The flaw in that argument is a great number of chemicals do not cause cancer.
Similarly, imagine if nutrition facts labels only had to state whether the food could be potentially unhealthy, without any other nuance.
A sensible version of Prop 65 would acknowledge the specific substance, its dosage, and the best known safe dosage. Equipped with that information a consumer can make an informed decision.
1. Starbucks because they are a particular case where acrylamide is a normal byproduct of roasting, and there's basically (as I understand it) no way to have it not be part of the result.
Regardless of the strength of the evidence, which is yet another problem with the whole idea.