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Wednesday, November 13, 2019 3:31:08 PM
"Topicals account for less than 15% of our sales at independent stores that carry both our topical and ingestible CBD product lines. This indicates the potential revenue catalyst of a broad adoption of ingestible products within the FDM channel. We are prudently investing in the expansion of our production and distribution capacities as planned, ahead of anticipated FDA regulatory clarity that could enable wider adoption of our product portfolio. We remain hopeful that broad political support will help drive quick regulatory resolutions in 2020."
https://s22.q4cdn.com/636117063/files/doc_financials/2019/q3/CW-Nov-13-2019-Q3-19-Earnings-Release-(3).pdf
The FDA regs prevent CW from selling at these national retailers where it has a footprint and access to many, many consumers at 1000's of locations. The lack of FDA regs directly prevent CW from selling at outlets where, if this figure is extrapolated, it could sell higher-margin ingestible products like hemp extract.
So you aren't wrong that FDA regs are a problem. I just wonder if it has less to do with competition then it has to do with a direct prohibition on selling. I don't think Acme Brand CBD is impacting CW, CVSI, or anyone else in a material way.
The only reason I see the sales as a negative is because you had to do that to maintain sales due to so many new brands who are selling CBD products at fire sale price points. This is 100% due to the lack of FDA regs.
Maybe I'm missing something.
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