On 19 June 2019, a statement was released by the Deputy Commissioner of the U.S. Food and Drug Administration (FDA), Dr. Amy Abernethy, and Principal Associate Commissioner for Policy, Lowell Schiller, (who co-chaired the CBD working group of FDA) which underscored the commitment of FDA to solid, science-based regulatory policies on cannabidiol or CBD.
The statement followed the public hearing of the FDA that was held on 31 May 2019, where the agency discussed various aspects of legalizing CBD infused edibles with various industry leaders, business executives, consumers, retailers, manufacturers and many others. The meeting also discussed about the safety, quality, marketing, sale and labelling of CBD infused products or cannabis-derived compounds.
The statement reiterates the position of the Food and Drug Administration regarding CBD infused food supplements. It states that products containing CBD will be treated just like other substances, given that appropriate regulatory authorities will be applied on them.
As such it is currently legal to cultivate, process, sell and market CBD as per the federal government. Each unit of a CBD product can have a maximum of 0.3% THC, tetrahydro cannabinoid, a compound found in cannabis plants that is responsible for causing the “high” in users when they smoke marijuana.
The FDA admits that it is aware of the considerable inclination of the public towards CBD products including dietary supplements, cosmetic, skin care and pet products. The agency is committed to learning from stakeholders and evaluating regulatory frameworks for medicinal and non-drug usage of CBD and its derived products.
The agency is calling out for written comments from the public on the public docket, which will remain open until 16 July 2019. The results of the meeting held in May are yet to be declared. It is estimated that the agency will take action by the end of 2019.
Till then, consumers and retailers will stay in the grey area – wondering whether it is legal to use and sell CBD products or not. Though the federal government has allowed hemp derived CBD products, many state enforcement are holding their decisions with respect to the subject.
This has created a huge confusion across the entire nation where citizens are getting arrested for carrying CBD oil. Some states have followed the lead of the federal government and is allowing residents to carry CBD products, given it falls under the legal category.
CBD has acclaimed its status due to his high potential and gamut of health benefits. Many people have found it to be effective in reducing stress, anxiety, depression, increasing memory retention and treating other mental health disorders like Alzheimer’s and epilepsy.
The FDA allows only one CBD based drug for medicinal purposes named Epidiolex, a drug that is used to treat two rare forms of epilepsy in children. Many children have benefitted from this medicine. People are now using CBD instead of prescription drugs and medicines because it is highly effective.
Opioid addiction was one of the biggest problems of America in the last few decades which seemed to be uncontrollable even after taking requisite measures by the law enforcement. The legality of CBD has brought relief in this segment as well. People have started relying on CBD for improving their sleeping patterns and found it to be more efficient and effective than prescription based opioids.
CBD is not only available in form of medical drugs but is now widely being infused in ample of products. Ranging from skin care to beauty to dietary supplements, CBD is now present in lip balms, oils, tinctures, creams, topicals, drinks like beer, mocktails, edibles such as burgers, pizza, popcorn and other products.
Celebs like Kim Kardashian West, Kristen Bell, Emma Roberts and Whitney Ports have shared their personal experience with CBD based products. The beauty mogul, Kim K even celebrated her fourth son’s baby shower with a CBD themed party.
According to a report by Jeffries, CBD or cannabidiol is predicted to grab hold of 15% of the $167 billion skin care industry in the coming years. An analyst at Jeffries, Stephanie Wissink said that the sudden boom in the CBD industry is due to the increasing interest of consumers in wellness, health, beauty and nutrition using natural supplements such as CBD. Legalization of CBD has indeed created a buzz all around the cannabidiol industry.
Cannabidiol is spreading across all the verticals creating a high demand for its products. It is one of the hottest ingredients in the global market currently.