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Re: wrenchman post# 29733

Friday, 10/05/2018 1:51:45 PM

Friday, October 05, 2018 1:51:45 PM

Post# of 76149
Wrenchman, I assume most people on this board are into cannabis stocks, and so have done their research. If so, then they all know many West Coast MJ companies are in trouble right now because of “labeling” issues. What is important to know about labeling is not that these companies do not know how to make or read labels. Instead, the FDA is saying their products do not meet the stated claims on their labels. Thus, if a company claims their product contains some percentage of CBD, then it must consistently meet that claim from one batch to the next. Also, any claim of a “quality” product must meet Best Industry Standard and/or Good Manufacturing Processes. This means constant testing at every stage of planting, cultivation, and processing. Testing and documentation are key to product approval.

The reason so many West Coast MJ companies are not meeting the required standards is because so many started out as “pot” companies. However, AGRiMED did not start out that way and still is not a “pot” company. AGRiMED was started and still is a Biopharmaceutical Company with the stated goal of producing medical grade cannabis products. This is precisely the type of company the big pharma, alcohol, coffee, tobacco, and dietary supplement companies are currently looking for.