Hemp insiders brace for FDA’s CBD enforcement policy

Hemp and CBD leaders told Hemp Industry Daily what they hope to see in the FDA’s Enforcement Policy draft guidance, when the industry will likely get to see that document and what will happen to the industry if FDA regulatory guidance on CBD doesn’t come soon. (Click on the orange arrows to advance the slideshow.) […]

Epidiolex maker GW Pharma turns in flat second quarter on pandemic impact

United Kingdom-based GW Pharmaceuticals posted marginal revenue growth in the second quarter over the previous quarter, citing challenges stemming from the COVID-19 pandemic. Epidiolex maker GW Pharma turns in flat second quarter on pandemic impact is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CV Sciences reports revenue decline for second straight quarter

CV Sciences Inc., a San Diego-based CBD manufacturer, reported $5.4 million in revenue for the fiscal quarter that ended June 30 – a massive drop from the $16.9 million it reported during the same period in 2019. The revenue decline represents a 68% decrease from the same quarter last year, according to the company’s latest […]

Texas businesses file lawsuit against state for smokable hemp ban

Hemp manufacturers and retailers in Texas filed a lawsuit on Wednesday, challenging the Texas health department on its recently enacted ban on selling smokable hemp products. Four businesses filed the lawsuit in a Travis County court against the Texas Department of State Health Services and its commissioner John Hellerstedt. The lawsuit seeks a declaration that […]

Amid legal uncertainty, Dutch CBD producers launch tool to verify product supply chain

More than two dozen Dutch cannabidiol producers are self-certifying their products and sharing lab results and product origins with consumers – a move to foster transparency and accountability amid uncertainty about the future of cannabidiol products in the European Union. The Cannabinoid Association of the Netherlands (CAN) announced the launch of CanCheck.org on Thursday. The […]

Portugal’s new hemp guidelines resolve months of oversight uncertainty

Hemp growers in Portugal got some long-awaited clarity on cultivation oversight this week after legislation naming the country’s regulatory bodies for hemp crops took effect. Under guidelines that took effect on Wednesday, the cultivation of EU-certified industrial hemp in Portugal will be regulated by four state agencies: The Agriculture and Fisheries Financing Institute. The Judiciary […]

Colorado CBD maker inks distribution deal with multistate golf course management company

A Colorado hemp and CBD company with a special focus on tapping customers who golf has settled a distribution partnership with a large golf-club management and marketing company to expand the brand’s reach in the sector. Functional Remedies’ Synchronicity full-spectrum hemp oil will be distributed through golf clubs and managed by Scottsdale, Arizona-based Troon throughout […]

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