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Phivida Holdings Inc. PHVAF

Healthcare Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Cannabis
Phivida is a premier brand of cannabidiol ('CBD')-infused functional foods, beverages and clinical products that is poised for global distribution.


OTCQX:PHVAF - Post by User

Phivida Holdings Inc. > Legality question
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Comment by ExitStageLefton Apr 03, 2019 11:09am
69 Views
Post# 29575972

RE:RE:Legality question

RE:RE:Legality questionNot True. CBD is not allowed in food or drinks.

https://www.cnbc.com/2019/04/02/fda-sets-first-hearing-on-legalizing-cannabis-compound-cbd.html

This was supposed to lead to a surge in consumer products infused with the cannabis compound. However, the FDA’s rules prohibiting the addition of CBD to food and drinks have kept most large companies on the sidelines, though a number of start-ups have jumped in anyway.

I guess we fall into the "have jumped in anyway"

Its a gamble, but if the FDA allows it, the company will have a lead and this stock may be a multiple bagger.
But, I do not understand how CVS could be stocking this product given the FDA does not allow it.
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