National Cannabis Industry Association Responds to FDA Statement on Cannabidiol (CBD) Regulation

FOR IMMEDIATE RELEASE
January 26, 2023

Contact:
Aaron Smith, CEO and Co-founder
(303) 223-3554
Bethany Moore, Director of Communications
(303) 223-9727
Communications@TheCannabisIndustry.org

National Cannabis Industry Association Responds to FDA Statement on Cannabidiol (CBD) Regulation

The Food and Drug Administration concludes a new regulatory pathway is needed for CBD products; advocates call for swift congressional action on cannabis policy

Washington, DC – Today the Food and Drug Administration announced that it has concluded that regulations governing food and supplements would not be appropriate for Cannabidiol (CBD) products and that the agency will work with Congress to develop a new way forward.

Cannabis industry advocates are disappointed with this result after the FDA’s protracted study of the issue since 2019 but are hopeful the decision will put more pressure on Congress to move to sensibly regulate CBD and other cannabis products.

“Today’s announcement by the FDA underscores the urgent need for Congress and the Administration to take swift action to modernize federal cannabis policy and regulate CBD and other products appropriately and in harmony with the vast majority of states that have already legalized cannabis in some form,” stated Aaron Smith, National Cannabis Industry Association (NCIA) CEO and Co-founder. “A vibrant state-regulated industry has formed to safely provide cannabinoid products and medicines to millions of Americans, which has the support of the vast majority of U.S. voters. Moving forward with bi-partisan federal cannabis reform this year would be both good public health policy and good politics.”

In 2019, NCIA published the white paper Adapting A Regulatory Framework For The Emerging Cannabis Industry, which outlined recommendations for four “regulatory lanes” for cannabis products, including CBD and other non-psychoactive cannabinoids.

A November 2022 Gallup survey found that 68% of Americans support making cannabis legal for adults and a recent Pew Research Center poll found that less than 10% of Americans still support marijuana prohibition.

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The National Cannabis Industry Association (NCIA) is the largest cannabis trade association in the U.S. and the only one representing small cannabis businesses at the national level. NCIA promotes the growth of a responsible, sustainable, and inclusive cannabis industry and works for a favorable social, economic, and regulatory environment for that industry throughout the United States.

New Report Highlights Political Opportunities for Candidates Embracing the New Reality of Marijuana Legalization

FOR IMMEDIATE RELEASE
Wednesday, September 19, 2018

CONTACT:
Aaron Smith, National Cannabis Industry Association
(303) 223-9727, Communications@TheCannabisIndustry.org

National Cannabis Industry Association Calls on Candidates to Support Popular Reforms in Advance of Midterm Elections

WASHINGTON, D.C. – The National Cannabis Industry Association Released a report today describing the growing popularity of marijuana policy reform and the political benefits candidates in either party could reap by embracing the issue.

NCIA’s “The New Politics of Marijuana: A Winning Opportunity for Either Party,” provides an overview of recent polling data and electoral wins for cannabis reforms in the United States. The report highlights the solid majority support for legalization in nearly every state where polling on this issue has been conducted over the last year.

The industry association’s report also finds that support for cannabis reform crosses nearly all political demographics with a majority of Republicans, Democrats, and independent voters supporting adult-use legalization. Most striking is the support among younger voters for marijuana reforms, citing Pew Research data showing support for legalization among millennials at 70% overall and 63% among Republican millennials.

“The failed experiment of marijuana prohibition is almost over and voters are clearly recognizing the benefits of replacing illegal marijuana markets with well-regulated, responsible businesses,” said Aaron Smith, executive director of the National Cannabis Industry Association. “Policymakers on both sides of the aisle are beginning to wake up to this reality and candidates who fully embrace the issue this election cycle will reap the political benefits for years to come.”

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The National Cannabis Industry Association (NCIA) is the largest cannabis trade association in the U.S. and the only organization broadly representing cannabis-related businesses at the national level. NCIA promotes the growth of a responsible and legitimate cannabis industry and works toward a favorable social, economic, and legal environment for that industry in the United States.

National Cannabis Industry Association’s Cannabis Business Summit Is 2018’s Fastest-Growing Annual Trade Show in America

NCIA and Event Partner GSMI Take #1 Spot in Trade Show Executive’s Fastest 50 Award List

Washington, D.C. – The National Cannabis Industry Association’s Cannabis Business Summit™ & Expo is officially the fastest-growing annual trade show in the United States, according to Trade Show Executive.

The Cannabis Business Summit, NCIA’s flagship annual event, was awarded the top spot on Trade Show Executive’s annual “Fastest 50” list, honoring the 50 fastest-growing annual trade shows of the year. From 2016 to 2017, the Summit increased paid exhibit space by 59.6% and the number of exhibitors by 53.3%.

“From the beginning, we’ve built the Cannabis Business Summit to be the highest-value event for cannabis industry leaders – in business, in education, and in advocacy,” said Aaron Smith, executive director of NCIA.. “This award confirms that we’re succeeding in fostering the critical intersection of commerce, policy, and community it takes for our industry to grow, and grow the right way.”

The Summit celebrates its fifth anniversary this year and has long been known as the most influential event in the cannabis industry. NCIA recently announced that James Cole, former deputy attorney general of the United States and author of the ‘Cole Memo,’ which fundamentally shifted the landscape for legal cannabis businesses in America, will be the featured keynote speaker at this year’s event.

The 2018 Cannabis Business Summit is expected to draw more than 7,500 cannabis industry professionals to San Jose, Calif., July 25-27.

NCIA shares the award with its event management partner, the Global Strategic Management Institute (GSMI).

Trade Show Executive awarded the “Fastest-Growing Annual Show” designation to the Cannabis Business Summit based on percentage of growth in net square feet of paid exhibit space and number of exhibiting companies.

National Cannabis Industry Association Responds to FDA Statement on Cannabidiol (CBD) Regulation