Three lawsuits filed by Tennessee CBD retailers against local authorities for closing their legal stores during a sting operation in 2018 will move forward, despite the defendants’ appeal to dismiss the allegations against them. In the February 2018 “Operation Candy Crush” sting in Rutherford County, Tennessee, law enforcement officers padlocked 23 stores and charged 17 […]
A CBD and hemp-oil manufacturer in Colorado has inked a deal to buy a CBD retailer in Switzerland, its second planned purchase of a Swiss company announced this month. CBD of Denver said Monday that it had signed an acquisition agreement with Royal Green GmbH. Terms of the acquisitionm were not disclosed. The Swiss CBD outlet […]
When COVID-19 spread and forced store closures, California-based Papa & Barkley lost about half of the 400 small CBD retail shops where the company was selling its products. Then online sales exploded. Adam Grossman “We’ve seen a pretty dramatic increase in our online transaction volume,” said Adam Grossman, CEO and founder of Papa & Barkley. […]
A hemp breeding company has developed a partnership with an independent laboratory to offer genetics research and scientific research on consumer goods. The Hemp Mine, a hemp company that breeds hemp varieties and makes consumer hemp products based in Fair Play, South Carolina, is partnering with Allentown, Pennsylvania-based PHR Labs, LLC, an ISO-accredited laboratory that […]
It’s no easy time to start a business, and a Kentucky startup looking to turn hemp fibers into wood has had it worse than many. Which makes it odd that company founder Gregory Wilson is all smiles talking about prospects for his company, called Fibonacci. First the company had to spend more than a year […]
Prominent CBD maker Charlotte’s Web Holdings is pointing to market saturation, legal uncertainty and rising expenses as it reported a loss of $11.5 million last quarter. A year ago, the Boulder, Colorado, company reported a profit of $2.5 million. Charlotte’s Web reported revenue last quarter of $21.5 million, down about 1% from the same period last […]
France’s blanket ban on the marketing of all hemp-derived CBD products contradicts EU law on the free movement of goods, an adviser to the Court of Justice of the European Union said in a legal opinion on Thursday. The advocate general’s opinion, if followed by the top EU court, would set a binding precedent and […]
Agriculture officials in Arkansas are saying most of the state’s hemp farmers lost money last year, but the agriculture department is still seeing increased interest from new farmers and processors for 2020. The Arkansas Department of Agriculture has issued licenses to 152 growers and 39 processors for the 2020 season, up from 125 growers and […]
EU flags wave in front of the European Commission in Brussels, Belgium. European regulators say they are willing to accept the hemp industry’s joint application efforts to demonstrate CBD safety in foods – but they have some words of caution about what collaborations will be acceptable. The European Food Safety Authority (EFSA) has indicated to […]
Hemp farmers and businesses could get additional banking and financing help if the $3 trillion coronavirus stimulus bill introduced Tuesday by U.S. House Democrats becomes law. The SAFE Banking Act, which passed the House last September but has stalled in the Senate, is included in its entirety in the latest stiumulus proposal. A vote on […]
