Ohio-based marijuana retailer and former CBD retail giant Green Growth Brands said this week it has filed for insolvency protection in Canada.Read More
A federal bankruptcy judge has approved the sale of the bulk of the assets for GenCanna Global, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, to MGG Investment Group, a New York-based, private direct lender and one of GenCanna’s creditors.Read More
Hemp and CBD companies, like other agricultural commodities and consumer product goods industries, are liable for the products they put on store shelves and in consumers’ hands. That’s why it’s important for farmers and businesses to secure insurance and other provisions as risk mitigation.Read More
A Seattle maker of CBD for pets and a holistic pet company that sold branded CBD treatments called the “Zen Pen” are now embroiled in a legal battle over shelf stability and expiration dates.Read More
Canadian marijuana giant Aurora Cannabis is further divesting itself of some of the hemp assets it began acquiring in 2017 as it tried unsuccessfully to profit from the CBD market.Read More
A Florida company is recalling a batch of CBD oil voluntarily after a state agency tested the product and found that it contained dangerous levels of lead.Read More
CBD of Denver has inked a deal to buy a CBD retailer in Switzerland, its second planned purchase of a Swiss company announced this month.Read More
When COVID-19 spread and forced store closures, California-based Papa & Barkley lost about half of the 400 small CBD retail shops where the company was selling its products. Then online sales exploded. “We’ve seen a pretty dramatic increase in our online transaction volume,” said Adam Grossman, CEO and founder of Papa & Barkley. In March […]Read More
Prominent CBD maker Charlotte’s Web Holdings is pointing to market saturation, legal uncertainty and rising expenses as it reported a loss of $11.5 million last quarter. A year ago, the Boulder, Colorado, company reported a profit of $2.5 million. Charlotte’s Web reported revenue last quarter of $21.5 million, down about 1% from the same period last […]Read More
France’s blanket ban on the marketing of all hemp-derived CBD products contradicts EU law on the free movement of goods, an adviser to the Court of Justice of the European Union said in a legal opinion on Thursday. The advocate general’s opinion, if followed by the top EU court, would set a binding precedent and […]Read More
European regulators say they are willing to accept the hemp industry’s pooled efforts to demonstrate CBD safety in foods – but they have some words of caution about what collaborations will be acceptable.Read More
A cannabinoid scientist in Colorado is being tapped to develop mushroom products for a CBD company that is exploring the market for psilocybin mushrooms. Canadian CBD business NewLeaf Brands Inc. announced that the former research director of a Colorado hemp company, Ebbu, will be their new chief science officer. The announcement Tuesday that Robert Roscow was joining […]Read More
Laura Drotleff Interviews Dr. Jonathan Vaught, CEO & Founder of Front Range BiosciencesHemp Industry Daily reporter, Laura Drotleff, interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences.
Monica Raymunt Interviews Giovanni Isoldi, CTO at Materia Medica ProcessingHemp Industry Daily international reporter, Monica Raymunt, interviews Giovanni Isoldi, CTO at Materia Medica Processing.
Starting a CBD Business During a Time of UncertaintyThe economy has seen its fair share of up’s and down’s, but the CBD industry, still in infancy, has been a wild ride. The CBD industry has been the mecca for business entrepreneurs and start-ups, but what happens when economic or environmental circumstances out of your control strike? Hemp Industry Daily reporter Ivan Moreno, speaks with Jennifer Culpepper, Founder and Principal at Brand Joint and Co-founder at I+I Botanicals, and Christopher Gavigan, Founder and CEO at Prima, to discuss their experience during COVID-19.