CBD Products & CBD Business News

Charlotte’s Web Holdings Inc. lost $15 million last quarter, a narrower loss than the same period in 2019, as the company trimmed operating expenses and posted gains in both direct-to-consumer sales and B2B sales over the fourth quarter of 2019. Still, the CBD giant based in Boulder, Colorado, saw wider losses for 2020 overall compared
Early results of an industry-sponsored, human-safety study on hemp-derived CBD consumption show no evidence of liver toxicity or disease in its 839 participants. The study also found no increase in the prevalence of elevated liver-function numbers compared to a group with a similar incidence of medical conditions. Those results were provided by Validcare, a Denver-based
The U.S. Postal Service says it is reviewing public reaction to new vaporizer mail limits in advance of them taking effect April 26. The USPS plans to ban mailed vaporizers by mid-summer after Congress approved the ban in December. USPS spokesman David Coleman told Hemp Industry Daily that public comments on the new limits are
This story originally appeared at Marijuana Business Daily. When Canopy Growth introduced its CBD drink brand, Quatreau, to the U.S. market on March 2, the Canadian cannabis producer also announced its newest brand ambassador: American astrologer Susan Miller. Ambassadors and celebrity partnerships are familiar terrain for Canopy, already known for its ties with Seth Rogen,
Two companies, one in California and the other in Michigan, are the latest to receive warning letters about CBD from the U.S. Food and Drug Administration. The warnings posted Monday accuse BioLyte Laboratories of Grand Rapids, Michigan, and Honest Globe of Santa Ana, California, of selling CBD pain relief products over the counter, a violation
Oregon is considering new limits on delta-8 THC amid concerns that state regulations don’t adequately address the newly popular cannabinoid. Members of the Oregon Liquor Control Commission, which regulates the marijuana industry, recently discussed testing requirements and other safety regulations for delta-8 THC sold in dispensaries. Eleven states currently ban delta-8 THC entirely: Alaska, Arkansas,
Organigram, a Canadian marijuana company that recently partnered with a subsidiary of cigarette maker British American Tobacco to develop new products, is predicting increasing regulations coming to the CBD space. Organigram CEO Greg Engel says the regulatory landscape for CBD is soon to change. “We’re going to see tightening regulations, more restrictions, more focus not
(Editor’s note: This column is part of a recurring series of commentaries from professionals connected to the hemp industry. Andrew M. Rosner and Kaelan Castetter are vice presidents of the New York State Cannabis Growers and Processors Association.) Government officials nationwide are talking about banning the sale of hemp flower in the name of public
Hemp-derived CBD giant Charlotte’s Web Holdings is positioning itself to enter THC and marijuana markets. The Boulder, Colorado, company says it has signed a five-year, $8 million purchase agreement option with a marijuana company started by its founders, Stanley Brothers USA Holdings Inc. The deal allows Charlotte’s Web to take over the marijuana business after
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Jackie Berg is co-founder of CBD Marketing Hub, a digital-to-door agency focused on CBD and cannabis marketing.) Sleep is valued commodity and something many Americans are increasingly bereft of. Many health experts see sleep issues as
(A version of this story appears in the February issue of Marijuana Business Magazine.) From mom-and-pop shops to corporate chains, everyone in the retail business knows that a carefully chosen location is key to success. The cannabis industry is no exception. Although regulatory requirements, license availability and market demand will vary from place to place,
The National Football League and its players’ union have requested industry research on CBD and other cannabinoids for pain management. The NFL says it is looking for information about “alternatives to opioids in routine pain management.” The request mentions CBD but is open to research on other cannabinoids. The request issued Wednesday also mentions research
U.S. District Court for the Eastern District of New York Crediting the CBD company’s forthrightness, a federal judge in New York federal judge has dismissed a lawsuit against Massachusetts-based Curaleaf from investors who argued the company misled them about legality of its CBD products. The investors sued when Curaleaf’s share price fell in 2019 after
An executive from international CBD brand Elixinol has been appointed to the board of directors at the U.S. Hemp Authority — one of the industry’s self-regulatory bodies. “From the start, Elixinol has gone above and beyond when it comes to product efficacy and transparency,” Elixinol CEO for the Americas Tom Siciliano said about his appointment.
A blank-check investment company led by the co-CEO of North Carolina CBD maker cbdMD Inc. has raised $115 million to invest in consumer goods. The new blank-check company, Adara, did not mention cannabinoid products in its November filing with the U.S. Securities and Exchange Commission. Instead the company says it plans to invest in “companies
A coastal Texas smoke-shop owner facing criminal marijuana charges after a police raid Tuesday says the cannabis flower, vapes, gummies and other products taken were legal hemp, not illegal marijuana. Faded Smoke Shop owner Alexandra Degollado faces charges of manufacture or delivery of a controlled substance, the Victoria Advocate reported. One of her store employees
A land-development company that includes an Arizona CBD firm battling investor fraud claims has filed for federal bankruptcy protection. Integrated AG is a private equity investor that redeveloped farmland in the western U.S. Integrated AG is a private equity investor that redeveloped farmland in the western U.S. Integrated AG, parent company of Integrated CBD, filed