Arizona CBD maker Kushly Industries and its owner have agreed to pay more than $30,000 for false marketing claims. The agreement posted Monday by the Federal Trade Commission says that Kushly, based in Scottsdale, made extensive health claims about its tinctures, softgels, topicals and edibles, claiming that CBD could treat everything from PTSD and multiple […]
States are setting up bans and restricting sales in reaction to a booming market for delta-8 THC and other synthetic isomers of CBD, but according to hemp industry advocates, the problem might have been avoided if federal drug regulators hadn’t delayed CBD regulations and enforcement for so long. Closing in on three years since the […]
Marijuana could be coming to Rite Aid, a U.S. pharmacy chain with 2,500 stores in U.S. 17 states. Rite Aid CEO Hayward Donigan said that “everyone is looking at the marijuana business.” “There is complexity to that, but (we’re) certainly keeping an eye on it,” she said at The Wall Street Journal’s Future of Everything […]
A Las Vegas-based international CBD wellness company is ramping up operations with distribution agreements and hemp acreage and processing facility purchases in New York. Virtual Medical International Inc., announced Friday that it will acquire Cherry Valley Growers, Inc., a licensed industrial hemp cultivator and processor in Otsego, New York. The purchase is part of a […]
Denver probiotic and CBD manufacturer HempFusion Wellness Inc. is buying the holdings company that owns the Apothecanna CBD line for up to $25 million in a stock-and-cash deal announced Monday. The deal with APCNA Holdings, also based in Denver, gives HempFusion a CBD brand sold in 1,800 CVS Pharmacies locations. HempFusion will pay $15 million […]
Colorado has banned delta-8 THC from hemp extracts, joining states like Oregon in saying the THC isomers can’t be sold if they come from hemp. The Colorado health department said Friday that “chemically modifying or converting any naturally occurring cannabinoids from industrial hemp is non-compliant with the statutory definition of ‘industrial hemp product.’” The move […]
A Texas lobbyist and his associate stand accused of scamming hemp businesses by accepting bribes to “get to the front of the list” to win a hemp license in the nation’s second-largest state. Todd Smith, 59, is charged with felony theft and accused of taking $55,000 from would-be hemp producers. If convicted, he could face […]
Sales of CBD-infused beverages in major US retail chains struggled in the last year, according to new data from analytics firm NielsenIQ. Hemp-derived CBD beverage sales in 30,000 stores across major chains in food, drug and select convenience stores tracked by Nielsen were down 32% for the year ending March 27 when compared to the […]
Harborside, Inc., a vertically integrated cannabis company based in Oakland, Calfornia, has appointed Travis Higginbotham Jr., a former co-owner of The Hemp Mine, as its vice president of production. Higginbotham will oversee Harborside’s cultivation, postharvest, processing and packaging facilities in Salinas, California, leading both marijuana production and product distribution to expand access to the company’s […]
(This is the sixth installment in an ongoing series offering tips and advice for marijuana and hemp extraction companies. The fifth installment is available here.) Cannabis manufacturers with national ambitions for when the United States legalizes marijuana and CBD are plowing big money into telling the federal government exactly what they’re making – and being […]
