The fast-growing CBD industry has a problem: It’s bedeviled by dangerous lookalike products and scary warnings from top medical journals and the U.S. Food and Drug Administration. Even as CBD enters the mainstream, enabled by the 2018 Farm Bill, the industry lacks specific regulations to help consumers and authorities... Read more
Charlotte’s Web Holdings is looking for a new CEO as it brings on a marketing expert from the world’s largest beverage maker to chart new growth plans. The CBD manufacturer announced Thursday that it had hired Eugenio Mendez, a former vice president of The Coca-Cola Co. who focused on global... Read more
In this month’s video member spotlight, we visit with NuLeaf Dispensary in Las Vegas, Nevada. Adult-use cannabis was legalized in the state on January 1, 2017, though licensed dispensary sales were slowly implemented throughout the year. Learn more about how NuLeaf’s marketing team overcomes the many challenges to both... Read more
(This is an abridged version of a column that appears in the November-December issue of Marijuana Business Magazine.) Hemp is making strides faster than activists dreamed even a couple of years ago. Farmers are planting thousands of acres. Processors are adding warehouse space to accommodate ever-increasing orders for CBD extracts. Retailers are... Read more
A CBD American Shaman store south of Omaha received a cease-and-desist letter from a local prosecutor ordering the removal of cannabidiol products by the end of next week. The order comes despite the fact that hemp-derived CBD is no longer a controlled substance under federal law. However, Nebraska state law... Read more
As 2018 comes to a close, it’s a great time to sit down and reflect on the successes and challenges of 2018 for cannabis reform. We’re excited to present to you the first installment of our new quarterly Policy Webinar Series with NCIA’s Director of Government Relations Michael Correia, and... Read more
Kentucky is first in line to request federal approval of its hemp regulations. State Agriculture Commissioner Ryan Quarles submitted Kentucky’s rules Friday, a day after President Donald Trump signed the 2018 Farm Bill. “Hemp growers, processors and manufacturers deserve swift action so they can proceed with confidence,” Quarles told Bowling... Read more
In response to hemp legalization being signed into law Thursday, the U.S. Food and Drug Administration issued a reminder that CBD and THC are still not legal to add to food – but promised further review of its guidelines. “It’s unlawful to introduce food containing added CBD or THC into... Read more
by James Mann and Rachel Gillette, Attorneys at Greenspoon Marder LLP The Tax Court’s recent decision in Harborside Health Center v. Commissioner is more bad news for the cannabis business community. The taxpayer, a prominent California dispensary, was assessed approximately an additional $30 million in tax by the IRS... Read more
Austria’s Minister of Health ordered businesses to immediately stop selling CBD food and cosmetics because the products fall under the European Union’s definition of “novel food.” Cannabidiol is explicitly included in the EU’s novel food catalog, which means individual member countries may limit the marketing and sale of it without... Read more
