Farm Bill Hemp Provision Lights Another Supplement Industry Regulatory Priority
Bills proposing changes the supplement industry prioritized during Congress' 2017-18 session weren't written by Sen. McConnell, or other Republican leadership members, unlike hemp provision passed as part of farm bill. "When the majority leader of the Senate puts his weight behind legislation on behalf of his constituency, that makes a big difference," says Mike Greene, Council for Responsible Nutrition's government affairs chief.
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Number of hemp and CBD supplement marketers will shrink as passage of farm bill leads to industry certification as well as FDA enforcement. Firms practicing transparency are most likely to survive in a few years.
With US market of hemp- and CBD-containing supplements and food booming, likelihood is growing products made with ingredients will gain approval in the country to be marketed with consumer health indications, said consumer health business executives during a panel discussion at CHPA conference. Legalization of marijuana sales and use by some states and other countries also will influence future of CBD use in US consumer health products, they say.