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 […]
Everything Kylie Jenner touches turns to gold, and the latest product to earn her Instagram seal of approval is Happy Tea, a CBD-laced drink that promises to relieve anxiety and promote mental health.
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 […]
Young people who vape are more likely to use marijuana, according to a study published Monday. The findings, researchers say, support the theory that nicotine rewires the developing brain, changing how people respond to and crave addictive substances.
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 […]
