As demand for CBD products continues to grow, multiple government agencies in the United States are attempting to refine their outdated regulations.
We have big news today from both the Food and Drug Administration (FDA) and the Travel Security Administration (FDA), Bulgaria recently began to allow the free sale of CBD products, and there’s been a lot of action in Canada lately. Read on to learn more about this exciting week.
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The Cannabis Business Weekly Review
The FDA held its first public hearing to discuss CBD regulations
On Friday, May 31st, the Food and Drug Administration (FDA) met with hundreds of industry stakeholders to discuss their next step in regulating CBD-infused food items and dietary supplements. Testimony came from a number of professionals including regulators, healthcare providers, advocates, opponents, and patients/consumers, most of which emphasized the importance in creating some sort of government standards for the industry. Click here to read the full story.
Canadian government pledges $24.5 million for medical cannabis research
In 2018, Canada became the largest country to legalize recreational cannabis at the federal level. So far, legalization is going relatively well with a few of the most dominant companies in the industry coming out of Canada – some of which are publicly traded. Medical cannabis has been legal since 2001 but studies have been severely hindered by confusing regulations. Now, the Canadian government is putting millions of dollars into some much needed cannabis research. Click here to read the full story.
As part of our on-going effort to provide the best information to the Medical Cannabis industry, we have created our weekly newsletters, allowing you to keep yourself updated.
If you can’t decide which one of our detailed newsletters you want to subscribe to, we also have one that briefly covers the most important topics from each sector.
To learn more, subscribe to the CBD Testers Weekly newsletter, delivered to your inbox every Sunday at 11am EST.
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TSA updates policy to allow hemp-derived CBD on flights
Until now, travelers have been prohibited from taking CBD products on a flight – some have even been arrested for it. This made it difficult for patients who rely on cannabidiol to travel for work or even take a small vacation. Last week though, the Transportation Security Administration finally updated its archaic policy to all hemp-derived CBD products on all domestic and international flights. While this is truly progressive, many are wondering how exactly it will be enforced. Click here to read the full story.
Legal cannabis in Canada: Spotlight on provincial regulations
We’ve done some brief coverage of the different cannabis laws in each state, but what’s been going on with our neighbors to the north post-legalization? Just because it’s federally legal doesn’t mean it will be uniformly enforced across all the provinces. Many Canadians have to travel to different areas for work or personal reasons and they’ve been quite confused about what rules they need to follow in each location. Click here to read the full story.
Bulgaria makes history by becoming the first EU country to allow CBD sales
Although a bit behind the United States and even further from Canada, cannabis reform is sweeping through Europe at a moderate pace. Most of the continent is a bit conservative still, but Bulgaria just made a move that’s unprecedented even in the U.S. This Eastern European country is now the first in the Union to allow free sales of CBD products – including foodstuffs and supplements. Click here to read the full story.
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