Without doubt the FDA inaction has killed hemp and CBD stocks.
75% of consumers think the farm bill made CBD FDA approved. They believe they are safe and the product is regulated.
This has allowed start up companies, many of whom are frauds, to sell their product with consumer confidence it is safe and monitored. It's not.
Legit companies, that behave like their product is an FDA approved dietary supplement, are hemmoraging sales to pop up companies with zero investment.
Additionally lack of legality is keeping companies like CVSI from uplisting.
The market is expanding rapidly, but bad actors are benefiting.
However, the House passed an amendment in the budget forcing the FDA to address this. And the Senate is adding similar but even more focused language. They vote for a budget deal by December 20th. If they course correct the FDA we should expect guidance within 120-180 days. Maybe sooner. The FDA has been approving drugs in 10 weeks, they can make this happen if they want.
News 
Market Data 
Discover 
AI
