CBD Products & CBD Business News

Alabama authorizes CBD production and sales, citing Farm Bill

Alabama has changed course and authorized hemp-derived CBD production and sales, citing the pending Farm Bill that removes the plant from the Controlled Substances Act. The state’s attorney general, Steve Marshall, issued the legal interpretation last week as Congress was finishing debate on the 2018 Farm Bill, which now awaits the signature of President Donald […]

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Chart: How the 2018 Farm Bill addresses top hemp industry challenges

Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far underpinned the industry – will be […]

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While on-site marijuana consumption stalls, CBD tasting and sampling take off

Cannabis entrepreneurs long frustrated by barriers to social consumption of their products are finding that CBD is a faster way to getting their products in front of consumers. Where marijuana entrepreneurs have been plagued by delays or outright hostility from public officials when it comes to public use, CBD manufacturers and retailers are finding new […]

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New York state bans CBD foods, vape products

New York state is banning CBD vape and food manufacturing and asking 2019 hemp licensees to sign a waiver acknowledging the “inherent risk” of making a dietary supplement considered off-limits by federal health authorities. The New York State Department of Agriculture and Markets also will require hemp-derived CBD supplements to go through the same testing as […]

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CBD beverage maker eyes global expansion via $85M purchase of Utah company

A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know: New Age will pay $75 million […]

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New Mexico finalizes hemp rules in time for 2019 crop

New Mexico authorities have finalized hemp rules in time for farmers to produce the state’s first legal harvest in 2019. The regulations proposed by the New Mexico Department of Agriculture were approved late last week. New Mexico will set different hemp fees for outdoor grows versus indoor or greenhouse grows. Prospective hemp producers will have […]

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Earnings roundup: Charlotte’s Web sales up 57%; GW Pharmaceuticals losses widen

CBD product sales boosted Charlotte’s Web Holdings’ revenues in the third quarter, while CBD drugmaker GW Pharmaceuticals saw its losses widen on lagging sales in its fiscal fourth quarter and full year. Charlotte’s Web (CSE: CWEB) reported revenue grew 57% to $17.7 million compared with last year’s $11.3 million during the same quarter. Year-to-date revenue […]

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North Dakota court asked to ignore CBD’s legal status as retailer appeals drug conviction

A tobacco-shop owner appealing his drug conviction said the products he sold were perfectly legal, but prosecutors want North Dakota’s highest court to leave that question to a jury. The North Dakota Supreme Court heard arguments this week in the case of Falesteni A. Abu Hamda, who was charged in 2017 with seven drug crimes after […]

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Oregon manufacturer sells partial ownership stake to expand CBD offerings

An Oregon CBD beverage maker has sold a partial ownership stake for $1.6 million to expand production and distribution. Ablis of Bend, Oregon, makes nonalcoholic beverages that contain 25 milligrams of CBD. The products are distributed in health and wellness retailers in 10 states. Acquired Sales Corp. of Lake Forest, Illinois, is spending $1.6 million […]

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Utah adds label requirement for CBD products to combat synthetics

Utah will require CBD products to carry labels certifying they were produced legally, a move to eliminate synthetic products and treatments that contain too much THC. The new labeling requirement takes effect in January, Salt Lake City TV station KUTV reported. The state joins Indiana and Oregon, which have previously implemented similar label requirements. The Utah Department […]

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