Athletes have long used cannabis products to fight inflammation and recover from injury, but drug-testing rules and marijuana stigma have often kept it a locker-room secret.
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Coca-Cola eyes CBD ‘functional wellness beverages’ as soda market cools
The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]
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Capitalizing on CBD: How hemp businesses are shaping the market and winning new customers
Dr. Priyanka Sharma had a thriving global business in chemical pharmaceuticals, traveling the world setting up factories extracting fish oil for nutritional supplements.
But Sharma and her husband, Pulak, left their home outside Chicago and moved to Colorado for the same three letters that have cannabis entrepreneurs, pharmaceutical companies and even mainstream grocers seeing dollar signs: CBD.
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Aurora makes big move into European hemp, CBD market
Continuing its global acquisition spree, Aurora Cannabis acquired two Lithuanian hemp companies for 6.3 million euros ($7.3 million) in cash and stocks. Edmonton, Alberta-based Aurora acquired hemp grower and processor Agropro UAB, which has some 4,000 acres growing hemp, and Agropro’s sister company, Borela UAB, which processes and distributes organic hulled hemp seeds, hemp seed protein, […]
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Hemp dispute may be harbinger of approaching legal storm
Two companies are in a legal tussle over what destroyed a 600-acre hemp farming joint venture in Colorado – a conflict that industry experts say could be the first of many as eager investors and firms try to cash in on budding business opportunities. In a recent California Superior Court filing, California-based H2 Partners claims that […]
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Virginia to keep CBD-only medical cannabis licensing review secret
The state panel that will award Virginia’s first five CBD-only medical marijuana business licenses will keep the application review process confidential. Virginia Board of Pharmacy chair Rafael Saenz announced Tuesday that the 51 applications would be considered in closed session, the Richmond Times-Dispatch reported. Regulators conferred about Virginia’s public-meeting law for 30 minutes, before a decision […]
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CBD extraction firm snags tax breaks, hiring assistance in Kentucky
Kentucky’s booming CBD industry received an additional boost when the state granted an extraction company roughly $240,000 in tax breaks, plus help finding and training workers. Lexington-based firm Zelios, which opened four months ago, said it plans to double its extraction capacity and create 44 full-time jobs for a total investment of about $2.1 million. Kentucky Gov. […]
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2018 Farm Bill: What to watch for – from 6 hemp industry insiders
Hemp farmers nationwide are preparing for harvest, but they’re also keeping a close eye on Washington DC. Here are some reasons why: Congress is beginning final negotiations on the 2018 Farm Bill, which could either remove hemp from the Controlled Substances Act or revive a prohibition on growing it. It’s up to 56 lawmakers who […]
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Ohio bans CBD sales outside medical marijuana dispensaries
Ohio health officials have declared that over-the-counter CBD sales in the state are illegal, despite the products’ widespread availability in grocery and health stores. The Ohio Board of Pharmacy said that CBD is legal only from state-licensed medical marijuana dispensaries, though none has opened yet, according to The (Cleveland) Plain Dealer. The CBD ruling came […]
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Maine CBD executive settles SEC complaint for $390,000
The founder of a Maine-based CBD company will pay more than $390,000 to settle charges by the U.S. Securities and Exchange Commission that he advertised sales of unregistered securities on Craigslist. The SEC complaint alleges that, beginning in 2014, Richard Greenlaw of Kittery, Maine, raised approximately $500,000 from at least 59 investors by offering securities […]
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CBD firm Charlotte’s Web ups Canadian IPO to CA$100M amid strong demand
Update: Gross proceeds from the Charlotte’s Web IPO, which was completed Thursday, totaled CA$115 million, including both the primary and secondary offerings. The primary offering raised CA$93.1 million from the sales of 13,312,150 common shares. The company has begun trading on the CSE under the ticker symbol CWEB. In the face of strong demand for […]
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Illinois governor approves hemp law aimed at commercial production
Illinois is no longer one of the nation’s largest hemp holdouts after Gov. Bruce Rauner signed a law to allow immediate commercial production, citing activity in nearby states. The new law contains some of the nation’s strongest language protecting farmers’ ability to make money growing hemp. Farmers can submit a hemp research plan if federal law […]
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