House of Representatives
NJ Lawmakers Propose Access to Financial Services for CBD Companies
Companies producing and selling hemp-derived CBD products would have access to essential banking services under new legislation introduced yesterday in the New Jersey State Senate. The legislation, introduced by State Sen. Robert W. Singer (R-NJ-30), would clarify that banks and credit unions will not be penalized by state regulators for working with legitimate hemp businesses. The ...
CBD Usage Drops Sharply When Consumers Learn FDA Has No Safety Standards
In a warning sign for the burgeoning hemp and CBD industry, a new poll shows that 44 percent of Americans are less likely to use CBD products after learning that the U.S. Food and Drug Administration (FDA) has no standards in place to protect consumers, including 30 percent who say they would be far less ...
New Farm Bill Ends Era of Hemp Prohibition, but Supplements Get Dropped From SNAP Program
President Trump has signed the 2018 Farm Bill, including the provisions which legalize the domestic cultivation, production, and commercial development of hemp, and hemp products at the federal level. This action comes after the Senate passed the legislation on Dec. 11 and the House of Representatives a day later. The National Sustainable Agriculture Coalition (NSAC), ...
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