Canadian CBD company NewLeaf Brands Inc. is changing its name to Mydecine Innovations Group Inc. to reflect its focus on developing strains of psychedelic mushrooms.
Read Moreivanm
‘Colombia is very well positioned to outcompete’ on hemp: Q&A with Savanna Ventures’ Manuel Baselga
Hemp Industry Daily caught up with Manuel Baselga, co-founder and board member of international venture capital firm Savanna Ventures, to talk about Colombia’s regulatory environment, the country’s strengths in developing a viable hemp market for CBD, his company’s interest in industrial hemp and the challenges of growing it in a tropical climate.
Read More
Canadian marijuana producer shifts to CBD, plans to buy 300,000 lbs of hemp biomass
A Canadian marijuana producer has announced it’s shifting to processing and extracting hemp biomass into CBD concentrates by signing a purchase agreement with a leading supplier of high-CBD industrial hemp.
Read More
Lawsuits filed against PetSmart over hemp products sold without FDA OK
Two similar federal lawsuits against PetSmart accuse the company of false and deceptive practices for selling hemp products for pets that are unapproved by the U.S. Food and Drug Administration.
Read More
Colorado-based Elixinol wins dismissal of suit claiming CBD products are illegal
Colorado-based CBD producer Elixinol got dismissal of a class-action lawsuit that alleged the company’s products were illegal to sell under federal law. The plaintiffs who sued in federal court in the Northern District of California filed a voluntary notice of dismissal May 7, dropping “all claims against” Elixinol. The lawsuit filed on December 2019 claimed […]
Read More
Sizzling CBD pet market sees soaring sales, adoption by mainstream brick-and-mortar retailers
In just two years, the number of specialty pet stores that carried Colorado-based Functional Remedies’ CBD products increased dramatically, going from 100 to 500 – underscoring the fast growth of a market that’s now reaching mass-market retailers like Petco and PetSmart. “More and more people are understanding how CBD and how hemp-based products can enhance […]
Read More
Elixinol’s attempt to sell hemp food company to Chinese business falls through
A Chinese business that planned to buy a hemp food company from Australian-based Elixinol Global, a CBD producer, has pulled out of the deal, citing economic impacts from COVID-19.
Read More
Former FDA official, ex-Arkansas attorney general join hemp lobbying group
A U.S. hemp standards group has added a former state attorney general and a former FDA official to the organization’s board. The appointments of former Arkansas attorney general Dustin McDaniel and Larisa Pavlick were announced Thursday by the U.S. Hemp Authority Board, a self-regulating organization. Pavlick currently serves as vice president of Global Quality and […]
Read More
Florida company hires new chief marketing officer
A Florida company that cultivates and processes hemp biomass has named a new chief marketing officer. Fort Lauderdale-based Green Point Research said Robin P. Pate will be responsible for developing new distribution channels, as well as brand development and partnerships to support the companies’ products. Pate was formerly with The Institute for Advanced Composites Manufacturing […]
Read More
Canadian oil-and-gas company expands into hemp extraction
A Canadian oil-and-gas company expanding into hemp extraction has acquired a Canadian hemp company in an all-stock deal worth CA$20 million ($14.4 million).
Read More
Expiration dates and packaging for CBD pet products at issue in legal fight
A Seattle maker of CBD for pets and a holistic pet company that sold branded CBD treatments called the “Zen Pen” are now embroiled in a legal battle over shelf stability and expiration dates.
Read More
Aurora Cannabis continues divestment of hemp assets, citing low biomass prices
Canadian marijuana giant Aurora Cannabis is further divesting itself of some of the hemp assets it began acquiring in 2017 as it tried unsuccessfully to profit from the CBD market.
Read More