Concerns over exaggerated health claims prompt FDA hearing on effects of CBD products
WTKR 3 News
CNN Wire
May 31, 2019
Cannabis-related products have flooded the market, making health claims about pain relief, immune function and anxiety and depression. On Friday, the US Food and Drug Administration is holding its first hearing to assess the safety and efficacy of these CBD products.
In December, President Donald Trump signed the Farm Bill into law, legalizing hemp, which also contains high levels of CBD. Market analysts expect the hemp-derived CBD market alone to hit between $15-20 billion in the next five to six years. “The industry is exploding, it’s growing in popularity every day. It’s so important for the FDA to get a regulatory handle on this,” said Jonathan Miller, general counsel for the US Hemp Roundtable, an industry-backed advocacy group. “There are bad products out there. There are products that make false claims. It’s important that FDA develop standards.”