CBD Monthly Update — August 2020CBD Monthly Update — August 2020
We gathered the top CBD news from this month to keep you in the loop.
August 21, 2020
The U.S. Food and Drug Association released the long-awaited “Cannabis and Cannabis-Derived Compounds: Quality Considerations for Clinical Research, Draft Guidance for Industry,” including insight into the agency’s thinking on clinical research regulations. Learn more at The National Law Review.
Research from the Brightfield Group forecasts that the crowd of CBD companies will thin substantially this year, with COVID-19 driving a likely “extinction event” for half or more brands. Learn more at Hemp Industry Daily.
In a new scientific statement, the organization asks the DEA to remove cannabis from the Schedule I list so that it can be widely studied. Learn more at AZmarijuana.com.
Though officials haven’t revealed the content of a new enforcement discretion policy, some industry representatives who have been speaking with federal officials are optimistic that such a formal policy will be announced soon. Learn more at Natural Products Insider.
Driven by falling prices for hemp biomass, reduced production expenses and plans to reach consumers with less disposable income as unemployment numbers remain high during the pandemic, U.S. CBD products prices have dropped. Learn more at Hemp Industry Daily.
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