ETFMG Market Segment Expert in Forbes

FDA Warning Letters Highlight CBD Industry’s Wild West Attitude

The Food and Drug Administration on Monday issued warning letters to 15 companies for illegally selling products containing Cannabidiol (CBD) in ways that violate the Federal Food, Drug, and Cosmetic Act.
The FDA also released a revised Consumer Update detailing its new safety concerns about CBD products, in particular the safety of CBD in food. The FDA said it couldn’t conclude that CBD is safe for use in human or animal food.
Cannabidiol, commonly known as CBD, is a compound in the cannabis plant that is used for anxiety, pain, Parkinson’s disease, Crohn’s disease, and many other conditions, but there is no good scientific evidence to support these uses.
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