CBD Products & CBD Business News

Virginia lawmakers OK bill allowing smokable hemp for anyone 21 and older

Virginia lawmakers have sent Gov. Ralph Northam a proposal allowing people 21 and older to smoke hemp. The bill, sponsored by Republican Delegate Danny Marshall, passed both chambers of the Legislature on Monday. Growing and cultivating hemp is legal under federal law, and farmers in Marshall’s district have embraced the new crop. But the Danville […]

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Colorado CBD company hires ex-FDA chemist to help develop new products

Colorado CBD maker Veritas Farms hired a former U.S. Food and Drug Administration official to help the company research and develop new products. Daniel Connors was an analytical chemist for the FDA, where he worked to maintain the safety of the nation’s food and medical supply, Veritas said in a news release Tuesday. His work at […]

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Wisconsin hemp grower sues Illinois contractor, says product was burned

A Wisconsin-based hemp grower is suing an Illinois farm it hired to dry 84,000 pounds of the crop, only to have most of the product burn during the drying process, a federal lawsuit alleges. Oconomowoc-based Lake County Growers said it hired Winslow, Illinois-headquartered Moest Holdings in October to dry the hemp with an industrial dryer. Lake […]

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Colgate to acquire brand with new CBD line of toothpaste, mouthwash

Oral hygiene giant Colgate Palmolive is joining the ranks of major U.S. companies entering the hemp and CBD space, with one of its soon-to-be brands launching a line of cannabidiol-containing toothpastes, mouthwashes and lip balms. Hello Products, an oral care brand based in New Jersey, launched its seven-product CBD line earlier this week, CosmeticsDesign reported. Colgate […]

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Louisiana begins licensing farmers, CBD firms to build state’s nascent hemp industry

Agriculture officials in Louisiana have begun issuing the first hemp production and handling licenses to farmers, processors and transporters, while businesses ranging from gas stations to pharmacies have received the go-ahead they need to sell products containing CBD in the state. As one of the first three states to receive federal approval for its state […]

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Washington state, Wyoming hemp oversight plans OK’d by feds

Washington state and Wyoming are the latest states to receive approval from the U.S. Department of Agriculture to run their own hemp oversight. The USDA also approved three American Indian Tribes: The Otoe Missouria Tribe. The Prairie Band Potawatomi Nation. The Santee Sioux Nation. Under the 2018 Farm Bill, states and tribes are permitted to oversee […]

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Australis backs out of deal for Colorado hemp firm Folium

Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis, said in a news release it […]

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Former Burt’s Bees executive joins NC-based CBD company

Former Clorox and Burt’s Bees executive Phoebe Leppla is joining Open Book Extracts to lead the company’s product development efforts. Leppla previously led research and development teams at Burt’s Bees, and she spent a decade at The Clorox Co. before that. At Clorox, she specialized in “product innovation in cleaning, wellness, beauty and personal care,” […]

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Abacus acquires Harmony Hemp for $5.5M, boosting retail reach to 12,000 stores

Rhode Island CBD manufacturer Abacus Health Products acquired Utah’s Harmony Health brand of topical CBD products in a cash-and-stock deal worth $5.5 million. The acquisition flexes Abacus’ retail footprint to roughly 12,000 locations nationwide. Harmony Health brands, which will continue selling under the Harmony Health name, include lotions, pain relief gels and roll-ons made by third-party contract […]

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President Trump requests additional funds to regulate CBD, hemp

Hemp and CBD would get new attention by federal agencies under a 2021 budget plan released this week by President Donald Trump. Trump’s proposal asks for an additional $5 million next fiscal year for the U.S. Food and Drug Administration to regulate cannabis and its derivatives, including CBD. The president also asked for more money […]

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Sports Illustrated, Canopy are latest to chase sports market

Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. New York-based Authentic Brands Group, owner of the Sports Illustrated brand, said it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy Growth, majority owner of […]

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