1. ONE HEMP supports federal regulation of hemp-derived products. 2. Draft legislation aims to protect consumers and businesses. 3. Key provisions include labeling and manufacturing standards. 4. Charlotte's Web CEO emphasizes the need for industry standards. 5. Clarity in regulations could enhance market integrity for hemp.
The emergence of a regulatory framework could stabilize the hemp market. Historically, firms like Charlotte's Web have seen positive price reactions to regulatory clarity.
The new draft legislation could significantly impact operational dynamics for CWBHF. Regulatory clarity may lead to increased consumer trust and market share.
Regulatory changes usually take time to implement and reflect in market prices. As seen in other industries, regulatory clarity influences long-term growth prospects.
WASHINGTON, Aug. 27, 2025 /PRNewswire/ - Today ONE HEMP, a coalition of industry leaders committed to advancing regulatory standards for hemp-derived cannabinoid (CBD) products, expressed its strong support for Representative Morgan Griffith (R-VA) for releasing draft legislation to regulate consumable hemp products. The bill marks a critical step toward establishing a clear federal framework that protects consumers, supports responsible businesses, and brings market guardrails to the hemp market.
"Representative Griffith deserves recognition for taking decisive action to advance federal oversight in the hemp industry," said Bill Stoufer, President of Balanced Health Botanicals and One Hemp member. "The hemp industry was built on meeting real consumer needs, and it's time every company is held to that standard. This bill supports essential guardrails that will protect public health and ensure the industry's integrity."
The draft legislation includes key provisions such as:
"One Hemp is deeply grateful to Representative Griffith for his leadership in releasing this draft bill," said Bill Morachnick, CEO of Charlotte's Web Inc (TSX:CWEB, OTCQX:CWBHF) and One Hemp member. "This is a much-needed step toward cleaning up the hemp industry and ensuring consumers have access to safe, high-quality products. We believe balanced regulation is essential to unlock the full economic and public health potential of hemp."
One Hemp looks forward to working with Representative Griffith, federal agencies, and industry stakeholders to ensure final legislation reflects a science-based, consumer-first approach that promotes safety, compliance, and innovation.
About ONE HEMP
ONE HEMP is an industry working group committed to advancing science-based regulatory standards for hemp-derived cannabinoid products. Representing leading voices in the CBD sector, ONE HEMP serves as a trusted resource for policymakers, focused on consumer safety, product integrity, and innovation.
The coalition includes top cannabinoid researchers and toxicologists, grounding its work in rigorous science and a deep understanding of CBD's safety profile. Its founding mission is to advocate for federal regulation that treats CBD products as dietary supplements and establishes consistent standards across the supply chain.
ONE HEMP's goal is to set industry benchmarks that promote transparency, accountability, and trust—ensuring that all hemp companies are held to the standards consumers deserve.
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SOURCE ONE HEMP