When Canada’s legal recreational marijuana market launches Wednesday, the nation will also allow its roughly 250 hemp farmers to sell flower for CBD extraction – a change that could have a global impact on CBD prices. “There are a lot of hemp producers who have been saving and drying their flowers for sale,” said Russ […]
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2018 Farm Bill Report
The hemp industry experienced a seismic shift with the passage of the 2018 Farm Bill: Cultivation of hemp is now federally legal, and so is hemp-derived CBD. Hemp Industry Daily breaks down the new rules for you in our SPECIAL REPORT on the future state of the industry, 2018 Farm Bill: What’s Next for Hemp?
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Walmart Canada ‘fact-finding’ on potential for CBD product sales
The world’s largest retailer, Walmart, is considering selling CBD products in Canada, a development that comes just days before recreational marijuana markets open in the country. But Walmart says it isn’t ready to start selling cannabidiol just yet. “As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue,” […]
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3 business takeaways from the Heineken hemp trademark case
Hemp is a booming new industry, but some of the obstacles facing entrepreneurs are decidedly old. That’s the case for a startup hemp beer seeking trademark protection for its new brand, which is running headfirst into a global alcohol giant: Heineken. The dispute centers on a Pennsylvania company’s plans to release a hemp-infused beer, Tiger […]
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How marijuana company executives can adapt to surging CBD sales
CBD and THC coexist in the cannabis plant. But can they coexist in the cannabis market? They can if they take a measured approach to the market.
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Capitalizing on CBD: Seniors primed for nonintoxicating cannabis, but marketing needs to shift
Talking about CBD in a nursing home? You’d better bring extra chairs and slices of cake for the overflow crowd. Your audience will be all ears.
That was the case at one northern Colorado nursing home that offered a lecture about cannabis and Alzheimer’s.
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What Farm Bill? Hemp industry shrugs off law’s expiration
The law that ushered in the modern hemp industry in the United States has expired, but hemp growers, processors and retailers are counting on legal assurances that the nation’s experiment in allowing limited hemp production won’t immediately end.
The 2014 Farm Bill, which authorized hemp production under state research programs, expired Sunday – the last day of the federal fiscal year.
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DEA takes some CBD off Schedule 1 – with FDA approval
The U.S. Drug Enforcement Administration has taken some cannabidiol off the most restrictive class of controlled substances, a move that allows the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval.
The agency announced Thursday that drugs including “finished dosage formulations” of CBD with THC below 0.1% will be considered Schedule 5 drugs, as long as the medications have been approved by the U.S. Food and Drug Administration.
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Hemp Notebook: What the railroad industry can teach today’s hemp businesses
Hemp is in an economic fast lane, with new ventures starting every day.
So, it may seem odd to say modern entrepreneurs should consider 19th century railroads.
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‘One day you’re legal, the next day you’re not’: Confusion from spotty CBD enforcement
CBD producers and retailers in some of the nation’s largest markets say they’re pressing on despite hostile statements from their state regulators that CBD won’t be allowed. Bans in several markets have largely been met with spotty enforcement, CBD entrepreneurs say, and the impact to business has been mixed. Ohio is one of the latest […]
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Capitalizing on CBD: New market opportunities with athletes
Athletes have long used cannabis products to fight inflammation and recover from injury, but drug-testing rules and marijuana stigma have often kept it a locker-room secret.
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Coca-Cola eyes CBD ‘functional wellness beverages’ as soda market cools
The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]
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