Puration Inc (PURA)

[Atinus]

CBD may be commercially available in the U.S. locally but that does not make it federally legal. The combination of the DEA March 2017 statement on CBD I attached at https://www.deadiversion.usdoj.gov/schedules/marijuana/m_extract_7350.html and the Attorney General's statement means that you could be looking at major busts of U.S.-based companies selling CBD. In the meantime, the SEC has begun cracking down on publicly traded companies in the cannabis arena: https://www.sec.gov/news/pressrelease/2017-62.html That's three entities you do not want looking at a publicly traded company. The whole U.S.-based industry on CBD depended on an Obama DOJ interpretation of the law that is clearly no longer valid. I will grant that this differs from what local officials have been saying about the matter. It is possible states will ask Congress to clarify the law but until they do the risks appear to have substantially increased.