United States

Cannabis stocks sink after FDA issues health warning

Cannabis stocks tanked Tuesday after federal officials showed they haven’t chilled out over CBD. Several publicly traded pot firms saw stocks slide after the US Food and Drug Administration issued a scary new list of health warnings to consumers on Monday. The FDA warned that the cannabis ingredient — said to relieve pain and anxiety without getting people high — can cause liver damage, “changes in mood,” and “gastrointestinal distress,” among other ailments. “The FDA is concerned that people may mistakenly believe that trying CBD “can’t hurt,”the consumer alert said. It was the FDA’s first warning ever about the potential health risks of CBD-infused products like lotions and beverages — raising concerns tha ...