CBD Products & CBD Business News

New York City, Maine latest jurisdictions mired in CBD legal confusion

CBD’s legal problems have hit the nation’s largest city, with New York health inspectors seizing CBD-infused baked goods and warning restaurants to stop serving cannabidiol-infused foods. And in Maine, hemp entrepreneurs are protesting similar plans to take CBD foods off shelves. New York City officials said they’re not going to allow the sale of CBD-infused […]

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Maine orders CBD edibles removed from retail stores

Authorities in Maine have shocked retailers and hemp farmers by ordering CBD edibles be removed from stores amid concerns that cannabidiol still is not a federally approved food additive. Last week, health inspectors began ordering stores to remove “all foods, tinctures and capsules” containing the extract, the Portland Press Herald reported. Other nonedible CBD products, […]

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Chart: Fast-rising CBD still trying to make inroads with mainstream retailers

CBD’s meteoric rise in popularity has hemp growers finding all kinds of market opportunities that don’t exist for THC products, including yoga studios, pet boutiques, gyms and coffee shops – all foreign territory for marijuana-derived products. One Kentucky hemp producer even has CBD products being sold in tractor supply stores; a North Carolina CBD company has […]

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Canada marijuana titans flexing into US hemp industry

Flush with cash and looking for a toehold in the United States, Canadian marijuana companies are making big investments in hemp. Consider: Canopy Growth (NYSE: CGC), an Ontario marijuana producer that snagged an investment for 5 billion Canadian dollars ($3.8 billion) from a New York alcohol company, recently announced it is entering the U.S. hemp market. […]

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Uruguay continues Latin American cannabis leadership with hemp industry

Uruguay, often recognized as the pioneer in legalized recreational marijuana, is also building a solid foundation to support its hemp industry. “Uruguay is an agricultural country with a clear regulatory framework that offers attractive conditions for large-scale outdoor cultivation (of hemp),” said Maria Belen Algorta, who oversees Uruguay operations for Australia-based Ecofibre. “As far as […]

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Michigan quietly repeals CBD ban, sets hemp fees

Michigan is opening its CBD market beyond medical marijuana dispensaries after the governor signed a bill enabling the manufacture and use of hemp-derived CBD, the Detroit Free Press reported. The new law reverses a CBD limit enacted in May 2018 by Michigan’s Department of Licensing and Regulatory Affairs and the Bureau of Medical Marihuana Regulation, […]

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Mainstream consumer products branding firm buys CBD company in deal valued at $120M

In a deal directly related to the U.S. legalization of hemp in December, a firm that specializes in branding consumer-product companies acquired CBD manufacturer Cure Based Development. The sale, an all–stock transaction, is valued at $120 million based on expected revenue of $300 million over the next five years. Level Brands (NYSE: LEVB), whose portfolio includes […]

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Nebraska’s war on CBD continues, but prosecutor says lawmakers can ‘fix it’

A CBD American Shaman store south of Omaha received a cease-and-desist letter from a local prosecutor ordering the removal of cannabidiol products by the end of next week. The order comes despite the fact that hemp-derived CBD is no longer a controlled substance under federal law. However, Nebraska state law still bans “all parts” of the […]

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CBD boom goes bust in Austria as officials ban the extract in food, cosmetics

Austria’s Minister of Health ordered businesses to immediately stop selling CBD food and cosmetics because the products fall under the European Union’s definition of “novel food.” Cannabidiol is explicitly included in the EU’s novel food catalog, which means individual member countries may limit the marketing and sale of it without specific authorization. Business Association Cannabis Austria CEO Stefan Wolyniec […]

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‘Potential is limitless’: Nevada CBD manufacturer inks nationwide deal with drugstores

A manufacturer making topical pain relievers with hemp-derived CBD plans to distribute its products nationwide through a network of independent drugstores, a deal announced in advance of expected Farm Bill approval by President Donald Trump in coming days. Leading Edge Pharma of Henderson, Nevada, announced Monday that its Cannavera line of CBD-infused creams, sprays and […]

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