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U.S. House of Representatives Approves Cannabis Banking Bill

by Angela Sabarese | April 26, 2021

The U.S. House of Representatives has passed legislation that would allow banks to provide services to cannabis companies in states where it is legal, a step toward removing what analysts say is a barrier to development of a national industry. Lawmakers voted 321-101 to approve the bill and send it to the Senate. The bill ...

New CBD Proposals Would Undermine Public Trust in Safety of Nutritional Supplements, NPA Says

by Nicholas Saraceno | September 15, 2020

The Natural Products Association (NPA) recently rejected new legislation introduced in the U.S. House that would allow CBD products to be used in dietary supplements. The bill, sponsored by Reps. Kurt Schrader (D-Ore.) and Morgan Griffith (R-Va.), fails to set a safe level of daily consumption and would do more to undermine public trust in the safety ...

Virginia Becomes First State to Regulate CBD as a Food Product

by Nicholas Saraceno | April 27, 2020

Virginia became the first state in the nation to pass legislation regulating CBD as a food product, according to the Natural Products Association (NPA). NPA President and CEO Daniel Fabricant, PhD, offered to meet with Virginia Gov. Ralph Northam to discuss CBD regulations, and work with his administration to protect consumers. NPA’s letter to Gov. Northam can ...

FDA Fails to Deliver Congressionally Mandated Report on CBD Regulations

by Nicholas Saraceno | February 25, 2020

The U.S. Food and Drug Administration (FDA) failed to meet its deadline to provide a Congressionally mandated report on how it plans to regulate CBD. Congress instructed the FDA in last year’s spending bill to adopt an enforcement discretion policy within 120 days and provide an update of its progress after 60 days. The agency’s first report ...

Trump Requests $5 Million for CBD Regulation

by Nicholas Saraceno | February 11, 2020

President Trump requested $5 million to regulate the CBD industry in its new FY2021 budget. Specifically, the request would “allow the Food and Drug Administration (FDA) to continue enforcing the law to protect patients and the public while also providing potential regulatory pathways … for products containing cannabis and cannabis-derived compounds.” “This is a step ...

Farm Bill Approved by House Allows SNAP Recipients to Purchase Supplements

by Nicholas Saraceno | June 25, 2018

The U.S. House of Representatives on June 21 approved a massive Republican Farm Bill with changes to the government food stamps program that make it unlikely to become law in this form, according to Reuters. The Senate is considering its own Farm Bill with no major changes to the Supplemental Nutrition Assistance Program (SNAP) used ...

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