Charlotte’s Web Holdings Inc. lost $6.6 million last quarter as expenses outstripped rising revenue and the pandemic continued to cool sales. The CBD giant based in Boulder, Colorado, reported revenue of $25.2 million for the quarter that ended Sept. 30, up 0.4% from the same period a year ago.... Read more
A CBD maker that converted a former wheat germ plant into an extraction facility last year is expanding into hemp drying and milling, thanks in part to a tax abatement from its northern Indiana city. Viobin plans to add 15 jobs and a hemp dryer, screen, pelletizer and hammermill.... Read more
Missouri CBD retailer MNG 2005 is cheering a judge’s order keeping its legal fight alive against credit-card giant Visa as it wages a battle to access payment-processing services. U.S. District Judge John Ross ruled this week that MNG can pursue defamation claims against Visa for allegedly saying that the... Read more
The National Industrial Hemp Council has set its sights on Asian and European hemp markets after it says it was allocated $200,000 from the U.S. Department of Agriculture to promote U.S. hemp products abroad. Kevin Latner, the NIHC’s senior vice president for trade, told Hemp Industry Daily that the... Read more
(A version of this story first appeared at Marijuana Business Daily International.)Canadian marijuana producer Hexo Corp. says it has settled a trademark-infringement lawsuit against a California CBD maker. Hexo sued Assi Project Management for unfair competition and trademark infringement in the U.S. District Court for the Southern District of... Read more
Aldi UK, the British arm of the German supermarket chain, has launched a house line of hempseed oil skincare products, joining the ranks of grocers carrying hemp and incorporating it in store-brand products. The retailer’s Lacura line of products, which includes a body butter, hand cream and “CBD Facial... Read more
In a year of a deadly pandemic and a historic presidential election, it shouldn’t surprise anyone that anxiety levels are sky high among American consumers. But the silver lining for the hemp and CBD industry is that at least 20% of consumers are using more CBD products as a... Read more
Choosing a new head of the U.S. Food and Drug Administration will be a top priority for President-elect Joe Biden as the nation continues to wrestle with a pandemic with no end in sight. That’s a change from previous administrations, where the FDA chief was not the first priority,... Read more
A team of University of Minnesota researchers have developed a genetics test that can predict whether a cannabis plant will produce mostly CBD or THC molecules. The group, led by the lab of George Weiblen, a professor in the College of Biological Sciences and the Science Director & Curator... Read more
SOAR™, makers of high performing, hemp-derived CBD products for healthy bodies and minds, today announced the addition of three innovative functional tinctures to their product lineup – Harmony Held, Energy Enhanced and Sleep Secured – crafted with organically farmed CBD, introducing CBG and CBN, and containing less than 0.3%... Read more
