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US: New bill aims to regulate hemp products

A new bill could make it easier for the federal government to regulate legal hemp products and keep them out of the hands of Americans under the age of 21, the Hill reports. Sen. Ron Wyden (D-Ore.) introduced the new piece of legislation, called the "Cannabinoid Safety and Regulation Act," on Wednesday.

The bill would make it illegal to market and sell products containing intoxicating cannabinoids like THC to minors and U.S. adults under the age of 21. The bill also calls for the Food and Drug Administration and the Alcohol Tax Tobacco and Trade Bureau to create rules for testing and labeling legal hemp-derived products for adults.

The Cannabinoid Safety and Regulation Act proposes a legal framework that addresses the growing demand for hemp-derived cannabinoid products, such as CBD, Delta-8 THC, and other compounds, by establishing requirements for testing, labeling, and responsible marketing. It also provides much-needed clarity and safety measures for the industry while protecting consumers.

Clifford Starke, Chairman and Chief Executive Officer of Flora Growth, expressed the Company's full support for the bill and its commitment to responsible regulation in the cannabinoid sector, "The introduction of the Cannabinoid Safety and Regulation Act represents a pivotal step forward for the cannabis and hemp industries. By establishing clear regulatory standards, this bill will not only protect public health and safety but also create a robust legal pathway for companies like Flora to deliver safe, high-quality cannabinoid products to adults. Importantly, it ensures that these products are rigorously tested, properly labeled, and age-restricted," said Mr. Starke.

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