CBD Products & CBD Business News

Hemp producer GenCanna files for Chapter 11 bankruptcy protection

After a season rife with challenges, Kentucky hemp producer and CBD manufacturer GenCanna Global and its subsidiary Hemp Kentucky filed for bankruptcy protection. GenCanna’s Chapter 11 filing on Wednesday followed involuntary Chapter 11 bankruptcy petitions filed in January by companies owed money by the Winchester, Kentucky-based firm: Pinnacle. Crawford Sales. Integrity/Architecture. According to the case […]

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EXCLUSIVE: Dominant Florida medical cannabis supplier sees huge CBD dip

Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, has experienced a huge drop-off in milligrams of CBD sold in Florida over the past eight weeks. The trend accelerated this week, according to data analysis from Marijuana Business Daily‘s Investor Intelligence analysts. Trulieve’s market share of CBD sales has fallen nearly 20 percentage points […]

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Australia considers allowing some over-the-counter CBD products

Australian health authorities are considering a new scheduling status for CBD, potentially making it available over the counter in low doses as early as this year. The change could open a large new market in a nation with a thriving gray market for CBD but no legal access without a doctor’s prescription. In a public […]

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CBD user data? There’s an app for that, and the results are headed to FDA

A cannabis sector-focused health and wellness research company is leading an industry-sponsored liver-toxicity study to deliver aggregated, “real-world experience” data that will help answer federal health officials’ safety concerns about consumer use of CBD. After a December meeting with federal officials responsible for regulating CBD in which ValidCare presented initial consumer-experience data collected through its […]

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Colorado State University to study chemical compounds of hemp

A research center at Colorado State University (CSU) dedicated to studying the chemical compounds in hemp and marijuana is expected to open this spring, school officials said. The research facility on the CSU campus in Fort Collins, Colorado, will allow faculty and students to study the formulation of cannabinoids, separation efficiencies and efficacy testing. “Cannabinoids […]

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Former DEA chief joins new CBD advisory panel

A former head of the U.S. Drug Enforcement Administration (DEA) is joining the latest advisory panel tackling CBD regulations. Karen Tandy, who led the DEA from 2003 to 2007 and was the first female DEA chief, is among a panel of former government officials looking at the CBD industry for the Consumer Brands Association, which […]

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European health agency links hemp food to THC exposure

A European health agency is warning that eating hemp foods can cause elevated THC levels if ingested in high quantities, a troubling signal for hemp businesses in Europe and worldwide that are seeking assurances that hemp is safe to put in food and drink. The January report from the European Food Safety Authority (EFSA) looked […]

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Congress ramping up pressure to ‘provide a pathway forward’ for hemp, CBD

New legislation introduced by the top-ranking member of the U.S. House Agriculture Committee could require federal food and agriculture regulators to treat hemp-derived CBD as a dietary supplement. Agriculture Chair Collin Peterson, a Minnesota Democrat, suggests changing the Federal Food, Drug and Cosmetic Act (FD&C) to include the regulation of hemp-derived CBD and products containing […]

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