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
California’s booming CBD industry is in disarray after the state Department of Public Health (CDPH) announced earlier this month that CBD cannot be added to food, even if it comes from hemp.
“It’s a real punch in the stomach,” said Chris Boucher, who is growing 60 acres of hemp in Southern California, most of it destined for CBD extraction.Read More
A California CBD producer is suing the federal government for seizing hemp shipments at airports.
The lawsuit seeks to end sporadic hemp seizures by U.S. Customs and Border Protection and to give hemp importers faster notifications when federal agents seize plant material for examination.Read More
A Florida company that makes CBD beverages is expanding into new markets in California, New York and Bermuda. Kona Gold Solutions announced the expansions last week, tapping California High Beverages to distribute the drinks in the San Diego area. Last month, Kona Gold lined up distribution deals in New York and Bermuda. Kona Gold Hemp […]Read More
San Luis Obispo County officials voted this week against a proposed moratorium on commercial hemp production. The reversal came after “a parade of local growers” opposed the proposal from county staff.Read More
California has a cannabis-friendly attitude and a climate perfect for hemp, but regulatory confusion in the Golden State means that entrepreneurs have yet to realize any profits from legal hemp – and a pending bill could make matters worse for establishing the plant as a commodity crop.Read More
As traditional agricultural firms increasingly wade into the hemp and marijuana markets, one Colorado cannabis biotech firm is going the opposite direction. Front Range Biosciences of Lafayette uses tissue-culture technology to make “plantlets” for hemp and marijuana producers. Now the company is branching into coffee production, planning to use the technology it perfected on cannabis […]Read More
Nevada CBD manufacturer Leafceuticals is expanding into topicals and edibles with the $2.2 million acquisition of California’s Irie CBD products. The acquisition gives Leafceuticals a processing plant in Oakland, California, for expanding its CBD line. The agreement calls for Leafceuticals – a subsidiary of Las Vegas-based Freedom Leaf – to pay $400,000 cash and $1.8 […]Read More
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