FTC Finalizes Deals with Six CBD Companies | Dorsey & Whitney LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeking to offer new and ground-breaking technologies.
Regulatory Announcements
CBD and Hemp Legal and Regulatory Roundup – March 2021 #1 | Kelley Drye & Warren LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Editorial credit: Felix Lipov / Shutterstock.com According to a Federal Trade Commission official, settlements in a law enforcement sweep against CBD marketers send a clear message to the growing sector: Don’t make spurious health claims that are unsupported by medical science.
A handful of marketers of CBD products have agreed to each pay tens of thousands of dollars to the Federal Trade Commission after they were charged with making deceptive claims.
Dubbed “Operation CBDeceit,” the sweep of actions against six sellers of CBD-containing products highlights “the first law enforcement crackdown on deceptive claims” in the CBD market, according to the government agency in a Dec. 17 news release. The sweep also reflects the FTC’s ongoing efforts to protect consumers from deceptive, false and misleading health claims in advertisements on websites and via social media.
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December 18, 2020
The Federal Trade Commission (FTC) announced a âlaw enforcement crackdownâ on deceptively marketed CBD products on Thursday. As part of the action, the FTC filed litigation against six companies which sell products containing CBD with claims that they made unsupported marketing claims about the productsâ ability to treat various health conditions.Â
The FTC said it was hoping to send a message to the CBD industry that they should not make claims which are not medically supported, and that if they do, they could face consequences from the FTC. The effort, known as âOperation CBDeceitâ is reportedly just a part of the FTCâs efforts to protect consumers against misleading health claims in advertising and on websites.Â