The Saks Fifth Avenue department store chain announced that it will sell CBD skin-care products and nutritional supplements at its new salon in New York. The department store will include a CBD Beauty Corner at the chain’s flagship store’s salon, called The Salon Project. The new shop-in-shop concept launches on... Read more
A new Connecticut hemp law that allows unlimited hemp production and the sale of foods containing CBD leaves New Hampshire as the lone New England state with no hemp program. The law signed Thursday by Gov. Ned Lamont sets up Connecticut hemp production as soon as this year. Details... Read more
A Quebec, Canada-based supplements company has agreed to acquire a North Carolina hemp extractor, marking yet another move by a Canadian cannabis firm into the U.S. hemp industry. Neptune Wellness Solutions, a company that makes fish-oil supplements and cannabinoid oils, will buy Sugarleaf Labs of Conover, North Carolina, for... Read more
A Canadian company focused on CBD extraction in Europe has bought a Polish hemp grower. StillCanna acquired Olimax, which grows about 3,700 acres (1,500 hectares) of hemp, in a deal valued at more than 25 million Canadian dollars ($18.6 million). The cash-and-stock deal includes a cash payment of $2... Read more
(This story has been updated to provide commentary from company executives on the results.) CV Sciences, a CBD specialist based in Las Vegas, reported revenue of $14.9 million for its first quarter ended March 31, up 85% from the same period a year ago. Net loss for the quarter... Read more
Even in the relatively new competitive market around CBD, consumers are turning to trusted companies and brands to acquire products with the cannabinoid. Nearly one-third of respondents to a survey from High Yield Insights said they purchase CBD products from a specific brand’s website – more than those who... Read more
Afraid of missing hot opportunities in hemp while the federal government mulls national rules, states are adopting a surprising number of laws to start or expand hemp production. Most states already allow hemp cultivation, but 2019 has seen many of the hemp holdouts adopt cultivation laws, while more established... Read more
A Michigan company hopes to be at the forefront of industrial hemp textile and fabric adoption by marketing hemp mattresses to millennials. However, short supply of hemp fiber for textiles and fabric is creating challenges for the company and driving up the price. “When we went on the hunt... Read more
CBD is not a permitted ingredient in alcoholic beverages under current federal guidelines, according to the Alcohol and Tobacco Tax and Trade Bureau (TTB). The TTB, which falls under the U.S. Department of the Treasury that regulates beverage alcohol and other industries, responded to a barrage of questions from alcohol... Read more
A Kentucky hemp company is sending seeds into space to see what changes when the plant has less gravity. Winchester-based Atalo Holdings’ seeds will hitch a ride to the International Space Station aboard SpaceX 17, scheduled to launch Friday. Scientists will be looking at how hemp propagates in microgravity,... Read more
