An Entrepreneur’s Guide By Mark Goldfogel In December of 2018, the U.S. Government legalized hemp; joining China, France, Great Britain and most of the developed world in recognizing that rope is not dope. This ended a prohibition on hemp dating back to 1937 and foretells the end of marijuana prohibition. To date, the dope or […]
2018 Farm Bill
Market Confusion on CBD and Hemp; FDA Commissioner Resigns amid Congressional Pressure for Federal Guidance
By Ian Stewart & Neil Willner The Commissioner of the Food and Drug Administration (FDA), Scott Gottlieb MD, who has received high marks for his leadership of the agency since May 2017, announced his resignation on March 5, 2019, stating that he wants to spend more time with his family. His resignation came only days following […]
Federal Courts Are Split on the Legality of Transporting Hemp and CBD in Interstate Commerce
By Ian Stewart When the 2018 Farm Bill was signed by President Trump on December 20, 2018, there was widespread optimism that hemp and hemp-derived products, including cannabidiol (CBD), soon would be freely moving in interstate commerce without interference by state and local authorities. That optimism may have been premature. State and local governments across […]
FDA Updates its Position on CBD upon Signing of Farm Bill
Hours after President Trump signed the 2018 Farm Bill into law, the FDA released a lengthy statement from its commissioner, Scott Gottlieb, M.D., updating its position on CBD products intended for human consumption. Flexing its muscle, the FDA points out that the Farm Bill “explicitly preserved the agency’s current authority to regulate products containing cannabis […]
New Law Removes Major Barrier for Hemp-based CBD Industry
By Rebecca Gwilt On December 12, 2018, Congress passed the 2018 Farm Bill (The “Agriculture Improvement Act of 2018” or the “Bill”), which includes provisions that exempt Cannabis plants with lower than 0.3% THC content (also called “Hemp”) from the Controlled Substances Act (CSA). Once signed into law, the Farm Bill effectively legalizes the production, […]
Will the FDA/DEA Epidiolex Rulings and the 2018 Farm Bill Change the Industry?
In late June 2018, the Food and Drug Administration announced approval for a new medication that could potentially change the way the world views cannabis. Epidiolex is a CBD-based oral solution that is prescribed to treat two forms of rare epilepsy. Patients who suffer from Dravet syndrome, as well as Lennox-Gastaut syndrome, may find that […]
