Synthetic Cannabinoids Could Be Federally Banned Under New Senate Bill To Regulate Hemp-Derived Products
Portfolio Pulse from Patricio Liddle
The Cannabinoid Safety and Regulation Act (CSRA) introduced by Senator Ron Wyden aims to establish federal regulations for hemp-derived cannabinoids, including a ban on synthetic cannabinoids like Delta-8 THC. The bill proposes age restrictions, safety testing, and labeling standards, with the FDA overseeing compliance. The legislation has support from industry groups and companies like Flora Growth Corp. (NASDAQ:FLGC), but faces potential delays and backlash in Congress.
September 27, 2024 | 3:16 pm
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Flora Growth Corp. supports the CSRA, which aims to regulate hemp-derived cannabinoids and ban synthetic ones like Delta-8 THC. This could create a robust legal pathway for Flora to deliver safe, high-quality products, impacting their market strategy.
Flora Growth Corp. supports the CSRA, which aligns with their business model of delivering safe, regulated cannabinoid products. The bill's passage could enhance Flora's market position by establishing clear legal standards, potentially increasing their market share.
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