Congressional Bill Is Game-Changer For CBD Regulation, It's 'Long Overdue,' Says Hemp Coalition
Portfolio Pulse from Jelena Martinovic
The introduction of the Cannabinoid Safety and Regulation Act (CSRA) by Sen. Ron Wyden aims to establish a federal framework for regulating hemp-derived cannabinoids like CBD. ONE HEMP, a coalition of industry leaders, supports this move, highlighting Charlotte’s Web's involvement. The bill is seen as a critical step for the CBD industry, especially in light of restrictive state regulations like California's recent ban on hemp-derived THC products.
October 02, 2024 | 5:29 pm
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Charlotte's Web is actively supporting the Cannabinoid Safety and Regulation Act, which aims to establish federal regulations for CBD products. This could positively impact the company by providing a clearer regulatory framework, potentially expanding market access.
Charlotte's Web is highlighted as a key player in supporting the CSRA, which aims to create a federal regulatory framework for CBD. This could lead to increased market stability and growth opportunities for the company, especially as it opposes restrictive state regulations.
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