The FDA could take years to settle its official position on CBD including any formal regulations limiting production and sale, according to Ecofibre’s chief science officer Alex Capano, leaving consumers with few assurances about product quality in the meantime.
The worldwide growing hemp industry meets every year in Cologne for the “EIHA Hemp Conference”, which is organized by the nova-institute in cooperation with the European Industrial Hemp Association (www.eiha.org), with about 150 members from all areas of industrial hemp use.
On Monday night US Congress passed a version of the 2018 Farm Bill that includes a major win for industrial hemp growers and CBD products companies.
The legislation defines hemp as a regular agricultural crop and a cannabis sativa plant that contains 0.3% or less of THC, the compound responsible for the “high” associated with cannabis.
Middle market businesses holder Compass Diversified Holdings (“CODI”) announced earlier this week that it will acquire Fresh Hemp Foods, which operates under the brand name Manitoba Harvest. Subject to usual closing requirements, the deal is set to be finalized within the next 45 days.