CBD Products & CBD Business News

Hemp Harvest 2019: Six ways farmers may still profit this season

Farmers across the United States who produced hemp this year are using any means necessary to sell crops that are either still waiting in their fields to be harvested or drying postharvest. From posting hemp for sale on LinkedIn to working with brokers, farmers this season are looking for strategies to profit from hemp even […]

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5 vying for Hemp Game Changer nod at first MJBizDaily Awards

Cultivator of the Year. Regional Game Changer. Community Impact. These are just some of the categories for which the editorial team of Marijuana Business Daily vetted more than 670 entries for the inaugural MJBizDaily Awards. With the list of nominees having been culled to 55 finalists, a panel of cannabis industry professionals is hard at […]

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CBD firm trades shares for ads with media conglomerate in unconventional deal

A Canadian wellness company has entered into an equity partnership with an American consumer-media company to promote its hemp-derived CBD products in the United States. Neptune Wellness Solutions, based in Laval, Quebec, developed the deal with New York City-based American Media, a privately held publisher of consumer magazines such as Men’s Journal and Us Weekly. The media […]

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FTC identifies CBD retailers warned about health claims

A federal consumer protection agency has identified four CBD manufacturers it flagged for unfair and deceptive advertising. The U.S. Federal Trade Commission (FTC) announced warning letters were sent last month to four companies selling hemp-derived CBD products. At the time, the agency did not name the companies. A public records request posted this week made those warnings public. […]

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Canopy Growth invests in sports nutrition company, lays groundwork for new CBD products

Canadian cannabis giant Canopy Growth Corp. has bought a majority stake in BioSteel Sports Nutrition, a Toronto-based producer of athletic nutrition and hydration products. The cash transaction gives the Smith Falls, Ontario-based cannabis producer a 72% stake in BioSteel on the path to 100% ownership. Terms were not disclosed. Canopy Growth says the acquisition is […]

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CBD producer sues Oregon hempseed company for $44 million over ruined crop

A Kentucky-based CBD company filed a $44 million lawsuit against an Oregon hempseed company, claiming the hempseeds it supplied were bogus and contributed to ruining the company’s 2019 crop. Lexington-based Elemental Processing estimated it lost at least $44 million in profits after HP Farms of Troutdale, Oregon, allegedly supplied it with more than 6 million […]

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CBD manufacturers seek market edge touting absence of common weedkiller

A weedkiller so common in global agriculture that it turns up in rainwater and animal tissue is giving some CBD producers a strategy to stand out in a crowded market – by advertising their CBD doesn’t contain it. Several CBD producers, including RE Botanicals and Bluebird Botanicals, are rolling out product labels promoting the absence of […]

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Canadian health food association pushes back on CBD limits

Canada should allow hemp-derived CBD sales without a cannabis license, according to Canada’s largest trade association dedicated to natural health and organic products. The Canadian Health Food Association (CHFA) said natural-foods stores and other retailers shouldn’t need permission from Health Canada, the agency that regulates marijuana. The notice Monday came in response to one in June from […]

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CV Sciences expands distribution to Harris Teeter, The Vitamin Shoppe

CBD continues to mainstream as a grocery store chain in the South has picked up distribution of a hemp-derived extract and a national supplement retailer expanded its product range. Harris Teeter, based in Matthews, North Carolina, announced Tuesday it will distribute PlusCBD Oil, manufactured by San Diego-based hemp and CBD company CV Sciences, in 150 […]

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Hemp processing bottleneck could mean losses for farmers, setback for industry

The hemp industry is lacking the processing infrastructure it needs to turn raw hemp plants into extracts and other products, a bottleneck that could cost farmers and hopeful hemp businesses millions this year. California-based extraction machine manufacturer Delta Separations estimates the industry could see $7.5 billion worth of hemp rot in the fields because of […]

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