The hemp industry continues to be a top investment target for well-capitalized Canadian cannabis companies. But that doesn’t mean they’re all looking to grow the plant. Organigram CEO Greg Engel, whose New Brunswick-based company began trading this week on the Nasdaq, says CBD offers a big opportunity to enter U.S. markets. However, he added his […]
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Canada to consult public, businesses on natural health products containing hemp
Canada’s top health agency plans to launch public consultations on a proposed approach for regulating natural health products containing cannabis, Hemp Industry Daily has learned. Any subsequent regulations by Health Canada could have major implications for Canada’s CBD industry, which currently can be accessed only with a doctor’s prescription or through marijuana retailers. “Health Canada […]
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Canadian hemp growers, health food makers fighting CBD limits
Canada is wrongly treating hemp extracts like marijuana, limiting opportunities for farmers and creating a black market for CBD, according to a trade group that wants Canadian health authorities to reclassify hemp-derived CBD.
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Charlotte’s Web closes CA$140 million share offering
Charlotte’s Web, a Colorado-based CBD manufacturer, said it has raised 140 million Canadian dollars ($105 million) in a share offering. The move, in which existing shareholders sold some of their shares, was part of the company’s plans to raise up to CA$500 million. The overall raise will likely be used for possible acquisitions, funding ongoing […]
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‘Distinct products, distinct plants – that’s the only way’: Part 2 of a Q&A with CV Sciences exec Doug Mackay
As the hemp industry anticipates the U.S. Food and Drug Administration’s (FDA) first public hearing to start the process of regulating hemp extracts such as CBD in food, beverages and cosmetics, among others, a former dietary supplement executive now working with San Diego-based CBD manufacturer CV Sciences offers insight on regulatory compliance. In Part 1 […]
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Multistate producer Hemptown ready to scale hemp production, processing sites with $23 million capital raise
Hemptown USA, a multistate hemp producer and CBD company, completed a $23 million round of financing last week, allowing it to move forward with ambitious expansion plans in Colorado, Kentucky, Northern California and Oregon. The company will use the raise to purchase $5.5 million worth of Oregon CBD seeds. The rest will be used to: […]
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‘Be at the table, or you’re on the plate’: Part 1 of a Q&A with CV Sciences exec Doug Mackay
For a CBD company looking to see its products sold alongside traditional supplements and functional foods, what better place to look than a longtime executive from the natural-products world? In late March, San Diego-based CBD manufacturer CV Sciences brought on Douglas Mackay, a naturopathic doctor and former senior vice president with the Council for Responsible […]
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Colombian medical marijuana producer approved to export topical CBD products
Blueberries Medical, a Bogota, Colombia-based medical cannabis producer, has been cleared to produce and export CBD products from Colombian food and drug surveillance regulator Instituto Nacional de Vigilancia de Medicamentos y Alimentos (INVIMA). The five-product suite is Blueberries’ initial entry in the CBD market and includes creams, lip balm and shampoo. The company plans to […]
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Italy’s interior minister declares war on hemp products
In a move seen as more bluster than substance, an Italian official vowed to close all “cannabis light” – defined as cannabis with THC levels below 0.2% – shops in the country.
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HemPoland gains access to German CBD market through distribution agreement
European CBD producer HemPoland signed a distribution agreement with pharmaceutical distributor Mediakos to enter the German CBD market.
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Connecticut authorizes CBD in food, hemp farming
A new Connecticut hemp law that allows unlimited hemp production and the sale of foods containing CBD leaves New Hampshire as the lone New England state with no hemp program. The law signed Thursday by Gov. Ned Lamont sets up Connecticut hemp production as soon as this year. Details of the Constitution State’s hemp law […]
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Saks Fifth Avenue flagship store opening CBD beauty store within salon
The Saks Fifth Avenue department store chain announced that it will sell CBD skin-care products and nutritional supplements at its new salon in New York. The department store will include a CBD Beauty Corner at the chain’s flagship store’s salon, called The Salon Project. The new shop-in-shop concept launches on May 11 for Mother’s Day weekend, […]
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