A Vermont hemp processor is suing a Maryland grower, accusing the company of lying about the plants it sold being pesticide-free. The federal lawsuit filed by Newton Hill Labs, based in Milton, was filed Tuesday. It alleges Bay Water Greens and Baywater Farms of sold Newton Labs 5,000 pounds of biomass in October 2019 that contained elevated […]
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California firm cuts $25M revenue projection on hemp-trading platform
California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, is ratcheting back its hemp revenue predictions. The company told investors Friday that it’s retracting its 2020 hemp revenue guidance of $25 million. The announcement came as the firm announced it will miss this quarter’s revenue estimates. The company cited a “slower-than-anticipated rollout […]
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CBD in Europe: EU receives 45 novel food applications
The European Commission has received 45 applications for novel food authorization for CBD-containing products since December 2018, Hemp Industry Daily has learned. The applications have chiefly come from the Netherlands, the UK, Czech Republic, Slovenia, Switzerland and the United States, a commission source said. CBD products in the European Union have been in murky legal […]
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Major German drugstore stocks CBD supplements and topicals in 2,200 stores
A German CBD oil manufacturer has launched three products at one of Germany’s main drugstore chains. CannaCare Health GmbH said its CANOBO products hit the shelves at 2,200 branches of ROSSMANN drugstore across Germany in February 2020. The products include two full-spectrum CBD nutritional supplements at concentrations of 2.75% and 5% and a topical sport […]
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Limit your exposure: How liability insurance can protect CBD manufacturers
CBD manufacturers risk paying thousands of dollars in legal expenses if they lack liability insurance.
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Hemp industry isn’t raising expectations with new FDA chief
The nation’s top drug regulator set a new tone for the government’s stance on CBD in his first comments about the popular hemp extract. But longtime hemp entrepreneurs say they’re not raising their expectations that changes are imminent to the way the U.S. regulates hemp extracts. The newly appointed commissioner of the U.S. Food and […]
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Coronavirus thwarts plans for SXSW, two more cannabis events
Three more cannabis-related conferences have been canceled or postponed, including this month’s massive South by Southwest (SXSW) event in Austin, Texas, because of the coronavirus outbreak.
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FDA pledges action against ‘unlawful CBD products’ while offering confidentiality for research
The U.S. Food and Drug Administration said it will continue to “take appropriate action against unlawful CBD products that pose a risk of harm to the public,” even as the federal agency implored the industry to collaborate with the government to study CBD’s possible benefits and dangers. The statement Thursday from new FDA Commissioner Dr. […]
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Some global cannabis trade events, key for business marketing and growth, feel coronavirus sting
Some U.S. and international cannabis industry conferences and trade shows – important for marijuana and hemp businesses to market their products and cultivate relationships with vendors and buyers – are feeling the fallout from coronavirus fears.
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Ohio begins taking hemp-growing applications
Ohio farmers began applying for three-year permits Tuesday to start growing hemp in the state this year. Ohio was among the first three states in the country in December to have the U.S. Department of Agriculture approve their rules for growing and processing hemp. The Ohio Farm Bureau predicts the plant will become the state’s third-largest crop, […]
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Swiss CBD brand looks to luxury branding expert to build European expansion
Swissx Labs, which makes smokable hemp and hemp-derived CBD products, has hired a new sales director to spearhead the brand’s expansion in Europe. Christian Wagner takes the reins as head of sales and marketing in Switzerland after working in luxury branding for high-end hotels and fashion brands. Wagner also worked as a senior innovation manager […]
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2 Canadian cannabis production companies settle legal dispute
Two Canadian companies that formed a joint venture to sell hemp and marijuana have settled a legal dispute over which owned more of the business they created. Village Farms International and Emerald Health Therapeutics on Tuesday announced the settlement, which stipulates that Village Farms will own 57.4 % of Pure Sunfarms Corp., the venture they […]
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Laura Drotleff Interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences
Hemp Industry Daily reporter, Laura Drotleff, interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences. -
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Hemp Industry Daily international reporter, Monica Raymunt, interviews Giovanni Isoldi, CTO at Materia Medica Processing. -
Starting a CBD Business During a Time of Uncertainty
The 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.
