CV Sciences, a San Diego-based CBD manufacturer, reported revenue of $12.6 million for the third quarter ended Sept. 30, down more than 7% from the same period a year ago. Profit for the quarter was $8.4 million, down 15% from the previous year. The results fell well short of analyst expectations even as CV Sciences […]Read More
This story has been updated with a section discussing new import/export rules on live hemp plants. A California CBD manufacturer challenging the hemp policies of the U.S. Customs and Border Protection agency says hemp seizures are still taking place despite nationwide legalization and a federal judge’s assurance that border seizures of legal hemp are a thing […]Read More
California Gov. Gavin Newsom signed a bill to bring the state’s hemp laws into compliance with the 2018 Farm Bill. The measure, which was signed Saturday and will take effect Jan. 1, updates the state’s definition of industrial hemp and terminology to match the federal language. It also requires the California Department of Food and Agriculture […]Read More
California’s county-by-county regulatory landscape for hemp production is as varied as its actual scenery.Read More
Cannalysis, a hemp and cannabis testing lab based in California, raised $22.6 million that it said will fund its expansion in the state as well as helping it to move into other marijuana markets in the U.S. The Santa Ana-based company raised the money from Canlab, a cannabis, hemp and CBD testing laboratory network. The […]Read More
An agriculture biotech company that markets high-fiber wheat said it is expanding its hemp subsidiary with a $10 million stock offering. Arcadia Biosciences of Davis, California, plans to use the money to research hemp genetics in Imperial County, California, according to a news release. The company’s hemp subsidiary, Arcadia Specialty Genomics, is scheduled to start planting […]Read More
California’s long-awaited legislation to legalize hemp-derived CBD in foods, beverages and cosmetics has been put on hold, rendering it dead for this legislative session.Read More
California has lagged behind other states in passing hemp policy. That could change in the next month.Read More
A Southern California marijuana company is teaming with a rural water projects developer to start growing hemp in the Mojave Desert. Glass House Farms of Carpinteria, California, said it created a joint venture with water developer Cadiz Inc. to grow 60 acres of hemp starting next month in the town of Cadiz in rural San Bernardino […]Read More
A California CBD company that makes infused olive oils has bought a smaller chocolate company with distribution in traditional grocers such as Whole Foods Market. Gabriella’s Kitchen bought Lulu’s Chocolates of Nevada City, California, for $1 million in stock. Margot Micallef, CEO of Gabriella’s Kitchen, told Hemp Industry Daily the acquisition positions her company for distribution […]Read More
A former U.S. surgeon general is joining the advisory board of a California CBD company. Dr. Richard Carmona, who served as surgeon general from 2002 to 2008, will advise Kadenwood, a privately held company that makes topical CBD products in Newport Beach, California. The appointment gives Kadenwood a government insider to “shift the perception of […]Read More
California’s hemp and marijuana industries moved a few inches closer together Wednesday when state senators advanced a bill to both formally legalize hemp-derived CBD food and beverage products for sale and allow licensed MJ companies to enter the hemp CBD sector. The measure was passed by the Senate Health Committee on a unanimous vote and now […]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.