This legislation would mean significant changes to the national cannabinoid hemp industry, including adding a chapter to the federal Food, Drug, and Cosmetics Act that would govern cannabinoid hemp. Such a move ultimately means general FDA regulation of cannabinoid hemp products. By contrast, in New York the OCM is under the Liquor Authority post-legalization, as opposed to the Department of Health, where cannabinoid hemp was formerly housed.
This restructuring and associated regulatory authority given to the FDA will more than likely require products be made under cGMP conditions as governed by the Code of Federal Regulations ("CFR") Title 21 Parts 111 and/or 117 as applicable for the product type.
Currently, New York is the only state that requires Good Manufacturing Practices certification in order to maintain processor licensure. While requiring GMP is a move in the right direction, increasing quality control and standardization, full FDA regulation is likely to create an adversarial environment for regulators and operators with divergent missions and incentives, inappropriate and detrimental to the marketplace as a whole.
KJH Strategy looks forward to working with Senator Ron Wyden's office and other various interested parties to get this legislation to a better place in the coming months.
Sen. Ron Wyden (D-Ore.) has introduced landmark legislation to address the growing concerns around unregulated hemp-derived products. The Cannabinoid Safety and Regulation Act (CSRA) establishes essential federal guidelines for testing, labeling, and safe manufacturing of intoxicating hemp products while ensuring they are not sold to minors.
Aaron Smith, CEO of the National Cannabis Industry Association, emphasized that this legislation brings much-needed structure to the marketplace, protecting consumers and supporting responsible industry growth.
Learn more about this critical development and how it impacts the cannabis and hemp sectors. - Read More: https://bit.ly/3N1nTVK
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