This definition now puts CBD hemp oil into the same drug category as marijuana. Additionally, the ruling is based on an incorrect and incomplete understanding of how CBD is derived from the cannabis plant. While CBD may be derived from forms of cannabis that contain high amounts of THC, the cannabinoid associated with 'marijuana, ' CBD may also be produced from industrial hemp plants that meet the legal standards of less than 0.3% THC by dry weight, and which may be cultivated in 32 states in the USA per Sec. Hence, not all CBD products may be classified as extracts from 'marijuana'.
Eric Steenstra, the group's executive director, said Congress had already ruled on the subject by allowing hemp growers to produce CBD oil in a growing number of states under its last major farm bill in 2014. "Cannabidiol is not listed on the federal schedule of controlled substances, and the DEA has no authority whatsoever to impede the production, processing or sale of hemp products, including CBD products, grown under the Farm Bill". Our brand, Ananda Hemp, has recently entered the marketplace in good favor with consumers and channel partners as we now endeavor to enter into the market research phase of our 5-year pilot program.
Chuck Rosenberg, the agency's acting administrator, said the new listing would help the federal government better track the illegal substances and make it easier for the U.S.to comply with worldwide drug control treaties approved by the United Nations. The CBD industry is one of the fastest growing sectors of the emerging hemp market in the US, and indeed worldwide.
On Monday, the Hemp Industries Association said the DEA had misused its authority and that only Congress or the USA attorney general could add CBD oil to the list of banned substances. The Hemp Industries Association is monitoring this development closely, and is strongly considering legal action to protect the interests of its members and the hemp industry as a whole.
Ecofibre has strong research partnerships with several leading Universities and now utilizes its licenses to grow industrial hemp for the purposes of research and production.