I'd happily be proved wrong, but all the usual red flags are there. About the best that can be said for it at the moment is that there doesn't seem any more evidence that it's harmful than there is for it being helpful. Hopefully it gets the research to back up the claims. It certainly purports to be effective for conditions there's plenty of interest in developing effective and safe treatments for so you'd think that nations around the globe would be eager to look into it.
The West and the globe doesn't work that way. There is little to no money in something that can't be patented. For this reason, at least no pharma firm will pay for any trials with it, and so it can't easily ever get FDA approved. Naivete does not help.