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Massachusetts judge delays CBD lawsuit pending FDA rules

Published August 12, 2020

A Massachusetts federal judge ruled that another lawsuit against a CBD maker alleging incorrect labeling will be delayed, “pending forthcoming FDA regulations on the products at issue.” Judge Allison D. Burroughs issued the ruling Tuesday, saying she was granting the defendant, Global Widget, a request to stay the case. She denied their appeal to dismiss […]

As national USDA rules loom, industry ramps up pressure for changes or delay

Published August 12, 2020 | By Ivan Moreno

As the deadline approaches for single set of nationwide hemp-production rules, states and industry associations are pressuring the U.S. Department of Agriculture to delay implementation of its new rules, warning the federal agency that several states won’t meet the deadline.

2 more Canadian MJ companies make partnerships to enter CBD space

Published August 11, 2020

Two Canadian marijuana companies have made processing and distribution agreements with CBD businesses, including one in the U.S.

Uruguay eases hemp, marijuana exporting rules

Published August 10, 2020

Uruguay is making it easier to export medical marijuana and hemp by eliminating the requirement that plants be registered first as medicine.

State ag departments, industry advocates ask USDA to delay new regulations

Published August 7, 2020

The National Industrial Hemp Council and the National Association of State Departments of Agriculture say “many states will be unable to meet” the Oct. 31 deadline to switch to new rules for hemp production.

CBD prices are falling as companies seek new consumers. Is that a good thing?

Published August 7, 2020 | By Ivan Moreno

CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19.

CV Sciences reports revenue decline for second straight quarter

Published August 6, 2020

CV Sciences Inc., a San Diego-based CBD manufacturer, reported $5.4 million in revenue for the fiscal quarter that ended June 30 – a massive drop from the $16.9 million it reported during the same period in 2019.

Georgia sets higher processing fees, out-of-state sales with new hemp law

Published August 5, 2020

Regulations for Georgia’s new hemp industry are now in effect, allowing out-of-state hemp sales, hiking processing fees, and implementing transportation rules. Hemp processors would need to pay a $25,000 permit fee to the state Department of Agriculture on the first year and $50,000 every subsequent year. The fees are much higher than what Georgia set […]