420 with CNW – Congressional Bill Seeks to Allow CBD and Other Hemp Ingredients to Be Sold as Supplements

The MarketWatch News Department was not involved in the creation of this content. Sep 11,…

420 with CNW – Congressional Bill Seeks to Allow CBD and Other Hemp Ingredients to Be Sold as Supplements

The MarketWatch News Department was not involved in the creation of this content.

Sep 11, 2020 (NetworkNewsWire via COMTEX) —
Two congressmen have introduced a bill that would allow CBD and other hemp extracts to be marketed and sold as dietary supplements. Sponsored by Reps. Kurt Schrader and Morgan Griffith, the bipartisan legislation would make it clear that Congress intends on making federally regulated CBD and other hemp products available to American consumers. Although industrial hemp and its extracts were legalized in December 2018, the nascent industry lacks a national regulatory framework. The new bill seeks to clear the legal confusion around CBD and allow licensed retailers to sell CBD products.

“Hemp was historically an important crop for Virginia farmers, and dietary supplements made from it do not possess dangerous addictive qualities. Nevertheless, the current state of regulation creates confusion about its legal uses,” said Rep. Griffith in a press…

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COMTEX_371127922/2557/2020-09-11T08:41:36

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The MarketWatch News Department was not involved in the creation of this content.