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... Read more
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... Read more
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... Read more
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... Read more
A New York hemp grower whose attempt to launch a hemp wine label was blocked by federal regulators says he’s still exploring the idea. Kaelan Castetter, CEO of Castetter Sustainability Group, tells Wine Spectator that he’s not giving up on plans to sell wine infused with hemp terpenes. Castetter’s hemp... Read more
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... Read more
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... Read more
The CannaTech medical cannabis innovation conference was postponed until June 15-16 because of coronavirus concerns. (Photo courtesy of CannaTech) (A version of this story appeared earlier on Marijuana Business Daily.) Some U.S. and international cannabis industry conferences and trade shows – important for marijuana and hemp businesses to market... Read more
Mexican lawmakers are a step closer to legalizing marijuana and hemp. Three separate Senate panels approved legislation that would legalize all forms of cannabis, sending the measure to the full Senate. It would still require a vote in another chamber after that. Although there’s still steps to go, the... Read more
Swissx Labs, which makes smokable hemp and hemp-derived CBD products, has hired a new sales director to spearhead the brand’s expansion in Europe. Christian Wagner takes the reins as head of sales and marketing in Switzerland after working in luxury branding for high-end hotels and fashion brands. Wagner also... Read more
