(First in an occasional series on the challenges and opportunities faced by CBD companies in getting their products to market.) Mainstream retailers are contributing to the validation of the CBD category as national store chains continue to join the movement, driven by consumer demand and interest. The trend snowballed when national pharmacy chain CVS announced […]
The booming CBD industry is eagerly waiting to see if U.S. health regulators change course and start allowing cannabinoid treatments in food and dietary supplements. Many are hoping the U.S. Food and Drug Administration (USDA) will condone over-the-counter CBD products while setting production and purity standards to eliminate inferior CBD products from the market. Against […]
CBD treatments are promising, but far more research needs to be done before federal authorities can allow them in foods and dietary supplements, according to a leader of the U.S. Food and Drug Administration’s new cannabinoid work group. Talking to the National Industrial Hemp Council, Lowell Schiller warned CBD producers in attendance that the FDA […]
Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, on Wednesday reported revenue of $25 million for the second quarter ended in June, up 45% from the same period a year ago. Profit for the quarter was $18.8 million, up 35% from the previous year. Meanwhile, the company also announced that Chief Financial Officer Richard Mohr is […]
This hemp farm was on the edge of the Aug. 9 hailstorm in Central Oregon. All of these plants were 3-5 inches tall and healthy the day before this photo was taken. (Photo by Barrett Dash) Hemp farmers in Central Oregon were faced with a situation no grower wants to see on Aug. 9, when […]
Most American farmers are in full-fledged panic mode following news that companies in China have suspended use of U.S. agricultural products in response to tariffs imposed by the Trump administration on Chinese goods. But the nascent U.S. hemp industry shouldn’t worry, economists and trade experts told Hemp Industry Daily. A $5.9 billion market, China is […]
With industrial hemp and recreational/medical cannabis becoming what it calls more “mainstream,” law firm and lobbying giant Brownstein Hyatt Farber Schreck said it has created a new industry group to accommodate the maturing markets. The group will be co-chaired by Melissa Kuipers Blake, a shareholder in the Denver-based firm’s government relations department, and Amy Steinfeld, […]
New Jersey has expanded its hemp law to allow more cultivation and derivatives such as CBD to go in foods and cosmetics. However, state analysts say it’s unclear how big of a player New Jersey will be in the national hemp market. Signed into law Friday, the new measure replaces a 2018 law that allowed commercial […]
Business partners involved with an Oregon hemp farm are taking a former partner to court over allegations he stole from the farm to make and sell CBD oil worth more than $500,000. Bakers Ranch Botanicals in Deschutes County, Oregon, filed a lawsuit seeking $950,000 in damages against Michael Schook and corporate entities affiliated with Schook […]
California has lagged behind other states in passing hemp policy. That could change in the next month. A pair of long-debated hemp and CBD proposals are awaiting California lawmakers when they return from their summer recess on Monday. At stake is the future of the hemp industry in the nation’s largest agricultural state. The state […]
