Convenience stores added CBD products to their inventories last month even as the coronavirus pandemic depressed sales, retailing analysts say. Convenience chains Circle K and Yesway added CBD products to shelves in March, according to CSP Daily News, which covers convenience store business. Circle K, a division of Laval, Quebec-based Alimentation Couche-Tard Inc., started carrying CBD […]
(This is the second part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Using exclusive data compiled by the data team at Hemp Industry Daily, we’re examining the latest hiring and compensation trends. Part One looked at how hemp salaries have changed since federal legalization. Today, a comparison of […]
A California hemp grower is suing a sheriff’s office, alleging the authorities destroyed about 500 acres of their plants, which the company estimates were worth $1 billion, according to the lawsuit. The federal lawsuit filed Friday calls the demolition of the plants “one the largest wholesale destructions of personal property by government entities in the history […]
A California company that sells coffee to cruise lines and grocery stores says its subsidiary that makes single-serve CBD coffee pods is extending distribution in grocery stores, a hedge as cruise-ship sales have halted because of the coronavirus pandemic. Youngevity International of Chula Vista, California, announced Monday that its Javalution Hemp Coffee line has extended its […]
(This is the first part of a weeklong series from Hemp industry Daily examining hemp industry salaries, hiring and recruiting trends. Using exclusive data compiled by the data team at Hemp Industry Daily and published in this month’s Marijuana Business Magazine, we’re examining the latest hiring and compensation trends. Today, we look at how hemp […]
Neptune Wellness Solutions has appointed a new chief financial officer, Toni Rinow. Rinow has 20 years of business experience and is “well known for accelerating revenue streams through acquisitions, corporate development, sales and marketing, and financing,” the company said in its announcement Wednesday, the day Rinow started her new role. The company’s announcement Wednesday came […]
Minnesota authorities have tapped a public testing lab to start evaluating the THC content of products sold as CBD. The Midwest Regional Forensic Laboratory in Andover, north of Minneapolis, is a publicly funded lab that will test THC levels of CBD products sold in conventional retailers, the (Minneapolis) Star Tribune reported. The lab is the […]
CBD companies are shifting production to make and distribute hand sanitizer for frontline medical workers and public safety officials. (Photo courtesy Harbor Health Co.) Private and public companies nationwide have rallied to donate money and supplies in the fight against the coronavirus pandemic – hemp and CBD companies among them. At such an unprecedented time […]
More money may be available to hemp businesses as the Federal Reserve announced plans on Thursday to release up to $2.3 trillion in loans to help the U.S. economy through disruptions caused by the coronavirus crisis. The announcement came just moments after the U.S. government reported that 6.6 million new jobless claims were filed last week. […]
The U.S. Food and Drug Administration has sent warning letters to three more CBD retailers for making COVID-19 claims. Letters were sent to Indigo Naturals and Native Roots Hemp on Monday, and to CBD Online Store on Wednesday. The FDA warnedg them to stop making claims linked to the coronavirus or else risk legal action, including seizure […]
