WASHINGTON: The top U.S. consumer and trade regulator said on Tuesday it had warned three companies selling products infused with cannabidiol that it was illegal to advertise that such products could fight disease without providing credible scientific evidence.
In recent years, the chemical derived from the cannabis plant, commonly called CBD, has been touted as alleviating countless physical ailments.The Federal Trade Commission said the three unidentified companies claimed, without providing substantiation, that CBD can treat more than two dozen conditions including cancer, Alzheimer's, multiple sclerosis, schizophrenia, epilepsy, diabetes, psoriasis, and AIDS.
The companies, which sell oils, tinctures, capsules, gummies and creams, have 15 days to inform the FTC about how they will address the warning.
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Studies show US companies not leaving China in droves, but China companies investing less in USWASHINGTON - Chinese companies are investing less in the United States but American firms are continuing to plough money into China, according to two research papers released on Monday (Sept 9) that show how companies in the two superpowers are responding differently to the trade war.. Read more at straitstimes.com.
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