July 23, 2019
Bill Roark was quoted in the July 23, 2019 Philadelphia Inquirer article entitled, “No, CBD does not stop spread of cancer in people or cure anxiety in dogs, FDA warns Curaleaf.” The article can be found here. The contents of the article can be found below.
Written by Sam Wood July 23, 2019
There’s no proof that CBD stops the spread of cancer in people or cures anxiety in dogs. Nor is there any evidence that the fashionable, nonintoxicating cannabis compound is effective in treating Parkinson’s disease.
But that didn’t stop Curaleaf from making those claims — and dozens of others — on its websites, online stores, and on social media.
Curaleaf, which claims to be the world’s largest cannabis company, has been “illegally” selling unapproved products containing cannabidiol (CBD) with unproven claims that they can treat a panoply of ailments, according to the U.S. Food and Drug Administration. On Tuesday, the FDA fired off a sternly worded letter to the company ordering it to stop.
Curaleaf Holdings (OTC: CURLF) closed Tuesday at $7.40, down 7.27%.