Over 50 years ago President Nixon declared a “War on Drugs,” leaving housewives over the country proclaiming marijuana to be the devil’s lettuce and urging sweet Billy to steer clear of.
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20,000,000 milligrams of CBD isolate sold
Over 100,000 customers
CARLSBAD, CA, May 27, 2021 (GLOBE NEWSWIRE)
via NewMediaWire New You, Inc. (OTCQB: NWYU) today announced, as disclosed in an 8-K dated May 27, entry of its wholly-owned subsidiary, ST Brands into an agreement to acquire 49% of Colorado-based Infinite Product Company, LLC, 100% owner of Infinite CBD, with an option to acquire the remaining 51% for a total of $11,000,000 in primarily NWYU stock.
Emphasizing uncompromising product consistency and purity, Infinite CBD s product line features a wide range of products that utilize all-natural ingredients, CBD isolate, Broad Spectrum CBD, and/or Nano CBD for faster results, resulting in an average 4.8-star rating across all product SKUs.
Tuesday, March 9, 2021
On March 3, 2021, the U.S. District Court for the Central District of California invoked the primary jurisdiction doctrine to stay a consumer class action asserting various causes of action against Infinite Product Company, LLC (Infinite) related to the allegedly improper sale of cannabidiol (CBD) products.
As we have previously covered in our blog, the federal regulatory framework for CBD remains uncertain. The FDA has taken the position that CBD is not a lawful dietary or food ingredient, even while the market is flooded by CBD products and individual states, such as New York, are forging ahead with their own regulatory frameworks. And while industry had hoped that draft CBD enforcement guidelines which had been under review by the White House Office of Management and Budget (OMB) since July 2002 would provide clarity, the draft guidelines were withdrawn in January following the change in administration. No timetable for their release, or f