Charlotte’s Web says another labeling lawsuit should wait for FDA

Charlotte’s Web Holdings says that labeling lawsuits against CBD makers must wait while federal regulators consider how to regulate the hemp extract.

The company made the argument last week in a federal court in California, where it is asking a judge to follow the direction of other federal judges and dismiss CBD labeling suits as premature.

Charlotte’s Web said that the FDA has “exclusive regulatory and enforcement authority as to the labeling and marketing of CBD product,” making it improper for a court to decide whether CBD makers can describe their products as dietary supplements.

Law 360 first reported the filing.

At least four federal judges have paused or rejected CBD labeling lawsuits because of pending FDA action. The federal agency said this week that it continues to review the safety of over-the-counter CBD but has not said when to expect regulations.

Charlotte’s Web trades on the Toronto Stock Exchange as CWEB.