Charlotte’s Web Holdings Inc. is expanding its retail distribution in California following the Oct. 6, passage of Assembly Bill 45, which formally permits retail sale of products containing hemp-derived cannabidiol (CBD), including dietary supplements, topicals, over-the-counter and pet products.
Following AB 45’s passage, the company expects California retailers to expand or begin receiving product shipments from Charlotte’s Web. This includes Charlotte’s Web current national retail partners which combined represent more than 1,000 locations in California, that can now confidently offer Charlotte’s Web products to consumers with clear regulatory guidance across the state.
“AB 45 is a big win for Californians seeking wider access to the benefits of safe, high-quality hemp dietary supplements, the retailers who want to sell them, and the farmers and manufacturers who make and ship them,” said Charlotte’s Web CEO Deanie Elsner. “We appreciate Assembly Member Aguiar-Curry and her staff who have worked extensively bring oversight to hemp CBD products in the state.”
Aguiar-Curry, a Democrat who represents the state’s Assembly District 4, thanked Charlotte’s Web and a coalition of advocates made up of consumer and public health groups to manufacturers to retailers who worked for the past three yeats, she said, to get the legislation passed.
“The ability to offer safe, legal wellness products to Californians, as opposed to the completely unregulated products currently being sold, was my first priority in writing these bills,” said Aguiar-Curry. “But the incredible opportunity for California manufacturers and retailers to participate in this booming market will create jobs and economic opportunity for countless people in our state.”
While the 2018 Farm Bill legalized hemp farming and manufacturing, it did not have federal preemption nor regulate the nationwide hemp supply chain. The result is today’s patchwork of state-level requirements limiting hemp growers, manufacturers, and retailers, which hampers the industry from realizing its full potential.
“We celebrate state-level progress and believe it underscores the ongoing need for clear, federal regulation of hemp CBD from Congress and the administration,” added Elsner. “We will continue lending our voice and resources to measures that will ensure a safe, credible and sustainable industry, such as House of Representatives Bill 841 which deserves a hearing in the Energy & Commerce Committee by year’s end.”
Charlotte’s Web Holdings is a market leader in innovative whole-plant hemp extract wellness products under a family of brands which includes Charlotte’s Web, CBD Medic, CBD Clinic and Harmony Hemp.