CBD Products & CBD Business News

Mary’s Brands bought by Connecticut cannabis firm; CEO steps down

Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch. Terms of the acquisition were not made public. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser. Mary’s Brands include: Mary’s Medicinals, […]

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Green Growth Brands completes first equity raise for CA$50.2 million

A Columbus, Ohio-based cannabis retailer that distributes CBD products at big-box retail stores and malls across America has completed its initial equity raise through a bought deal offering for 50.2 million Canadian dollars ($37.8 million). Green Growth Brands said in a statement that the raise is intended to fuel expansion. The company plans to combine […]

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Hemp Industry Daily seeks industry input for annual business survey

Hemp Industry Daily has launched its second annual survey of hemp industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives of hemp operations – from growers and processors to retailers, as well as investors funding hemp […]

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North Dakota retailer prevails in drug case over selling CBD vapes

A vape shop owner in North Dakota who sells CBD has succeeded in getting criminal drug charges against him dismissed after a two-year battle that went to the state’s Supreme Court. The retailer, Falesteni A. Abu Hamda, was charged with seven drug crimes in 2017, when police seized CBD vape pens and gummy bears from two of his Tobacco Depot shops. […]

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FDA exec: Don’t expect an exception for CBD

CBD treatments are promising, but far more research needs to be done before federal authorities can allow them in foods and dietary supplements, according to a leader of the U.S. Food and Drug Administration’s new cannabinoid work group. Talking to the National Industrial Hemp Council, Lowell Schiller warned CBD producers in attendance that the FDA […]

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Charlotte’s Web reports revenues buoyed by distribution deals; new CFO hired

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, on Wednesday reported revenue of $25 million for the second quarter ended in June, up 45% from the same period a year ago. Profit for the quarter was $18.8 million, up 35% from the previous year. Meanwhile, the company also announced that Chief Financial Officer Richard Mohr is […]

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Canadian marijuana giant sees ‘largest’ CBD sales coming from US

Cronos Group, a Toronto-based marijuana company, predicts CBD customers in the United States will be the “largest contributor” to its sales over the next couple of years. But company executives cautioned investors that it’s “too early to speculate” on how big the European market for CBD will become. The comments came as Cronos released its […]

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Five not-so-obvious strategies for CBD producers to tap the multibillion-dollar spa market

The market for hemp-infused topicals has never been hotter, with big-box retailers ranging from CVS to Sephora adding CBD creams and balms – despite pushback from U.S. health authorities. Even as the national market for topicals booms, though, opportunities abound for boutique CBD manufacturers in the U.S. spa industry, where wellness executives prize craft production even […]

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Canadian cannabis producer Cronos to invest $300 million in US hemp market

Cronos Group, a Canadian vertically integrated marijuana company with international production and distribution, announced Friday it will buy four operating subsidiaries from Redwood Holding Group for $300 million. Based in Los Angeles, Redwood produces, markets and distributes hemp-derived CBD products, including skin care, bath items and gummies, throughout the United States under the Lord Jones […]

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