Colorado Hemp Business & Legal News

Colorado joins hemp states giving up on USDA approval for 2020 season

Colorado is the latest hemp state to withdraw its request to win federal approval for regulating the crop in 2020. The state’s governor, attorney general and agriculture commissioner said Colorado will not seek U.S. Department of Agriculture approval for 2020, joining several other markets that are exercising the option to use their old hemp rules until […]

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Colorado State University to study chemical compounds of hemp

A research center at Colorado State University (CSU) dedicated to studying the chemical compounds in hemp and marijuana is expected to open this spring, school officials said. The research facility on the CSU campus in Fort Collins, Colorado, will allow faculty and students to study the formulation of cannabinoids, separation efficiencies and efficacy testing. “Cannabinoids […]

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Charlotte’s Web blames lack of FDA direction for slow revenue growth

CBD giant Charlotte’s Web said slow action by federal health regulators is causing disappointing growth in mass-market retail channels. The Boulder, Colorado, company told investors Wednesday that “a lack of regulatory direction” from the U.S. Food and Drug Administration (FDA) is slowing growth in food, drug and mass (FDM) sales channels. “Full revenue growth potential […]

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Canopy, US hemp grower head to court over dismal crop, missed payments

Canadian cannabis giant Canopy Growth and a Nevada-based hemp producer are suing each other in rival federal cases over a bad crop and allegations of missed payments and misspent advances. The cases center on Go Farm Hemp, a Henderson, Nevada-headquartered company that entered contracts to grow hemp in 2019 for Canopy Growth in Colorado, Kentucky, […]

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Hemp banking protections pass US House as part of landmark cannabis bill

House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]

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Coors subsidiary to start carrying nonalcoholic CBD beverages

Citing increased demand for nonalcoholic beverages, a Coors distributor in the Denver area has started carrying two brands of nonalcoholic drinks infused with hemp extracts including CBD. Coors Distributing Co., an independent LLC owned by Molson Coors, distributes beverages to more than 1,000 locations, including restaurants, convenience stores, grocery stores, liquor stores and events venues. […]

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Idaho drug charges dropped, but truck driver transporting hemp pleads to lower misdemeanor

An Oregon truck driver charged with felony drug crimes for driving a truckload of hemp to Colorado has agreed to plead guilty to a lesser charge. The Ada County Prosecutor’s office said Denis Palamarchuk of Portland, Oregon, has agreed to plead guilty to hauling an improperly permitted load, a misdemeanor. Prosecutors are dropping felony drug-trafficking […]

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Four takeaways from the latest round of federal CBD warning letters

The young CBD industry is growing accustomed to federal health authorities warning companies not to make medical claims about the cannabinoid. But a round of warning letters this week from the U.S. Federal Trade Commission (FTC) – the consumer-protection agency that safeguards against unfair and deceptive advertising – served as a reminder that as CBD goes […]

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