E-Commerce Giants Exposed: 'Hemp Gummies' On Amazon Mask Unsafe Delta-8 THC Levels, New Report Reveals
Portfolio Pulse from Patricio Liddle
A study by CBD Oracle revealed that 'hemp gummies' sold on Amazon, Walmart, and eBay contain illegal levels of delta-8 THC, violating federal regulations. The research, which tested 56 products from Amazon, found 30% contained undeclared CBD and 43% had no hemp ingredients. Three products had dangerously high delta-8 THC levels. The report calls for action from these platforms to address misleading marketing and product safety.
March 20, 2024 | 5:13 pm
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NEGATIVE IMPACT
Amazon's marketplace was found selling 'hemp gummies' with illegal delta-8 THC levels, violating federal regulations and misleading consumers.
The negative publicity from selling products with illegal substances could harm Amazon's reputation, potentially leading to a short-term negative impact on its stock price. The call for action suggests possible regulatory scrutiny or changes in policy that could affect Amazon's operations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
eBay's listings included in a report for selling 'hemp gummies' with prohibited delta-8 THC levels, misleading consumers.
eBay being mentioned for allowing the sale of illegal products could tarnish its brand and potentially lead to a short-term negative impact on its stock. The company may face pressure to improve its monitoring and enforcement mechanisms to prevent such listings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Walmart's online platform implicated in selling 'hemp gummies' with unsafe levels of delta-8 THC, against federal regulations.
Similar to Amazon, Walmart's inclusion in the report could negatively affect its public image and lead to a short-term dip in stock price. The potential for regulatory action or the need to overhaul product vetting processes could introduce operational challenges.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80