Verma Farms, a hemp and CBD company headquartered in Maui, Hawaii, has acquired Penguin, a Generation Z-focused hemp and CBD company based in New York. Founded by Deep Patel in late 2019, just before the coronavirus pandemic disrupted business worldwide, Penguin grew sales throughout the past year and a half, catching the attention of Verma […]
A brand of hemp bedsheets made in North Carolina from imported hemp fiber have been honored by Good Housekeeping magazine. Delilah Home Organic Hemp Bed Sheets were among 48 bedding brands designated as best of the year by the popular consumer magazine. Editors praised the hemp sheets as “soft, thick and naturally temperature-regulating.” The magazine […]
This story appears in the May-June issue of Marijuana Business Magazine. Hemp and marijuana executives say the booming wellness market is a natural fit for cannabis-based medicine, and minor cannabinoids might play an even larger role in consumers’ health pursuits. That’s because of the effects that are possible through broad- or full-spectrum extracts as well […]
State lawmakers in Michigan on Tuesday approved a package of bills requiring hemp-derived delta-8 THC, along with other intoxicants that mimic a cannabis high, to be regulated by the Michigan Marijuana Regulatory Agency. The Michigan House Regulatory Reform Committee unanimously approved the bills, which now advance to the full House for a vote. The action, […]
What makes a movie a “Stoner flick”? It’s not the quantity of weed within the span of the film. Doesn’t even require the main character to be much of a pothead. It’s the vibe. The apathy, the pacing, the hazy framing, the muddy sound mix. Trees Lounge, the directorial debut of Steve Buscemi, encapsulates all […]
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 […]
