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President Trump Requests Additional Funds to Regulate CBD, Hemp

Hemp and CBD would get new attention by federal agencies under a 2021 budget plan released this week by President Donald Trump.

Trump’s proposal asks for an additional $5 million next fiscal year for the U.S. Food and Drug Administration to regulate cannabis and its derivatives, including CBD.

The president also asked for more money to oversee hemp farmers.

The budget requests come shortly after legislation was introduced in the U.S. Congress to require federal food and agriculture regulators to treat hemp-derived CBD as a dietary supplement.

The FDA last May started reviewing federal regulations for hemp-derived CBD after the 2018 Farm Bill federally legalized hemp and its derivatives. The review has yet to go public.That proposal came in response to the increasing popularity of the product and the FDA’s year-long delay in developing regulations.

The $5 million boost in Trump’s budget would help advance the FDA’s regulations for products containing CBD while allowing the agency to enforce the law against making unsubstantiated medical claims about their products, the FDA said in a statement.

To Read The Rest Of This Article By Laura Drotleff on Hemp Industry Daily

Published: February 12, 2020

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