The FDA said on December 20 it will consider creating new policy regarding the marketing and sale of cannabis after President Donald Trump signed the Farm Bill, which legalized commercial production of hemp in the U.S.
The FDA said in a statement that it hopes to make more efficient “pathways” for companies to introduce and market cannabis and cannabis-derived products, including cannabidiol (CBD) into interstate commerce.
“We recognize the potential opportunities that cannabis or cannabis-derived compounds could offer and acknowledge the significant interest in these possibilities,” FDA Commissioner Scott Gottlieb said in the statement, adding that the agency will hold a public meeting to gather input.
Hemp is a type of cannabis plant with no or extremely low concentrations of the psychoactive compound known as THC, the ingredient in marijuana associated with “high” feelings.
The Farm Bill removed hemp from the Controlled Substances Act, allowing for its commercial production in the U.S., as long as those plants contain no more than 0.3 percent of THC.
“I think it’s really a game changer,” Joshua Horn, a cannabis industry lawyer, told CNBC. “The significance is now you have some aspect of the cannabis world legalized on a federal basis.”| | | Next → | Single Page