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Strong CBD drug release powers GW Pharmaceuticals’ record revenue

Strong patient interest in the only federally approved CBD product in the United States helped drugmaker GW Pharmaceuticals record $72 million in revenue last quarter. Epidiolex, a seizure control drug approved by the U.S. Food and Drug Administration, has seen brisk sales and new patient enrollments since the drug’s launch last November. GW Pharma (Nasdaq: GWPH) reported that […]

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Five not-so-obvious strategies for CBD producers to tap the multibillion-dollar spa market

The market for hemp-infused topicals has never been hotter, with big-box retailers ranging from CVS to Sephora adding CBD creams and balms – despite pushback from U.S. health authorities. Even as the national market for topicals booms, though, opportunities abound for boutique CBD manufacturers in the U.S. spa industry, where wellness executives prize craft production even […]

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Hemp for animal feed: Economic potential waits out legal maneuvering

Given hemp’s new legal status, many farmers and livestock producers want to explore cannabis for animal feed and the research that suggests its nutritional and developmental benefits. But they’re facing market and legal uncertainties that are familiar to those making hemp products for people. A 2017 Colorado study cited “a lack of domestic economic data” […]

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Hemp commodity exchanges scramble to offer vetted trading platforms

It’s August, and though national hemp production rules have yet to be released, the industry continues to develop new business options to fill the void for trade within the space. One new offering says it can give the entire hemp supply chain a way to verify advertised industrial products. PanXchange’s trading platform, which launched Thursday, said […]

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Michigan hemp farmers worry privacy law could hurt business

Some in Michigan’s fledgling hemp industry are concerned that a state privacy law preventing agriculture officials from disclosing hemp farmers’ identities and locations could negatively affect their businesses. As a stipulation under the 2018 Farm Bill, applicants who seek to produce and process hemp must give their GPS coordinates. But the Michigan attorney general’s office […]

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‘Imperative to have mainstream experience’ in the growing CBD sector: Q&A with HeavenlyRx CEO Paul Norman

As hemp and CBD companies increasingly lure executive-level talent away from mainstream corporations, many are coming from large food companies. The Kellogg Co. is one of them. The $13 billion food giant recently saw three of its executives leave for positions in the cannabis space, including Paul Norman, a former president of Kellogg North America, […]

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