Here is another version of Josh Long’s article — this has additional quotes and explains things very well right from the very beginning of the article:
Key Excerpt:
Legislation was unveiled Jan. 13 in the U.S. House of Representatives to allow hemp-based CBD to be marketed in dietary supplements and conventional food.
House Bill 5587 would:
include hemp-derived CBD in the definition of a dietary supplement;
create an exception for CBD to a “prohibited act” in Section 301(ll) of the Federal Food, Drug & Cosmetic Act (FDCA), which essentially bars the introduction of a food first studied as a drug; and
require the Agriculture Secretary, “in consultation with other relevant federal and state agencies,” to “complete a study on the market and regulatory barriers for producers operating under the domestic hemp production program specified” in USDA regulations.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.