Cannabis giant Tilray is expanding into the natural foods category with the acquisition of hemp foods company Manitoba Harvest for 419 million Canadian dollars ($319 million) in cash and stock in an effort to capitalize on cannabidiol-infused products in North America. The acquisition will accelerate British Columbia-based Tilray’s expansion... Read more
As companies prepare for legal changes to the hemp industry after the plant’s federal reclassification, a sleeping giant in the CBD sector is beginning to step into its full financial potential: skin-care products. The $18 billion U.S. skin-care industry is seeing a flood of CBD entrants, including large retailers such... Read more
Last week, as NCIA wrapped up another successful Seed to Sale Show, we were vigilantly preparing for a historic hearing about the issue of cannabis banking and the SAFE Banking Act. This is an incredible milestone for our industry. If this bill passes, it would allow marijuana-related businesses in... Read more
(This article has been updated to include a response from the FDA.) Saying that states need “immediate leadership” on CBD in foods, drugs and cosmetics, 12 members of Congress have asked the head of the U.S. Food and Drug Administration (FDA) to release updated guidance by Friday. The letter,... Read more
The U.S. Department of Agriculture (USDA) will host a public listening session Feb. 26 to get feedback on policies being implemented through the 2018 Farm Bill. According to Bill Northey, the agency’s undersecretary for Farm Production and Conservation, the listening session is an opportunity for hemp producers and other... Read more
More restaurants and facilities nationwide report they can’t sell CBD anymore, even as an official in New York City vows to turn back the Big Apple’s crackdown on CBD use in eateries. In the past week, enforcement letters and product seizures spread to new jurisdictions, a response to December comments... Read more
Advertising restrictions continue to affect the hemp and CBD industry, with one Alaska town removing CBD ads from city buses rather than face possible complaints about them. A borough in Fairbanks took down Aurora Apothecary ads on buses promoting CBD. The bus system said that no one complained about the... Read more
Village Farms International, a Canadian company that’s adding U.S. hemp to its business producing greenhouse-grown tomatoes, bell peppers and cucumbers, has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets – where it trades as VFFIF – and list on the Nasdaq Capital Market... Read more
CBD manufacturing in New York continues to heat up with at least two hemp companies announcing plans for extraction facilities to compete with huge manufacturing investments expected from out of state. The new factories – one in a former newspaper printing plant near Binghamton and the Pennsylvania border, the... Read more
Today, Wednesday, February 13 at 2:00 PM ET, the U.S. House Committee on Financial Services’ Subcommittee on Consumer Protection and Financial Institutions will hold a hearing about the issue of cannabis banking and the SAFE Banking Act. This would allow marijuana-related businesses in states with existing regulatory structures to access... Read more
