Connect with us

Cannabis News

FTC Warns Three CBD Companies About Unfounded Health Claims

Daniel King

Published

on

FTC Warns CBD Companies

The Federal Trade Commission announced Tuesday, September 10, it has sent letters to three CBD companies cautioning them about the use of health claims that have no reliable scientific evidence to promote their products.

The FTC has refused to name the three CBD companies. However, the agency did go into some detail regarding the health claims that each company had made.

“One company’s website claims CBD ‘works like magic’ to relieve ‘even the most agonizing pain’ better than prescription opioid painkillers,” the FTC revealed in a statement. “To bolster its claims that CBD has been ‘clinically proven’ to treat cancer, Alzheimer’s disease, multiple sclerosis (MS), fibromyalgia, cigarette addiction, and colitis, the company states it has participated in ‘thousands of hours of research’ with Harvard researchers.”

Company two, on the other hand, is said to had claimed that CBD can treat autism, anorexia, bipolar disorder, post-traumatic stress disorder, schizophrenia, anxiety, depression, Alzheimer’s disease, Lou Gehrig’s Disease (ALS), stroke, Parkinson’s disease, epilepsy, traumatic brain injuries, diabetes, Crohn’s disease, psoriasis, MS, fibromyalgia, cancer, and AIDS. It was also reported that the company promotes CBD as a “miracle pain remedy” for acute and chronic pain, as well as for pain stemming from cancer treatment and arthritis.

Lastly, the third to get the warning letter is said to have advertised CBD gummies as an effective treatment for “the root cause of most major degenerative diseases, including arthritis, heart disease, fibromyalgia, cancer, asthma, and a wide spectrum of autoimmune disorders.”

In addition, the company had also claimed that CBD cream can cure arthritis pain, and CBD oil serves as a good treatment alternative for “depression, PTSD, epilepsy, heart disease, arthritis, fibromyalgia, and asthma.”

According to FTC, the use of unfounded health claims to promote CBD products could result in forced reimbursements to those who had purchased the items and even federal injunction. To date, the agency is giving the company a 15-day allowance to reply and provide details about the steps they have taken to address the concerns presented by the agency.

Earlier this year, the FTC, along with the Food and Drug Administration (FDA), had joined forces to send a previous round of letters to three CBD companies concerning their use of unproven health claims to sell their products.

“Before making claims about purported health effects of CBD products, advertisers need sound science to support their statements,” the FTC wrote on its website. “The takeaway tip for anyone in the industry is that established FTC substantiation standards apply when advertisers make health-related representations for CBD products.”

Cannabis News

Cannabis Startup Demecan Raises €7m in Series A Funding

Jordan Webber

Published

on

Cannabis Startup Demecan Raises €7m in Series A Funding

German cannabis startup company Demecan raised €7 million in the recent Series A Funding round. Demecan is the only German company in the country which has been allowed by the government to manufacture medical cannabis.

Tech investor btov Partners led the Series A Funding round. Apart from the btov Partners, the other investor for the round includes a German entrepreneurial family office named Single Office Family. Single Office Family hails from a consumer goods industry, notes Der Brutkasten.

In a statement, spokesperson Jennifer Phan of btov Partners said “Demecan operates in a very attractive market at the right time. Germany currently represents the third-largest market for medical cannabis in the world and is on a growth path. We believe that the company has a first-mover advantage in a highly regulated market environment, especially as it is the only German manufacturing and trading company in the European market.”

The cannabis law in Germany allows the use of medical marijuana but with certain medical context. Patients who have sought a doctor and “have no therapeutic alternative” can use MMJ. Recreational use of cannabis is illegal.

Demecan’s Plan to Expand it’s Medical Cannabis Market

Through its funding, the German startup revealed they “are now focusing on further growth and the start of production in 2020,” says co-founder Dr. Constantin von der Groeben. In the same way, the business expressed excitement over the support and partnership of the tech investor. Another co-founder of Demecan, Dr. Adrian Fischer, states that having reliable partners is essential for their success in the field.

Demecan’s financing and government approval entail the company will be legally allowed to manufacture at least 2,400 kilograms of dried cannabis flowers for medical purposes within the next 4 years, reports Tech Crunch. The contract for production came from the Federal Institute for Drugs and Medical Devices (BfArM) in Germany.

Part of the funding will be geared towards the improvement and expansion of their production facilities. Meanwhile, some of the financing raised by the company will go towards its wholesale distribution in Germany.

Starting in 2020, the company will start its production and supply of medical marijuana in partnership with the Federal Republic of Germany. According to EU Startups, the cultivation and processing site of these cannabis flowers are located near Dresden.

Apart from being granted permission to produce dried cannabis flowers for the medical industry, Demecan will also be allowed to distribute and sell medical cannabis within the nation.

Besides the German cannabis startup company, two other companies from Canada obtained contracts from the government last May 2019 to produce and provide medical marijuana in the country.

The demand for medical marijuana increased after it was legalized in the country last 2017.

Continue Reading

Cannabis Legalization

Pennsylvania Rep Files a Bill to Allow Recreational Marijuana in State-Run Liquor Shop

Jordan Webber

Published

on

PA Bill to Allow Recreational Marijuana on Liquor Store

A lawmaker from Pennsylvania introduced a bill on Wednesday, Oct 2, that would legalize the sale of recreational marijuana and allow cannabis to be sold in over 600 state-owned liquor stores.

David Delloso, a Democratic state representative, introduced House Bill 1899, which allows individuals aged 21 and above to legally possess and consume marijuana. Under the bill, sales of cannabis will be limited to businesses licensed by the state. The Pennsylvania Liquor Control Board (PLCB) would be responsible for administrating the production and sale of marijuana at the state-controlled stores.

“What I’m afraid of is, without this bill, if we don’t sell cannabis in the state stores, big corporate interests throughout the United States are going to come to Pennsylvania and they’re going to put corner stores up,” Delloso said. “They aren’t going to provide family-sustaining jobs, and all the profits are going to leave Pennsylvania.”

The medical marijuana in the state has been approved last April 17, 2016, with 17 initial qualifying medical conditions.

Economic Benefits to Pennsylvania

According to Pennsylvania’s Budget and Policy Center, over 18, 000 new jobs could be produced once recreational marijuana is to be legalized within the state. The bill also proposes that retail sales of cannabis be taxed at 19%, which could generate around $581 million per year for the state in new tax revenue.

“As an administrative agency tasked under current law with responsible, effective, and efficient regulation of the sale of wine and spirits in Pennsylvania, we generally leave policy discussions regarding the future of this agency up to the General Assembly and the Governor,” said press secretary for the Liquor Control Board, Shawn Kelly. “If, however, a new law presents the PLCB with additional or different duties and responsibilities, we would adapt accordingly.”

With the said measure, individuals convicted of possession of marijuana would have their criminal record expunged while inmates currently confined for such offenses would be released.  Employers would also no longer be able to fire or discipline employees if a drug screening shows the “presence of a nonintoxicating level of cannabis.”

“It is time for us to not just have a conversation but sit down and really look at details on how we can do this in Pennsylvania understanding that the support is there, the revenue will be there for us and we could do a lot of good things with those resources,” added State Rep. Jordan Harris, (D) Philadelphia County.

To date, the House Bill 1899 has been raised to the House Judiciary Committee for its consideration.

Continue Reading

Cannabis Legalization

Australia allocated $3m Fund for Medical Cannabis Research

Stacey Wellington

Published

on

AU $3m Fund for Medical Cannabis Research

The Australian Federal Government allocated A$3 million (US $2.03 million) for medical cannabis research in the country. Greg Hunt, the Australian health minister, made the announcement last Sunday, October 6, 2019, alongside Grease star Olivia Newton-John in a wellness walk held in Australia.

Research in the field aims to address the growing number of cancer patients within the nation and the potential ability of cannabis to provide relief and cure to these patients. The research will build upon existing studies to gauge the effectiveness of the plant in pain management and its potential side effects on users.

The government’s decision to fund research comes as more than 11,000 patients have been approved for medical marijuana use.

In a statement, Hunt said that “there have only been a limited number of well-designed clinical studies on medicinal cannabis, and we need to increase the evidence base to support medical professionals.” In line with the safety and security measures observed by the Australian government and its healthcare institutions, individuals who are given access to cannabis medication are required to only obtain these from accredited medical professionals.

Despite more than 10,000 individuals being given access to medical marijuana, the Grease star voiced her disappointment for other patients and individuals having little to no access to cannabis. She said “I’m a great proponent of it, for general health, for pain, for sleep, for anxiety. I really believe it is important in my journey”. Olivia Newton-John had been diagnosed with cancer, and she has admitted to using cannabis to manage her pain.

Newton-John spearheaded the annual Wellness Walk and Research Run held in Melbourne, Australia. The actress supported the event in the hopes of raising awareness about the plant and the wealth of benefits and possibilities that could come from using it. In a statement, the Grease actress said “they’ve discovered it hasn’t caused all the problems that people are afraid of. People need to let go of that old hippie thing,” when asked about the lack of advancement and accessibility of medicinal marijuana in the nation.

ACT Cannabis Law

While the Australian federal government is providing funding for medicinal cannabis research, recreational use is still largely prohibited on a federal level. However, through the Australian Capital Territory (ACT), six states and two main territories have filed to legalize the recreational use of the plant.

The ACT Law is slated to start on January 31, 2020, with some of its provisions conflicting with the current laws in place.

Continue Reading
Advertisement cbd oil
Cannabis Startup Demecan Raises €7m in Series A Funding
Cannabis News1 day ago

Cannabis Startup Demecan Raises €7m in Series A Funding

PA Bill to Allow Recreational Marijuana on Liquor Store
Cannabis Legalization4 days ago

Pennsylvania Rep Files a Bill to Allow Recreational Marijuana in State-Run Liquor Shop

AU $3m Fund for Medical Cannabis Research
Cannabis Legalization5 days ago

Australia allocated $3m Fund for Medical Cannabis Research

Square Digital Payment Solutions for Cannabis Companies
Cannabis & Technology1 week ago

Square Gives Payment Solutions to Cannabis Companies

DC Police Raids Dunpont Party Mansion
Cannabis News1 week ago

Police Raids Dupont Party Mansion, Finds Cannabis Pop-Up

Cannabis News1 week ago

Johnson & Johnson To Settle $20.4 million deal over Opioid Lawsuits

PA MMJ Program
Cannabis News1 week ago

MMJ Program in PA Interrupted Due to Software Problem

Cresco Labs
Cannabis Legalization2 weeks ago

Cresco Labs Gains State Approval To Grow Recreational Marijuana for Sale

Maine, Lobster, and Cannabis
Cannabis News2 weeks ago

Maine Restaurant Workers Switch to the Cannabis Industry

Mike Tyson Cannabis Farm
Cannabis News2 weeks ago

Mike Tyson to Bring Cannabis Business to the Caribbean

Raphael Mechoulam
Cannabis News2 weeks ago

Pioneer Cannabis Researcher Raphael Mechoulam, Announces New Discovery

Massachusetts Bans Vaping Products
Cannabis News3 weeks ago

Massachusetts Orders a 4-Month Ban on Vaping Products

Canberra Legalizes Cannabis
Cannabis Legalization3 weeks ago

Canberra Just Legalized Cannabis

European Commission Approves EPIDYOLEX
Benefits of Medical Marijuana3 weeks ago

European Commission Approves EPIDYOLEX

Fliptop Rapper Loonie, Arrested
Cannabis News3 weeks ago

FlipTop Rapper Loonie, Arrested in Buy Bust Operation

India Bans E-Cig
Cannabis News3 weeks ago

India Bans E-Cigarettes

Chicago's Recreational Marijuana Zoning Ordinance
Cannabis News3 weeks ago

Chicago Mayor Files Ordinance Regulating Sales of Recreational Marijuana

Canndescent Closes $27.5M Funding
Cannabis News4 weeks ago

Canndescent Closes $27.5M Series C Funding, Launches New Products

Curaleaf Cannabis Tablets
Cannabis News4 weeks ago

Curaleaf Launches Cannabis Tablets, The First in Florida

Teva Pharmaceuticals and Cannabis Market
Cannabis Legalization4 weeks ago

Teva Pharmaceuticals to Enter Cannabis Market

CBD Edibles for Your Halloween Party
Cannabis Recipes2 weeks ago

3 CBD Edibles for Your Halloween Party

Cartoons to Watch with CBD Edibles
CBD Drinks and Edibles4 weeks ago

Top 7 Cartoons to Watch with CBD Edibles

Cannabis Cookbooks
Cannabis Recipes4 weeks ago

The Best Cannabis Cookbooks To Have

US-Restaurants that Serve CBD Food and Drinks
Cannabis Lifestyle2 months ago

5 Restaurants That Serve CBD Infused Food and Drinks

Arizona Iced Tea
Cannabis News2 months ago

Maker of Arizona Iced Tea to Enter Cannabis Industry

Cannabis Drinkables
Cannabis News2 months ago

Big Alcohol Companies to Develop Cannabis Drinks

Cannabis-Infused Multi-Course Meals
Cannabis News3 months ago

Yellowknife Chef to Develop Cannabis-Infused Multi-Course Meals

4th of July Celebration
Cannabis Recipes4 months ago

Cannabis Recipes To Try this 4th of July

Ben & Jerry's CBD Ice Cream
Cannabis News4 months ago

Ben and Jerry’s Intends to Make CBD Ice Cream, Enter Cannabis Industry

Marijuana Books
Arts & Culture5 months ago

Reading Literature: 5 Marijuana Books to Add on Your Must-Reads

ESports and Cannabis
CBD Edibles5 months ago

CBD for E-Sports Gamers: 4 Things You Should Know

Cannabis-Infused Recipes
Cannabis Recipes6 months ago

4 Cannabis-Infused Recipes to Bring on a Labor Day Getaway

CBD Oil
Cannabis Recipes6 months ago

Cannabis in Pots: Tips for Cooking Meals With CBD Oil

Cannabis Recipes for Easter
Cannabis Recipes6 months ago

Cannabis-Infused Recipes for Easter

CBD Recipes
Cannabis Recipes6 months ago

3 Delectable CBD-Infused Recipes to Whip Up on 420

Recipes for Cannabis
Cannabis Recipes7 months ago

Cooking with Cannabis: 4 Ways to Improve Recipes

Herbal Teas
CBD Drinks and Edibles8 months ago

Taking Weed to New Heights: 4 Herbs to Consume with Cannabis

Cannabis Teas
Benefits of Medical Marijuana8 months ago

Top Five Cannabis Teas Every CBD Lover Swears By

Cannabis
CBD Edibles9 months ago

Three Fun Ways to Enhance Your Cannabis Experience

Weed Drink
CBD Drinks and Edibles10 months ago

Things You Need to Know Before Drinking Weed

CBD Edibles for Anxiety
Benefits of Medical Marijuana11 hours ago

Top 4 Best CBD Edibles For Anxiety

How To Tell Which CBD Products You Should Be Taking
Benefits of Medical Marijuana2 days ago

How To Tell Which CBD Products You Should Be Taking

European Commission Approves EPIDYOLEX
Benefits of Medical Marijuana3 weeks ago

European Commission Approves EPIDYOLEX

Pancreatic Cancer Treat
Benefits of Medical Marijuana2 months ago

Cannabis-Derived Compound Has Potential to Treat Pancreatic Cancer

DC Opens Marijuana Dispensaries
Benefits of Medical Marijuana2 months ago

DC Opens Marijuana Dispensaries to Out-of-State Patients

Cannabis and the Brain
Benefits of Medical Marijuana2 months ago

How Cannabis Affects the Human’s Brain

Cannabis Oil and Epilepsy
Benefits of Medical Marijuana2 months ago

Cannabis Oil Confiscation Risked Life of An Epileptic Girl

Cannflavins stronger than Aspirin
Benefits of Medical Marijuana3 months ago

Cannflavins Found to be 30 Times Stronger than Aspirin

CBD Oil and Strength Training
Benefits of Medical Marijuana3 months ago

How Does CBD Oil Help in Strength Training? [A Quick Guide]

Pennsylvania Qualifying conditions for Medical Marijuana
Benefits of Medical Marijuana3 months ago

Pennsylvania To Add New Qualifying Conditions for Medical Marijuana

Demetrix Funds to Brew Cannabis
Benefits of Medical Marijuana3 months ago

Demetrix Gains $50m in Series A Funding, Aims to Brew Cannabis

Recreational Marijuana
Benefits of Medical Marijuana3 months ago

Research Found Recreational Marijuana Users End Up Consuming the Plant as Medicine

Minnesotta OK'd Medical Cannabis for Alzheimers
Benefits of Medical Marijuana3 months ago

Minnesota Approved Medical Marijuana for Alzheimer’s

Synthetic CBD for Seizure
Benefits of Medical Marijuana3 months ago

Synthetic CBD Treats Seizure in Rats

NHS Cannabis Clinic
Benefits of Medical Marijuana4 months ago

NHS Launches the First Cannabis Psychosis Clinic

Bone Diseases among Seniors
Benefits of Medical Marijuana4 months ago

Can CBD Help Treat Bone Diseases Among Seniors?

Erectile Dysfunction
Benefits of Medical Marijuana4 months ago

Marijuana and Erectile Dysfunction – Is There A Connection?

Cannabis Credit Card
Benefits of Medical Marijuana4 months ago

Columbia Care Kicks Off First Cannabis Credit Card

Church of England Cannabis Investments
Benefits of Medical Marijuana4 months ago

Church of England Backs Medical Cannabis Use and Investment

VA's Restriction to Medical Marijuana
Benefits of Medical Marijuana4 months ago

VA Restricts Veterans’ Access to Medical Marijuana

Trending Articles

Copyright © 2019 Plants Before Pills.