One of the nation’s best-known convenience store chains, 7-Eleven, is scrambling to distance itself from a Colorado company that announced this week that its CBD oils will be sold in roughly 4,500 of the retailer’s outlets this year. The tiff between 7-Eleven and Phoenix Tears, a Denver company that makes hemp-derived CBD oils and oral […]
Read MoreFour nations to watch in the hemp market
The United States may be driving innovation in international marijuana markets, but when it comes to hemp, U.S. producers are scrambling to catch up with established trade opportunities for a crop that has long been legal in other countries.
Hemp is taking root in the United States, thanks to the 2014 Farm Bill, which allowed limited production. But booming U.S. demand for hemp products is still largely filled by overseas producers.
Read MoreNew SBA lending rules could curb loans to hemp businesses
The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the cannabis industry – and not just those on the marijuana side.
The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or hemp firm.
Read MoreMcConnell plans to attach hemp legalization measure to Farm Bill
Senator Majority Leader Mitch McConnell’s bill to legalize hemp continues to build momentum, attracting additional co-sponsors from both sides of the aisle after being fast-tracked to the Senate floor. The latest twist: The Republican from Kentucky now plans to attach the language of his legislation to the 2018 Farm Bill, which might improve the measure’s […]
Read MoreColorado advances CBD medicine legalization measure to governor’s desk
The Colorado Legislature passed a bill that permits doctors to prescribe CBD medicines provided they have won approval from the U.S. Food and Drug Administration – a development that could happen within a matter of weeks. The state Senate signed off on the measure Tuesday, and it now moves to Gov. John Hicklenlooper for his signature. Passage […]
Read MoreHemp Notebook: Why hemp and CBD business execs should talk about race
We all know the long, sad history of racial disparities in drug enforcement. Now the hemp industry is starting to see it firsthand as the booming market for hemp-derived CBD runs into confusing mixed messages about whether the products are legal.
Read MoreCBD-infused products firm Endexx looks to go global with new joint venture
Arizona-based Edibles maker Endexx Corp. is poised to expand into several international markets through a joint venture with Jamaica-based Go Green Global Enterprises, the firm announced Monday. Under the joint venture, Endexx will tap into Go Green Global’s distribution channels to sell its portfolio of CBD products in Canada, Europe, South and Central America and […]
Read MoreCannabis, CBD industry wary of looming decision on epilepsy drug
The most disruptive product to hit the newly legal hemp industry might be one that will never be sold directly to consumers. GW Pharmaceuticals, a London-based biotech company, is awaiting a final decision from the U.S. Food and Drug Administration to produce the first cannabis-derived treatment to win approval as legal medicine. The decision on […]
Read MoreOrgana Brands co-founder Ralph Morgan departs for new CBD venture
The co-founder of marijuana vape manufacturer Organa Brands is leaving to start a new company focused on hemp-derived wellness products. Ralph Morgan said he is still exploring a name and headquarters location for his new company, which will produce cannabidiol concentrates marketed to a medical audience, not recreational marijuana consumers. Morgan told Marijuana Business Daily […]
Read MoreHot ink: CBD makers hoping tattoo-care products will open new $1.6 billion market
A growing number of hemp companies are launching products aimed at the tattoo industry, from CBD patches marketed as pain relief to balms and creams designed to speed recovery, to expand their retail opportunities. “A tattoo, it’s basically just an open wound,” said Ali Munk, spokeswoman for Infinite CBD, a Denver company that makes hemp-derived […]
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