Navigating the Future of Cannabinoid Regulation: Balancing Safety, Innovation, and Consumer Access Position Paper
Marijuana Business, Stocks, Finance, & Investing May 21, 2024 MJ Shareholders 0
Prepared by NCIA
The National Cannabis Industry Association (NCIA) invites industry owners, operators, regulators, and elected officials to download our latest position paper on cannabinoid regulation. With over 100 different cannabinoids found in cannabis, nuanced and thoughtful policy considerations are crucial for shaping a safe and thriving industry.
Our position paper delves into the complexities of cannabinoid production, differentiating between plant-extracted and synthesized cannabinoids. It addresses the challenges posed by the current regulatory landscape and advocates for a common-sense federal framework that emphasizes safety, consistency, and quality across all cannabis-derived products.
Key insights include:
- The distinction between intoxicating and non-intoxicating cannabinoids.
- The economic impact of cannabinoids, evidenced by the billions spent annually on CBD products.
- The importance of balancing regulation to support both consumer safety and industry growth.
- Recommendations for federal reform, including modifications to the Farm Bill and the FDCA.
NCIA’s comprehensive approach ensures that safe, regulated cannabinoid products can meet consumer demand while fostering industry innovation and protecting public health.
Download our position paper today to stay informed and contribute to the future of cannabinoid policy.
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