CBD Products & CBD Business News

McConnell puts pressure on FDA to expedite CBD rules

The senator most responsible for legalizing hemp is now trying to use a legislative finance maneuver to speed up federal rules on putting hemp extracts in food and beverages. Senate Majority Leader Mitch McConnell, a Republican from Kentucky, introduced new language that would require the U.S. Food and Drug Administration (FDA) to issue an “enforcement […]

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Coors subsidiary to start carrying nonalcoholic CBD beverages

Citing increased demand for nonalcoholic beverages, a Coors distributor in the Denver area has started carrying two brands of nonalcoholic drinks infused with hemp extracts including CBD. Coors Distributing Co., an independent LLC owned by Molson Coors, distributes beverages to more than 1,000 locations, including restaurants, convenience stores, grocery stores, liquor stores and events venues. […]

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Hawaii health officials ban most CBD products after vape-related hospitalization

Health officials in Hawaii are mandating that over-the-counter CBD products be removed from store shelves after an island youth was hospitalized due to a severe respiratory illness related to vaping. Amid growing national health concerns related to the use of vaporizers, Hawaii Department of Health Director Bruce Anderson told state lawmakers last week that his […]

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Idaho drug charges dropped, but truck driver transporting hemp pleads to lower misdemeanor

An Oregon truck driver charged with felony drug crimes for driving a truckload of hemp to Colorado has agreed to plead guilty to a lesser charge. The Ada County Prosecutor’s office said Denis Palamarchuk of Portland, Oregon, has agreed to plead guilty to hauling an improperly permitted load, a misdemeanor. Prosecutors are dropping felony drug-trafficking […]

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Four takeaways from the latest round of federal CBD warning letters

The young CBD industry is growing accustomed to federal health authorities warning companies not to make medical claims about the cannabinoid. But a round of warning letters this week from the U.S. Federal Trade Commission (FTC) – the consumer-protection agency that safeguards against unfair and deceptive advertising – served as a reminder that as CBD goes […]

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Aurora Cannabis divests itself of Green Organic Dutchman, hemp subsidiary

Canadian marijuana giant Aurora Cannabis has sold its remaining stake in a Toronto company that has a hemp subsidiary in Poland. Aurora sold its shares in The Green Organic Dutchman (TGOD) for 86.5 million Canadian dollars ($64.9 million). Though the move means Aurora has divested itself of a TGOD subsidiary that makes CBD products, HemPoland, […]

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Mary’s Brands bought by Connecticut cannabis firm; CEO steps down

Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch. Terms of the acquisition were not made public. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser. Mary’s Brands include: Mary’s Medicinals, […]

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Green Growth Brands completes first equity raise for CA$50.2 million

A Columbus, Ohio-based cannabis retailer that distributes CBD products at big-box retail stores and malls across America has completed its initial equity raise through a bought deal offering for 50.2 million Canadian dollars ($37.8 million). Green Growth Brands said in a statement that the raise is intended to fuel expansion. The company plans to combine […]

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Hemp Industry Daily seeks industry input for annual business survey

Hemp Industry Daily has launched its second annual survey of hemp industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives of hemp operations – from growers and processors to retailers, as well as investors funding hemp […]

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