Balancing Between FDA Concerns And Industry Stability: CBD Industry Veterans Launch Alliance
Portfolio Pulse from Nina Zdinjak
A coalition of top cannabidiol (CBD) companies, ONE HEMP, has been launched to advocate for legislation and FDA regulation of hemp-derived CBD products as dietary supplements. The alliance includes major industry players such as Charlotte’s Web (OTCQX:CWBHF), BayMedica, Brands, FSOil, Hemp Beverage Alliance, Kazmira, MAD TASTY, Open Book Extracts, and Wyld. The coalition was formed in response to the FDA's decision not to regulate CBD products as food and dietary supplements and the subsequent potential framework presented by the agency.
September 19, 2023 | 4:31 pm
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Charlotte’s Web is part of the newly formed ONE HEMP alliance, advocating for FDA regulation of hemp-derived CBD products as dietary supplements. This could potentially lead to increased market stability and consumer trust in the industry.
Charlotte’s Web, as part of the ONE HEMP alliance, is actively advocating for FDA regulation of hemp-derived CBD products. If successful, this could lead to increased market stability and consumer trust, potentially positively impacting the company's stock in the short term.
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