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Commentary on Evolving Industry Developments and Marketing Trends

Comments To The USDA Concerning The Interim Final Rule for The U.S. Domestic Hemp Program

by | January 23, 2020

On behalf of the CBD Association and its member companies, we are submitting comments concerning the Interim Final Rule for the U.S. Domestic Hemp Program (the “IFR”).1

The CBD Association (CBDA) is the only 501(c)(6) non-profit trade association established in Washington, D.C. that exclusively and holistically promotes CBD and cannabis-derived products worldwide. CBDA engages policymakers at all levels of government to advocate for its members. CBDA represents growers, processors, suppliers, manufacturers, brand owners, retailers and other associated businesses representing CBD and cannabis-derived products.

According to the recent data, sales of hemp-derived CBD products and cannabis-derived products are projected to surpass $15 – 20 billion in the U.S. by 2024. This suggests the importance for growers, manufacturers, brand owners and retailers to understand the role of hemp in the natural products category.

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ABOUT THE AUTHOR

John Venardos

John Venardos

Guest Author

John Venardos has played a role in shaping government and regulatory policies affecting the food and natural products industry around the globe since 1985, first with NutraSweet Company, then Pfizer, later Herbalife and Bodybuilding.com. Throughout his career, Venardos successfully lobbied the U.S. government to pass legislation (now law) mandating the reporting to FDA of all serious dietary supplement and OTC adverse events. He helped obtain Herbalife’s direct selling licenses in China. Under appointment by the US Trade Representative and the Secretary of Commerce, within the Office of the President during the Obama Administration, Venardos addressed distribution service issues around the globe. Most recently, in June 2019, Venardos lobbied the House to include report language in an appropriations measure mandating that FDA conduct a health hazard assessment based on available data to set a safe per-serving.

 

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