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TBD on CBD: Kline’s Key Takeaways on FDA Public Hearing Highlights and Needed Actions

Vlad Poptamas

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With the uptake of consumer CBD (cannabidiol) products rising at record growth rates, the need to assure consumers of product safety and transparency is of elevated importance. Sharing the knowledge and/or point of view on CBD, along with recommendations to the FDA, was the purpose of the FDA’s Scientific Data and Information about Products Containing Cannabis or Cannabis-Derived Compounds public hearing on May 31, 2019. Based on the presentations and comments made by manufacturers, Kline, a respected provider of world-class consulting services and high-quality market intelligence, issued the following top three takeaways:

  1. FDA is empowered to enforce and ensure that CBD manufacturers are compliant with current good manufacturing practices (cGMP).
  2. FDA should ensure safe concentrations and daily intake levels of CBD and specifically THC.
  3. FDA guidelines in place should be used for packaging and labeling (for food, dietary supplements, and cosmetics).

“In the CBD market right now, ‘caveat emptor’ is very real. Oversight on consumer-use CBD products is required because there are many producers operating with various levels of standards.  Labeling, dosing, and contents of products need to have some minimum requirements quickly in order to protect American consumers,” states Laura Mahecha, Kline’s Healthcare Industry Manager.

The Consumer Healthcare Product Association’s (CHPA) senior vice president, David Spangler, stated  that medicines containing CBD should follow the regulatory status quo, while asking that the FDA provide a lawful pathway for makers of dietary supplements that contain CBD this year. Using existing New Dietary Ingredient (NDI) regulations manufacturers would need to prove safety of their CBD products. Spangler stated, “Those NDIs would still need to meet the standard of sufficient information to provide reasonable assurance the ingredient does not present a significant or unreasonable risk.”

Noramco, one of the presenting manufacturers at the hearing, cited a JAMA study that found 69% of 84 cannabidiol products to be mislabeled. This reinforces the need to make sure all manufacturers are GMP- and ideally cGMP-compliant. Noramco further recommended that the FDA work with the USP to formulate manufacturing standards for pharma grade and dietary supplement grade CBD ingredients – with testing to ensure identity, purity, quality, and strength.

Other companies also presented at the FDA hearing. CV Sciences, one of many CBD suppliers analyzed in Kline’s recently published Consumer CBD Products: U.S. Market Analysis and Opportunities report, outlined its view on the scope of regulatory needs for CBD-based dietary supplements.

To read the full article which further covers limits on THC levels as well packaging and labeling insights, visit our blog.

Kline’s Consumer CBD Products: U.S. Market Analysis and Opportunities report is a comprehensive analysis of consumer-use cannabidiol (CBD) health and beauty products, regulatory and legal status, currently available products, marketing channels, and outlook for CBD-based products.

Kline provides management consulting services to current and potential participants in the CBD and cannabis markets covering market strategy, supply chain, and go-to-market strategy (contact susan.babinsky@klinegroup.com).

 

SOURCE Kline

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Cannabis

Former METRC Executive Director Scott Denholm joins Brytemap’s Leadership Team as COO

Vlad Poptamas

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Scott Denholm- Chief Operating Officer at Brytemap
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Brytemap, a Maryland-based technology provider to the legalized cannabis industry, announced today that Scott Denholm, former Executive Director of Franwell Inc.’s Marijuana Enforcement, Tracking Reporting and Compliance (METRC) Program, is joining the Brytemap leadership team as Chief Operating Officer (COO). Denholm will oversee Brytemap’s internal operations and play a key role in the launch of the company’s newest software platform for cannabis and hemp growers. “As Brytemap’s COO, Scott will have a critical role in guiding our company forward in our mission to be a model technology partner in our industry,” said Bryan Lopez, Founder and CEO of Brytemap.

As Executive Director of Franwell Inc.’s METRC Program, Denholm was responsible for consulting with states, regulators, associations, marijuana cultivators and dispensaries about how to deploy leading-edge technology and advised them about business logistics and processes. In addition, he oversaw research of business opportunities, architecting solutions, and training and education in support of both state agencies and the marijuana industry. METRC is currently contracted with eleven states and the District of Columbia to provide a centralized track and trace compliance system for these legalized cannabis markets.

“There are very few people in the cannabis industry that possess the amount of knowledge and experience that Scott has in terms of regulation, compliance and logistics,” said Brytemap CEO and Founder Bryan Lopez. “He has an in-depth technical background in RFID tracking and a proven track record in successfully opening new markets and driving revenue growth. His experience and knowledge about various aspects of cannabis regulations and reporting within each state will be very valuable in helping our customers understand how to incorporate our solutions and effectively manage and track their grow, processing and dispensary operations, while remaining compliant with state regulations.”

 

SOURCE Brytemap

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Cannabis

Trulieve CEO Kim Rivers Named to Florida Medical Marijuana Advisory Committee

Vlad Poptamas

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Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) CEO Kim Rivers has been appointed to the newly-established Medical Marijuana Advisory Committee for the State of Florida. This committee will collaborate with the Florida Department of Agriculture and Consumer Services to help enhance the medical marijuana policies of the state.

“Every day, our Trulieve team helps to bring relief to thousands of people suffering from a range of debilitating ailments and improve their quality of life,” said Kim Rivers, CEO of Trulieve. “I am honored to be a part of this important initiative led by Commissioner Nikki Fried to further develop patient access and advance policies related to medical marijuana in Florida.”

The Florida Department of Agriculture and Consumer Services has stated that the committee will convene telephonically and in-person bi-monthly to work through ways to expand patient access, increase innovation and technology in the industry, and make recommendations to the Legislature and the Department of Health’s Office of Medical Marijuana Use to improve Florida’s medical marijuana policies and programs. The 18-member committee is comprised of representatives with a diverse range of backgrounds, including medical marijuana production and sales, science and medicine, law, medical marijuana patients, cannabis activists, and public affairs.

 

SOURCE Trulieve Cannabis Corp.

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Cannabis

ParcelPal Begins Integration on Shopify Platform for Cannabis Delivery

Vlad Poptamas

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ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (CSE: PKG) (FSE: PT0) (OTC: PTNYF) is pleased to announce the integration of ParcelPal’s app on the Shopify’s digital platform. The integration will be complete in the coming weeks.

Shopify is an eCommerce platform provider that gives retailers everything they need to build and operate a successful online store. Shopify is the leading eCommerce provider for merchants in North America in retail and specifically cannabis within Canada.

Canadian Licenced producers on the Shopify platform, can use this technology to enable shipping to medical or recreational users across the country (https://www.shopify.ca/sell/cannabis). Since recreational cannabis was legalized in Canada at the government-operated websites and private retailer portals powered by Shopify have processed “hundreds of thousands” of orders.

Businesses of any kind, notably cannabis merchants will be able to integrate their Shopify eCommerce store nearly instantly to ParcelPal’s ecosystem. These merchants will enable their customers to tap into ParcelPal’s network and have their products delivered in an hour or less. ParcelPal has begun this process with Choom (CSE: CHOO) (OTCQB: CHOOF) and Kiaro. ParcelPal’s integration will be accessible by the public in the coming weeks.

President and CEO, Kelly Abbott states, “This integration and offering on the Shopify platform will allow for any cannabis business to instantly integrate with our technology. Instead of lengthy and expensive integrations with current and potential partners, this will cut it down dramatically.”

 

SOURCE ParcelPal Technology Inc.

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