Hemp Industry News for Hemp & CBD Retailers

Iowa retailer arrested for selling still-illegal CBD products

An Iowa CBD retailer was arrested after allegedly selling products containing cannabidiol to police. Lacie Navin, the owner of Your CBD Store, in Ankeny, Iowa, was arrested as part of a task force investigation into businesses selling CBD in the area after multiple complaints. According to police, this is the first arrest in the state […]

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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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Losses increase for Green Growth Brands amid retail expansion

Green Growth Brands, an Ohio-based cannabis retailer that owns both marijuana dispensaries and the nation’s largest chain of CBD retail locations in mall kiosks, reported a loss of $30.2 million for the fiscal first quarter ended Sept. 30. The company lost $2.8 million in the same period a year ago. Company executives attributed the current losses […]

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New York prosecutor to drop marijuana charges in Vermont hemp seizure

Prosecutors are planning to drop all charges against the man arrested on marijuana possession charges in connection with a case in which 106 pounds of hemp plants shipped from Vermont were mistaken as MJ and seized by the New York Police Department. The Brooklyn district attorney’s office said that Ronen Levy’s felony marijuana possession charge […]

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Chart: CBD retail landscape is rapidly evolving

After spending years as a niche item in specialty stores, CBD-infused products have found their way onto the shelves of prominent retailers – and the ingredient’s presence and availability may yet increase. This week, CBD companies announced a number of new distribution deals. Consider: Southeastern Grocers joined the CBD category, announcing it will begin selling […]

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CV Sciences reports falling revenues, sales amid ‘flood’ of new competitors

CV Sciences, a San Diego-based CBD manufacturer, reported revenue of $12.6 million for the third quarter ended Sept. 30, down more than 7% from the same period a year ago. Profit for the quarter was $8.4 million, down 15% from the previous year. The results fell well short of analyst expectations even as CV Sciences […]

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Cancer specialist nominated to lead FDA

A cancer specialist from Houston has been chosen to take control of the U.S. Food and Drug Administration (FDA), which is reviewing its CBD policy. President Donald Trump on Friday picked Dr. Stephen Hahn of the MD Anderson Cancer Center to permanently lead the agency, pending congressional affirmation. The 59-year-old oncologist would replace Dr. Scott Gottlieb, […]

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North Carolina lawmakers settle on 2020 for ban on smokable hemp

North Carolina officials have agreed to ban smokable hemp production starting next summer. House and Senate negotiators finished work late Monday on a bill that includes the ban. The measure now awaits a final procedural vote before heading to the desk of Democratic Gov. Roy Cooper, who has not said whether he supports or opposes the […]

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