Denver-based Molson Coors Beverage Co. is partnering with a Canadian marijuana company to sell nonalcoholic hemp-derived CBD drinks, the companies announced Tuesday. Molson Coors and Hexo Corp. said the joint venture, called Truss CBD USA, will be established in Colorado and will be a stand-alone entity with its own board. It will be majority owned […]Read More
Hemp salaries have risen across the supply chain since the crop won federal acceptance in 2018. The illicit market is a thing of the past, and hemp entrepreneurs now compete against multinational agricultural conglomerates to attract talent on and off the farm, from cultivation experts to skilled processors and retailers.Read More
A U.S. appeals court has upheld a $4 million judgment in favor of an El-Salvador based CBD oil supplier that accused its Florida distributors of breach of contract. The decision Tuesday from the 11th Circuit Court of Appeals affirmed a decision from an arbitration panel the ruled in favor of Cromogen Biotechnology Corporation an all issues […]Read More
An Ohio agency focused on conflict management has decided which businesses in the state are essential during the coronavirus pandemic – and retailers selling CBD are reportedly not among them.Read More
Convenience stores added CBD products to their inventories last month even as the coronavirus pandemic depressed sales, retailing analysts say. Convenience chains Circle K and Yesway added CBD products to shelves in March, according to CSP Daily News, which covers convenience store business. Circle K, a division of Laval, Quebec-based Alimentation Couche-Tard Inc., started carrying CBD […]Read More
For an idea of how federal prohibition skews a labor market, look no further than the boom-boom hemp industry.Read More
Neptune Wellness Solutions has appointed a new chief financial officer, Toni Rinow. Rinow has 20 years of business experience and is “well known for accelerating revenue streams through acquisitions, corporate development, sales and marketing, and financing,” the company said in its announcement Wednesday, the day Rinow started her new role. The company’s announcement Wednesday came […]Read More
New York state’s attorney general has ordered a CBD company to stop marketing one of its products as “immunity oil” against the coronavirus. Attorney General Letitia James said “consumers have encountered these false claims in email campaigns” by the company called Finest Herbalist, the Daily Voice reported Wednesday. The emails have titles such as, “Protection from Corona […]Read More
A Quebec, Canada-based supplements company announced the installment of two new members to the company’s board of directors. Neptune Wellness Solutions of Laval, Quebec, on Tuesday said Joseph Buaron and Michael A. de Geus were joining the company’s board. Buaron has two decades of experience as a chief technology officer, while de Geus is a […]Read More
A cannabinoid producer in the Czech Republic is the first to have a CBD novel food application declared “valid” by EU authorities and move forward for a risk assessment. CBDepot’s application for the authorization of synthetic cannabidiol was sent to the European Food Safety Authority (ESFA) for a risk assessment on March 27, agency spokesman […]Read More
Two beer giants had big plans to sell CBD infused beverages in Canada by the end of last year. But only one has hit shelves yet, underscoring the challenged cannabis drinks market in Canada. Fluent Beverage Co., a partnership between St. Louis, Missouri-based Anheuser-Busch InBev and Canadian cannabis giant Tilray, says it launched a line […]Read More
Farmers, processors and retailers in Alaska can start applying for hemp registrations Monday after the industry officially launches on April 4. Due to the coronavirus outbreak, all registrations must be submitted electronically through the Alaska Division of Agriculture’s website. Agriculture officials in Alaska used a social media broadcast to lay out new rules for the […]Read More
Laura Drotleff Interviews Dr. Jonathan Vaught, CEO & Founder of Front Range BiosciencesHemp Industry Daily reporter, Laura Drotleff, interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences.
Monica Raymunt Interviews Giovanni Isoldi, CTO at Materia Medica ProcessingHemp Industry Daily international reporter, Monica Raymunt, interviews Giovanni Isoldi, CTO at Materia Medica Processing.
Starting a CBD Business During a Time of UncertaintyThe 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.