What's Happening?
A new bipartisan bill, the Hemp Enforcement, Modernization and Protection (HEMP) Act, has been introduced by Rep. Morgan Griffith (R-Virginia) and Rep. Marc Veasey (D-Texas) to establish a regulatory framework for hemp-derived THC products. This legislation
aims to authorize the Food and Drug Administration (FDA) to regulate products such as beverages and edibles made with cannabidiol (CBD). The bill focuses solely on hemp-derived products, not cannabis, and seeks to create a sustainable future for American hemp products. Industry advocates, including the Coalition for Adult Beverage Alternatives, support the bill, viewing it as a foundation for regulatory certainty and consumer protection. However, the U.S. Hemp Roundtable emphasizes the need for a two-year extension on the current ban before a regulatory framework can be effectively drafted.
Why It's Important?
The introduction of the HEMP Act is significant as it represents a step towards establishing a federal regulatory framework for hemp-derived THC products, which have been growing in popularity. This move could provide much-needed clarity and stability for businesses operating in the hemp industry, potentially fostering innovation and consumer safety. The regulation of these products is crucial to prevent the growth of an illicit market, similar to what has been seen with unregulated vape products. By setting clear guidelines, the bill could help ensure that hemp-derived products are sold legally and responsibly, benefiting both consumers and retailers.
What's Next?
The next steps involve securing a two-year extension on the current hemp-THC ban to allow time for the development of a comprehensive regulatory framework. The FDA will need to initiate a rulemaking process to establish milligram limits on hemp-derived THC products. If the FDA does not release a final rule within three years, federal law will automatically impose a 5-milligram limit per serving and a 30-milligram limit per package. Stakeholders in the hemp industry will likely continue to engage with policymakers to refine and strengthen the proposed regulations.
