MarkIt to Market® - March 2021: H.R. 841 – Federal CBD Deregulation Bill Back in Play

Sterne, Kessler, Goldstein & Fox P.L.L.C.

On February 4, 2021, Congress introduced another CBD deregulation bill, H.R. 841 – Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021, which, like H.R. 8179, legalizes marketing of hemp, CBD, or any other ingredient derived from hemp in a dietary supplement, provided the supplement satisfies other applicable requirements. Next, the bill goes to a House standing committee where experts will review, research, and revise the bill before voting on whether or not to send it to the House floor for a vote. Given that this bill was introduced early in the legislative cycle, observers are hopeful for movement under the current administration.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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