CWBHF - Balancing Between FDA Concerns And Industry Stability: CBD Industry Veterans Launch Alliance | Benzinga
A historic alliance of top cannabidiol (CBD) companies advocating for legislation and FDA regulation of hemp-derived CBD products as dietary supplements launched Tuesday. The alliance, ONE HEMP, includes some of the biggest names in the space, like Charlotte’s Web (OTCQX: CWBHF), but also BayMedica, Brands, FSOil, Hemp Beverage Alliance, Kazmira, MAD TASTY, Open Book Extracts and Wyld.
"This coalition has and will continue to offer Congress science-backed policy solutions, including an FDA mandate to regulate hemp-derived products through the existing regulatory framework for dietary supplements,” stated Kelly D. Fair, strategic advisor to ONE HEMP, Dentons U.S. Cannabis and Hemp Group Partner. She is also the organizer of ONE HEMP’s RFI submission. "ONE HEMP advocates for industry requirements to disclose hemp-derived product warning statements addressing the FDA's public risk concerns and product safety and non-impairment recognition at certain dose levels based on credible scientific data,” Fair added.
The coalition was formed as a direct response to the collaborative process outlined by the FDA in January and the bipartisan, bicameral Request for Information (RFI) ...