A subsidiary of Nestlé, the world’s largest food and beverage company, has started producing and selling CBD softgels in Europe. Nestlé Health Science partnered with Geocann, a cannabis-product manufacturer headquartered in Fort Collins, Colorado, to launch broad-spectrum CBD softgel formulations with a special droplet delivery system known as VESIsorb.... Read more
Thoughtful Brands, cannabis and psychedelics company in Vancouver, British Columbia, has acquired a Kentucky CBD maker in a stock-and cash deal worth CA$12 million ($9 million). Thoughtful Brands Inc. announced the execution of a deal to buy American Extraction CBD Corp., a privately held hemp grower and processor in... Read more
The delay of a U.S. House vote to make all cannabis legal regardless of the THC content is a disappointment to many in the industry – but insiders say it changes little in terms of the momentum of reform. Industry experts say the Democratic-controlled House is setting a template... Read more
Despite missing out on earlier funding, hemp farmers are included in a new $14 billion coronavirus relief effort that will provide additional direct assistance for agricultural producers who continue to face market disruptions and associated costs, federal agriculture officials announced Friday. Commodities including hemp are eligible that weren’t eligible... Read more
The Hemp Industries Association and a South Carolina CBD manufacturer are suing the U.S. Drug Enforcement Administration over a recent rule they say wrongly criminalizes how hemp extracts are made. The filing asks a federal appeals court in Washington DC to throw out a DEA rule published last month.... Read more
A Texas judge is blocking authorities from enforcing the state’s smokable hemp ban until a trial resolves the dispute between hemp producers and the health department. Travis County Judge Lora Livingston said in a ruling Thursday that the group of hemp producers suing state health authorities who enacted the... Read more
Brazil has fast-tracked a draft law that would legalize the cultivation of medicinal cannabis and industrial hemp, and the stakes are high. South America’s largest economy leads the world in several commodities markets, and some politicians say its farmers are keen to expand into hemp. Several other Latin American... Read more
New York hemp growers and processors want Gov. Andrew Cuomo to issue guidelines from a bill last year to regulate the sale of extracts from the plant, like CBD, before 2014 Farm Bill pilot provisions expire on Oct. 31. The bill Cuomo signed last year would regulate CBD-infused products... Read more
A German CBD extractor has secured funding of an undisclosed amount from an independent investor in Hamburg who valued the company at €5 million ($5.9 million). Signature Products GmbH did not disclose the size of the investment but said in a statement that the investor’s appraisal makes it the... Read more
A federal agency is urging agriculture officials to allow more time for public comment for proposed national hemp production rules. The Small Business Administration’s Office of Advocacy sent a letter to U.S. Agriculture Secretary Sonny Perdue on Friday, saying that 30 days the U.S. Department of Agriculture has allowed... Read more
