The U.S. Food and Drug Administration warned two companies to stop illegally marketing CBD products with claims that it can treat opioid addiction and other medical conditions.
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Mexico moves toward legal hemp, marijuana despite latest delay
Mexico inches toward legalizing hemp, marijuana despite latest delay
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Hemp Industry Daily launches virtual conference
Hemp Industry Daily is making its June conference virtual, opening access to more industry operators to hear market insights and learn about new products.
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Q&A: How to market CBD products without attracting FDA warnings
The coronavirus has ushered in more dubious claims – and more warning letters from the FDA directing companies to immediately stop.
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California company enters deal with Nicaraguan firm to buy farm for hemp grow
A California company that sells coffee to cruise lines and grocery stores says two of its subsidiaries have entered into an agreement with Nicaraguan cooperative to buy a farm for a hemp grow and processing facility.
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New deadline set for Mexico’s legalization of hemp, marijuana
Mexican lawmakers now have until Dec. 15 to legalize marijuana and hemp – a new deadline set by the country’s Supreme Court in light of the coronavirus outbreak. Late Friday, the Supreme Court announced the new deadline for legalization to happen during the lawmaker’s next scheduled session, which runs from Sept. 1 to Dec. 15. Only […]
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Virginia governor signs CBD food regulations into law
Virginia has joined other states in allowing CBD in food despite federal prohibitions. Gov. Ralph Northam recently signed the legislation that defines CBD as food and gives state regulators power to regulate the new industry. The Virginia Department of Agriculture and Consumers will be in charge of regulations and enforcement, including overseeing labeling requirements, identifying […]
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Molson Coors plans nonalcoholic CBD drinks in Colorado in new JV with Canadian marijuana company
Denver-based Molson Coors Beverage Co. is partnering with a Canadian marijuana company to sell nonalcoholic hemp-derived CBD drinks, the companies announced Tuesday. Molson Coors and Hexo Corp. said the joint venture, called Truss CBD USA, will be established in Colorado and will be a stand-alone entity with its own board. It will be majority owned […]
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$4 million award to El Salvador CBD business upheld in dispute with Florida company
A U.S. appeals court has upheld a $4 million judgment in favor of an El-Salvador based CBD oil supplier that accused its Florida distributors of breach of contract. The decision Tuesday from the 11th Circuit Court of Appeals affirmed a decision from an arbitration panel the ruled in favor of Cromogen Biotechnology Corporation an all issues […]
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Chart: Hemp salaries far outpace tobacco industry salaries
These days, it pays more to be in the hemp business than the tobacco business.
Salaries for employees at hemp companies are far outpacing those of their counterparts in the tobacco industry, according to an analysis by Hemp Industry Daily.
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California hemp grower sues sheriff, alleges illegal destruction of plants
A California hemp grower is suing a sheriff’s office, alleging the authorities destroyed about 500 acres of their plants, which the company estimates were worth $1 billion, according to the lawsuit. The federal lawsuit filed Friday calls the demolition of the plants “one the largest wholesale destructions of personal property by government entities in the history […]
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Neptune hires new CFO, gains government approvals to make hand sanitizer
Neptune Wellness Solutions has appointed a new chief financial officer, Toni Rinow. Rinow has 20 years of business experience and is “well known for accelerating revenue streams through acquisitions, corporate development, sales and marketing, and financing,” the company said in its announcement Wednesday, the day Rinow started her new role. The company’s announcement Wednesday came […]
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