Massachusetts-based Curaleaf has inked a deal with the CVS pharmacy chain to begin selling hemp products at 800 stores in 10 states.Read More
Celebrity lifestyle guru Martha Stewart has agreed to advise Canadian marijuana giant Canopy Growth on hemp-derived CBD products. Stewart said the first collaboration will offer products for pets. Financial terms of the business partnership were not disclosed. The companies did not say if the CBD pet products would be sold in the U.S. or in Canada. Canopy […]Read More
The CBD industry is in desperate need of an idiot-proof way to distinguish legal CBD from illegal varieties derived from marijuana.
Could the solution be found in Utah?Read More
Cannabis giant Tilray is expanding into the natural foods category with the acquisition of hemp foods company Manitoba Harvest for 419 million Canadian dollars ($319 million) in cash and stock in an effort to capitalize on cannabidiol-infused products in North America. The acquisition will accelerate British Columbia-based Tilray’s expansion into the U.S. and Canadian markets […]Read More
Uruguay, often recognized as the pioneer in legalized recreational marijuana, is also building a solid foundation to support its hemp industry. “Uruguay is an agricultural country with a clear regulatory framework that offers attractive conditions for large-scale outdoor cultivation (of hemp),” said Maria Belen Algorta, who oversees Uruguay operations for Australia-based Ecofibre. “As far as […]Read More
In a deal directly related to the U.S. legalization of hemp in December, a firm that specializes in branding consumer-product companies acquired CBD manufacturer Cure Based Development. The sale, an all–stock transaction, is valued at $120 million based on expected revenue of $300 million over the next five years. Level Brands (NYSE: LEVB), whose portfolio includes […]Read More
Hemp is making strides faster than activists dreamed even a couple of years ago.
But there’s a darker side of this go-go hemp industry.
Lawsuits and legal disputes are popping up just as quickly as product announcements and merger deals.Read More
President Donald Trump has signed hemp legalization into law, a change expected to unleash seismic market changes for the hemp industry. Trump’s signature on the 2018 Farm Bill immediately removes hemp – defined cannabis below 0.3% THC – from the Controlled Substances Act. The change also applies to extracts from hemp, including CBD and other […]Read More
Austria’s Minister of Health ordered businesses to immediately stop selling CBD food and cosmetics because the products fall under the European Union’s definition of “novel food.” Cannabidiol is explicitly included in the EU’s novel food catalog, which means individual member countries may limit the marketing and sale of it without specific authorization. Business Association Cannabis Austria CEO Stefan Wolyniec […]Read More
Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far underpinned the industry – will be […]Read More
Cannabis entrepreneurs long frustrated by barriers to social consumption of their products are finding that CBD is a faster way to getting their products in front of consumers. Where marijuana entrepreneurs have been plagued by delays or outright hostility from public officials when it comes to public use, CBD manufacturers and retailers are finding new […]Read More
Nationwide hemp legalization cleared its final congressional hurdle Wednesday, sending the watershed 2018 Farm Bill that removes hemp from the Controlled Substances Act to President Donald Trump. The House voted 369-47 to pass a Farm Bill compromise that includes legalizing cannabis plants with no more than 0.3% THC. Trump has 10 days to sign or […]Read More
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