CO HB1295

Removes cannabis from the list of narcotic and hypnotic substances that automatically render a drug or device misbranded under Colorado law.

Defines "industrial hemp product" as a finished product for human use or consumption containing hemp plant materials with delta-9 tetrahydrocannabinol concentration not exceeding 0.3%.

Establishes that industrial hemp products produced by registered wholesale food manufacturing facilities shall not be deemed adulterated unless they meet specific criteria for adulteration.

Specifies that industrial hemp products may be cosmetics, food, food additives, or herbs and may contain naturally occurring cannabinoids, compounds, concentrates, extracts, isolates, resins, or derivatives.

Clarifies that the bill does not allow federal Drug Administration entities to initiate proceedings to prevent nonpharmaceutical production, sale, or distribution of naturally occurring cannabinoids or cannabinoid extracts.