Charlotte's Web Medical Hemp Act of 2014 - Amends the Controlled Substances Act to exclude therapeutic hemp and cannabidiol: (1) from the definition of "marihuana," and (2) from treatment as a controlled substance under such Act. Defines: (1) "therapeutic hemp" to mean the plant Cannabis sativa L. and any part of such plant with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis; and (2) "cannabidiol" to mean the substance cannabidiol, as derived from therapeutic hemp.
Exempts therapeutic hemp or cannabidiol from the Federal Food, Drug, and Cosmetic Act.
Declares that nothing in this Act shall restrict any activities related to the use, production, or distribution of marihuana in a state in which such activities are legal under state law.