The hemp and marijuana industries both have a lot riding on Friday’s launch of a safety review by the U.S. Food and Drug Administration. The prospect of legal products infused with cannabis extracts is no longer out of bounds, now that Congress has removed low-THC hemp from the Controlled... Read more
Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX). The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker CWEB. The move to the TSX – the world’s ninth-largest... Read more
(Photo by Media Collaboratory) Hemp farmers often look for strategic partnerships with other farmers and landowners to boost their production capabilities. But those relationships can go awry if care isn’t taken in picking the right partners and creating solid contracts. A recent example includes four Oregon farms that are... Read more
While farmers in Florida were hoping to plant hemp in 2019, the state hemp program – approved by Florida lawmakers earlier this month – is still awaiting Gov. Ron DeSantis’ signature. But the Florida Department of Agriculture and Consumer Services is confident it will be ready to issue growing... Read more
The CBD market in Europe faces a challenge that would look familiar to many U.S. producers: popularity is on the rise, despite lack of clear rules and industry-wide standards. For consumers, this means that legitimate products can often be found right next to others with significantly less CBD than advertised or with... Read more
U.S. aviation authorities have changed course on cannabidiol and now allow it on airplanes, as long as it comes from hemp. The U.S. Transport Security Administration recently updated its guidance on medical marijuana to clarify that CBD products are allowed as long as they were produced legally. That means CBD... Read more
An Illinois holding company is acquiring manufacturers that make hemp-derived CBD products, with an eye toward becoming a serious player in the space. Acquired Sales Corp. of Lake Forest is changing its name to CBD Lion and is flexing into the hemp market with significant acquisitions and investments: The... Read more
Charlotte’s Web Holdings, the Boulder, Colorado-based maker of whole-plant hemp health supplements, reported quarterly revenues of $21.7 million for the three months ended March 31, up almost 66% from the corresponding period last year ($13.1 million). The company reported net income of $2.3 million for the period, compared with... Read more
A provision to help hemp farmers get crop insurance has been added to a federal disaster-relief bill. A bill that passed in the Senate on Thursday includes an amendment to ensure hemp farmers access to crop insurance prior to the 2020 growing season. The provision states that the Federal Crop... Read more
(Editor’s note: This is the first in an occasional series on the complex hemp market in California. Today, a look at why many counties in the cannabis-friendly state are saying no to hemp, and how some hemp companies are finding opportunity despite the challenges.) The nation’s largest agricultural state... Read more
