Again you are mistaken stating that "the smoking of the plant is strictly prohibited" but "They can use parts of the marijuana plant such as THC as approved by the FDA "
The FDA approval for THC is not universal. Companies are allowed to create drugs using THC or other components of marijuana but each specific drug that contains THC must be approved by the FDA after full approval process including the phase 1, phase 2 and phase 3 trials that prove the benefit of the drug outweighs the risk. So far all the approved drugs are scheduled drugs and require a prescription from a Doctor licensed to dispense the specific schedule of those drugs. Not every doctor can prescribe every drug.
From whitehouse.gov on FDA approved THC:
"It is also important to know that the Food and Drug Administration (FDA) has approved medical use of isolated components of the marijuana plant such as THC, the active ingredient in marijuana and related synthetic compounds. Dronabinol is one synthetically produced compound used in the FDA-approved medicine Marinol (a Schedule III drug). Marinol is legally available by prescription from physicians for patients who suffer from pain and chronic illnesses such as cancer and AIDS. Another FDA-approved medicine, Cesamet, contains the active ingredient Nabilone (a Schedule II drug), which has a chemical structure similar to THC. And Sativex, an oromucosal spray approved in Canada, the UK, and other parts of Europe for the treatment of multiple sclerosis spasticity and cancer pain, is currently in late-stage clinical trials with the FDA. It combines THC and another active ingredient in marijuana, cannabidiol (CBD), and provides therapeutic benefits without the “high” from the drug."
Again, this just does not apply to a supplement company.
Now on to the stuff we agree on. I was 100% with you on the idea that FITX has been using the current hype around publicly traded companies in the Medical Marijuana field to pump the stock. Until they said they were not violating federal law, I was initially kind of amused by them referring to the Hemp products that way even though I felt is was disingenuous at best. However I thought most people would know the difference and was bothered that the ruse was so easily accepted.
I will reiterate that my attitude towards FITX changed when they went from misleading statements that should not have been that difficult to see through to publishing outright lies. Prior to that point my biggest problem with the company had been the repeated pump and dumps designed to enrich the insiders at the expense of the rest of the shareholders. These were also followed by misleading statements that should have been easy to see through like "the company is not selling stock to raise revenue" when it was clear that individuals on the inside were doing so for personal gain.
The problem with the pumps are they are not designed to stabilize the share price but to drive up interest in the company to allow the massive share dumps by the insiders. The other problem is that this process is constant--4 out of the last 5 months.
Finally--The real money to be made should be with Cenergy as those products are really high end, should be extremely effective and are not outrageously priced. If management had concentrated on manufacturing and distributing these products rather than printing and distributing shares and press releases I would have been one of the company's biggest cheerleaders.
