Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. Authentic Brands Group, owner of the Sports Illustrated brand, says it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy... Read more
Maine CBD processor Sun Kissed Industries has acquired a California company that makes CBD products sold in 20 states. Terms of Sun Kissed’s acquisition of Hakuna Supply on Thursday were not disclosed. Carl Grant, CEO of Portland, Maine-based Sun Kissed, said in a statement that the acquisition will “thrust... Read more
(Editor’s note: This is part of an occasional series on California’s hemp industry. To read the previous installment, click here.) Hemp entrepreneurs in California are optimistic that long-awaited state legislation to legalize hemp-derived CBD as an ingredient in food, beverages and cosmetics will be revived from suspension and ready... Read more
After a season rife with challenges, Kentucky hemp producer and CBD manufacturer GenCanna Global and its subsidiary Hemp Kentucky filed for bankruptcy protection. GenCanna’s Chapter 11 filing on Wednesday followed involuntary Chapter 11 bankruptcy petitions filed in January by companies owed money by the Winchester, Kentucky-based firm: Pinnacle. Crawford... Read more
A South Dakota legislative committee on Thursday unanimously approved a bill to allow industrial hemp production in the state. The proposal, which passed in the House Agriculture and Natural Resources committee, would legalize and regulate the growth, processing and transportation of hemp in the state. Passage would leave Idaho... Read more
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, has experienced a huge drop-off in milligrams of CBD sold in Florida over the past eight weeks. The trend accelerated this week, according to data analysis from Marijuana Business Daily‘s Investor Intelligence analysts. Trulieve’s market share of CBD sales... Read more
As the U.S. hemp industry waits to see what happens next with the federal hemp production program, more state-run programs have decided to keep the status quo for another year. Less than a week after the U.S. Department of Agriculture closed a public comment period on its hemp rules,... Read more
Colorado hemp grower and CBD manufacturer EcoGen Laboratories raised $40 million in a private placement, saying it will use the funds to consolidate operations and start producing white-label CBD products in a former steel plant in western Colorado. The company said it plans to consolidate operations and extraction in... Read more
(Editor’s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) Canada’s federal health regulator is reviewing the potential market for cannabis health products that would not require physician oversight, a review that attracted strong interest from hemp... Read more
Nevada’s capital city is facing a lawsuit from a hemp cultivator blocked from growing the crop on about 100 acres of city-owned property. Tahoe Hemp filed suit against Carson City last month, saying the municipality acted in bad faith when it blocked the company from growing hemp on 100... Read more
