Consumer Brands Association Says – CBD, Americans need and deserve clearly articulated, uniform federal regulatory standards…even if they don’t know it.

CANNANNEW REPORT

Here’s their report   Unregulated and Exploding How the CBD Market Is Growing Amid a Labyrinth of State Approaches and Rampant Consumer Confusion July 2021 Overview The cannabidiol (CBD) market is exploding. But the Consumer Brands Association’s latest survey shows that Americans’ knowledge about CBD is not. On a scale of one to ten, consumers regarded their knowledge of CBD at an average of 3.3. The alarming lack of understanding about CBD is made worse when paired with the fact that 74% either incorrectly assume CBD is federally regulated or have no idea if it is regulated. The desire for safe, innovative products will drive market growth, but continuing to grapple with misinformation, misconceptions and misunderstandings will cripple CBD’s potential before it can prove its value.  While 28% of Americans have tried CBD, very few understand the intricacies of the emerging market. It’s no wonder. Today’s patchwork of inconsistent, and often contradictory, state regulations — coupled with the lack of methodical testing and safety requirements — is calling consumer protection into question. Smart, clearly articulated regulations are essential to providing consumers the information they need to make the best choices for themselves and their families. Consumer Brands found that there are 135 CBD proposals moving through 38 states right now. The labyrinth of state approaches has wreaked havoc on the market’s potential, creating conditions that allow bad actors to emerge and keep established, trusted brands on the sidelines. The Food and Drug Administration (FDA) and the Federal Trade Commission (FTC) routinely send warning letters to these companies, who claim their products can treat or cure serious diseases and health conditions, including cancer, autism or, most recently, COVID-19. To date, 81 warning letters have been sent since 2015. Consumers deserve and need to feel safe when buying CBD products. But as it stands today, the market…

Excerpt only …
READ MORE BELOW
Source : Consumer Brands Association Says – CBD, Americans need and deserve clearly articulated, uniform federal regulatory standards…even if they don’t know it.

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.