CBD and sports: Marketing to athletes becoming big business
Rob Gronkowski, formerly of the NFL’s New England Patriots, left, partnered with Perry Antelman, CEO of Abacus Health Products, and now promotes the company’s CBDMEDIC line of products for athletes. (Photo courtesy of Abacus Health Products) CBD manufacturers looking for new market opportunities are making big investments in the... Read more
Discount and sporting goods retailers begin CBD distribution
Two more mainstream retailers have entered the CBD race this month, joining a multitude of other large retailers that carry CBD products, including grocery, convenience, cosmetics and clothing stores. Dollar General will sell 20 different CBD products in 1,100 stores in Tennessee and Kentucky. The discount retailer plans to... Read more
Ohio-based CBD empire terminates bid to acquire multistate cannabis operator
Changing economic times have caused an Ohio marijuana and hemp retailer to rethink its latest acquisition. Green Growth Brands, which owns medical marijuana dispensaries and the nation’s largest chain of CBD retail locations in mall kiosks, on Wednesday dropped its $310 million all-stock bid to acquire Moxie Holdings, a... Read more
Hemp association searching for new leadership as executive director steps down
A national hemp association is looking for a new leader after the immediate departure of its executive director. Colleen Keahey Lanier, who since 2017 has led the national Hemp Industries Association (HIA), a nonprofit trade organization focused on education, industry development and expansion of the U.S. and international hemp... Read more
USDA extends public comment period for hemp interim final rule by 30 days
Federal agriculture officials are giving the hemp industry more time to provide feedback on new nationwide production rules. After requests from state officials and members of the U.S. Congress seeking additional time for public feedback, the U.S. Department of Agriculture (USDA) said Tuesday it will extend the comment period on the... Read more
USDA hemp-production regulations endanger smokable hemp flower market, business leaders say
Stringent sampling and testing protocols mandated by federal agriculture officials in the new hemp production regulations could make the hemp flower market go up in smoke, according to industry observers. Farmers and industry advocates worry the lucrative smokable hemp flower that many farmers are producing – with hopes of... Read more
State agriculture departments ask USDA to extend comment period by 60 days
An association that represents the top officers of the departments of agriculture in all 50 states and four U.S. territories has joined other voices on Capitol Hill in asking the U.S. Department of Agriculture (USDA) for a 60-day extension on submitting public comments about hemp production. In a letter... Read more
Front Range Biosciences is honored as Hemp Game Changer at MJBizDaily Awards
Front Range Biosciences is the inaugural winner of the MJBizDaily Awards’ Hemp Game Changer Award. The 2019 award was presented to Front Range Biosciences CEO Jonathan Vaught on Thursday night at the MJBizDaily Awards gala during MJBizCon Week in Las Vegas. “I’m really honored,” Vaught said after winning the award.... Read more
US Senate confirms Hahn as new head of FDA
The U.S. Senate has confirmed a cancer specialist from Texas to lead the U.S. Food and Drug Administration (FDA). Dr. Stephen Hahn was confirmed Thursday. He replaces Dr. Scott Gottlieb. Hahn hasn’t said how he believes cannabis extracts such as CBD should be regulated, though he said at his... Read more
Chart: 20% of hemp lots will exceed 0.3% THC limit next year, USDA estimates
In 2020, one in five lots of hemp will need to be destroyed because the plants exceed the legal THC limit, according to new estimates from the U.S. Department of Agriculture (USDA). These USDA estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA... Read more
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