Colorado Hemp Business & Legal News


Is CBD retail ‘essential’? Shuttered hemp retailers fight to stay open alongside grocery, marijuana stores

Hemp production has been classified as “essential” by the federal government during the coronavirus pandemic. But the classification doesn’t extend to retailers selling hemp and CBD — and some retailers told to shut down during the coronavirus response are asking authorities to reconsider and designate them “essential” businesses. They point out that many states classify medical […]

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Colorado-based Charlotte’s Web hires new chief operating officer

Colorado-based CBD maker Charlotte’s Web has appointed a chief operating officer to replace Stephen Lermer, who left the company Jan. 31. The Boulder company said in a release that David Panter is its new COO, effective Monday. Charlotte’s Web said Panter has more than 20 years of “global supply chain experience” at businesses including the […]

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Charlotte’s Web to acquire Abacus Health Products for $68M

A major Colorado CBD maker will purchase a Rhode Island company that makes CBD topical products, the two companies announced Monday. Charlotte’s Web, a producer of hemp-derived CBD wellness products based in Boulder, Colorado, will acquire Abacus Health Products of Woonsocket, Rhode Island. for implied total equity consideration of approximately CA$99 million ($68.2 million). Under […]

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Denver CBD maker opens Texas distribution center

A Denver CBD maker has opened a new fulfillment center in Dallas. CBD 100% Relief, which makes white-label CBD products and sells its own brand of CBD tinctures, creams and roll-ons online, announced Wednesday that it chose the Dallas-area for a new fulfillment center. The fulfillment center employs 12 people. Company CEO Daniel Sandoval said […]

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Colorado CBD company hires ex-FDA chemist to help develop new products

Colorado CBD maker Veritas Farms hired a former U.S. Food and Drug Administration official to help the company research and develop new products. Daniel Connors was an analytical chemist for the FDA, where he worked to maintain the safety of the nation’s food and medical supply, Veritas said in a news release Tuesday. His work at […]

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Hemp data company launches legal battle over ‘benchmarks’ moniker

Two companies that provide data and analytics to the hemp industry – New Leaf Data Services and PanXchange – are in a trademark dispute over the phrase “hemp benchmarks.” New Leaf sued PanXchange earlier this month in federal court in Connecticut, claiming trademark infringement of its “Hemp Benchmarks” service. PanXchange, which is based in Denver, offers […]

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Australis backs out of deal for Colorado hemp firm Folium

Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis, said in a news release it […]

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East Coast ornamental greenhouse partners exclusively with Front Range Biosciences

One of the top U.S greenhouses for ornamental plants plans to partner exclusively with Colorado-based hempseed production company Front Range Biosciences. Coastal Greenhouses, which operates six facilities in four East Coast states, joins a movement of ornamental greenhouses that have shifted to the hemp market amid decreasing profit margins and other market pressures. Under the agreement, the […]

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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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