The biggest CBD news stories for the week of July 26 are mentioned here:
- A warning letter is sent to Curaleaf, the most valuable cannabis company in the US, about unsubstantiated CBD claims by FDA
- John Isner has partnered as first CBD endorsement with CBD drink company DEFY, co-founded by Terrell Davis
- A study has revealed that compounds in cannabis are 30 times stronger than aspirin in relieving pain
- A ban on the hemp flower is under consideration by North Carolina lawmakers due to law enforcement complaints
Table Of Contents
- CBD Warning Letter Is Sent to Curaleaf By FDA
- John Isner Partners With DEFY as Tennis’ First CBD Support
- Research documents in Production of Cannabis Compounds That Are Stronger Than Aspirin
- Hemp Flowers May Be Banned In North Carolina
CBD Warning Letter Is Sent To Curaleaf By FDA
On Tuesday, it was announced that a warning letter was sent to the Curaleaf for making unverified claims about its CBD products by FDA.
Curaleaf is the most valueable cannabis company in the US which sells both CBD products made from hemp and THC products made from marijuana.
In its letter, the FDA has identified lotion,tincture, patch, vape pen, and pet tincture by the Curaleaf as culprits.
The claims by Curaleaf on both its social media accounts and website that these products could relieve anxiety, pain and ADHD was shown as an example by the agency.
Curaleaf said that they “immediately reviewed its website and social media platforms extensively to remove all statements that FDA identified as non-compliant after receiving the letter.”
The FDA asked the company to resolve these issues within 15 days of receiving the letter.
On Tuesday, acting FDA Commissioner Ned Sharpless said in his statement “Selling unauthorized products with unverified therapeutic claims —such as claims that CBD products can cure serious diseases and conditions— can expose the patients and consumers at risk by leading them to put off important medical care.”
FALL OUT AND RESPONSE OF CURALEAF
This news results in Curaleaf’s stock to drop by as much as 14 percent on Tuesday.
It causes a total loss of 6 percent by the end of the day.
CVS were selling the products from Curaleaf since March; had also removed their products from their stores.
CVS’ Senior Director of Corporate Communications, Mike DeAngelis, said a statement that “we will be removing these items from our CBD offering following the FDA’s warning letter to Curaleaf. We have no plans at this time to resume these products for selling once they are removed from our stores.”
It was declared on Friday morning by the Curaleaf that all the issues raised in the regarding its CBD product marketing had been resolved.
The company deleted the health claims made on its social media accounts and website, and removed third party links, and its Curaleaf Hemp blog.
Curaleaf also declared that it had already discontinued some of the products the FDA mentioned in its letter.
Joseph Lusardi, CEO of Curaleaf, in the statement said, “Our industry needs, desires and acknowledges the action the FDA is taking to ensure the regulation and compliance in the CBD marketplace.”
We have great concern for our customers and making a difference in the industry,
“We deeply care about our customers and making a difference in our industry. Curaleaf is committed to being an principled and responsible company and working in compliance with FDA to be a superior in our industry, by setting the standards and instructions to provide best service to our customers and the communities we serve.”
John Isner Partners With DEFY As Tennis’ First CBD Endorsement
John Isner, currently at 14th position in the ATP Singles ranking, has become the first professional tennis player to sign a CBD endorsement deal.
Isner signed with DEFY, the CBD-infused drink company co-founded by former NFL running back Terrell Davis.
Inser said in a statement that he played a sport in which difference of a single point can be the reason for winning and loosing the match and Defy is a product specifically deliberate to put me in a position to perform on every single point. It’s great to know that Defy as a company and he is looking forward forward to work with them to help people to perform better through CBD.
While playing matches Isner will wear a DEFY patch on his hat and drink DEFY products.
The World Anti-Doping Agency’s (WADA) drug regulations are followed by the ATP, which started allowing athletes to use CBD back in 2018.
Davis was recruited into the Pro Football Hall of Fame in 2017 and spent his whole time (1995-2001) with the Denver Broncos winning two Super Bowls.
His career got shortened by injuries, and he thinks that he would have played for a longer time if CBD had been available to him.
Professional sports organizations recently plan to conduct research on CBD, such as the the UFC and the NFL .
Research Documents In Production Of Cannabis Compounds That Are Stronger Than Aspirin
A study in the “photohemistry” journal has found out that how little known compounds in cannabis have pain relieving ability 30 times than that of the aspirin.
A study was conducted on two flavoniods called cannflavin A and cannflavin B, a type of plant compounds in almost all the vegetables and fruits, at the university of Guelph in Canada.
The scientists specifically evaluated the biosynthesis, the production of molecules in the body, of these flavonoids; this process has ever been documented for the first time.
It was found that the Cannflavin is about 30 times stronger than the aspirin by weight in reducing inflammation, in a Research in 1984, by the Royal College of Surgeons of England and the University of London.
It was suggested by these evidences that cannflavins could be a good alternative to opioids as pain reliever.
The study’s author, Triq Akhtar, Ph.D., said that there is a need to a need to invent substitute for relief of acute and chronic pain that go beyond opioids. According to him, these molecules are non-psychoactive, and are ideal painkillers by targeting the inflammation at the source.
According to Inverse, Akhtar has requested for a US patent
Hemp Flower May Be Banned In North Carolina
Legislation has been approved by the the lawmakers in North Carolina to ban the hemp flower after the claim by law enforcement that legalizing it will impede the law enforcement efforts.
Law enforcement is against the bill while farmers are in favor of it as North Carolina is trying to expand the state’s hemp program.
In response to the police complaints, The expansion bill was revised by the Republicans in the House to ban smokable hemp flower as early as December 2019.
This has left many farmers worried about their investments into cultivating hemp as flower is the most profitable part of the plant.
Pat Short, a farmer and commission member, said that they could not pull the rug out from under our farmers at this time. According to him they’ve to support them if they’re in the middle of a crop as they’ve made a huge
The senate has made a compromise to ban hemp flower in December 2020 in response to the farmers’ concerns
The compromise permits farmers to use the hemp flower on their current crop; however, it gives time for law enforcement to find a way to differentiate between marijuana flower and hemp flower efficiently.
Law enforcement in other states that have recently legalized hemp, such as Texas, are expressing its concern that it will be challenging to execute the laws related to cannabis due to the similarities between the two plants.
