Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
About Dr. Adi Aran, M.D.
CNN Special Report WEED 6: Cannabis and Autism will stream live for cable subscribers via CNNgo (CNN.com/go and via CNNgo apps for Apple TV, Roku, Amazon Fire, Chromecast, Samsung Smart TV and Android TV) and on the CNN mobile apps for iOS and Android. The special will be available on demand beginning Sunday, December 19th via cable/satellite systems, CNNgo platforms and CNN mobile apps.
In the original Award-winning documentary CNN chief medical correspondent Dr. Sanjay Gupta sets out around the globe to investigate the medical benefits of medical marijuana. WEED, which premiered in 2015, highlights the remarkable benefits of CBD and the changing laws granting parents and doctors the ability to use CBD in treating children. In this documentary, Gupta follows several families who have seen the miraculous benefits of the plant on their children struggling with autism. Dr. Aran is regarded as a world-renowned expert on autism and cannabinoid research and is credited with conducting pioneering clinical studies on the use of cannabinoid therapeutics in autism.
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Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2020 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
The FDA actually approved CBD use before it was legal on the federal level. It wasn’t until the passing of the Farm Bill in 2018 that hemp was legalized, therefore legalizing the CBD found in it. Even though there’s still confusion, both Dr.Gupta and Dr.Oz stress that authorities aren’t likely to knock down your door for CBD possession. The legal lines are blurred from state to state and authorities seem to be taking CBD possession on a case-by-case basis.
Case in point: Just this month on May 13, 2019, a woman visiting Disney World was arrested after a guard found CBD oil in her purse. After quickly providing a doctor’s note, she was released without being charged. Brooke Alpert, cannabis practitioner and editor-at-large of CBD Snapshot believes this is because there’s still so much confusion surrounding CBD. “CBD from industrial hemp can be legally bought over the counter, so most people will not have a doctor’s note to provide,” she tells DoctorOz.com. If you are found with medical marijuana, you will need to provide a doctor’s note if you’re not in a state where medical marijuana is legalized.
CBD’s Quick FDA Approval
Now that CBD is legalized on the federal level with the Farm Bill, the research Dr. Oz and Dr. Gupta called for may finally be underway — without the distraction of trendy products and the confusion of how laws once varied state by state.
According to Dr. Gupta, the CBD craze all started with what’s known as “Charlotte’s Web.” A little girl named Charlotte was suffering from seizures, and her mom turned to CBD as a last resort. After Charlotte was given CBD oil, she went from 300 seizures to absolutely none in just one week. This drastic reduction in seizures caught the attention of the FDA, and in just five short years, the first CBD prescription drug for epilepsy was approved. As Dr. Gupta points out in his segment with Dr. Oz, the FDA moved quickly in this situation — much faster than usual.
An End to the Opioid Epidemic?
When I saw the words “CBD lattes” pop up on sandwich boards around my neighborhood, I knew CBD had “made it.” Around the same time I was gifted a box of CBD gummies. My coworker and I popped two our mouths and waited for something to happen.