When COVID-19 spread and forced store closures, California-based Papa & Barkley lost about half of the 400 small CBD retail shops where the company was selling its products. Then online sales exploded. “We’ve seen a pretty dramatic increase in our online transaction volume,” said Adam Grossman, CEO and founder of Papa & Barkley. In March […]
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Canada’s NewLeaf Brands names ex-Ebbu director as new chief science officer
A cannabinoid scientist in Colorado is being tapped to develop mushroom products for a CBD company that is exploring the market for psilocybin mushrooms. Canadian CBD business NewLeaf Brands Inc. announced that the former research director of a Colorado hemp company, Ebbu, will be their new chief science officer. The announcement Tuesday that Robert Roscow was joining […]
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California coffee company begins work on Nicaraguan hemp grow facility
A California coffee company says it has broken ground on a project to build a hemp grow and processing facility in Nicaragua as part of an agreement with a cooperative there. Youngevity International of Chula Vista announced the groundbreaking Tuesday, saying two of its U.S. subsidiaries, including one that sells CBD-infused coffee, and their Nicaraguan […]
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California bill to regulate hemp extracts in food is delayed
A proposal to legalize hemp-derived extracts in food and beverages in California is on hold as lawmakers focus on coronavirus-related legislation to help the economy, but the bill’s sponsor says she’s bringing it back in August.
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Texas proposes rules for edible hemp production and sales
Texas has proposed a slate of rules for consumable hemp products and asked the public to make suggestions on them.
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Investors sue Canadian cannabis producer over European export claims
A group of investors say a Canadian cannabis producer misled them when it said it was acquiring a UK-based agricultural company that could “almost immediately” start exporting hemp and CBD products to the European Union.
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Colombian hempseeds being exported to Denver
A Toronto-based biopharmaceutical cannabinoid company is exporting 100,000 hempseeds to Denver from Colombia through a subsidiary there. The first seeds were exported Thursday, according to Avicanna CEO Aras Azadian. Avicanna develops, manufactures and sells plant-derived cannabanoid-based products. Exporting all the seeds will be completed in the next two weeks. The Colombian government said that Santa […]
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Thursday webinar: CBD executives share tips on starting a business in uncertain times
The CBD market has attracted plenty of entrepreneurs, despite the nascent industry’s wild ride so far. Running a business won’t always go smoothly, but you can learn how to navigate uncertain times, whether it’s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily’s live webcast, “Starting a CBD Business During a Time […]
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Former FedEx executive leading CBD startup in Tennessee
A former executive from FedEx and Hilton Worldwide will lead a new Tennessee CBD startup, called Hemp2Lab.
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Inside the deal between paper giant Georgia-Pacific and the Canadian firm partnering to make hemp-derived products
Hemp cleaning wipes and toilet paper? Brought together by a mutual interest in hemp, paper manufacturer Georgia-Pacific and a Canadian company that makes natural nonwoven fibers formed a partnership in February that could add the new items to store shelves.
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Canadian firm buys Colorado psychedelic mushroom company
Canadian CBD company NewLeaf Brands Inc. has bought a Colorado-based businesses that cultivates different strains of mushrooms for medical purposes. Vancouver, British Columbia-based NewLeaf Brands Inc. said in a news release Thursday that it had acquired Mydecine Group in an all-stock deal. The agreement calls for NewLeaf Brands to purchase 100% of the issued and […]
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Colombian company’s hemp exports to US stalled amid pandemic delays
A Colombian company with aspirations of raising hemp in Uruguay and exporting it for sale in the U.S. has the plants and permission from U.S. authorities to start bringing them to market. But global pandemic disruptions are slowing the plans of Sannabis S.A.S.
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