FDA considers regulating cannabis compound CBD in foods, supplements over safety concerns

Tilray CEO Irwin Simon: Cannabis world needs regulation to get institutional money

What to watch next

  • 2022 Patriot Awards celebrates America's heroes by naming Gary Sinise the 'Service to Veterans' award recipient.

    Gary Sinise awarded ‘Service to Veterans’ at 2022 Fox Nation Patriot Awards

    Fox Business

  • Actor and humanitarian Gary Sinise discusses his foundation's recent efforts to help military families, and where his philanthropic inspiration comes from.

    Gary Sinise Foundation hosts annual Disney World trip for Gold Star families for first time since pandemic

    Fox Business

  • FOX Business Madison Alworth joins ‘Varney & Co.’ to discuss how New York City and L.A. County are beginning to recommend indoor masking in public places.

    Some cities start to recommend indoor masking due to surge in flu, RSV, COVID

    Fox Business

  • RFD-TV's 'The Cow Guy' Scott Shellady assesses the market rally and breaks down Russia's Black Sea grain exports deal.

    Scott Shellady offers dismal message after food prices rise again: ‘I don’t see any break for the consumer’

    Fox Business

  • Head of Goldman Sachs Personal Financial Management Joe Duran joins 'Varney & Co.' to discuss the Federal Reserve's handling of inflation and provides his forecast for potential rate hikes.

    Inflation is ‘not going away’ despite being ‘lower’: Joe Duran

    Fox Business

  • FOX Business' Madison Alworth speaks with The Salvation Army's U.S. National Commander Kenneth Hodder on how inflation has impacted the annual Red Kettle campaign.

    The Salvation Army encourages the gift of giving as charity battles inflation

    Fox Business

  • The brutal beating death of a tourist in New Orleans earlier this month is sending chills through the city during its holiday tourism season.

    Horrific hotel killing of a tourist in New Orleans shocks city during holiday tourism season

    Fox Business

  • The Points Guy founder Brian Kelly discusses what's behind 'robust' travel bookings as airfare and hotel prices continue to climb on 'The Claman Countdown.'

    The Points Guy founder Brian Kelly reveals his favorite travel credit card

    Fox Business

  • Check out what's clicking on FoxBusiness.com.

    FOX Business Flash top headlines for December 13

    Fox Business

  • FOX Business' Lydia Hu speaks to mothers who say the baby formula shortage 'is only getting worse.'

    Baby formula-finder platform gains popularity as shortage pushes into spring

    Fox Business

  • Check out what's clicking on FoxBusiness.com.

    FOX Business Flash top headlines for December 12

    Fox Business

  • Fox News contributor Dr. Marc Siegel weighs in on surges of the flu and RSV ahead of the holidays on 'Kennedy.'

    Dr Marc Siegel shares how parents can keep their kids safe from the flu, RSV

    Fox Business

  • Fox News contributor Jonathan Hoenig and former investment banker Carol Roth assess the state of the consumer as inflation remains high and interest rates climb on 'Cavuto: Coast to Coast.'

    Could be a difficult Christmas for many Americans: Jonathan Hoenig

    Fox Business

  • NYU Stern School of Business professor and 'Adrift: America in 100 Charts' author Scott Galloway examines the U.S. economic future in his new book.

    Scott Galloway measures whether raising national minimum wage ‘is worth it’

    Fox Business

  • FOX Business host Charles Payne compares 1962 to 2022 and provides insight on the importance of investing on 'Making Money.'

    Charles Payne: Our wages have not gone up as much as everything else

    Fox Business

  • FOX Business host Cheryl Casone assists homebuyer Tom in finding his dream home where rock and roll meets country in St. Louis.

    ‘American Dream Home’: St. Louis, Missouri

    Fox Business

UP NEXT

UP NEXT

The Food and Drug Administration (FDA) is reportedly planning to announce a regulatory framework for products like CBD that are derived from legal cannabis in the coming months amid concerns about product quality and safety.

CBD products have proliferated in the years since the enactment of the 2018 farm bill legalized industrial hemp – a variant of the cannabis plant that lacks the intoxicating properties of versions grown for consumption as medical or recreational marijuana. That opened the door for sales of CBD products ranging from drinks and edible gummies to creams and lotions that contain no more than 0.3% THC, which is the cannabinoid chemical that can induce a high in users and is illegal at the federal level despite legalization in 21 states.

When asked for comment about the upcoming regulatory plan, a spokesperson for the FDA provided Fox Business with a statement by FDA Principal Deputy Commissioner Janet Woodcock, M.D., who is in charge of the agency’s efforts to regulate cannabis, that was also given to the Wall Street Journal: “Given what we know about the safety of CBD so far, it raises concerns for FDA about whether these existing regulatory pathways for food and dietary supplements are appropriate for this substance. FDA is currently reviewing three Citizen petitions related to this, and we plan to respond to them soon.”

© Provided by Fox Business

MARTHA STEWART DROPS PUMPKIN SPICE CBD WELLNESS GUMMIES AS LIMITED-EDITION ‘FALL FAVORITE’

CBD products are often touted as helping relieve pain, reduce anxiety and promote sleep but can’t currently be branded as dietary supplements or added to food products under FDA rules, and the agency has issued warning letters to several companies about claims they’ve made regarding their CBD products.

The FDA is researching the effects of CBD in conjunction with the National Institutes of Health (NIH), and those findings will inform its recommendations about regulations for those products. A study by NIH found that a pharmaceutical-grade CBD product known as Epidiolex has helped reduce seizures in patients with epilepsy over the age of 2, but it also caused diarrhea, fatigue and elevated liver enzymes in some children.

READ ON THE FOX BUSINESS APP

Once the FDA is ready to move forward with making regulatory recommendations, it will have to decide whether CBD products can be regulated as food or dietary supplements, rather than drugs, or if the agency will need to develop a new framework or call upon Congress to enact a law on the subject.

BIPARTISAN MARIJUANA BANKING BILL IN PERIL AMID YEAR-END SCRAMBLE IN CONGRESS

Because cannabis plants contain dozens of cannabinoid chemicals, including THC and CBD, among others, new cannabis products that emphasize newly discovered cannabinoids present a challenge for regulators. 

For example, the most prevalent form of THC is known as Delta-9, which has intoxicating properties and is illegal at the federal level. But Delta-8 THC can be derived from industrial hemp and falls into a legal gray area where it can be legally produced and marketed despite having intoxicating properties like its sister cannabinoid.

Norman Birenbaum, an FDA senior adviser who previously worked on cannabis regulation in New York and Rhode Island, told the Wall Street Journal that the agency has “growing and more intensifying short-term concerns” about these Delta-8 products after a child in Virginia died after eating Delta-8 gummies while a number of other teens and children were sickened in Texas and Iowa.

LAWSUIT FILED AGAINST CALIFORNIA WEED COMPANIES FOR NOT GETTING CONSUMERS HIGH ENOUGH

The lack of a federal regulatory framework has given rise to concerns about consumer safety and shortcomings in quality assurance that may lead to THC being included in some CBD products meant to exclude it. It has also kept a number of companies that eventually plan to enter this emerging market on the sidelines due to legal concerns. Despite that hesitance, an FDA report from 2021 found that the CBD market alone was estimated to be $4.6 billion last year and forecasted it to quadruple by 2026.

As the FDA’s regulatory process plays out, the U.S. Department of Agriculture’s regulations on hemp production illustrate the challenges of fine-tuning rules around the production and processing of cannabis products.

A Congressional Research Service report found that in 2021, hemp production was valued at $824 million across roughly 13,000 grower licenses around the country, and a dozen states had more than 1,000 harvested acres of hemp in 2021 – led by Montana with 4,500 acres and Colorado with 3,100 acres. But the CRS report noted that about 20% of hemp grown in a given year will exceed the legal limit of no more than 0.3% THC, which goes to show the “inherent risks to farmers of growing hemp within USDA’s regulatory framework.”

Author: CSN