Hemp e cigarette maker Green Leaf Technologies has announced plans to make a major change to the industry after the FDA banned its popular brand from being sold over the counter in the U.S. In a statement to The Huffington Post, the company said that it will stop selling its popular hemp e-cigarettes at the company’s two distribution centers and discontinue its CBD-only product line in Canada.
According to the company, the CBD-containing products will remain available through its online store until December, when the company plans to start selling the other products.
“The FDA’s recent announcement that it is banning hemp e cigs from the U.” will help our hemp-based company grow, Green Leaf CEO and founder Tom Sankan said in the statement.
“Ultimately, it will depend on our customers and the regulatory process and the marketplace that we navigate, but the fact is we will be able to get products to market in the next few weeks.” “
We believe the CBD products should be available to our customers as soon as possible, but we will continue to test and evaluate new CBD-infused products and products that are not hemp-influenced,” Sanken said.
“Ultimately, it will depend on our customers and the regulatory process and the marketplace that we navigate, but the fact is we will be able to get products to market in the next few weeks.”
The announcement comes less than two weeks after the Food and Drug Administration approved the company and its CBD products as a treatment for post-traumatic stress disorder.
According the company is now working with other health care organizations to develop a CBD-based prescription drug that is currently undergoing clinical trials.
In December, Hemp CEO Tom Siskan told Bloomberg Businessweek that he was planning to invest $50 million in the cannabis-based product and hopes to begin shipping the first shipments in January 2018.