CBD Products & CBD Business News

Connecticut authorizes CBD in food, hemp farming

A new Connecticut hemp law that allows unlimited hemp production and the sale of foods containing CBD leaves New Hampshire as the lone New England state with no hemp program. The law signed Thursday by Gov. Ned Lamont sets up Connecticut hemp production as soon as this year. Details of the Constitution State’s hemp law […]

Read More

Saks Fifth Avenue flagship store opening CBD beauty store within salon

The Saks Fifth Avenue department store chain announced that it will sell CBD skin-care products and nutritional supplements at its new salon in New York. The department store will include a CBD Beauty Corner at the chain’s flagship store’s salon, called The Salon Project. The new shop-in-shop concept launches on May 11 for Mother’s Day weekend, […]

Read More

Canadian CBD firm expands in Europe with Polish hemp grower

A Canadian company focused on CBD extraction in Europe has bought a Polish hemp grower. StillCanna acquired Olimax, which grows about 3,700 acres (1,500 hectares) of hemp, in a deal valued at more than 25 million Canadian dollars ($18.6 million). The cash-and-stock deal includes a cash payment of $2 million, plus 24 million common shares […]

Read More

Federal agency: CBD not allowed in alcoholic beverages

CBD is not a permitted ingredient in alcoholic beverages under current federal guidelines, according to the Alcohol and Tobacco Tax and Trade Bureau (TTB). The TTB, which falls under the U.S. Department of the Treasury that regulates alcoholic beverage and other industries, responded to a barrage of questions from alcohol and hemp industry members about whether […]

Read More

Charlotte’s Web appoints former Kellogg executive as CEO

In an effort to move into the mainstream CBD space, Boulder, Colorado-based CBD manufacturer Charlotte’s Web Holdings has selected a former Kellogg executive to serve as its CEO. Adrienne “Deanie” Elsner will assume the role effective May 15. Elsner was previously president of the U.S. snacks division at Kellogg. “Deanie’s appointment is timely and aligns […]

Read More

Europe’s hemp definition, ‘novel foods’ designation cloud region’s potentially booming CBD market

European hemp producers and manufacturers are struggling to capitalize on the global CBD boom and compete with U.S. manufacturers as they navigate the continent’s thorny regulations – but they’re optimistic that upcoming changes will open new CBD opportunities. The hemp and CBD industry wants the European Union to change its Common Agricultural Policy, which governs food […]

Read More

Elixinol buys 25% stake in Pet Releaf CBD brand

Elixinol has purchased a 25% stake in Altmeds, the manufacturer of hemp-derived CBD pet health brand Pet Releaf. The terms of the deal were not disclosed. Denver-based Altmeds already gets its CBD from Elixinol, a Colorado producer of hemp-derived CBD extract. The Altmeds investment allows Elixinol to gain a foothold in the growing CBD pet-products […]

Read More

Canopy’s Linton: ‘Massive shakeout’ ahead for CBD sector

Upheaval is ahead for North America’s CBD market, and those companies that focus on data, research and branding are the ones that will likely survive, according to Canopy Growth CEO Bruce Linton. “Water’s free, and you can make a lot of money packaging and branding it,” he said at the Cannabis Conference in Toronto, hosted by […]

Read More

The Vitamin Shoppe sells edible CBD supplements, against FDA guidance

The Vitamin Shoppe is the latest large retailer to announce it now carries CBD, but unlike other drugstore chains, the New Jersey-based company is selling edible CBD supplements and drops. The move goes against repeated warnings from the U.S. Food and Drug Administration (FDA)  that CBD in food, cosmetics and dietary supplements remains illegal. With 700 stores […]

Read More

Arizona payments processor to serve hemp, CBD businesses

While other banks and payment processors are stepping back, Hypur, an Arizona-based payments processor, has launched services to serve hemp and CBD merchants throughout the United States. Elavon, a U.S. Bank payments solution subsidiary, recently announced it would withdraw its services to the sector because of concerns over federal regulations. Other payment processing companies such as […]

Read More