Citing a need to “open up new commercial markets for farmers,” Georgia has legalized hemp farming in a new law that allows cultivation for all purposes, including CBD-infused foods. The law signed by Gov. Brian Kemp on Friday sets up licenses for farming and processing hemp and allows “all products with... Read more
The Saks Fifth Avenue department store chain announced that it will sell CBD skin-care products and nutritional supplements at its new salon in New York. The department store will include a CBD Beauty Corner at the chain’s flagship store’s salon, called The Salon Project. The new shop-in-shop concept launches on... Read more
A new Connecticut hemp law that allows unlimited hemp production and the sale of foods containing CBD leaves New Hampshire as the lone New England state with no hemp program. The law signed Thursday by Gov. Ned Lamont sets up Connecticut hemp production as soon as this year. Details... Read more
A Quebec, Canada-based supplements company has agreed to acquire a North Carolina hemp extractor, marking yet another move by a Canadian cannabis firm into the U.S. hemp industry. Neptune Wellness Solutions, a company that makes fish-oil supplements and cannabinoid oils, will buy Sugarleaf Labs of Conover, North Carolina, for... Read more
A Canadian company focused on CBD extraction in Europe has bought a Polish hemp grower. StillCanna acquired Olimax, which grows about 3,700 acres (1,500 hectares) of hemp, in a deal valued at more than 25 million Canadian dollars ($18.6 million). The cash-and-stock deal includes a cash payment of $2... Read more
(This story has been updated to provide commentary from company executives on the results.) CV Sciences, a CBD specialist based in Las Vegas, reported revenue of $14.9 million for its first quarter ended March 31, up 85% from the same period a year ago. Net loss for the quarter... Read more
Even in the relatively new competitive market around CBD, consumers are turning to trusted companies and brands to acquire products with the cannabinoid. Nearly one-third of respondents to a survey from High Yield Insights said they purchase CBD products from a specific brand’s website – more than those who... Read more
Afraid of missing hot opportunities in hemp while the federal government mulls national rules, states are adopting a surprising number of laws to start or expand hemp production. Most states already allow hemp cultivation, but 2019 has seen many of the hemp holdouts adopt cultivation laws, while more established... Read more
In an effort to create a more diverse and inclusive industry, we are thrilled to announce the partnership between NCIA and the Minority Cannabis Business Association has opened applications for its scholarship fund for qualified cannabis executives. Throughout the years, MCBA has consistently gone above and beyond to create... Read more
Less than two months ago, H.R. 1595: the Secure and Fair Enforcement (SAFE) Banking Act was marked up by the House Financial Services Committee, where it passed out of committee by a margin of 45-15. While the bill must still come to the House floor for a vote by... Read more
