CBD giant CV Sciences reports $9 million loss in first quarter
(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
Chart: Brand plays critical role in CBD purchases
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
States move forward on hemp while USDA develops federal rules
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
Apply For A Scholarship to #CannaBizSummit Before May 15!
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
Progress on the SAFE Banking Act in the House and Senate
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
Mattress firm navigates tricky hemp-fiber market
A Michigan company hopes to be at the forefront of industrial hemp textile and fabric adoption by marketing hemp mattresses to millennials. However, short supply of hemp fiber for textiles and fabric is creating challenges for the company and driving up the price. “When we went on the hunt... Read more
Feds: CBD not allowed in alcoholic beverages
CBD is not a permitted ingredient in alcoholic beverages under current federal guidelines, according to the Alcohol and Tobacco Tax and Trade Bureau (TTB). The TTB, which falls under the U.S. Department of the Treasury that regulates beverage alcohol and other industries, responded to a barrage of questions from alcohol... Read more
VIDEO: The Bright Future Of The Cannabis Industry
The future is bright for the cannabis industry!Let’s build it together. Despite the many struggles our industry faces due to federal prohibition, there’s strong optimism for the direction we are going into the future. Hear more from these NCIA Members about the amazing industry we are building together:... Read more
VIDEO: The Benefits Of Legalization
In this third installment of NCIA’s animated educational video series, we explore the benefits of legalizing cannabis nationwide and beyond. Learn how ending federal prohibition can improve public safety and add economic opportunities to our communities, and how you can help. Join NCIA today help us push cannabis... Read more
Member Blog: Put Your Cannabis Products to the Test – How Companies Can Work Closely with Labs to Maximize Efficiency and Quality
By Dr. John Oram, CEO & Founder of NUG Laboratory testing regulations for the cannabis industry have been consistently inconsistent, leaving companies struggling to adapt. In the early stages of California’s legal medical marijuana market, labs limited testing to potency, disregarding purity, which put patients at risk. When California... Read more
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