Charlotte's Web Holdings Inc (CWBHF)

[DarthYoda]

Probably a good time for some around here to tuck tail and run...

"Q&A: Global Widget CCO says CBD industry at regulatory ‘tipping point’
Feb 9, 2021

Q: What unique challenges and opportunities does the CBD industry face from a compliance and regulatory standpoint?

A. The industry is at a tipping point. In terms of opportunities, if you’re embracing CGMP, it puts you in a really good position for when the FDA starts examining companies.

The challenge is there are other competitors in the marketplace that are not taking that approach and, unfortunately, that taints the whole industry. You have a lot of people who are working really hard to produce high-quality products pursuant to CGMP, but, as in so many industries, you have so many who are just trying to get by with the minimum. As time moves forward, and the FDA finally release its regulations, we will be well-positioned because there will be a lot of consolidation in the marketplace. A lot will fall out, and it’s only going to be those that have invested time and resources that are going to remain.

https://www.complianceweek.com/regulatory-policy/qanda-global-widget-cco-says-cbd-industry-at-regulatory-tipping-point/30025.article