After passing the farm bill and organizing hemp for cultivation, the sales of CBD products in the United States has shot above the roof.
The huge success of the CBD industry in recent years has ignored the fact that the farm bill was not “a war already won” but the beginning of the whole legalization saga. The legal standing of CBD still remains questionable.
What’s the position of CBD regulation?
Although expansion is currently outweighing the stringent rules in the CBD industry, that’s just a development to enjoy while it lasts.
When laws regarding the licensing and regulations of CBD products changes, they are likely to be basic and accepted quickly.
That could negatively impact many CBD retailer, and that’s why big companies are trying hard to maintain their stance in the industry when it comes to adhering to the rules.
According to CBD central, “right now, there’re strict regulations surrounding the extraction, manufacturing, or processing of CBD extracts”. The question is, is CBD oil legal?
“We really hope that new bills regarding the better regularization of the CBD industry would come into fruition”. ” It may help companies clarify their strategies and secure the future.”
A newly strategized rule which clarifies the uniqueness and best practices for CBD business is important for the industry to fully-utilize its potential.
Even with the wide expanse of most CBD oil purveyors in recent years, chances are the industry still takes the proper regulation, which is a good reason investors and executives are reluctant to give it a try.
What’s the fate of CBD regulation in the future?
Rather than fold arms and wait endlessly for that day when new rules and regulations will be announced by agencies like the FDA, highly reputed CBD companies are already predicting the future and designing their strategies according to their predictions.
They took inspirations from companies that are already regulated similarly with how CBD will be regulated in the future.
“We hope that most of the rules that already apply to food processing would not leave behind, products like CBD oil,” according to a CBD central staff in an interview. That regulation should cover the implementation of FSMA compliance that allows users to confirm the authenticity of each ingredient of the CBD oil used.
Although no one is guaranteed that this predicted regulation will be actualized, some highly reputed companies are already fitted into this standard. Because the best way to easily adapt to the effect of a regulation is to “act the rules” before it takes effect. On the other hands, that are not the only reason this company sets the rule beforehand, it’s also a way to ascertain that they’re putting valuable products in front of their customers.
According to CBD central, “our dream is to maintain a standard where we’re always producing useful, consistent, and health-safe products to our customers”.
What does the Future holds?
As the CBD industry continues to make a wave, experts believe that the upcoming regulations will create a stringent rule to the market, most importantly in the aspect of manufacturing.
A more strict regulation starting from the process of creation to the extraction of the CBD extracts will improve the sincerity of retailers to buy their CBD ingredients from top quality manufacturers who are already in adherence to the regulations.
Although the move may sound drastic and harsh, experts believe that it’d reduce cost and save time, unlike the previous alternatives.
“ I think things are going to be a lot cheaper if we contract with top grade manufacturers who already knows and follows the rules than having to kick-start an in- house production from square one”
Meanwhile, the team behind CBD central is already on the verge of getting out new products for an entirely different market, coming along with a new but fair set of rules.
So what practices can a CBD company put in place to stay stronger than the stringent rules and keep customer’s interests at bay? First, the company must keep a legal supply line; get their ingredients from a legal, reputable, and pesticide-free source. They should also ensure that the plants from the sourced field follow the regulation of that particular region.