The Hemp Farming Act of 2018 offers many opportunities for this growing industry. However, enactment of the Law does not create the clear path to success that many people assume. There remain many open and evolving questions which are important to your business. For instance, are your hemp-derived CBD products actually legal? While the Act may appear to say yes, that is not necessarily the case. Many others have input in the matter. For example, the Food and Drug Administration (FDA) has a lot to say with regard to the manufacture and sale of your products. There is also the Federal Trade Commission (FTC), United States Department of Agriculture (USDA), Customs and Border Protection (CBP), and others along with each individual state to consider.
The hemp/CBD industry is poised for explosive growth, but not paying attention to the legal aspects of your business may derail your plans. There are myriad legal considerations to consider: labeling, testing, certifications, FTC, general and specific FDA issues, DSHEA, the Food, Drug, and Cosmetic Act, USDA, delivery methods/systems, GMP, intellectual property (patents, trademarks, copyright, licensing, trade secrets), import/export. The list goes on.
You have a business to run. Let KnechtelLawyers help you with those details that keep you from what you really want to do: run and grow your business.