Congressional hemp briefing to the Dietary Supplement Caucus. The presentation topics include hemp and Cannabidiol (CBD) industry market sizes, investments, insights and analysis. Discussion about the FDA and the regulatory state of the union for CBD.
1. CONGRESSIONAL DIETARY SUPPLEMENT CAUCUS BRIEFING
Sean Octavius Murphy
Director of Hemp, New Frontier Data
Founder, Hemp Business Journal
May 7, 2019 | Washington DC
HEMP-DERIVED
CANNABIDIOL “CBD”
2. • Hemp... What exactly is CBD?
• 2018 Farm Bill Impacts
• Data & Methodology
• The Three CBD Markets
• Hemp CBD Market Breakdown
• Pharma & Macro Trends
• The Atlas Story
• Q&A
BRIEFING AGENDA
8. “…modulating endocannabinoid
activity may have therapeutic
potential in almost all disease
affecting humans…”
- Dr. Raphael Mechoulam
“The Father of Cannabis Research”
THE ENDOCANNABINOID SYSTEM
25. HEMP-DERIVED CBD MARKET 2022
Early 2017 Estimate
(Pre-Farm Bill)
Current Estimate
(Post-Farm Bill)
Early Next Year Estimate…?
(Congress, FDA, &
USDA variables/catalysts)
$655 Million $1.3 Billion $1.1-$3.4 Billion
42. THE ATLAS STORY
Cannabinoids as antioxidants and neuroprotectants
“(non-psychoactive) cannabinoids (CBD, specifically) are found to
have particular application as neuroprotectants, for example in limiting
neurological damage following ischemic insults, such as stroke and
trauma, or in the treatment of neurodegenerative diseases, such as
Alzheimer’s disease, Parkinson’s disease and HIV dementia..”
Patent No. 6,630,507
• Filed: 1999
• Granted: 2003
• Expired: April 19, 2019
43. THE ATLAS STORY
Sean Octavius Murphy
(& Atlas Murphy)
Founder, Hemp Business Journal
Hinweis der Redaktion
It’s an FDA has an archaic regulatory structure problem. Need help from legislatures on this.
McConnel made it clear that the FDA needs to do their job.
Intent of the Farm Bill..make a clear pathway for American Farmers to poduce
They said we have the best flower, quality, lowest cost, just becau…biosynthetic cannabinoids…
Focus on Farmers, Farm Bill, helps farmers, economic positive. ..about food satfey.people want more natural.
Yes, there are some with organic cerrts,, they didi not cert flower
Prpoducts are helping them with health and wlennes.. Have access.. Also important that the FDA regulates as a dietary supplement… better for the industry…several products that
Some kind of MOU while they are creating regulations..how the standards are they need to abide
Not doing CGNP ingredients…no tracing, no batch, not lot numbers
If they take this away people will die
Doesn’t help everyone…kids in hospital…not everyone good, Pharmaceutical model…further rening…use pentane hexane or methane…crystalizes it
Herbal product, plant material, multi compound herbal product
The National Institutes of Health employs roughly 6,000 Ph.D.-level scientists, said NIH special adviser for technology transfer Mark Rohrbaugh, who holds doctorates in biochemistry and law. When one of those scientists invents a new technology or makes a new discovery, the NIH evaluates the result and determines whether to file for a patent.