Colorado-based CBD maker Charlotte’s Web has appointed a chief operating officer to replace Stephen Lermer, who left the company Jan. 31. The Boulder company said in a release that David Panter is its new COO, effective Monday. Charlotte’s Web said Panter has more than 20 years of “global supply chain experience” at businesses including the […]Read More
CBD is currently the fastest-growing segment in the cannabis industry, with new companies jumping into the market almost daily and retailers from big-box chains to mom-and-pops eager to stock their shelves with the hot, in-demand products.Read More
The U.S. Food and Drug Administration said it will continue to “take appropriate action against unlawful CBD products that pose a risk of harm to the public,” even as the federal agency implored the industry to collaborate with the government to study CBD’s possible benefits and dangers. The statement Thursday from new FDA Commissioner Dr. […]Read More
Hemp companies of all stripes – from growers to retailers – are likely to join other global industries feeling the fallout from the coronavirus outbreak.Read More
A New York-based company that makes hemp-derived CBD supplements, drinks and cosmetics has secured $5 million from a European private equity firm in a cash-for-stock deal. Emerald Organic Products, which makes CBD products under the Pura Vida Vitamins label, on Tuesday announced the deal with Bedrock Group Holdings, a private equity firm with offices in […]Read More
The United Kingdom became a trailblazer in national CBD regulation earlier this month when its Food Standards Agency (FSA) set a deadline for the industry to apply for European Union safety evaluations as a “novel food” and also provided consumption guidelines to consumers. The UK guidelines, which do not apply to Scotland, came a little more […]Read More
Colorado hemp grower and CBD manufacturer EcoGen Laboratories raised $40 million in a private placement, saying it will use the funds to consolidate operations and start producing white-label CBD products in a former steel plant in western Colorado. The company said it plans to consolidate operations and extraction in a new headquarters in Grand Junction, […]Read More
A Colorado CBD manufacturer is considering another appeal on its quest to get back hemp biomass seized last year in Idaho. Big Sky Scientific of Aurora, Colorado, received another rejection last week from an Idaho judge. The company is trying to get Idaho State Police to return roughly 6,700 pounds of biomass seized last year […]Read More
Will 2020 be the year of the cannabinoid CBG? Some hemp producers are betting on it after a year of overproduction of CBD.Read More
A decision by a federal judge in Florida to put a CBD lawsuit on hold pending federal clarity on the extract signals the judiciary isn’t yet ready to start hearing class action claims against the industry. U.S. District Judge Ursula Ungaro ruled Jan. 3 that a CBD manufacturer shouldn’t face certain liability claims until the U.S. Food […]Read More
Mile High Labs, a CBD manufacturer in suburban Denver, said it has laid off 20 employees, mostly sales positions. This week’s layoffs, a cut of less than 10% of Mile High Labs’ workforce, take the company from more than 250 employees to about 230, the Denver Post reported. The layoffs follow a growing trend in […]Read More
Prosecutors in Braunschweig, Germany, are seeking prison time against the operators of a retail shop that sold hemp teas. The public prosecutor’s office says the sale of hemp tea is illegal, regardless how low the THC content. The operators of the Hanfbar retail store – Marcel Kaine and Bardia Hatefi – face sentences of three years and 2½ […]Read More
Monica Raymunt Interviews Giovanni Isoldi, CTO at Materia Medica ProcessingHemp Industry Daily international reporter, Monica Raymunt, interviews Giovanni Isoldi, CTO at Materia Medica Processing.
Laura Drotleff Interviews Jonathan Vaught, CEO & Founder of Front Range BiosciencesHemp Industry Daily reporter, Laura Drotleff, interviews Jonathan Vaught, CEO & Founder of Front Range Biosciences.
Starting a CBD Business During a Time of UncertaintyThe economy has seen its fair share of up’s and down’s, but the CBD industry, still in infancy, has been a wild ride. The CBD industry has been the mecca for business entrepreneurs and start-ups, but what happens when economic or environmental circumstances out of your control strike? Hemp Industry Daily reporter Ivan Moreno, speaks with Jennifer Culpepper, Founder and Principal at Brand Joint and Co-founder at I+I Botanicals, and Christopher Gavigan, Founder and CEO at Prima, to discuss their experience during COVID-19.