Rhode Island Hemp Business & Legal News

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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Kentucky tobacco company buys stake in hemp manufacturer

Citing increased CBD sales, a Kentucky tobacco company is getting into CBD manufacturing. Turning Point Brands said it is buying an ownership stake in Canadian American Standard Hemp (CASH), a privately held company in Warwick, Rhode Island. CASH, a hemp-derived cannabinoid producer, manufactures white-label CBD tinctures, topicals, capsules and vape products. Turning Point’s move into […]

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RI allows medical marijuana to treat autism – after trying FDA-approved CBD

A Rhode Island decision to expand medical marijuana access has a worrying caveat for many in the CBD industry: Patients must first try an FDA-approved version of the drug. That classification by the Food and Drug Administration is currently limited to Epidiolex, an epilepsy treatment made by United Kingdom-based pharmaceutical manufacturer GW Pharmaceuticals. Rhode Island’s health department […]

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