A California CBD nonprofit has dodged a libel lawsuit after it was sued by two companies for saying a lab test showed that a CBD product they sold contained heavy metals. A California appeals court ruled Friday that the companies filing the suit – Medical Marijuana, Inc., and HempMeds PX – failed to show that the […]
Charlotte’s Web Holdings lost $18.8 million last quarter, a plunge of 688% from the same period in 2018. The Colorado CBD maker attributed the loss to slow adoption of its products in mainstream food, drug and mass retailers. The results put the company’s profits down 688% from the same period in 2018, when the company […]
Mexico’s vote to legalize hemp and marijuana will likely be delayed because of the coronavirus pandemic, one attorney following the proceedings said. The delay has not been announced, but it’s expected to happen any moment, said Luis Armendáriz, an attorney in Chihuahua, Mexico, who is affiliated with Denver’s Hoban Law Group. “My realistic expectation is that […]
Cannabis retailing giant Green Growth Brands, which abruptly laid off 870 workers last week and told them that plans to sell part of the business could be delayed “until the world begins to resume normalcy,” is trying to reassure investors and former employees that its transition plans are intact. The company temporarily shuttered hundreds of […]
The National Organization for the Reform of Marijuana Laws wishes to reiterate its message that cannabis consumers and others beware of online misinformation surrounding the use of either whole-plant cannabis or CBD as a potential remedy for the COVID-19 virus.
The U.S. Food and Drug Administration has updated its guidance for reporting adverse effects of various products, including dietary supplements, during the coronavirus pandemic. The FDA does not consider CBD a dietary supplement. But many CBD manufacturers do and follow FDA guidance on making and selling dietary supplements. The agency made the announcement this month, saying […]
Farmers in Iowa cheered Friday when the state agriculture department announced its hemp production plan has been approved by the U.S. Department of Agriculture (USDA) and license applications will be accepted starting April 1. Iowa is one of 12 states and 14 American Indian tribes that have received USDA approval for their hemp production plans […]
A major Colorado CBD maker will purchase a Rhode Island company that makes CBD topical products, the two companies announced Monday. Charlotte’s Web, a producer of hemp-derived CBD wellness products based in Boulder, Colorado, will acquire Abacus Health Products of Woonsocket, Rhode Island. for implied total equity consideration of approximately CA$99 million ($68.2 million). Under […]
Farmers had been holding off on buying hempseed and young plants this spring. But as the global coronavirus outbreak continues to ravage the U.S. economy and municipalities and states have begun to mandate shelter-in-place orders, producers have been reaching out to confirm their orders and are eager to get their crops planted this season, according […]
Given the current COVID-19 pandemic, the NORML team is working remotely in compliance with CDC guidelines. However, the work of reforming our nation’s failed marijuana laws is not suspended therefore we’re still updating you policy efforts across the country. We encourage you to read our post about our efforts and best practices for the cannabis community during these trying times. Welcome to the latest edition of NORML’s Weekly Legislative Roundup. Things are a little different this week as the world responds to the global COVID-19 pandemic and lawmakers must shift priorities to address relief efforts. Many state capitols around the country have suspended legislative sessions, continued to vote on key bills remotely, or have at the very least closed to the public and… Read More
