WASHINGTON – This afternoon, the National Industrial Hemp Council (NIHC) led a policy discussion with the White House Office of Management and Budget (OMB) to promote regulatory certainty of CBD products. Patrick Atagi, Chairman of the Board of Directors for the NIHC released the following statement:
“Today’s discussion with OMB was another positive step in the right direction to bring safe CBD products to the marketplace. OMB listened to our experts in the industry and we pressed our case for enforcement discretion and sensible regulations. We stressed to OMB that with no regulatory framework in place right now, it leaves room in the market for bad actors. We’re going to continue leading advocacy efforts for a regulatory scheme that promotes consumer safety. We’re hopeful the timing of both of our meetings this week with OMB and FDA is indicative those regulations are coming soon.”
Per their standard practice, OMB did not give any details on any proposed policy, nor did they give a timeline for when a draft policy might be announced.
About the National Industrial Hemp Council: The National Industrial Hemp Council provides high-quality networking and resources for its members, from farm to consumer. Its leadership is composed of leading international, federal, state, private industry, and government professionals throughout the sector. The organization is dedicated to furthering market development, assisting members in entering the industry, and educating consumers on industrial hemp and its applications. For more information please go to www.hempindustrial.com.
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