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Jonathan Miller on CBD Legalization in Economic Stimulus Bill

Breadcrumb #8: Jonathan Miller April 8th 2020

Mr. Miller is the head of the U.S. Hemp Roundtable and the only person who predicted (in November 2019) that legislation for CBD Legalization in Foods and Supplements would be filed

In January 2020, HR 5587, which would legalize Pure CBD in Foods, Beverages and Dietary Supplements, was filed

It currently has bipartisan support and 10 cosponsors:

https://www.congress.gov/bill/116th-congress/house-bill/5587/cosponsors?r=2&s=1&searchResultViewType=expanded&KWICView=false


On April 8th 2020, Jonathan Miller announced that there will be a strong push to include CBD Legalization in Foods/Beverages/Supplements, along with Hemp Banking, in an amendment (bypassing the need for committee and floor votes) to the Phase Four Covid-19 Economic Stimulus Bill

12:30-17:10 provides the most important information and is well worth a listen

From 15:15-15:53 Mr. Miller states the real crux of this situation:

“FDA relief for our industry directly deals with the economic recovery from this Covid-19 crisis.
If we can get FDA relief, it will unleash the CBD business, allow for sales of many more products without this cloud, we think the big box stores will allow these sales.
We think Cola companies and other big food companies will want to put CBD in their products, which most importantly creates new markets for hemp farmers.
We are really hopeful that Congress will agree that this is part of the economic recovery and that they will have an amendment to the Stimulus Four package to require the FDA to regulate CBD and to unleash this industry and the economic boost to the economy that would happen.”

https://www.facebook.com/2043552242529673/videos/517338882233397/


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