, which has repeatedly warned that cannabidiol is not permitted in food and supplements, but to date has only cracked down on a handful of brand making egregious disease claims?
CBD disease claims cast a dark shadow over rule followers
Sources in the hemp industry suggested CBD disease claims undermine the efforts of responsible companies to establish credibility with consumers, lawmakers and regulators.
Link to FDA’s revised CBD Consumer Update: well worth a read if you haven’t already
Revised voluntary hemp guidelines set to take effect
Revised guidelines adopted by the U.S. Hemp Authority will take effect in January 2020, marking another effort by the nascent but fast-growing industry to establish credibility with the public through a certification program headed into its second year.
Federal agencies issues hemp banking guidance
Federal agencies on Tuesday issued guidance, saying banks no longer must file suspicious activity reports (SARs) for customers "solely because they are" growing or cultivating hemp consistent with applicable laws and regulations.
CBD bust in Iowa …
Iowa retailer arrested for selling CBD
A Des Moines woman was arrested late last week after police said she sold illegal cannabidiol (CBD) products in her stores, according to KCCI Des Moines. The arrest took place at Your CBD Store in Ankeny, which is part of a national chain of CBD stores selling hemp oils, edibles, and drops.
The marketplace …
Results from largest publicly held cannabis company underpin meteoric growth projections for CBD sector
Publicly held CBD companies have now been in business long enough to report comparative financial results which back up the common perception that sales in the sector continue to boom.
What will it take for the hemp/CBD industry to succeed?
It might be the biggest natural product in the history of natural products, but hemp CBD still needs some growing up before it becomes a mature, responsible industry.
Can transparency badge make CBD more transparent?
That problems with purity and potency in CBD products haven't gotten much notice from consumers doesn't mean those problems aren't going to emerge as an issue. Matthew Kind talks about CannaInsider's Transparency Badge as one solution.
Supply chain issues are key consideration in the CBD market
When sourcing hemp extract, it is imperative for brands to know the source, understand the type of extract being purchased and ensure the extraction company is transparent.
Vitafusion enters CBD market
Church & Dwight’s Vitafusion brand of gummy vitamins has introduced three new products featuring CBD derived from full-spectrum hemp extract and other natural phytocannabinoids.
Senator talks about personal experience with CBD oil
Federal regulation of CBD products briefly became the focus of a Senate confirmation hearing, as senators questioned Trump’s nominee to lead the Food and Drug Administration, when Sen Pat Roberts, R-Kan., described his own experience with the unregulated market for the hemp-derived product.