Congress on 02/04/2021 introduced a bill called H.R.841 – Hemp and Hemp Derived CBD Consumer Protection and Market Stabilization Act of 2021 to make hemp, cannabidiol derived from hemp, and any other ingredient derived from hemp lawful for use under the Federal Food, Drug, and Cosmetic Act as a dietary ingredient in a dietary supplement, and for other purposes.
What Does H.R.841 Bill Say In It Exactly
You can read a copy of the 841 H.R. Bill (click here).
• To make hemp, cannabidiol derived from hemp, and any other ingredient derived from hemp lawful for use under the Federal Food, Drug, and Cosmetic Act as a dietary ingredient in a dietary supplement, and for other purposes.
• Beginning on the date that is 90 days after the date of enactment of this Act, not with standing section 201(ff)(3)(B) of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321(ff)(3)(B)), hemp, cannabidiol derived from hemp, and any other ingredient derived from hemp shall be lawful for use under the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 301 et 14 seq.) as a dietary ingredient in a dietary supplement, provided that such dietary supplement complies with –
(1) the requirements for a dietary supplement which contains a new dietary ingredient in section 413 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 350b); and
(2) all other applicable requirements for a dietary supplement in the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 301 et seq.) and the Fair Packaging and Labeling Act (15 U.S.C. 1451 et seq.).
What Would The Bill Do For The Hemp Industry
H. R. 841 would ensure that hemp-derived CBD, and other non-intoxicating hemp ingredients, could be lawfully marketed as dietary supplements. This would also require CBD products and hemp extract product manufacturers to comply with the entire existing comprehensive regulatory framework for dietary supplements, which ensures that the products are deemed safe, properly labeled and prepared utilizing Good Manufacturing Practices. Failing to establish a regulatory pathway for legalizing hemp-derived CBD will continue to reduce economic opportunity for U.S. hemp farmers and deny consumers access to safe, quality products. H.R. 841 would help stabilize the hemp markets, open up a promising economic opportunity for U.S. agriculture and honor the commitment made to growers in the 2018 Farm Bill.
What Would The Bill Do For Hemp Farmers, Cultivators, Growers, etc
Once FDA does legally recognize and regulate CBD products, the hemp industry can provide a needed financial jolt to a nation emerging through economic recovery. Regulatory relief for the hemp-derived CBD industry constitutes an economic stimulus package for the nation’s farmers and small businesses without requiring one dime from the American taxpayer. Independent surveys predict that with a regulatory pathway, sales of CBD products would grow from approximately $1.2 billion in 2019 to anywhere from $10.3 billion to $16.8 billion market by 2025.
How Can You Help The H.R. 841 Bill Cause For Pushing It Through to Congress
There is one non-profit organization that has aligned themselves with the H.R. 841 to help us hemp farmers, growers, cultivators – U.S. Hemp Roundtable. They are backing the H.R. 841, which would create a regulatory framework for Hemp & CBD federally. With this piece of legislation that consumer confidence can grow to create an economic boom for hemp farmers, businesses, & consumers alike.
U.S. Hemp Roundtable
Name: Kerry Hinkle
Company: U.S. Hemp Roundtable
Congress Contact (to sign on as a Co-Sponsor)
Name: Chris Huckleberry
Position: Chief of Staff at Office of Congressman Kurt Schrader (OR-05)
Name: Emily Mace
Position: Senior Policy Advisor & Counsel at United States House of Representatives