Facebook Twitter Instagram
    Monday, September 25
    • Home
    • Affiliate Disclosure
    • FTC Statement
    • Privacy Policy
    • Disclaimer
    Facebook Twitter Instagram LinkedIn
    Cannabis illumination
    Green 85
    • Home
    • Cannabis Media

      Cannabis Day 2023

      September 24, 2023

      Cannabis Legalization In Canada Is NOT What You Think! Here's The TRUTH

      September 23, 2023

      Up Close & Personal with Cannabis Oil [Trailer] A Truw Media film #‎darkcitygreenseed‬

      September 22, 2023

      O'Cannabiz Industry Insights (Vol.11): Cannabis Extraction Standards and Compliance in Canada

      September 20, 2023

      Green Way Investments – Earn 0.88% to 1.18% daily in Medical Cannabis passively. No product sales.

      September 19, 2023
    • Cannabis News

      These People Are Testing Drugs So You Don’t Have to | Free Drugs

      September 24, 2023

      Cannabis News – Slow and Steady Wins the Race, Eventually | Ep. 233 | 9-26-2018

      September 23, 2023

      JHB CBD Fire | ‘There were shacks inside, R1200 rent was collected monthly, water, lights were free’

      September 22, 2023

      UK Medical Weed – Grow Pharma Hellfire OG

      September 21, 2023

      NYC Cannabis News: who received a license who who did not.

      September 20, 2023
    • Cannabis Products

      All About Cannabis and Growing Indoors

      September 25, 2023

      All about cannabis seeds. Watch before you buy!

      September 23, 2023

      Medical Cannabis: What is New and Changing | Arthritis Talks

      September 22, 2023

      Private Social Clubs and Cannabis Culture in South Africa: An Inside Look at Green Mammoth

      September 21, 2023

      Water Based Extraction of Cannabis

      September 20, 2023
    • Shop
    Cannabis illumination
    You are at:Home»Blog»Federal Trade Commission issues refunds to CBD buyers, here’s why

    Federal Trade Commission issues refunds to CBD buyers, here’s why

    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Green 85


    This article was written by Joana Scopel and originally published on Benzinga.

    Recently, the Federal Trade Commission (FTC) announced that it will send payments to 576 consumers across the country who purchased ‘deceptively marketed’ cannabidiol (CBD) products from Arizona-based Kushly Industries LLC.

    According to a federal agency statement, “consumers will receive a PayPal (NASDAQ: PYPL) payment or check in the mail. The deadline for consumers to cash their checks is November 22, 2022. PayPal payments must be claimed by September 23, 2022.” In addition, each consumer will receive an average of $36 each.

    In total, the FTC will return approximately $21,000 to consumers deceived by Kushly’s unsubstantiated claims about its CBD products.

    Related

    Weed buyer beware: THC inflation is getting out of hand

    Working to promote competition and protect and educate consumers

    2020-marijuana-sales-record

    To protect CBD consumers’ rights, FTC initiated a complaint in March 2021 against Kushly and its CEO Cody Alt, alleging that the company “made false or unsubstantiated claims that their CBD products could effectively treat or cure a range of conditions, from common ailments, such as acne and psoriasis, to more serious diseases. including cancer and multiple sclerosis.”

    At that time Daniel Kaufman, acting director of the FTC’s Bureau of Consumer Protection, said, “This is the seventh case we’ve brought against CBD sellers who should know better than to make unsupported health claims for their products.”

    The complaint alleged that the company “falsely claimed that scientific studies or research had shown that CBD products effectively treat, mitigate, or cure diseases, including hypertension, Parkinson’s disease, and Alzheimer’s disease.”

    Related

    What’s the difference between CBD and THC?

    The role of the FTC and FDA in CBD regulation

    Glass Bottle and Dish of CBD or THC Oil with Hemp or Cannabis Buds on Aqua Blue Background

    The two bureaus that work together to regulate CBD products are the Federal Trade Commission (FTC) and the Food and Drug Administration (FDA).

    FTC 

    The FTC has the primary mandate to protect public health and promote competition in the CBD market.

    Through FTC’s Operation CBDeceit, which was launched last December 2020, they’re hunting down CBD companies who have been advertising their product on their websites and social media platforms with false health claims.

    For consumers, the FTC has also made it easy for them to receive support concerning fake or questionable CBD products.

    FDA 

    The FDA protects public health by ensuring the safety and efficacy of consumer products, including cannabis and cannabis-derived products.

    The FDA is the main bureau that approves new CBD products. According to the Food Drugs and Cosmetics Act:

    • CBD shouldn’t be labeled as dietary supplements
    • CBD cannot be added to food for humans and animals

    Marijuana copycat products, extremely dangerous for children

    In addition, FDA said that THC edibles can be easily mistaken for commonly consumed foods such as breakfast cereal, candy, and cookies, and accidentally ingested, which can lead to adverse events, especially in children.

    A study led by researchers at NYU School of Global Public Health revealed that “copycat” edibles can have levels of tetrahydrocannabinol or THC “that far exceed the limits set by state cannabis regulations” and may be easily confused for popular snack foods.

    In June, the FDA issued a warning to all consumers about the accidental ingestion by children of food products containing THC.

    Benzinga's Bio Image

    Benzinga

    Benzinga’s mission is to connect the world with news, data, and education that makes the path to financial prosperity easier for everyone, every day.

    View Benzinga’s articles

    By submitting this form, you will be subscribed to news and promotional emails from Leafly and you agree to Leafly’s Terms of Service and Privacy Policy. You can unsubscribe from Leafly email messages anytime.

    Green 85
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article2 Chainz Smokes Out of a $10,000 Bong | Most Expensivest Sh*t | GQ
    Next Article How to Get Your State Cannabis Manufacturing License

    Related Posts

    Best Dispensaries in San Francisco 2022

    September 21, 2023

    Best Dispensaries in Tucson for 2023

    September 21, 2023

    Best Dispensaries in Connecticut for 2023

    September 21, 2023
    Green 85
    Recent Posts
    • All About Cannabis and Growing Indoors
    • These People Are Testing Drugs So You Don’t Have to | Free Drugs
    • Cannabis Day 2023
    • All about cannabis seeds. Watch before you buy!
    • Cannabis News – Slow and Steady Wins the Race, Eventually | Ep. 233 | 9-26-2018
    Green 85
    Don't Miss

    All About Cannabis and Growing Indoors

    These People Are Testing Drugs So You Don’t Have to | Free Drugs

    Cannabis Day 2023

    All about cannabis seeds. Watch before you buy!

    Popular Posts

    All About Cannabis and Growing Indoors

    September 25, 2023

    These People Are Testing Drugs So You Don’t Have to | Free Drugs

    September 24, 2023

    Cannabis Day 2023

    September 24, 2023
    Recent Posts
    • All About Cannabis and Growing Indoors
    • These People Are Testing Drugs So You Don’t Have to | Free Drugs
    • Cannabis Day 2023
    • All about cannabis seeds. Watch before you buy!
    • Cannabis News – Slow and Steady Wins the Race, Eventually | Ep. 233 | 9-26-2018
    Latest Posts

    New York Marijuana Legalization Bill Signed By Governor Cuomo

    April 1, 2021

    As 4/20 Passes, The Inequalities In Cannabis Policy Are Still Evident

    April 21, 2021

    NFL Marijuana Testing Drastically Scaled Back Under New CBA

    April 30, 2021
    Copyright © 2023. FOR SALE: This Domain & Website is For Sale. Please Call 360 256-1117 or Email thewaymarketing88@gmail.com For All the Details.

    Type above and press Enter to search. Press Esc to cancel.