A Las Vegas-based company preparing to launch a brand of CBD-containing hemp cigarettes later this year, Taat Lifestyle & Wellness, has appointed a former Philip Morris strategist as its CEO. CBD cigarette maker hires Philip Morris strategist as new chief executive is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis […]
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Hemp businesses using temporary foreign workers are going to see changing fee schedules for visas starting this fall. The U.S. Department of Homeland Security published a series of fee changes for visas on Monday. Visa programs are funded by user fees, which must be updated to cover costs. The agency is hiking fees on seasonal […]
Rocked by a global pandemic and its resulting economic havoc, thousands of CBD companies in the United States will likely shutter in 2020 – but the CBD market will remain flooded with some 1,500 brands jostling for market share, according to cannabis research firm Brightfield Group. The Top 20 over-the-counter CBD companies accounted for just […]
Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally taxed as a tobacco substitute. CBD sellers in Switzerland had taken legal action to protest the 25% sales tax imposed on their goods as tobacco substitutes, according to a […]
The U.S. Food and Drug Administration has updated a post on its website to spread the word about a Florida company that recalled a batch of CBD oil after a state agency tested the product and found that it contained dangerous levels of lead. Summitt Labs is voluntarily recalling Lot #730 Batch #K018 of its […]
(This is an abridged version of a feature that appears in the July issue of Marijuana Business Magazine.) How did a dyslexic 13-year-old who learned how to program computers, manage a mainstream pop band and build and sell a national deodorant brand come to lead a cannabis business? Michael Cammarata, the CEO of Neptune Wellness […]
Two Oregon U.S. senators want federal officials to delay implementation of the final rules for hemp growers “until regulatory obstacles are fully addressed,” they said in a letter to Agriculture Secretary Sonny Perdue. The letter from Sens. Ron Wyden and Jeff Merkley dated Thursday outlines several concerns with the 2018 interim final rules, including: The […]
The executive branch of the European Union is changing its stance on how EU countries should vote on the World Health Organization’s cannabis scheduling changes in December, Hemp Industry Daily has learned. The development comes on the heels of the European Commission announcing its preliminary view that CBD extracted from the flowering tops of the […]
The U.S. Securities and Exchange Commission is accusing six individuals of fraudulently raising $25 million from 400 investors for a part in a supposed marijuana farm and CBD extraction facility. The money was raised from people across the country between September 2017 and February 2019, according to the complaint filed Tuesday in California federal court. […]
A project to make the process of extracting cellulose fibers from hemp more sustainable is getting a fresh round of funding from the U.S. Environmental Protection Agency. Researchers at the University of California, Riverside, are working on new methods of pulping hemp plants to delignify hemp stalks without leaving behind toxic chemicals known as “black […]
