420 with CNW – FDA Finally Releases Cannabis Research Guidelines
In December 2018, Congress passed the 2018 Farm Bill, a landmark legislation that legalized the cultivation and sale of industrial hemp and it's derivatives after decades of prohibition. Cannabidiol, a hemp extract with medical capabilities, quickly grew in popularity, resulting in an unregulated market worth millions of dollars in sales. For months, advocates, stakeholders, and some lawmakers have urged the U.S. Food and Drug Administration (“FDA”) to create a comprehensive regulatory structure for the industry. On Tuesday, the agency finally released draft guidance on developing cannabis-based drugs, weeks after the White House announced that it had finished reviewing the draft…