The Walgreens pharmacy chain will sell CBD-infused creams, sprays and transdermal patches in 1,500 stores across nine states, but the company declined to identify the brands it plans to carry, CNBC reported. The move comes hot on the heels of an announcement last week that rival pharmacy chain CVS... Read more
With new companies – both cannabis and mainstream – entering the hemp and CBD market every day, it may be difficult for investors to know where the best investment opportunities exist. But there are also more places to get guidance than ever before. For example, Brent Williams founded hedge fund... Read more
Photo courtesy of Kattia Jimenez Hemp production is about to shift into overdrive in states where growers have been licensed to get started with the 2019 planting season. There is a dramatic increase in interest among new farmers looking to capitalize on hemp in states that have been growing... Read more
Proving that hemp-derived CBD really is sourced from hemp remains one of the big questions around its legality – and may be a key factor in a recent acquisition. Exactus, a Virginia-based health-care company with interests in cannabidiol treatments, acquired Hemp Healthy, a supplement firm that owns an e-commerce... Read more
Rules for use of CBD in food products and dietary supplements won’t be coming any time soon, according to the outgoing head of the U.S. Food and Drug Administration (FDA). With roughly two weeks left of his tenure as commissioner of the FDA, Dr. Scott Gottlieb said at an... Read more
(For an analysis of this deal from an investment standpoint, sign up for our new premium subscription service Investor Intelligence.) Massachusetts-based Curaleaf has inked a deal with the CVS pharmacy chain to begin selling hemp products at 800 stores in 10 states. The distribution deal was announced during Curaleaf’s investor and analyst... Read more
The dominant sales channel for CBD – e-commerce – is becoming a major draw for marijuana manufacturers, who are using hemp-derived CBD to tap into new revenue and a wider consumer base. They’re doing this despite repeated warnings from the U.S. Food and Drug Administration (FDA) that it is... Read more
As the hype around hemp ramps up and states issue record numbers of licenses to farmers wanting to capitalize on opportunities the new crop may offer, U.S. Secretary of Agriculture Sonny Perdue said this week that he isn’t so sure hemp will be the cash crop everyone is hoping... Read more
(This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) Hemp cultivators have long relied on cloning as a way to propagate plant inventory and preserve their genetics, but the practice of taking a rooted cutting from a mother plant may be... Read more
Kentucky’s resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping more than twice as much income from their crop. The state’s hemp processors reported $57.75 million in gross product sales last year, compared with $16.7 million in 2017, Kentucky Agriculture... Read more
