A California court is giving hemp and CBD importers reason to smile, even though a federal judge dismissed most of a CBD company’s legal challenge to U.S. Customs and Border Protection. In his decision, U.S. District Judge Jesus Bernal repeatedly said the 2018 Farm Bill makes clear that hemp shipments shouldn’t be considered marijuana nor destroyed. […]Read More
In a lead-up to spinning off its hemp-based CBD interests, Los Angeles-based Vertical Companies closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. A subsidiary, Vertical Wellness, a hemp-based CBD operator and brand firm with 2,000 acres of hemp cultivation contracted for 2019, will be […]Read More
Hemp’s potential in sustainable construction has won some California researchers a grant from the U.S. Environmental Protection Agency (EPA). Researchers at the University of California, Riverside, have been awarded more than $12,000 to study a new way to process hemp for hempcrete. The students will experiment with a cleaner way to process hemp fibers to […]Read More
A California hemp seed company and a traditional agriculture biotech firm have been tapped to breed improved industrial hemp cultivars for California. California Hemp Corp., based in Oakdale, and Benson Hill Biosystems, a Missouri crop-improvement company, have partnered in a sponsored research agreement with the University of California, Davis (UC Davis) to breed improved industrial hemp […]Read More
Upscale specialty retailer Barneys New York announced plans to sell CBD-infused products and cannabis accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the hemp and marijuana industries. The shop will open in March inside the Barneys flagship store in the tony Southern California town of […]Read More
CBD’s meteoric rise in popularity has hemp growers finding all kinds of market opportunities that don’t exist for THC products, including yoga studios, pet boutiques, gyms and coffee shops – all foreign territory for marijuana-derived products. One Kentucky hemp producer even has CBD products being sold in tractor supply stores; a North Carolina CBD company has […]Read More
Hemp is making strides faster than activists dreamed even a couple of years ago.
But there’s a darker side of this go-go hemp industry.
Lawsuits and legal disputes are popping up just as quickly as product announcements and merger deals.Read More
San Francisco-based tech company Eaze launched a new online marketplace, Eaze Wellness, to ship hemp-derived CBD products to 41 states across the U.S. and the District of Columbia. CBD sales more than doubled among the company’s customers last year, Sheena Shiravi, Eaze’s director of consumer communications, told Fortune, highlighting a key business opportunity. This marks the company’s […]Read More
How’s this for irony? The hemp industry’s rush to distance itself from marijuana has gone so far that hemp products can’t be sold in the world’s largest cannabis economy.
The development in California is a bitter lesson in being careful what you wish for.Read More
CBD producers and retailers in some of the nation’s largest markets say they’re pressing on despite hostile statements from their state regulators that CBD won’t be allowed. Bans in several markets have largely been met with spotty enforcement, CBD entrepreneurs say, and the impact to business has been mixed. Ohio is one of the latest […]Read More
Two companies are in a legal tussle over what destroyed a 600-acre hemp farming joint venture in Colorado – a conflict that industry experts say could be the first of many as eager investors and firms try to cash in on budding business opportunities. In a recent California Superior Court filing, California-based H2 Partners claims that […]Read More
A San Diego CBD company is looking to become “institutionally relevant” by graduating to a more senior stock market. CV Sciences, which trades on the OTC market, announced Monday that it has submitted an application to list common stock on the Nasdaq Capital Market.Read More
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