CV Sciences Inc., a San Diego-based CBD manufacturer, reported $5.4 million in revenue for the fiscal quarter that ended June 30 – a massive drop from the $16.9 million it reported during the same period in 2019. The revenue decline represents a 68% decrease from the same quarter last year, according to the company’s latest […]
Hemp manufacturers and retailers in Texas filed a lawsuit on Wednesday, challenging the Texas health department on its recently enacted ban on selling smokable hemp products. Four businesses filed the lawsuit in a Travis County court against the Texas Department of State Health Services and its commissioner John Hellerstedt. The lawsuit seeks a declaration that […]
More than two dozen Dutch cannabidiol producers are self-certifying their products and sharing lab results and product origins with consumers – a move to foster transparency and accountability amid uncertainty about the future of cannabidiol products in the European Union. The Cannabinoid Association of the Netherlands (CAN) announced the launch of CanCheck.org on Thursday. The […]
Hemp growers in Portugal got some long-awaited clarity on cultivation oversight this week after legislation naming the country’s regulatory bodies for hemp crops took effect. Under guidelines that took effect on Wednesday, the cultivation of EU-certified industrial hemp in Portugal will be regulated by four state agencies: The Agriculture and Fisheries Financing Institute. The Judiciary […]
A Colorado hemp and CBD company with a special focus on tapping customers who golf has settled a distribution partnership with a large golf-club management and marketing company to expand the brand’s reach in the sector. Functional Remedies’ Synchronicity full-spectrum hemp oil will be distributed through golf clubs and managed by Scottsdale, Arizona-based Troon throughout […]
Regulations for Georgia’s new hemp industry are now in effect, allowing out-of-state hemp sales, hiking processing fees, and implementing transportation rules. Hemp processors would need to pay a $25,000 permit fee to the state Department of Agriculture on the first year and $50,000 every subsequent year. The fees are much higher than what Georgia set […]
Courtesy of Penn State University For a while now there’s been an incorrect yet popular belief that hemp plants have no diseases and don’t need pesticides or fertilizers. Although that mythology has persisted, horticulturists and farmers with experience growing hemp know the plant is vulnerable to diseases and disorders just like other crops, if not […]
A major greenhouse grower based in Canada has inked an agreement to buy part of a cannabinoid seller in Australia to support its ambitions of entering the CBD market in the Asia-Pacific region. Village Farms International, a grower with greenhouses and partner greenhouses in Canada, the U.S. and Mexico and a large cannabis operation in […]
Kristen Nichols (This is an abridged version of a column that appears in the August issue of Marijuana Business Magazine.) It isn’t just the guys and gals making high-THC products who confront illicit competition. Hemp entrepreneurs see it, too. The fact was driven home recently when a CBD manufacturer I cover got a phone call from a […]
CBD drug Epidiolex received approval from the U.S. Food and Drug Administration to treat seizures associated with a third medical condition, expanding the range of indications for the cannabis-derived medication. The orally administered drug from Britain’s GW Pharmaceuticals previously was approved by the FDA to treat seizures associated with two forms of severe epilepsy, Lennox-Gastaut […]
