Briefs


Federal Reserve’s new loan programs include $600 billion to support businesses

More money may be available to hemp businesses as the Federal Reserve announced plans on Thursday to release up to $2.3 trillion in loans to help the U.S. economy through disruptions caused by the coronavirus crisis. The announcement came just moments after the U.S. government reported that 6.6 million new jobless claims were filed last week. […]

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FDA cracks down on 3 CBD companies making COVID-19 claims

The U.S. Food and Drug Administration has sent warning letters to three more CBD retailers for making COVID-19 claims. Letters were sent to Indigo Naturals and Native Roots Hemp on Monday, and to CBD Online Store on Wednesday. The FDA warned them to stop making claims linked to the coronavirus or else risk legal action, including seizure […]

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Charlotte Figi, namesake of Colorado CBD manufacturer, has died

Charlotte Figi, the namesake of a Colorado CBD company who became a symbol for the therapeutic potential of cannabidiol and medical cannabis, has reportedly died from complications associated with COVID-19, the illness caused by the coronavirus pandemic. Charlotte’s death was announced late Tuesday in a Facebook post by a family friend. No time or location […]

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NY attorney general orders CBD company to stop marketing products as coronavirus cure

New York state’s attorney general has ordered a CBD company to stop marketing one of its products as “immunity oil” against the coronavirus. Attorney General Letitia James said “consumers have encountered these false claims in email campaigns” by the company called Finest Herbalist, the Daily Voice reported Wednesday. The emails have titles such as, “Protection from Corona […]

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Thursday webinar: Hemp experts offer advice on ‘Tapping the Stimulus Package’

The federal government is releasing trillions of dollars to help small businesses stay afloat in this time of crisis. How can your hemp company get the help it needs? The clock is ticking to register for Hemp Industry Daily’s live webcast, “Tapping the Stimulus Package and Other Business Assistance Programs,” scheduled for 1 p.m. ET/ 10 […]

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DEA removes cannabis drug Epidiolex from controlled substance list

Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, is no longer considered a controlled substance, providing a boost to its manufacturer’s stock price. GW Pharmaceuticals, a biopharmaceutical company based in London, saw its stock go up 5.9% on Tuesday, one day after the U.S. Drug Enforcement Administration said it […]

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Neptune Wellness Solutions appoints two new board members

A Quebec, Canada-based supplements company announced the installment of two new members to the company’s board of directors. Neptune Wellness Solutions of Laval, Quebec, on Tuesday said Joseph Buaron and Michael A. de Geus were joining the company’s board. Buaron has two decades of experience as a chief technology officer, while de Geus is a […]

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First CBD novel food application headed for EU risk assessment

A cannabinoid producer in the Czech Republic is the first to have a CBD novel food application declared “valid” by EU authorities and move forward for a risk assessment. CBDepot’s application for the authorization of synthetic cannabidiol was sent to the European Food Safety Authority (ESFA) for a risk assessment on March 27, agency spokesman […]

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CBD store owner accused of defrauding investors in SEC complaint

The co-founder of a defunct Connecticut holding company and CBD and hemp store has been charged by the U.S. Securities and Exchange Commission with bilking investors. In addition to his holding company, Halitron, Bernard Findley was the co-founder of Hopp & Hemp Co., which sold CBD and other hemp products, according to The Newton Bee. A federal charging […]

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Historic hemp records donated to University of Kentucky

A trove of business records from a 20th-century Kentucky hemp processor are now in the hands of the University of Kentucky. A family in Bourbon County donated some 17 boxes of records from the family decortication and processing business that operated from roughly 1900 to 1940. The university’s Special Collections Library will clean and archive the […]

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Alaska’s hemp industry set to go live through online-only registrations

Farmers, processors and retailers in Alaska can start applying for hemp registrations Monday after the industry officially launches on April 4. Due to the coronavirus outbreak, all registrations must be submitted electronically through the Alaska Division of Agriculture’s website. Agriculture officials in Alaska used a social media broadcast to lay out new rules for the […]

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