Kannaway which appears to be a company based in Poland, is operating through “Brand Ambassadors”, and according to an article on Planet of the Vapes it is “an American operation that has not cloaked itself in glory since inception.”
Kannaway’s CBD vape oils contain ingredients implicated in the lung disease cases
Worryingly, the ingredients list of these products includes MCT coconut oil and vitamin E amongst others.
Worryingly, the ingredients list of these products includes: MCT coconut oil, Cannabidiol (200mg/ 1ml), mango aroma, vitamin E, and vitamin D3 amongst others.
Last month, New York health authorities confirmed that vitamin E oil (tocopheryl-acetate) was found in most of the seized vaping products in that state. Additionally, the majority of the THC samples that the FDA had received for testing, also contained vitamin E oil.
Planet of the Vapes pointed out that Kannaway hides its details from a “Who Is” search, and a superficial investigation reveals little more than “a direct marketing company to offer cannabis products to consumers and continues to be an industry leader in the hemp and CBD markets.”
The company behind Kannaway was involved in multiple irregular activities
Further investigation reveals that the company behind Kannaway is the American Medical Marijuana Inc., another organisation with a bad reputation: “Michael Llamas was the initial CEO of MMI; he stepped down in 2012 when he was indicted for his role in a real estate Ponzi scheme.”
“In 2015 a report in Forbes laid out relationships among CannaVEST, money taken in by the real estate Ponzi scheme run by Llamas, Stuart Titus and the private equity firm General Hemp that he ran, and one of MMI’s subsidiaries called PhytoSphere.”
“The company operated at a loss for 2011 and 2012, and made money for the first time in 2013 on the basis of a single contract signed by one of its subsidiaries. In 2013, MMI and CannaVEST, an exchange-traded fund, each invested in a company called Kannalife Sciences Inc. Kannalife had been founded in 2010 by Dean Petkanas, former Director of Corporate Finance of Stratton Oakmont, the penny-stock trading company depicted in The Wolf of Wall Street.”
“In 2014, MMI reported that it was under investigation by the SEC; the Financial Industry Regulatory Authority warned investors that year about penny stock scams in the marijuana industry. In 2015 a report in Forbes laid out relationships among CannaVEST, money taken in by the real estate Ponzi scheme run by Llamas, Stuart Titus and the private equity firm General Hemp that he ran, and one of MMI’s subsidiaries called PhytoSphere.”
How to identify safe CBD products
ETHRA released a statement pointing out how to identify reputable CBD oil sellers. “It has come to our attention that there are some THC or CBD liquids and cartridges being sold online which contain potentially harmful ingredients. Liquids comprising oils (from any source) or vitamin E acetate are potentially harmful with even short-term use and may cause life-threatening or life-changing conditions.”
“CBD to be vaped is a growing market and not illegal in most jurisdictions. Responsible sellers will place toxicology reports on their website to show that no pesticides have been involved in production and that the liquids are not oil-based. The THC content should be as close to zero as possible and not exceed 0.02%. If a seller cannot or will not provide this information, do not buy from them.”
The Independent British Vape Trade Association (IBVTA) on the other hand, highlighted the importance of purchasing products from legal sources. “The guidance we give our members is to make sure they only source legal, non-nicotine containing products from reputable suppliers who they know and trust, who can assure that their products do not contain lipids, are suitable for inhalation, and to see evidence of these assurances.”
Read Further: ATHRA