At FindUnclaimedAssets, we take pride in bringing you quality articles to help you live your best life. From helpful content explaining the ins and outs of health myths to getting the most out of your retirement savings plan, we bring you
fresh content to help you flourish daily!
CBD products have sprung up in large numbers in recent years after they were legalized. CBD is now available in every form imaginable. However, when it comes to this product, legal does not necessarily mean effective. In fact, many CBD offerings make promises that the product does not keep and buyers effectively end up cheated. As a result, there have been a number of class action lawsuits that have been filed, and it is only the beginning of the legal problems that sellers may be facing.
While CBD products are legal, one of the gray areas that they face are how the product is marketed. These offerings are unregulated by the FDA and, as a result, there are no federal rules that govern what manufacturers can and cannot say. CBD products are not tested and approved by the FDA and accordingly, there are no restrictions that can keep them off of the market.
CBD Products May not Contain what They Tell You
Buyers have been dismayed to find that oftentimes, they are not getting what they paid for when they purchased CBD products. In many instances, the claims that have been made by sellers have proven to be unfounded and untrue. Many products are later tested, and buyers discover that the product that they have been promised contains a certain amount of CBD oil actually has much less than they were led to believe. In some cases, CBD products were found to have no CBD oil whatsoever.
Other CBD products make claims that are demonstrably false in order to convince buyers to purchase them. These representations can include certain benefits of the product or other ways that it has been marketed. In any event, buyers are waking up to realize that they were sold the proverbial bridge, and there was nobody to protect them from getting ripped off.
Currently, there are no FDA regulations of which to speak, but the regulator has indicated that it is taking a harder line when it comes to sales of these products. The FDA sent out a dozen warning letter to various companies selling CBD products cautioning them against their marketing claims. The agency indicated that it will no longer take a laissez faire approach to this previously unregulated industry.
One area where the FDA has issued a prohibition is on selling CBD products and marketing them as diet supplements. However, some companies have done just that and are facing lawsuits as a result.
Recently Filed CBD Oil Lawsuits
Another claim that has been the subject of lawsuits is that users took products that were improperly marketed as THC-free. CBD removes the THC so users do not experience the impacts that they would with marijuana. However, some products were not correctly labelled. In one case, a buyer failed a drug test and lost his job after taking a product that he was led to believe did not contain THC.
In any event, these lawsuits are starting to be filed in large numbers, and any person who purchased a CBD product and does not feel that they got what they paid for is a possible plaintiff. The problem is that the industry is so new and the benefits of these products are unclear or undefined that it will be difficult to prove that some claims were false.
At the same times, manufacturers are unsure of the rules when they sell their products. The murky legal status of CBD products may be an issue if these cases proceed to trial. However, products that contain nowhere near the amount of advertised CBD may place the manufacturers in legal jeopardy. Manufacturers cannot tell consumers that they are purchasing one thing and then provide them with another.
The FDA's action will mean that there is an upcoming wave of lawsuits with plenty of uncertainty attached to them. The FDA did issue warning letters, but this is not the same as regulatory punishment of these manufacturers. Still, there may be a basis to believe that there is more there for class action attorneys to uncover since the FDA seemingly only scratched the tip of the iceberg in an industry where sellers can make wild and unverifiable claims.
Anyone who has purchased CBD oil products and believes that the product did not live up to the promises that the manufacturers made in their marketing should consult with a CBD oil class action attorney to learn their legal rights.
Exactly who has the right to use the performing name "Lady A" is at issue in a lawsuit filed by one of the most well-known country music acts in the world. The group formerly known as Lady Antebellum h...
Subway has faced its share of lawsuits challenging the legitimacy of its flagship sandwich. The result of many of these lawsuits is that the curtain is peeled back on some of the company's business secrets. For examp...
Investors have been subject to terrifying gyrations in the stock market on a daily basis since the beginning of the coronavirus outbreak. For some investors, they need to make transactions either becaus...