A Canadian marijuana producer has announced it’s shifting to processing and extracting hemp biomass into CBD concentrates by signing a purchase agreement with a leading supplier of high-CBD industrial hemp. Calgary-based RMMI Corp. announced Tuesday it plans to buy 300,000 pounds of high-CBD hemp biomass from Clearwater CannaGrow Ltd. for $4,800,000. The payment will come […]
As hemp and CBD companies begin to reopen and get back to work with employees on site, there are many actions they can take to keep employees and customers safe. Jonathan Vaught, CEO and founder of plant breeder and young plant provider Front Range Biosciences in Fort Collins, Colorado, has kept operations moving since social-distancing […]
A federal judge has entered an order of permanent injunction to stop a New York company from selling unapproved and misbranded drugs until it complies with the law. The order follows a complaint, filed by the U.S. Department of Justice on behalf of the Food and Drug Administration, following multiple inspections conducted at Sundial Herbal […]
Beleaguered multistate cannabis retailer Green Growth Brands’ sale and investment solicitation process (SISP) was approved by a Canadian court. Green Growth Brands is based in Columbus, Ohio, but court filings show its parent company is registered in Ontario. The company announced an initial creditor protection order from the Ontario Superior Court of Justice on May […]
Neptune Wellness Solutions, a Laval, Quebec-based hemp processor and CBD manufacturer, has appointed a former Walmart executive to head up its Biodroga business unit and recently formed Health and Wellness Innovation Division as senior vice president. Robert DiPede brings a track record of more than 20 years driving business-to-consumer and business-to-business sales of consumer packaged […]
Two similar federal lawsuits against PetSmart accuse the company of false and deceptive practices for selling hemp products for pets that are unapproved by the U.S. Food and Drug Administration. The lawsuits in federal court in Broward County, Florida, were filed on behalf of two individual customers, but seek class-action status. The lawsuits say the […]
As the hemp industry becomes saturated with growers and processers looking to get an edge on the CBD consumer market, some in Italy’s hemp space are borrowing a concept from French wine to set themselves apart. The elusive concept of “terroir” broadly refers to the growing conditions that impart special traits or character to a […]
A London-based cannabis investment company focused on investing in or buying companies operating in the CBD wellness and medicinal cannabis industries has made its first investment in the hemp and CBD space. World High Life Plc purchased Love Hemp Ltd., a London-based supplier of hemp-derived CBD products, with more than 40 product lines including oils, […]
Hemp pioneer Kentucky is reporting licensing fewer hemp growers and growing acreage for 2020 as state agriculture officials warn prospective producers to “proceed with caution” after a “volatile” 2019. State agriculture officials in Kentucky on Friday released production data from the 2019 season and revealed the number of licensed growers, hemp processors and handlers as […]
Since the beginning of March, federal food and drug regulators have issued warning letters to 64 companies for selling products under claims that they will prevent, treat, mitigate diagnose or cure COVID-19. To date, the U.S. Food and Drug Administration had sent eight of those letters to CBD companies, including: May 26: CBD Gaze, a […]
