CBD maker GW Pharmaceuticals lost $8 million in its latest quarter – an improvement over the previous three-month period – but the United Kingdom-based medical cannabinoid company warned the COVID-19 pandemic could hit sales if fewer patients visit their doctors. Revenue in the quarter ending March 31 reached $120.6 million, up from $91 million and $109.1 […]Read More
A California coffee company says it has broken ground on a project to build a hemp grow and processing facility in Nicaragua as part of an agreement with a cooperative there. Youngevity International of Chula Vista announced the groundbreaking Tuesday, saying two of its U.S. subsidiaries, including one that sells CBD-infused coffee, and their Nicaraguan […]Read More
Hemp Industry Daily hosted a webinar looking at ways CBD and hemp businesses can navigate the challenges of operating in the U.S. during the COVID-19 pandemic. In the free webinar, Hemp Industry Daily reporter Ivan Moreno talks with two executives with experience launching their own businesses. They offered guidance and tips on: Funding and Cash Flow: How to […]Read More
A proposal to legalize hemp-derived extracts in food and beverages in California is on hold as lawmakers focus on coronavirus-related legislation to help the economy, but the bill’s sponsor says she’s bringing it back in August.Read More
In the midst of the coronavirus pandemic, CV Sciences, a hemp CBD manufacturer based in San Diego, reported revenue of $8.3 million for the first quarter ended March 31, down 45% from the same period a year ago.Read More
Texas has proposed a slate of rules for consumable hemp products and asked the public to make suggestions on them.Read More
A group of investors say a Canadian cannabis producer misled them when it said it was acquiring a UK-based agricultural company that could “almost immediately” start exporting hemp and CBD products to the European Union.Read More
Hemp Industry Daily sat down virtually this week with Casey Flippo, CEO of hemp extraction firm Natvana LLC, who provides insights on what farmers can do with their leftover 2019 hemp inventory and how to approach working with processors and extractors before the 2020 planting season goes into full swing.Read More
A Toronto-based biopharmaceutical cannabinoid company is exporting 100,000 hemp seeds to Denver from Colombia through a subsidiary there. The first seeds were exported Thursday, according to Avicanna CEO Aras Azadian. Avicanna develops, manufactures and sells plant-derived cannabanoid-based products. Exporting all the seeds will be completed in the next two weeks. The Colombian government said that […]Read More
CBD of Denver expects to close on the purchase of CBDWelt24 GmbH and its two hemp cultivation facilities in Switzerland by the end May. The purchase price was not disclosed.Read More
Iconic cannabis magazine High Times has tapped Peter Horvath, former CEO of a nationwide CBD retailer, to lead its pivot into marijuana retail.Read More
The CBD market has attracted plenty of entrepreneurs, despite the nascent industry’s wild ride so far. Running a business won’t always go smoothly, but you can learn how to navigate uncertain times, whether it’s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily’s live webcast, “Starting a CBD Business During a Time […]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.