(by Shamard Charles, M.D., NBC News) – The Food and Drug Administration (FDA) and the Federal Trade Commission (FTC) sent warning letters on April 2 to three companies that market CBD products, saying the companies are making false claims about treating diseases such as cancer and Alzheimer’s.
The agencies assert that three companies — Nutra Pure, PotNetwork Holdings, and Advanced Spine and Pain — are falsely advertising the effectiveness of supplements that contain cannabidiol, commonly known as CBD. The products are marketed under names such as “Hemp Oil,” “CBD Softgels,” “CBD for Dogs,” “Liquid Gold Gummies,” and “CBD Oil.”
One company in particular — Nutra Pure — advertises that scientific research supports their claims that their CBD product is an effective anti-seizure medication.
While there is a race among cannabis cultivators to have the largest greenhouse in the world, the race is on for medical cannabis biotechs to create a synthetic form of CBD, one that is not derived from the cannabis plant, but cooked up in a lab.
Greenhouses packed with those verdant, pungent plants could become relics of the past, because if you’re a medical cannabis patient, it’s not the plant that you need, it’s the cannabinoids — and both THC and CBD can be synthesized. For medical marijuana pharmaceutical companies, synthetic cannabinoids could cut massive costs of growing the plant and quicken the FDA approval process. The first company to create and patent a CBD compound would command a serious edge in this fast-growing industry.
It’s not uncommon to mistake CBD, or cannabidiol, for marijuana. Some fear it will get them “high,” after all, it does come from the cannabis plant. However, the increasingly popular CBD is the non-psychoactive compound found in cannabis that is known to have potential health benefits. It’s sold in a variety of forms from oils to topicals to candies and capsules, and it’s becoming less of a stranger to the Greeley and Windsor communities.
Co-owner of Gold Care CBD in Greeley, Josh Gutierrez says they go through about 200 to 300 bottles of their 680+ Full Spectrum Hemp Extract every week between selling it in store and to local and New York City-based wholesale clients. One 30 milliliter bottle has 680 milligram of full spectrum hemp oil and runs $45 per bottle.
The bumpy road of cannabis and how actively navigating it makes all the difference
GREENWICH, CT, USA, April 1, 2019 /EINPresswire.com/ — Fotis Georgiadis, owner of the blog by his namesake, is a branding and image consultant specialist with a robust background and is a visionary interviewer. With a knack for pulling out a well rounded interview, not only covering cutting edge technologies and corporate directions, but also bringing out the personal side of the interviewee.
The cannabis industry has gone from an obscure, ‘back room only’, marketplace to a robust and thriving industry. There are still a lot of misconceptions and misunderstandings about cannabis, marijuana and hemp. The passage of the 2018 Farm Bill has helped clarify some things, easing restrictions on hemp, the non-THC cannabis plant, in contrast to marijuana, which is the THC containing plant. THC is the component that gives the ‘high’ while CBD, found in both strains, has the health benefits.
SEATTLE, April 01, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing how technology trends are reshaping the industry.
Imagine scanning the QR code of a product on a dispensary shelf with your smartphone and instantly seeing not only the exact cannabinoids makeup of that specific product, but also exactly when and where the cannabis was grown.
Technological advances have significantly improved operations and lowered the cost of doing business across nearly every major industry—and the cannabis industry is no different. In addition to improving
When I tell people that marijuana stocks may be one of the best investment opportunities of their lifetimes, I think their minds usually go to the more dramatic story of “legal weed” — like the “cannabis cafés” popping up everywhere from West Hollywood to Alaska.
However, I’ve long thought that its non-psychoactive cousin, cannabidiol (CBD), could be the real growth opportunity.
But don’t take my word for it. CVS Health Corp (NYSE:CVS) and Walgreens Boots Alliance(NASDAQ: WBA) apparently see the same thing.
In the last week, both CVS and Walgreens have announced that they will start selling CBD in several different states. (Specifically, the topical creams, etc., for pain relief.) We’re talking about huge pharmacy brands; CVS stores in particular are ubiquitous in major U.S. cities — and now that it’s operating Target (NYSE:TGT) pharmacies, that goes for the suburbs, too.
Comedy movie moguls Seth Rogen and Evan Goldberg announced Wednesday the launch of Houseplant, a recreational Canadian cannabis company in collaboration with Ontario-based grower Canopy Growth.
“Houseplant is the result of years of experience and dedication, with each element and expression thoughtfully designed to make it easier for people to learn to love cannabis as much as Houseplant does,” the company said in a press release.
The two Vancouver natives have teamed up on popular films projects including “Superbad,” “Pineapple Express,” “The Interview” — and now cannabis.
By Tom Milstead Torrington Telegram Via Wyoming News Exchange
TORRINGTON — The Goshen County economy has taken some blows in recent years. First, the Wyoming Ethanol production facility closed its doors and sent 20 employees out into the cold. The shutdown facility was a blow for local agriculture as well, as it bought 3.5 million bushels of corn per year. Then came the long, drawn-out shut down of the Western Sugar beet sugar processing facility, which had been in operation in Torrington for nearly 100 years. Almost 200 people lost their jobs in the shutdown, and were turned out into a local economy that simply can’t support them. The rotting hull of the factory looms in the city’s modest skyline, where it stands as a token of Torrington’s bad luck. It’s a sign that unless some company or entrepreneur decides to take a stake in Torrington, the future is – at best – uncertain.
By Rick Armstrong, producer, and Gerald Owens, anchor/reporter
RALEIGH, N.C. — In North Carolina, cannabidiol oil, or CBD oil, is booming. Now, a new federal farm bill is bringing tighter regulations to the popular substance.
CBD oil comes from hemp plants and is already popular in many products made in North Carolina. Hemp “flowers,” which come from hemp plants, are a cousin of marijuana but without the psychoactive effects.
For Garrett Perdue, the CEO of Root Bioscience, hemp flowers are the core of his company’s future.
Cannabis is one smokin’ industry. CBD, hemp, medical marijuana, and recreational marijuana are making headlines in all news sectors including politics, finance, health, wellness, cosmetics, and fashion.
While the cannabis industry is one of the hottest industries, marketing cannabis can be quite the buzzkill. This is especially true if you are trying to use Google Ads and social ads such as Facebook or Twitter.
Even the Super Bowl rejected a PSA-type ad promoting the legalization of medical marijuana, deeming it inappropriate and not up to the broadcaster’s standards.