CV Sciences Inc (CVSI)

[BadKarmaKyle]

Exactly. Additionally, as to your point regarding questionable sales, look at the CVSI receivables, up a good bit from a year ago. Way too much for a business booking the sales it has claimed. The market value to sales ratio is still close to 100 to 1. A growth sector often is overvalued. And, it can remain overvalued for longer than one would figure would be reasonable.

As to the “Farm Bill”, The provision in the farming bill legalizing hemp doesn't necessarily mean anyone with a plot of land in the countryside will be allowed to grow it. There will be individual state regulations. And there will be license fees. And special hemp taxes to pay. A growing operation will have to keep meticulous records. Bird dogs will snoop around on a regular basis.

The result is we will likely witness the sudden emergence of dozens of OTC companies getting into the hemp production business.

Lastly, CBD companies who don’t abide by the nutraceutical disclaimer; These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease or illness. * are likely to receive one of the FDA letters or cease and desist orders referenced below;


https://www.naturalproductsinsider.com/regulatory/fda-warns-drug-manufacturer-marketing-cbd-products