CBD Products & CBD Business News

Congress to FDA: We need CBD answers by Friday

Saying that states need “immediate leadership” on CBD in foods, drugs and cosmetics, 12 members of Congress have asked the head of the U.S. Food and Drug Administration (FDA) to release updated guidance by Friday.

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CBD advertisements removed from Alaska city’s buses

Advertising restrictions continue to affect the hemp and CBD industry, with one Alaska town removing CBD ads from city buses rather than face possible complaints about them. A borough in Fairbanks took down Aurora Apothecary ads on buses promoting CBD. The bus system said that no one complained about the ads, but pointed out they should […]

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As CBD crackdown spreads, New York politician vows to halt ‘overreaction’

More restaurants and facilities nationwide report they can’t sell CBD anymore, even as an official in New York City vows to turn back the Big Apple’s crackdown on CBD use in eateries. In the past week, enforcement letters and product seizures spread to new jurisdictions, a response to December comments from the U.S. Food and Drug […]

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FSD Pharma reveals hemp purchase agreement after Auxly deal collapses

Ontario-based FSD Pharma has agreed to buy 1,000 kilograms (2,200 pounds) of hemp on a contractual basis from a farmer in the province for CBD extraction at the company’s Cobourg facility. The move comes after the breakdown last week of an agreement between FSD and marijuana company Auxly for the purchase of 49.9% of the […]

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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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