Over the last few years, the popularity of CBD products has grown exponentially. It is now sold in numerous forms and locations—even grocery stories and gas stations are carrying it. But how do you know if it is safe? And what legal factors do you need to consider when deciding if you should sell it?
First, let’s talk about what it is. CBD is short for cannabidiol, a compound found in all cannabis plants. CBD and hemp products cannot legally contain more than 0.3% THC (tetrahydrocannabinol). THC is responsible for the “high” associated with marijuana. Anything over 0.3% is considered marijuana, which is classified as a schedule 1 drug by the Drug Enforcement Administration and is federally illegal.
Chris Jones, Vice President of Government Relations & Counsel for the National Grocers Association, presented “Selling CBD – Regulatory Issues” at the National Grocers Association Show 2020 in February.
Here are a few key takeaways for retailers:
If you are selling CBD products, we recommend you visit the FDA Regulation of Cannabis and Cannabis-Derived Products Including Cannabidiol (CBD) for more information. The site offers guidance on consumer information, FDA communications, regulatory resources, and frequently asked questions.
One of the most interesting parts of the FDA website is the question around if it is legal for a business to sell CBD products. The answer is vague—“It depends”—which is why it is important for retailers to continually check back and stay educated on how this topic evolves.
**Additional information source: https://www.pbs.org/newshour/science/is-cbd-legal-heres-what-you-need-to-know-according-to-science
This article was written by Aimee Spatt, Acuity Claims Consultant