Flora Growth Corp. Applauds Senator Wyden for Introducing the Cannabinoid Safety and Regulations Act

Core Viewpoint - The introduction of the Cannabinoid Safety and Regulations Act by U.S. Senator Ron Wyden is a significant step towards establishing a comprehensive regulatory framework for cannabinoid products, ensuring their safe production, labeling, and marketing to adults while protecting children from access to these products [3][4][5]. Industry Support - The bill has received widespread support from key industry organizations, including the U.S. Hemp Roundtable, the National Cannabis Industry Association, and the National Industrial Hemp Council, indicating strong backing from the industry [3][5][7]. - The endorsement from a diverse range of respected industry organizations highlights the bill's importance and potential impact on creating a safer marketplace for cannabinoid products [7]. Company Commitment - Flora Growth Corp. expresses full support for the Cannabinoid Safety and Regulations Act, emphasizing its commitment to responsible regulation in the cannabinoid sector [4][6]. - The company believes that the bill will foster a secure environment for businesses and consumers by providing clear regulations for the production and distribution of cannabinoid products [6]. Legislative Framework - The Cannabinoid Safety and Regulation Act aims to address the growing demand for hemp-derived cannabinoid products, such as CBD and Delta-8 THC, by establishing requirements for testing, labeling, and responsible marketing [5]. - The proposed legislation is designed to provide clarity and safety measures for the industry while ensuring consumer protection [5].