web analytics
THC

Failed bill in California leaves state CBD market in the lurch

A measure that would have allowed CBD in food and drinks in the U.S. state of California has failed as lawmakers refrained from putting it up for a vote before the state legislative session came to an end this week.

California has struggled to shape policy for the sale of cannabinoids outside licensed marijuana retailers, to whom such sales are legally restricted. Also under current rules, California cannabis licensees may only legally sell CBD products that are extracted from marijuana plants rather than industrial hemp.

Business thriving

Nonetheless, California is the No. 3 hemp producer in the USA, according to Hemp Industry Daily, and was the leading market for CBD in the United States in 2019 with estimated sales of $730 million, statista.com reported. That’s despite rules set by the state’s Department of Health in 2018 that banned its sale as food, food ingredients, additives or dietary supplements ahead of a ruling on CBD safety expected from the U.S. Food & Drug Administration.

Cannabis interests in California have been split on CBD policy as the state has debated it down through the years. Critics said the rules as written in the failed bill were hastily assembled, and are burdensome and contradictory, suggesting that the state wants to limit CBD products to licensed marijuana dispensaries. “Like other marijuana states, they want CBD in dispensaries where they can make more tax on it,” cannabis consultant Richard Rose wrote in an update Tuesday.

To Read The Rest Of This Article By Staff on Hemp Today

About the author

Marzena Bonar

Marzena Bonar

Marzena's passion for writing impressed all of us and now she dedicates her time for writing beautiful researched articles related to the hemp industry around the globe.

Marzena gratuated the University of Economics in Katowice.

She can be reached out at: Marzena.Bonar@hempstashnews.com

Add Comment

Click here to post a comment