Hemp Eruption Favors New Jersey First
While leaving unanswered questions about how the U.S. Food and Drug Agency (FDA) will regulate hemp-derived products (including CBD cosmetics, dietary supplements and food additives), this much is clear: hemp just erupted and Jersey got there first.
January 16, 2020 at 01:25 PM
8 minute read
Was it really this asinine? Up until last year, three federal agencies and 42 state governments were creating contradictory hemp growing and processing rules often barring hemp-derived product sales and demonizing one particular item, cannabidol (CBD).
This exploded in the ensuing 12 months with $641 million in domestic hemp-derived product sales, 78% of which was CBD, and 510,000 acres licensed to cultivate hemp across 34 states (a 455% increase over 2018).
Following its recent issuance of domestic hemp production interim final rules requiring states to obtain proposed hemp production plan approval, on Dec. 27, 2019, the U.S. Department of Agriculture (USDA) approved New Jersey, Louisiana and Ohio's hemp growing, processing and selling regulations.
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