VIDEO: Member Spotlight – Silver State Wellness
Get to know NCIA members Silver State Wellness in this month’s video spotlight. We speak with co-founder Ed Bernstein and general manager Emmett Reistroffer to learn more about their state-of-the art infused product manufacturing facility based in Las Vegas, Nevada. Their facility produces both medical and adult-use brands ranging from... Read more
Member Blog: 5 Steps to Set Record Profits on 420
by Gary Cohen, Cova Software If increased consumer spending is any indication, April 20 has solidified itself as the ultimate cannabis holiday. Average dispensary sales around last year’s high holiday experienced a 51% increase, beating 2017’s numbers by an impressive 30%. With more U.S. states having legalized cannabis since... Read more
FDA warns CBD businesses: Stop making medical claims – or else
Three CBD companies received letters from the U.S. Food and Drug Administration (FDA) and the Federal Trade Commission (FTC), warning them against making “unsubstantiated claims” about their products’ medical benefits. The companies, Advanced Spine and Pain LLC (Relievus) in Jenison, Michigan, Nutra Pure in Vancouver, Washington, and PotNetwork Holdings... Read more
FDA calls for ‘data and information’ to inform regulatory oversight of CBD
In his final week at the U.S. Food and Drug Administration (FDA), outgoing Commissioner Dr. Scott Gottlieb has made good on his promise to set a date for the first public hearing on CBD – but it won’t be this month, as he previously stated at a Congressional hearing... Read more
Multistate cannabis operator Vertical to spin off hemp-based CBD business after $58M raise
In a lead-up to spinning off its hemp-based CBD interests, Los Angeles-based Vertical Companies closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. A subsidiary, Vertical Wellness, a hemp-based CBD operator and brand firm with 2,000 acres of hemp... Read more
Sens. McConnell and Wyden to financial leaders: Give hemp farms access to banking
Hemp farmers and businesses may soon have access to banking, credit and financial services if two of the industry’s biggest champions on Capitol Hill have anything to say about it. And they do. Sens. Mitch McConnell of Kentucky and Ron Wyden of Oregon sent letters to four federal banking... Read more
Texas loosens state-level hemp ban, but uncertainty remains
Hemp holdout Texas is taking a big step toward embracing the federally legal plant, with one agency announcing a rule change to remove the plant from the state’s definition of marijuana. But entrepreneurs hoping that Texas will allow a hemp industry before federal agencies take action say that the... Read more
Confusion, enthusiasm combine at Hemp Investor Forum
Uncertainties surrounding regulations – both at the state and federal levels – and a lack of recent historic data in the United States are factors that could discourage investors in the American hemp industry, attendees at a Denver forum heard last week. However, savvy investors can still find opportunities... Read more
EPA awards research funds for hemp concrete improvements
Hemp’s potential in sustainable construction has won some California researchers a grant from the U.S. Environmental Protection Agency (EPA). Researchers at the University of California, Riverside, have been awarded more than $12,000 to study a new way to process hemp for hempcrete. The students will experiment with a cleaner... Read more
Hemp manufacturer Charlotte’s Web explores uplisting to TSX, US stock exchanges
Charlotte’s Web, the Colorado-based hemp and CBD company, is continuing to explore the possibility of either uplisting to either the Toronto Stock Exchange or U.S. exchanges. Various options are being looked at, including a possible listing on the New York Stock Exchange, CEO Hesaam Moallem told analysts on a... Read more
( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )