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The Future of Hemp: Breaking Down the Cannabinoid Safety and Regulation Act In this episode, Tom, a cannabis lawyer, explores the intricacies of the new Cannabinoid Safety and Regulation Act proposed by Senators Ron Wyden and Jeff Merkley. The bill aims to create a comprehensive regulatory framework for hemp-derived cannabinoid products by amending the Federal Food, Drug, and Cosmetic Act. The discussion covers key points such as product definitions, THC limits, labeling requirements, and enforcement mechanisms. Tom also assesses the bill's likelihood of passing and its potential impact on the hemp and cannabis industries. 00:00 Introduction to the New Hemp Bill 01:11 Key Provisions of the Cannabinoid Safety and Regulation Act 01:46 Defining Cannabinoid Products and THC 03:27 Regulations on Synthetic and Semi-Synthetic Cannabinoids 04:30 Enforcement and Compliance Measures 05:24 Labeling and Packaging Requirements 06:44 Age Restrictions and Remote Sales 07:15 Prohibited Combinations and Additional Regulations 07:43 Registration and Licensing Requirements 09:42 Testing and Compliance Standards 10:33 THC Serving Size Regulations 11:23 Special Regulations for Beverages 13:22 State Rights and National Labeling 13:55 Public Health and Safety Funding 14:32 Likelihood of the Bill Passing 16:13 Conclusion and Call to Action