FDA Inaction Concerning CBD Is Devastating the Hemp Market - Nothingbuthemp
Industry experts cite the agency's refusal to establish regulatory guidelines for CBD as the leading cause for the sharp decrease in hemp cultivation and product manufacturing. According to a new study released by the U.S. Dept. of Agriculture (USDA), all is not well in the world of hemp. As first reported by Marijuana Moment , the USDA's National Hemp Report shows substantial decreases in the value and cultivation of hemp across every measurable metric analyzed for 2022. Much of the blame for the dramatic contraction in the industry is being laid at the feet of the Food and Drug Administration (FDA). Earlier this year, FDA officials released a statement saying that it would no longer be regulating products containing the hemp-derived cannabinoid CBD due to a lack of "credible scientific data" concerning the safety of CBD products. Without that critical information, FDA said it would be unable to create health and safety guidelines for products containing the p...