Opinion | The Cannabis Industry is Rife with Fraudsters. The FDA is AWOL.

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The FDA’s failure to regulate a multibillion-dollar market is a detriment to consumers and businesses alike

, a brand of CBD-infused hemp products, and we’ve done so for years without any guidance, oversight or interest from the FDA. Not in the seven years since Colorado and Washington first legalized marijuana for recreational use, nor in the three years since Congress legalized the production of hemp-derived cannabinoid products, has the FDA taken action to protect consumers from bad actors or offered guidance to those wanting to do right by consumers.

It's not every day that a businessperson in the United States calls for more — in fact, any! — regulation of their industry. But the FDA’s failure to act is not only dangerous for consumers; it’s deeply damaging to the legitimate companies that are forced to compete with those that are reckless or worse.

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Remove from Schedule 1 list, make it legal Federally

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As cannabis is illegal at the federal level what authority does the FDA have to regulate it?

It’s a shame what passes for “journalism” these days. I understand you need to generate more viewership for revenue, and creating false reports will boost revenue in the short term. But in the long term it will result in failure as people ultimately want the truth.

It's a damn plant. No need for the FDA to get involved at all.

The FDA has become nothing more than a facilitator for corporate control!

And the pharmaceutical industry? Or how about the CDC, FDA, HHS, State Dept, DOJ, EPA, DOE, etc?

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As if this is a priority. I would think drug prices should be a higher one considering we all, at one point, need medications.

Personal opinion: The cannabis industry was rife with fraudsters long before legalization occurred. Ask anyone who was around in the 60s.

don't care

Government regulations, always the collectivist answer.

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Source: Forbes - 🏆 394. / 53 Read more »