GOP Rep. Blasts FDA Over CBD Inaction During Historic Hearing: The Agency Wants More Money To Do Its Job
Portfolio Pulse from Nina Zdinjak
The U.S. Food and Drug Administration (FDA) has been criticized by Congress for its inaction on regulating CBD products. GOP representative Lisa McClain accused the FDA of asking for more resources before fulfilling its duties. The FDA had previously announced that it needs a new regulatory framework for hemp and CBD. The hearing followed the reintroduction of the Hemp Access and Consumer Safety Act by a bipartisan group of lawmakers, which aims to secure the FDA's regulation of hemp-derived CBD products. The FDA has approved Jazz Pharmaceuticals' Epidiolex, a CBD-based drug for treating severe forms of epilepsy.

July 28, 2023 | 1:53 pm
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Jazz Pharmaceuticals' CBD-based drug, Epidiolex, has been approved by the FDA for treating severe forms of epilepsy. The company could be impacted by the ongoing debate over the regulation of CBD products.
The ongoing debate over the regulation of CBD products could potentially impact Jazz Pharmaceuticals, as the company has a CBD-based drug that has been approved by the FDA. However, the exact impact is uncertain at this time.
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