CBD might show the farmers and business dealers some shiny days in Oregon. As the appropriations bills get ready to be shown at the senate, a research funding on CBD has been proposed to the tune of $2 million. The research will help several farmers to determine if they should grow the crop or not. The funding is requested to get a clearer picture of CBD so that it can lead these people to further their business. Hemp is stated to be a million-dollar crop for Oregon farmers this year.
CBD or cannabidiol is extracted from the hemp plant. The hemp plant and marijuana are derived from the mother plant called Cannabis Sativa. The hemp plant produces CBD which has less than 0.3% of THC. On the other hand, marijuana which is the heredity brother of CBD has higher levels of THC. This implies that the psychoactive compound that alters the mind is found in marijuana. CBD does not have any psychoactive compound and also is anti-inflammatory. This is primarily the reason why CBD has gained in popularity so much that many industries are now using CBD oil in its products.
Senator Jeff Merkley announced in a press conference that he wanted funding to be drawn towards CBD research. Not just for research but he also believed funding is required in the case of analysis of the market, policy analysis. This was needed on an urgent basis so that FDA could put in regulations to standardize CBD.
There is a lot of confusion in the market about CBD. Several products like shampoos, gummies, lotions and medicines have CBD components in them. The Associated Press had recently released a report wherein they tested a few products that claimed to have CBD in them. Upon testing they discovered that many products did not have any trace of CBD and the result was blended in illegal artificial marijuana.
The worst is that for such products the information label containing details also has not mentioned anything per se. These products disguise themselves as CBD products and present them in the market. Vaping products are a big example wherein people buy cheap and illegal products containing cheap marijuana and end up in the hospital.
Merkley wants to address this issue and that is primarily the reason why he is requesting the funding. He believes that many companies do not want the FDA to intervene by catching hold of illegally labelled products. But the need of the hour is that such products are discovered and discarded.
Many people also do not want the FDA to target those products where any claims are made. But with the funding, every product containing CBD will be researched. This will not just boost people’s confidence about CBD but also will give it a clean chit for future growth.
Hemp farmers are very keen that the research takes place and that is why they are seeking the help of the Department of Agriculture to come with a consistent method to test for THC in their crops. Though the farm bill in 2018 legalised hemp, yet if the crop has more than 0.3% of THC, it will automatically be considered in the category of marijuana. The federal law has laid down strict principles on every aspect concerning CBD and Marijuana.
Merkley also backs the farmer’s call for a standardized testing methodology. He believes that the type of tests used and the time of the test done plays quite a lot of influence on the results of the test. Hence the need for regulation is important and consistency in the pattern of tests also holds prime importance.
CBD also has made quite an impact in the health care industry. There have been many cases where CBD oil has been found effective in treating symptoms of epilepsy and seizures. A lot of patients suffering from excruciating joint pains and accident injuries also have vouched that they have gotten better. CBD has proven its mettle in several illnesses like cancer and Alzheimer’s. Several patients who have suffered from emotional issues like depression, stress and anxiety have truly benefited from CBD.
Many countries have different laws for CBD and within the USA; the states vary in terms of their stand on CBD. The federal government is playing safe with CBD because of the sensitivity attached to the issue. The need for research is absolute and in future several studies will be taken to establish its use.