Cannabigerol (CBG) is poised to make a substantial impact in the pharmaceutical and consumer goods markets, and researchers worldwide are investigating CBG’s potential medical benefits. To meet the growing need for CBG, High Grade Hemp Seed and Swiss Cannabinoid are pleased to introduce Matterhorn, a new high-CBG varietal that could open up production and make cannabigerol a viable force in the hemp industry. Previous varietals of CBG contained low quantities of the cannabinoid, making growing hemp for focused CBG production cost-prohibitive…
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Chart: Hemp sales could increase by more than $100 million by 2022, USDA predicts
U.S. hemp sales could increase as much as $25 million in 2020 and by more than $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA).
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Rocky start for inaugural hemp auction, but more events are planned
Optimism around a three-day hemp auction in Tennessee turned to disappointment when producers found way more sellers than buyers, driving prices down and leaving some frustrated. But organizers of the inaugural International Hemp Auction and Market, modeled after tobacco auctions in the area, say the market volatility will settle down, making future auctions more valuable. The […]
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How to stand out in a crowded CBD market: Q&A with branding expert Cindy Blum
The CBD marketplace grows more crowded by the day, with manufacturers struggling to gain market share in a sea of CBD products all claiming to be the most effective. That makes branding and marketing essential for even a savvy cannabis entrepreneur hoping to gain traction in a confusing and congested market, where every product starts […]
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Hemp banking gets a boost as four federal agencies remove red tape for new crop
After a seasonlong struggle associated with banking and financing their operations, hemp farmers and businesses can exhale now that federal and state financial institutions have loosened reporting restrictions on hemp banking and issued guidance to members.
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Greed, backstabbing and ‘Frankenstein contracts’ in the hemp landscape: Q&A with cannabis attorney Lisa Pittman
Hemp might be legal now, but more and more hemp companies are finding themselves in court. That’s because the booming industry has attracted a mix of new entrepreneurs and get-rich-quick scam artists looking to take advantage of a new market with few established players. Making matters more complicated for hemp businesses is the fact that many […]
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Canadian CBD company seeks to win shelf space with the help of a convenience-store group
Why would a CBD company want to try and enter the mainstream retail market through the labyrinth that is convenience stores and gas stations?
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How a CBD firm and a mattress company partnered on a gummy sleep aid
What better bedfellows to collaborate on a new sleep-aid product than a CBD company and a mattress maker?
That thought was the genesis of a collaboration between Plus Products of San Mateo, California, and New York-based mattress firm Casper Sleep.
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The story behind a hemp extract firm’s distributor deals with major grocery, pharmacy chains
When President Donald Trump signed the 2018 Farm Bill into law, it not only made hemp a legal crop on the federal level, it also made cannabis-derived products more obtainable to consumers beyond marijuana retailers.
A side effect of this development is that securing a partnership with mainstream retail companies has become the goal of every cannabis business hoping to reach more customers and potentially see a huge increase in sales.
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FDA says CBD not recognized as safe for food use, issues 15 warning letters
Federal health officials are standing firm against cannabidiol use in food, issuing a fresh round of warnings to companies making CBD edibles. The U.S. Food and Drug Administration (FDA) said Monday that it “cannot conclude that CBD is generally recognized as safe (GRAS) among qualified experts for its use in human or animal food” based […]
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Federal CBD delays hurting profits and shelf space for manufacturers, companies say
CBD manufacturers have seen wide adoption of their products into mainstream retail chains in recent months, so why aren’t they turning profits as rapidly as expected? The federal government is the culprit, according to some. CV Sciences and Charlotte’s Web are among the cannabis companies that pointed to delayed federal CBD regulations as they reported […]
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FDA says more scientific data needed to move forward with CBD regulation
Federal health regulators say the lack of scientific data about cannabidiol explains their delay issuing new guidance on over-the-counter CBD products. The U.S. Food and Drug Administration (FDA) continues to accept comments on hemp- and cannabis-derived ingredients, months after the comment period closed, according to Sharon Lindan Mayl, senior policy adviser in the agency’s Office […]
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Laura Drotleff Interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences
Hemp Industry Daily reporter, Laura Drotleff, interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences. -
Monica Raymunt Interviews Giovanni Isoldi, CTO at Materia Medica Processing
Hemp Industry Daily international reporter, Monica Raymunt, interviews Giovanni Isoldi, CTO at Materia Medica Processing. -
Starting a CBD Business During a Time of Uncertainty
The 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.
