FDA Cracks Down on Curaleaf’s CBD Marketing but No Long-Term Impact; Shares Remain Undervalued
On July 22, the Food and Drug Administration sent a warning letter to Curaleaf regarding the marketing of its CBD products. The FDA stated that Curaleaf’s CBD products, including lotions, tinctures, pain-relief patches, and animal treatments are unapproved and misbranded drugs. Drugs can only be approved by the FDA, which it has not done for Curaleaf’s products. In addition, the FDA claimed Curaleaf is marketing with unsubstantiated therapeutic claims that the products can treat serious diseases...
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