The hemp industry wants additional regulation. Yes, you read that correctly, and stakeholders are coalescing to push for action from the federal government. The passage of the 2018 Farm Bill provided momentum for the retail cannabidiol (“CBD”) industry, and the lack of complete regulatory clarity from the federal government has led many in the industry to navigate a patchwork of state-specific laws.
The hemp industry is making its voice heard. On January 24, 2024, over 30 hemp organizations signed a letter urging the House Committee on Energy and Commerce to hold a hearing “concerning FDA regulation, or lack thereof, of the rapidly growing hemp market.” The industry is steadfast in calling for new regulations and policies.