No it doesn't. Consumers can withdraw consent at any time, they have to give informed consent (i.e. the consent is void and null if the consumer can't reasonably be expected to understand what they consented to) and companies have to keep track of what data they acquired and what they have done with it.

The "consent" popups you see on loads of websites these days actually run counter to the GDPR because they usually opt-in by default or tie consent to uses for which that consent is not necessary. They also rarely provide detailed information about what data is used and what they do with it.