Hemp And CBD Oil Industry
Expansion Challenged In Minnesota
Updated on March 21, 2023
Medical marijuana is known for its negligible quantity of THC, which is a psychoactive chemical that gives people a high. That’s when Garth heard of CBD oil from his partner and together they received approval and planted their first hemp crop this year. The Food and Drug Administration has approved a drug containing CBD oil to treat epilepsy and even old-timers have now started to turn their attention towards CBD oil.
According to hemp cultivators, there are more buyers for unprocessed hemp than sellers. Garth wished to expand his farm next year but there are plenty of obstacles. Despite the fact that they are not doing anything illegal, the banks do not let them put money nor do they fund them. According to Cody Wiberg, executive director of the Minnesota Board of Pharmacy, the 2014 federal law that allows hemp farm pilot projects, however, does not allow for
Wiberg says, “The FDA [Food and Drug Administration] has further specifically stated that CBD cannot be sold as a dietary supplement.” According to Mr.Wiberg, the public should be aware of substandard practices followed by manufacturers who use unsafe methods and most medical benefits aren’t backed by research. Consumers would be put to undue health risks if they take these products especially for serious medical conditions such as seizure disorders.
Minnesota has strict marijuana law and a spokesperson said that the public should be aware of the legal situation and how there are no regulatory standards to maintain the quality for CBD oil manufacturers. This lack of clarity isn’t just restricted to Minnesota, but the industry has suffered the most here.
How can the CBD Industry in Minnesota receive a Boost?
What is the future of CBD in Minnesota?
According to industry experts, the CBD Oil industry is at an uncertain stage. Regulation is in the initial stages, many are of doubt if CBD is legal to sell. Other concerns include testing, quality, and proper sales.
In the meantime, the farm bill now stalled in Congress could clarify the legal status of hemp. Leaders of the committees have said they aim to pass it by the end of the year.