CBD Products & CBD Business News

Alabama state officials tell public to avoid CBD products

Retailers who sell CBD products in Alabama are getting mixed messages now that the Department of Health is asking the public to avoid using CBD. It’s a move that directly conflicts with the state’s direction in December that authorized hemp-derived CBD production and sales. While CBD derived from marijuana remains illegal, Alabama was the first […]

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FDA commissioner gives fresh details on CBD review

In two separate meetings over the past two days, the U.S. Food and Drug Administration offered a glimpse of potential CBD regulations to come and promised an April hearing to start work. FDA Commissioner Dr. Scott Gottlieb told state agriculture regulators that products not approved by the FDA and marketed with unproven claims about therapeutic benefits […]

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Earnings roundup: GW Pharmaceuticals awaiting big CBD drug sales as it reports losses

GW Pharmaceuticals, the drugmaker behind the only federally approved CBD product, is still losing money, though it says it’s happy with early sales of its seizure control drug Epidiolex. Last summer, Epidiolex became the first cannabis-derived treatment approved by the U.S. Food and Drug Administration, prompting the U.S. Drug Enforcement Administration to reschedule CBD under […]

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Martha Stewart enters the CBD game, will advise Canopy on products

Celebrity lifestyle guru Martha Stewart has agreed to advise Canadian marijuana giant Canopy Growth on hemp-derived CBD products. Stewart said the first collaboration will offer products for pets. Financial terms of the business partnership were not disclosed. The companies did not say if the CBD pet products would be sold in the U.S. or in Canada. Canopy […]

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California hemp company sponsored to help research high-CBD cultivars

A California hempseed company and a traditional agriculture biotech firm have been tapped to breed improved industrial hemp cultivars for California. California Hemp Corp., based in Oakdale, and Benson Hill Biosystems, a Missouri crop-improvement company, have partnered in a sponsored research agreement with the University of California, Davis (UC Davis) to breed improved industrial hemp cultivars, […]

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North Dakota court says CBD status not a ‘matter of great public concern’

North Dakota’s highest court has decided not to rule on the legality of hemp-derived CBD, upholding a drug conviction for a vape-shop owner who sold CBD. The court said that the retailer, Falesteni A. Abu Hamda, should have made his CBD argument earlier instead of accepting the state’s case against him. Hamda was charged with seven drug […]

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Marijuana companies look to build big business in hemp

Two large cannabis companies said Monday they are investing in developing their own lines of hemp-derived products by opening subsidiary companies. Chicago-based Cresco Labs, a vertically integrated, multistate cannabis operator, is opening Well Beings to offer a full line of hemp-derived products eligible for national distribution, as well as CBD versions of house-branded products that include […]

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Arizona hemp farmers get green light to plant in June

Hemp farmers in Arizona can now begin planting two months earlier than originally planned, thanks to a bill signed into law by Gov. Doug Ducey. State Sen. Sonny Borrelli of Lake Havasu City sponsored the bill, which could permit farmers to plant as early as June rather than waiting for August, as set by another bill […]

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GW Pharma denies supply issues with cannabis-based drug Epidiolex after stock falls

GW Pharmaceuticals, the British maker of epileptic seizure-control medication Epidiolex, said it was not aware of any supply issues related to the cannabis-derived drug after a tweet from a patient’s father complained he could not source the medicine. GW’s stock was down more than 3% on Wednesday on the Nasdaq after the tweet from San […]

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Tilray makes CBD move with Manitoba Harvest acquisition

Cannabis giant Tilray is expanding into the natural foods category with the acquisition of hemp foods company Manitoba Harvest for 419 million Canadian dollars ($319 million) in cash and stock in an effort to capitalize on cannabidiol-infused products in North America. The acquisition will accelerate British Columbia-based Tilray’s expansion into the U.S. and Canadian markets […]

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What is CBD skin care worth? Industry executives talk market opportunities as retailers buy in

As companies prepare for legal changes to the hemp industry after the plant’s federal reclassification, a sleeping giant in the CBD sector is beginning to step into its full financial potential: skin-care products. The $18 billion U.S. skin-care industry is seeing a flood of CBD entrants, including large retailers such as Neiman Marcus, Sephora and Barneys. The skin-care scramble makes […]

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