California Gov. Gavin Newsom signed the state’s Assembly Bill 45 into law, establishing a regulatory framework governing the manufacture and sale of products containing CBD.
The legislation is intended to crack down on organized retail crime and protect consumers by promoting transparency and accountability of online marketplaces.
Sandoz will pay $185 million, plus interest from the date of the agreement in principle to settle, and has agreed to corporate integrity obligations with the Office of Inspector General of the U.S. Department of Health & Human Services through 2026.
MacKay's more than two decades of experience include time spent with manufacturers and trade organizations in the dietary supplement space, including most recently CV Sciences.
