(This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) CBD manufacturers risk paying thousands of dollars in legal expenses if they lack insurance to deal with rash-inducing topicals, exploding vape pens and other problems connected to their products. Product liability insurance is especially important for CBD companies […]
More hemp industry events have been postponed, including the NoCo Hemp Expo this month in Denver, after the rapid spread of the coronavirus outbreak. Originally slated for March 26-28, the expo has been rescheduled for Aug. 6-8 in the same locations in Denver, the event’s organizers said in a statement. As of last week, Morris […]
Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, on Monday announced it will merge with Denver-based Dixie Brands in a $43 million reverse takeover. Dixie Brands is a consumer-packaged goods company and manufacturer of cannabis-infused products, including Aceso Hemp, a line of hemp-derived supplements for humans, and Therabis hemp-based […]
A Nevada hemp and marijuana producer has filed a trio of lawsuits against a California cannabis chew maker over a disappointing 2018 partnership to make CBD- and THC-infused chewing pouches. The Nevada company, Solace Holdings, says Cannadips defaulted on loans worth $1.2 million through 2018 and 2019, money Solace says it paid to get the rights […]
The nation’s top drug regulator set a new tone for the government’s stance on CBD in his first comments about the popular hemp extract. But longtime hemp entrepreneurs say they’re not raising their expectations that changes are imminent to the way the U.S. regulates hemp extracts. The newly appointed commissioner of the U.S. Food and […]
Welcome to the latest edition of NORML’s Weekly Legislative Roundup!
Three more cannabis-related conferences have been canceled or postponed, including this month’s massive South by Southwest (SXSW) event in Austin, Texas, because of the coronavirus outbreak. In addition to SXSW, which had a cannabis business track that included speakers from Marijuana Business Daily and Hemp Industry Daily, the American Herbal Products Association (AHPA) postponed indefinitely […]
Canadian marijuana producer Tilray is lowering the value of its U.S. CBD assets, citing delays from health regulators. Tilray executives reported a $112 million writedown of the value of its 2019 agreement with Authentic Brands Group. The two companies planned to bring CBD products to mass retail outlets, but the lack of direction from the […]
The U.S. Food and Drug Administration said it will continue to “take appropriate action against unlawful CBD products that pose a risk of harm to the public,” even as the federal agency implored the industry to collaborate with the government to study CBD’s possible benefits and dangers. The statement Thursday from new FDA Commissioner Dr. […]
A former executive from agriculture giant Cargill has joined the ranks of a Florida hemp processing company as it scales its operations to meet anticipated demand for bulk hemp extract. Matthew Turner joins the executive leadership team of Fort Lauderdale-based Green Point Research as chief science officer and will oversee the company’s extraction and refining […]
