Hemp Industry News for Hemp & CBD Retailers


Losses widen for Green Growth Brands as it plans sale of CBD business

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 $21.2 million in revenue for the fourth quarter of 2019, up more than 600% from the same period in 2018. The company also announced plans to sell its CBD business […]

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Colgate to acquire brand with new CBD line of toothpaste, mouthwash

Oral hygiene giant Colgate Palmolive is joining the ranks of major U.S. companies entering the hemp and CBD space, with one of its soon-to-be brands launching a line of cannabidiol-containing toothpastes, mouthwashes and lip balms. Hello Products, an oral care brand based in New Jersey, launched its seven-product CBD line earlier this week, CosmeticsDesign reported. Colgate […]

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Louisiana begins licensing farmers, CBD firms to build state’s nascent hemp industry

Agriculture officials in Louisiana have begun issuing the first hemp production and handling licenses to farmers, processors and transporters, while businesses ranging from gas stations to pharmacies have received the go-ahead they need to sell products containing CBD in the state. As one of the first three states to receive federal approval for its state […]

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Grocery giant Kroger lobbies on CBD after adding topicals to store shelves

The nation’s largest grocery store chain by revenue, Kroger, is now lobbying on CBD policy. The move comes after the grocery giant added CBD topicals to its store shelves in 17 states. According to Kroger lobbying disclosures, first reported by Cannabis Wire, the grocery giant reported spending roughly $190,000 in the fourth quarter of 2019 […]

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How coronavirus in China could be a boon for US hemp producers

The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain. And this newest issue underscores the vulnerabilities in the global marketplace that vape and other cannabis and […]

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Abacus acquires Harmony Hemp for $5.5M, boosting retail reach to 12,000 stores

Rhode Island CBD manufacturer Abacus Health Products acquired Utah’s Harmony Health brand of topical CBD products in a cash-and-stock deal worth $5.5 million. The acquisition flexes Abacus’ retail footprint to roughly 12,000 locations nationwide. Harmony Health brands, which will continue selling under the Harmony Health name, include lotions, pain relief gels and roll-ons made by third-party contract […]

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CBD processor acquires California brand, plans to expand footprint

Maine CBD processor Sun Kissed Industries has acquired a California company that makes CBD products sold in 20 states. Terms of Sun Kissed’s acquisition of Hakuna Supply on Thursday were not disclosed. Carl Grant, CEO of Portland, Maine-based Sun Kissed, said in a statement that the acquisition will “thrust Sun Kissed onto the global CBD […]

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