Briefs

Michigan quietly repeals CBD ban, sets hemp fees

Michigan is opening its CBD market beyond medical marijuana dispensaries after the governor signed a bill enabling the manufacture and use of hemp-derived CBD, the Detroit Free Press reported. The new law reverses a CBD limit enacted in May 2018 by Michigan’s Department of Licensing and Regulatory Affairs and the Bureau of Medical Marihuana Regulation, […]

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Mainstream consumer products branding firm buys CBD company in deal valued at $120M

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 […]

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Colorado hemp farmers can tap into state grant to hire interns

With the industry’s new federally legal status, hemp farmers have increased access to workforce-development grants that have long been available to other industries. Colorado has opened up roughly $40,000 for farmers to hire interns for at least 130 hours of work between now and June. All farmers can apply, including those licensed to grow hemp. Colorado […]

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Charlotte’s Web lands Coca-Cola executive to help guide expansion goals

Charlotte’s Web Holdings is looking for a new CEO as it brings on a marketing expert from the world’s largest beverage maker to chart new growth plans. The CBD manufacturer announced Thursday that it had hired Eugenio Mendez, a former vice president of The Coca-Cola Co. who focused on global marketing for the beverage giant’s water, […]

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Nebraska’s war on CBD continues, but prosecutor says lawmakers can ‘fix it’

A CBD American Shaman store south of Omaha received a cease-and-desist letter from a local prosecutor ordering the removal of cannabidiol products by the end of next week. The order comes despite the fact that hemp-derived CBD is no longer a controlled substance under federal law. However, Nebraska state law still bans “all parts” of the […]

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Kentucky submits hemp proposal to USDA for approval under 2018 Farm Bill

Kentucky is first in line to request federal approval of its hemp regulations. State Agriculture Commissioner Ryan Quarles submitted Kentucky’s rules Friday, a day after President Donald Trump signed the 2018 Farm Bill. “Hemp growers, processors and manufacturers deserve swift action so they can proceed with confidence,” Quarles told Bowling Green TV station WBKO. The Farm […]

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‘Potential is limitless’: Nevada CBD manufacturer inks nationwide deal with drugstores

A manufacturer making topical pain relievers with hemp-derived CBD plans to distribute its products nationwide through a network of independent drugstores, a deal announced in advance of expected Farm Bill approval by President Donald Trump in coming days. Leading Edge Pharma of Henderson, Nevada, announced Monday that its Cannavera line of CBD-infused creams, sprays and […]

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Alabama authorizes CBD production and sales, citing Farm Bill

Alabama has changed course and authorized hemp-derived CBD production and sales, citing the pending Farm Bill that removes the plant from the Controlled Substances Act. The state’s attorney general, Steve Marshall, issued the legal interpretation last week as Congress was finishing debate on the 2018 Farm Bill, which now awaits the signature of President Donald […]

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GenCanna’s 4th Kentucky hemp facility gets boost from tax incentives

Kentucky hemp grower and CBD manufacturer GenCanna Global is building a fourth factory in Kentucky, a $40 million facility the company received hefty public support for. GenCanna received “several million dollars” in state and local tax incentives to build the factory in Mayfield, in western Kentucky, President Steve Bevan told Hemp Industry Daily. The plant will […]

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Canada cannabis giant ups stake in Italian CBD manufacturer

A subsidiary of Canadian cannabis giant Canopy Growth is increasing its investment in an Italian hemp company. Canopy Rivers announced that it will spend 17.4 million Canadian dollars ($13 million) to increase its ownership in CanapaR Corp., the parent company of CanapaR SrL, a hemp-derived CBD manufacturer based in Sicily. The deal gives Canopy Rivers 49.9% […]

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Texas looks to join national hemp boom

Texas should join the hemp craze, according to the top agriculture official in the largest state not to allow cultivation of the plant. Texas Agriculture Commissioner Sid Miller is calling on the U.S. Congress to lift limitations on hemp farming, The Dallas Morning News reports. “This is all about taking the shackles off the American […]

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