FDA’s Warning On CBD: Cannabis Stocks Drop, Companies Object

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FDA’s Warning On CBD: Cannabis Stocks Drop, Companies Object
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The FDA on Monday released a consumer update for CBD and warned the compound could cause liver damage—causing major cannabis-related stocks⁠ to drop by lisettevoytko

Additional guidance from the FDA. The agency said it would release more information in the coming weeks.

Publicly traded companies with CBD interests will “probably end up reaping the rewards of more FDA clarity because people will come to responsible, legitimate producers of CBD products,” according to Matt Markiewicz, managing director of the Cannabis ETF, which tracks CBD and THC companies.Pink Collections Inc., of Beverly Hills, CaliforniaWhole Leaf Organics LLC, of Sherman Oaks, CaliforniaApex Hemp Oil LLC, of Redmond, OregonSunflora Inc.

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