Five not-so-obvious strategies for CBD producers to tap the multibillion-dollar spa market

The market for hemp-infused topicals has never been hotter, with big-box retailers ranging from CVS to Sephora adding CBD creams and balms – despite pushback from U.S. health authorities. Even as the national market for topicals booms, though, opportunities abound for boutique CBD manufacturers in the U.S. spa industry, where wellness executives prize craft production even […]

Canadian cannabis producer Cronos to invest $300 million in US hemp market

Cronos Group, a Canadian vertically integrated marijuana company with international production and distribution, announced Friday it will buy four operating subsidiaries from Redwood Holding Group for $300 million. Based in Los Angeles, Redwood produces, markets and distributes hemp-derived CBD products, including skin care, bath items and gummies, throughout the United States under the Lord Jones […]

Alaska governor cuts funding for hemp program, cites no existing industry

After developing proposed rules in June for its 2019 hemp production regulations, Alaska officials have determined a state industrial hemp program may not be worth funding. Republican Gov. Mike Dunleavy cut $375,000 from the state budget for the Alaska’s industrial hemp program, saying there is “no existing industry to support a state-funded program.” Under a […]

Hemp for animal feed: Economic potential waits out legal maneuvering

Given hemp’s new legal status, many farmers and livestock producers want to explore cannabis for animal feed and the research that suggests its nutritional and developmental benefits. But they’re facing market and legal uncertainties that are familiar to those making hemp products for people. A 2017 Colorado study cited “a lack of domestic economic data” […]

Hemp commodity exchanges scramble to offer vetted trading platforms

It’s August, and though national hemp production rules have yet to be released, the industry continues to develop new business options to fill the void for trade within the space. One new offering says it can give the entire hemp supply chain a way to verify advertised industrial  products. PanXchange’s trading platform, which launched Thursday, said […]

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