Charlotte’s Web Holdings, a CBD manufacturer in Boulder, Colorado, lost $14.4 million last quarter as the coronavirus pandemic slowed retail sales and operating expenses rose 82% from the same period a year ago. The company announced a plan to reduce operating expenses by 10% by the end of 2020,... Read more
By Lindsey Griffith, Creative Content Specialist at ThrivePOP Life has changed, and businesses are in panic mode. Consumer income suddenly becomes uncertain, and we begin to face our own economic vulnerability. Luckily for the cannabis industry, they were deemed as an “essential” business during the COVID-19 pandemic. And while... Read more
Geneticists worldwide are racing to breed a cannabis seed not yet in existence: One that thrives in climates with only 12 hours of daylight all year but remains low in THC. Long the province of illicit criminals and smugglers, cannabis genetics now draw top botanists as a growing number... Read more
(A version of this story first appeared at Marijuana Business Daily.) A cannabis research and development deal hailed just last March as a $300 million partnership has morphed into a nearly $1 billion court battle. New York-based Lavvan filed an $881 million suit against its partner, California-headquartered Amyris, alleging... Read more
Out-of-control wildfires in Oregon have caused the state’s agriculture school to delay a virtual event to show off its 2020 research on hemp. Oregon State University has delayed its first Oregon Hemp Field Day by a week, from Sept. 16 to Sept. 23. The school says the first hour... Read more
A Texas judge is scheduled to hear arguments Monday on blocking a ban on smokable hemp. Travis County Judge Lora Livingston last month granted a temporary restraining order to a group of hemp producers challenging a rule enacted by state health authorities that blocks the manufacture and sale of... Read more
Delaware State University has been awarded some $592,000 in a three-year grant from the National Science Foundation to work with undergraduates on developing new applications for hemp. The historically black school in Dover was Delaware’s lead research agency when hemp was legal only for research purposes. After passage of... Read more
A company in Paraguay says it has shipped organic hempseed products to the United States, claiming to be the first Paraguayan and Latin American company to export foods derived from hemp to North America. Healthy Grains S.A., a hemp production and consulting firm based in Luque, outside of the... Read more
Photo courtesy Trilogene Seeds A version of this story appeared earlier on Marijuana Business Daily. An early cold snap that swept through Colorado this week drove temperatures below freezing and dumped inches of snow, potentially destroying valuable hemp plants nearing harvest. The crop damage also hit outdoor-grown marijuana and... Read more
Regulators at Australia’s Ministry of Health are one step closer to allowing over-the-counter sales of cannabidiol products. The Therapeutic Goods Administration (TGA) said Wednesday it reached an interim decision to amend the country’s Poisons Standard and down-schedule CBD to a Schedule 3 product in oral, oral mucosal and sublingual... Read more
