CBD Products & CBD Business News

Utah Republican starts CBD research company

A former GOP congressman from Utah has started a CBD company, where the Republican plans to conduct studies on the possible medical benefits of cannabidiol. Former U.S. Rep. Chris Cannon told the Standard-Examiner he created the company after his state passed a 2017 law expanding cannabis research under the direction of a physician. “We realized a long […]

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CBD manufacturer buys stake in Canadian maker of hemp, MJ pharma products

A CBD manufacturer with offices in Canada and California is moving further into the Canadian cannabis market, acquiring a 25% stake in a company in the final stages of licensing to make hemp and marijuana pharmaceutical products. Isodiol International said it’s acquiring 25% of Canadian National Pharma Group, a pharmaceutical manufacturing company. Isodiol also has […]

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CBD sales spike in Indiana ahead of feared crackdown

Stores selling CBD in central Indiana are seeing a spike in sales after the state’s attorney general declared the products illegal with one limited exception. Kokomo store owner Joan Johnson said sales and interest in CBD increased after Attorney General Curtis Hill issued his opinion last month, the Kokomo Tribune reported. Hill said that CBD products are […]

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Hemp, CBD investments accelerating in Europe

Cannabidiol investments are heating up across Europe, as entrepreneurs race to capitalize on hemp and CBD business opportunities. A Swiss cannabis business, CBD420, is marketing hemp strains that meet Europe’s limit of 0.2% THC, with products for sale in more than 1,000 tobacco shops in Switzerland and more than a dozen shops in France, according to […]

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Oklahoma proposal would allow hemp-based CBD production

Oklahoma lawmakers are poised to consider legal hemp production in 2018, a move that would open the state’s limited cannabidiol program to in-state producers. If the bipartisan proposal aimed at boosting a sagging farm economy succeeds, Oklahoma would join more than 30 other states that allow hemp production. “It’s a true cash crop and has a […]

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Flower power: Canada’s new hemp rules boost CBD production, but limits remain

Canada’s hemp market is about to skyrocket under new regulations that allow the nation’s farmers to use the plant’s flower for cannabidiol extraction. The proposal has farmers and cannabis companies scrambling to capitalize on the change. “This changes everything,” said Jenn Larry, president of CBD Strategy Group, a Montreal-based consulting firm for cannabis companies. “We’ve been growing hemp […]

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Indiana retailers given 60 days to take CBD off shelves

Indiana Gov. Eric Holcomb has told retailers they have 60 days to take CBD products off their shelves, but he also said state legislators could craft a new law allowing CBD sales. The governor’s mixed messages come as the Hoosier State tries to make sense of conflicting policies regarding nonintoxicating cannabidiol, according to WXIN-TV in Indianapolis. […]

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CBD oil is illegal in Indiana, state’s attorney general rules

CBD oil on Tuesday was officially banned in Indiana – mostly. State Attorney General Curtis Hill sought to end months of confusion by ruling that CBD oils are against the law in Indiana. However, he stipulated that patients suffering from epilepsy seeking relief from seizures may use the controversial oils, the Indianapolis Star reported. The newspaper […]

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Canada awaits hemp boom, with companies pivoting to capitalize on CBD

Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the government will soon dramatically expand how the nation’s 120,000 acres of hemp can be used.

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Hemp wins unanimous approval in Wisconsin Senate

Hemp is cruising through the Wisconsin state legislature, where the Senate voted 33-0 to approve cultivation of the new crop. The Wisconsin bill hemp bill now heads to the Assembly, which scheduled a hemp hearing Wednesday. The final Assembly vote on hemp could come Thursday, according to WHBL-TV, possibly sending the bill to Republican Gov. […]

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Canadian MJ grower buys Maine hemp farm for CBD production

A Canadian company that specializes in indoor marijuana production is going outside – buying a Maine hemp farm to ramp up its CBD oil production. Future Farm Technologies of Vancouver said in a news release it has acquired a 120-acre industrial hemp farm in Amity, Maine. Terms weren’t disclosed. Derek Ross, the farm operator and Future […]

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FDA sends another round of warnings to CBD producers

Federal drug authorities have sent another round of warning letters to CBD producers about making health claims. The recipients include CW Hemp, the Colorado Springs, Colorado, company that supplies the popular Charlotte’s Web medicine for intractable epilepsy. The Food and Drug Administration sent four warning letters Wednesday to two Colorado companies – CW Hemp and Pueblo-based That’s Natural! […]

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