Sales of CBD-infused beverages in major US retail chains struggled in the last year, according to new data from analytics firm NielsenIQ. Hemp-derived CBD beverage sales in 30,000 stores across major chains in food, drug and select convenience stores tracked by Nielsen were down 32% for the year ending March 27 when compared to the […]
Harborside, Inc., a vertically integrated cannabis company based in Oakland, Calfornia, has appointed Travis Higginbotham Jr., a former co-owner of The Hemp Mine, as its vice president of production. Higginbotham will oversee Harborside’s cultivation, postharvest, processing and packaging facilities in Salinas, California, leading both marijuana production and product distribution to expand access to the company’s […]
(This is the sixth installment in an ongoing series offering tips and advice for marijuana and hemp extraction companies. The fifth installment is available here.) Cannabis manufacturers with national ambitions for when the United States legalizes marijuana and CBD are plowing big money into telling the federal government exactly what they’re making – and being […]
RAMM Pharma, a cannabis-based pharmaceutical company with products in several Latin American countries, has bought Sicilian CBD processing company Canapar in an all-stock transaction worth about $22 million ($26.2 million Canadian dollars). Based in Toronto, RAMM purchased 49% of Canapar stock earlier this year. The transaction announced Wednesday has RAMM paying 21.9 million shares worth […]
The state of Minnesota’s revised hemp regulations have been approved by federal authorities, giving growers new remediation options and testing flexibility. The U.S. Department of Agriculture approved Minnesota’s initial plan last year and the updates in time for the 2021 growing season, according to the Minnesota Department of Agriculture. The revised plan doubles the testing […]
Members of the Louisiana House of Representatives have approved legislation to remove the threat of jail time for low-level marijuana possession offenses. House Bill 652 was approved by the House of Representatives Tuesday night with a 67 to 25 vote after receiving unanimous approval by the House Committee on Administration of Criminal Justice last week. […]
(Map courtesy of the National Drought Mitigation Center at the University of Nebraska-Lincoln, the U.S. Department of Agriculture and the National Oceanic and Atmospheric Administration.) (This is the latest installment in a series focused on cultivation planning for marijuana and hemp growers. The previous installment is available here.) Water is a must for successfully producing […]
Charlotte’s Web Holdings lost $13.9 million last quarter, missing analyst expectations, but says that the receding pandemic should boost sales going forward. The CBD maker in Boulder, Colorado, lost more than it did in the same period a year-ago, when the COVID-19 pandemic first took hold. The company lost $11.5 million in the first quarter […]
This story first appeared at Marijuana Business Daily. California-based marijuana company CannaCraft agreed to pay $300,000 to settle a lawsuit brought by Sonoma County authorities over allegedly false claims that some of its products could have beneficial health effects. According to a news release from the Sonoma County District Attorney’s office, the agency brought a civil […]
Although the change in stigma around psychedelics is coming on the coat-tails of marijuana’s reformation, it seems to be happening at a much faster pace. This is mainly due to the research coming out that strongly backs its effectiveness. Most recently, a study posted today in Nature Medicine shows strong results for MDMA along with […]
