A Canadian supplements company that makes CBD extracts plans to focus on aromatherapy topicals through a collaboration with a prominent flavorings and scents firm. Neptune Wellness Solutions of Laval, Quebec, which makes fish-oil supplements and cannabinoid oils, said Monday it is giving $24 million worth of stock warrants to International Flavors & Fragrances (IFF) in […]
A Kentucky hemp company that helped pioneer large-scale CBD production methods and takes some credit for getting the hemp plant legalized is now facing a cascade of business challenges. First, delays piled up at GenCanna’s rural Kentucky processing facility that the company envisions making a processing hub for several Midwestern states. Then, farmers in GenCanna’s […]
A top official for the U.S. Food and Drug Administration (FDA) said the agency is concerned that developing a legal exception for supplements containing CBD could send the wrong message, both to companies interested in entering the market and consumers. Lowell Schiller, the FDA’s principal associate commissioner for policy who is leading a panel investigating […]
A new industry group launching in the U.K. on Friday aims to get a reprieve on European rules enforcement by working with food regulators when selling CBD products, a departure from hemp producers who instead are seeking to undo the rules. The new Association for the Cannabinoid Industry (ACI) is made up of some 25 […]
South Florida manufacturer Just CBD is being sued by a woman in the U.S. Virgin Islands who says she was sickened by one of its vape products. The woman alleges that CBD vape oil made by the Hollywood, Florida, company caused her pneumonia-like symptoms in August. She was ultimately transferred to a Miami hospital, where […]
New York police seized a shipment of what it believed to be 106 pounds of marijuana and arrested the buyer on criminal charges, but the Vermont farm that shipped the product said it’s legal hemp, not MJ. Fox Holler Farms, a hemp farm based in New Haven, Vermont, said every box of its product contained […]
Five southern Oregon hemp businesses have been fined $825,000 for allegedly making employees live and work in unsafe conditions. Oregon’s Occupational Safety and Health Administration (OSHA) reported this week it has fined five businesses connected to a processing facility in Josephine County, including Eighteen New Hope LLC and Safe and Simple LLC. The facility operators […]
After spending years as a niche item in specialty stores, CBD-infused products have found their way onto the shelves of prominent retailers – and the ingredient’s presence and availability may yet increase. This week, CBD companies announced a number of new distribution deals. Consider: Southeastern Grocers joined the CBD category, announcing it will begin selling […]
A strong uptick in doctor prescriptions and coverage from health insurers is being credited for solid quarterly revenues for GW Pharmaceuticals. The London-based firm that makes cannabis-derived CBD medicines reported revenue of $91 million for the third quarter ended Sept. 30, up more than 3,500% from the same period a year ago. Despite the revenue […]
CV Sciences, a San Diego-based CBD manufacturer, reported revenue of $12.6 million for the third quarter ended Sept. 30, down more than 7% from the same period a year ago. Profit for the quarter was $8.4 million, down 15% from the prior year. The results fell well short of analyst expectations even as the company […]
