CBD Products & CBD Business News

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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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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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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Soured CBD deal highlights need for ‘persnickety’ due diligence

A tantalizing innovation in the CBD market has turned into a nasty contract dispute that spans the globe.

Bomi Joseph, a California plant breeder, is suing CBD Naturals, a company that has been associated with Canadian CBD manufacturer Isodi. Isodiol once held distribution rights to Joseph’s self-proclaimed innovation – a cannabidiol product derived from a hops variant

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Stricter regulations stifle Michigan CBD market

CBD processing and sales are still legal in Michigan, but now they must be conducted within the revised, regulated medical marijuana market – at a cost many producers see as too high. Rick Thompson, a board member at the Michigan affiliate of the National Organization for the Reform of Marijuana Laws (NORML), said the May […]

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Canadian marijuana grower to buy Polish CBD company for $15.5 million

Canadian cannabis grower The Green Organic Dutchman has agreed to buy a Polish hemp company for $15.5 million. Green Organic Dutchman (TGOD) will pay $7.75 million in cash and the rest in stocks for 100% of HemPoland, a privately held company based in Elblag, Poland. The deal brings TGOD the CBD brand CannabiGold, as well as […]

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