Boulder, Colorado-based Charlotte’s Web Holdings reported revenue for 2018 of $69.5 million, a 74% increase over 2017. Full-year profit for the manufacturer of hemp-derived CBD products increased 57% to $11.8 million. For the fourth quarter ended Dec. 31, 2018, revenue totaled $21.5 million, up 71% over the prior-year period.... Read more
Watch this webinar from NCIA’s Scientific Advisory Committee: Cannabis Testing & How to Read Test Results! Learn from expert panelists: Alena Rodriguez, Managing Director, Rm3 Labs; Garrett Cropsey, Project Manager, Canna Advisors; and Tiffany Coleman, Director of Quality, Copperstate Farms. Without delving too much into the testing methodologies used,... Read more
by Michelle Rutter, NCIA Government Relations Manager Today, H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019, received a markup by the House Financial Services Committee and passed in a vote of 45-15. This is the first time in... Read more
Maine has changed course on CBD foods less than three months after health authorities ordered CBD foods off shelves. A new law gives CBD manufacturers express permission to add cannabidiol to foods in contravention of federal law, which bans the addition of CBD into the food supply. Gov. Janet... Read more
The Walgreens pharmacy chain will sell CBD-infused creams, sprays and transdermal patches in 1,500 stores across nine states, but the company declined to identify the brands it plans to carry, CNBC reported. The move comes hot on the heels of an announcement last week that rival pharmacy chain CVS... Read more
With new companies – both cannabis and mainstream – entering the hemp and CBD market every day, it may be difficult for investors to know where the best investment opportunities exist. But there are also more places to get guidance than ever before. For example, Brent Williams founded hedge fund... Read more
By Gary Paulin, Lightning Labels Now you see it. Now you don’t. What’s in compliance today may run afoul tomorrow. And federal government wishes and whims continue to cast a pall over state operations. In this topsy-turvy environment, cannabis purveyors need to be able to pivot on a dime.... Read more
Photo courtesy of Kattia Jimenez Hemp production is about to shift into overdrive in states where growers have been licensed to get started with the 2019 planting season. There is a dramatic increase in interest among new farmers looking to capitalize on hemp in states that have been growing... Read more
Proving that hemp-derived CBD really is sourced from hemp remains one of the big questions around its legality – and may be a key factor in a recent acquisition. Exactus, a Virginia-based health-care company with interests in cannabidiol treatments, acquired Hemp Healthy, a supplement firm that owns an e-commerce... Read more
Rules for use of CBD in food products and dietary supplements won’t be coming any time soon, according to the outgoing head of the U.S. Food and Drug Administration (FDA). With roughly two weeks left of his tenure as commissioner of the FDA, Dr. Scott Gottlieb said at an... Read more
