Hemp and CBD leaders told Hemp Industry Daily what they hope to see in the FDA’s Enforcement Policy draft guidance, when the industry will likely get to see that document and what will happen to the industry if FDA regulatory guidance on CBD doesn’t come soon. (Click on the... Read more
Khiron Life Sciences, a vertically intergrated Colombian cannabis company, has signed a deal to sell its CBD skincare products in the Hong Kong region later this year. Khiron signed the distribution agreement for its Kuida CBD skincare line with DNO Group, an Asia-Pacific distributor with a network of more... Read more
Federal agriculture officials have approved hemp production plans last week for one additional state and one American Indian Tribe. The U.S. Department of Agriculture gave the green light to plans from the state of Maryland and the Lower Sioux Indian Community in Minnesota. The two new approved plans bring... Read more
(This story first appeared on Marijuana Business Daily International.) United Kingdom-based GW Pharmaceuticals posted marginal revenue growth in the second quarter over the previous quarter, citing challenges stemming from the COVID-19 pandemic. GW reported revenue of $121.3 million for the quarter ended June 30 – about the same as the previous... Read more
In NCIA’s monthly video series, NCIA Today, host Bethany Moore shares a retrospective on the month of July, plus what to expect from NCIA’s digital events this fall. We also check in with NCIA’s Director of Government Relations, Michael Correia, to hear more about NCIA’s efforts to advance the cannabis... Read more
CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19. The aggregate price of hemp CBD biomass dropped by 79% from April... Read more
The National Industrial Hemp Council and the National Association of State Departments of Agriculture say “many states will be unable to meet” the Oct. 31 deadline to switch to new rules for hemp production. In a letter to Congress this week, the organizations ask that implementation of the U.S.... Read more
More than two dozen Dutch cannabidiol producers are self-certifying their products and sharing lab results and product origins with consumers – a move to foster transparency and accountability amid uncertainty about the future of cannabidiol products in the European Union. The Cannabinoid Association of the Netherlands (CAN) announced the... Read more
Hemp manufacturers and retailers in Texas filed a lawsuit on Wednesday, challenging the Texas health department on its recently enacted ban on selling smokable hemp products. Four businesses filed the lawsuit in a Travis County court against the Texas Department of State Health Services and its commissioner John Hellerstedt.... Read more
CV Sciences Inc., a San Diego-based CBD manufacturer, reported $5.4 million in revenue for the fiscal quarter that ended June 30 – a massive drop from the $16.9 million it reported during the same period in 2019. The revenue decline represents a 68% decrease from the same quarter last... Read more
