The current administration in the White House, led by Donald Trump, has helped deregulate more industries then nearly any presidential cabinet in history. One of these has been the CBD and hemp industry.
Now manufacturers can produce CBD containing products and sell them legally in the United States. However, even though it is no longer illegal, there are still proponents from within the industry that would like further legislative action to regulate the new industry.
Potential Implications of Legislative Changes in the CBD Industry
The most recent piece of legislation that was passed was in 2018. This allowed for the production of hemp plants that contained lower than 0.3% THC by weight.
These plants are used to harvest CBD, a popular cannabinoid compound from within the plant’s leaves. Products containing this compound have been marketed as a potential supplement to help relieve people from anxiety and pain. Scientific evidence does seem to lend some support for these claims too.
Unregulated Products Pose a Danger for Consumers
When you walk into the store and buy some Melatonin Gummies, You can be confident that it contains what is on the label.
That is because the food and drug administration ensures that anyone who is marketing health supplements can only sell supplements that contain the ingredients listed. However, only certain products are required to abide by these rules. Because of the recent legalization of CBD, they have not been added to the list of products that must meet these requirements. That has led to some manufacturers creating CBD containing products without actually including any CBD inside of them.
The only way for us to get past this kind of problem is to add additional legislation and increase the data reporting requirements from CBD product manufacturers.
Cbd and Hemp
Hemp is a type of marijuana plant that contains lower than 0.3% THC by weight. It is considered a legal plant for cultivation, and it is useful in various applications.
The most popular application is as a source of the cannabinoid compound CBD. The recent legalization of this industry has led to a proliferation of new products that consumers have been loving.
New companies are entering the industry in record numbers, and this has led to a competition between manufacturers to see who can provide customers with the lowest prices.
Regulate CBD The Same as Other Supplements
Manufacturers of these compounds believe that it would be beneficial for the industry if the White House administration would pass some additional legislation that limited white was allowed to be sold as a CBD containing product.
Proponents from within the industry believe that it is essential for the products sold to be subject to the same standards of scrutiny as other major health supplements. There is no reason that omega-3 fish oil should be under more scrutiny than CBD containing products.
What If There is no Changes Are Made?
If no changes are made in consumers will need to exercise extra caution whenever they evaluate the veracity of any claims made by a manufacturer of CBD containing products.
It will be impossible for them to honestly know without expensive lab equipment, whether the products they purchase contain the ingredients listed.
Final Thoughts About The Potential For New CBD Legislation
The CBD industry is one of the most quickly growing industries in the entire economy. We need to regulate this quickly growing industry to provide prosperity for the long term. If consumers lose trust in the industry, then they will lose interest in the products.