In Italy, a change on CBD medicine classification stokes confusion in hemp industry

Italy has added ingestible formulas with flower-derived CBD to a table of medicines in its narcotics law, paving the way for GW Pharmaceuticals’ epilepsy drug Epidiolex to hit the market there but also raising questions about the status of other CBD products. The Health Ministry’s decree sparked anger and confusion among cannabis activists and stakeholders […]

Where is the CBD sector headed? Get new market insights from retail insiders

There’s no question that CBD has driven much of the hemp industry’s growth in recent years. Despite ongoing legal uncertainty, falling wholesale prices and nagging questions over the cannabinoid’s effects, the CBD market continues to expand. That’s why Hemp Industry Daily is asking two CBD sector experts to share the very latest on where the […]

Another 6 states, 3 Indian tribes get hemp cultivation plan OK from USDA

Six more states and three Indian tribes have gotten their hemp cultivation plans by the U.S. Department of Agriculture. The states that received approval are Illinois, Indiana, Michigan, New Mexico, Oklahoma, and South Dakota. The total number of approved plans stands now at 69, according to Marijuana Moment. The Comanche Nation, the San Carlos Apache […]

Text-message ads from hemp, marijuana companies spur spam-related lawsuits

(A version of this story first appeared at Marijuana Business Daily.) A legal and financial liability has emerged over the past two years threatening the coffers of hemp and marijuana businesses: class action lawsuits filed by recipients of unwanted text-message advertisements who allege they’re getting spammed with deals and sales. To date, at least a […]

Embattled CBD exec says PPP loan was returned, jet bought with personal money

The CEO of a failed CBD company accused by investors of misspending funds and getting a bogus coronavirus-relief loan says the loan has been returned and that credit-card expenses challenged by disgruntled investors were for legitimate business purposes. Patrick Horsman, whose company Integrated CBD launched in Arizona but failed earlier this year, told Hemp Industry […]

Report: NFL players’ union warns members not to endorse CBD products

The NFL Players Association has updated its policy to discourage athletes from endorsing products that contain CBD or other cannabinoids. The NFLPA wrote in an email sent last Thursday that its Commercial Substances Policies and Endorsements section has been updated to read: “NFL players, coaches, and other employees must not endorse or appear in advertisements […]

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