Ohio-based Green Growth Brands lost $64 million last fiscal year, but says it has a clear path to profitability as it enters the holiday shopping season with a nationwide network of CBD retailers in conventional shopping malls. The company attributed its losses to higher-than expected spending on building out a chain of Seventh Sense CBD […]
The governor of Maine is joining hemp producers in pushing for federal agriculture authorities to release 2020 production rules. Gov. Janet Mills wrote to the U.S Department of Agriculture (USDA) this week, saying that federal inaction on hemp is leaving states “unfairly restricted” in the new industry. Hemp businesses, she said, are “receiving notices of […]
Cassandra Farrington co-founded Marijuana Business Daily in 2011. (Photo by Soliman Productions) Cassandra Farrington, the co-founder of Marijuana Business Daily, is stepping aside as CEO of the pioneering cannabis publishing and trade show business at the end of the year and will be replaced by the company’s founding editor and president, Chris Walsh. Farrington, who has […]
Beer giant Molson Coors has set a December date to roll out a line of CBD-infused beverages in Canada with partner Hexo Corp. The portfolio of drinks hitting shelves in Canada will be called Flow Glow and start with two flavors with 10 milligrams each of CBD: Goji+Grapefruit Raspberry+Lemon The companies also plan to roll […]
A hemp processor based in central Indiana plans to build a $50 million facility in Westfield, bringing 100 new jobs to the area. BDX-Indiana, a CBD extraction company, operates a 63,000-square-foot facility in Indianapolis. The first phase of construction of the facility, which received a city tax abatement last month, will begin in December. The […]
A California CBD manufacturer challenging the hemp policies of the U.S. Customs and Border Protection agency says hemp seizures are still taking place despite nationwide legalization and a federal judge’s assurance that border seizures of legal hemp are a thing of the past. Innovative Nutraceuticals is trying to keep alive its claims against the federal government […]
Two federal agencies sent a joint warning letter to a Florida company for selling CBD products online while making unsubstantiated medical claims. The U.S. Federal Trade Commission (FTC) and U.S. Food and Drug Administration (FDA) warned Naples, Florida-based Rooted Apothecary on Oct. 10 that, by making claims that its CBD products can treat medical conditions […]
The U.S. triathlon team has signed a deal with Colorado CBD company Pure Spectrum in a first move toward cannabis use by an Olympic team. The deal was made after the team determined that Pure Spectrum uses industrial hemp to manufacture its products and adheres to “strict third-party testing protocols,” deeming the company’s products safe for […]
The hemp industry continues to look for federal guidance on production for 2020. It’s been over a month since Hemp Industry Daily first reported that the U.S. Department of Agriculture (USDA) had completed its draft of the federal hemp production rules and submitted it to the White House Office of Budget and Management, which reviews all […]
Farmers across the nation who produced hemp this year are using any means necessary to sell crops that are either still waiting in their fields to be harvested or drying postharvest. From posting hemp for sale on LinkedIn to working with brokers, farmers this season are looking for strategies to profit from hemp even if […]
