What they’re saying: 7 takeaways from the contentious DEA rule on hemp extracts
The hemp industry is voicing concern about a U.S. Drug Enforcement Agency rule that opponents argue would make extracts a Schedule 1 controlled substance during a period of the extraction process when the plant’s THC levels rise above what’s allowed. The DEA published the rule in August to align... Read more
Where is the CBD sector headed? Get new market insights from retail insiders
There’s no question that CBD has driven much of the hemp industry’s growth in recent years. Despite ongoing legal uncertainty, falling wholesale prices and nagging questions over the cannabinoid’s effects, the CBD market continues to expand. That’s why Hemp Industry Daily is asking two CBD sector experts to share... Read more
Upscale CBD retailer flexes into UK with distribution in British department store, UK website
Standard Dose, a wellness brand and CBD retailer in the United States, has launched a U.K. website and inked a distribution deal with John Lewis & Partners, a multichannel retailer that operates more than 40 department stores across Great Britain. The website launch allows the New York brand to... Read more
Another 6 states, 3 Indian tribes get hemp cultivation plan OK from USDA
Six more states and three Indian tribes have gotten their hemp cultivation plans by the U.S. Department of Agriculture. The states that received approval are Illinois, Indiana, Michigan, New Mexico, Oklahoma, and South Dakota. The total number of approved plans stands now at 69, according to Marijuana Moment. The... Read more
Text-message ads from hemp, marijuana companies spur spam-related lawsuits
(A version of this story first appeared at Marijuana Business Daily.) A legal and financial liability has emerged over the past two years threatening the coffers of hemp and marijuana businesses: class action lawsuits filed by recipients of unwanted text-message advertisements who allege they’re getting spammed with deals and... Read more
Chart: Pain, inflammation top reasons why low-THC cannabis interests Canadians
Canadian health authorities say there’s strong demand for over-the-counter, low-THC cannabis such as CBD, and most people want to use it for pain and inflammation if the country were to establish a legal market. That’s the result of a recent Health Canada survey. The agency is considering new rules... Read more
Report: NFL players’ union warns members not to endorse CBD products
The NFL Players Association has updated its policy to discourage athletes from endorsing products that contain CBD or other cannabinoids. The NFLPA wrote in an email sent last Thursday that its Commercial Substances Policies and Endorsements section has been updated to read: “NFL players, coaches, and other employees must... Read more
Embattled CBD exec says PPP loan was returned, jet bought with personal money
The CEO of a failed CBD company accused by investors of misspending funds and getting a bogus coronavirus-relief loan says the loan has been returned and that credit-card expenses challenged by disgruntled investors were for legitimate business purposes. Patrick Horsman, whose company Integrated CBD launched in Arizona but failed... Read more
Top EU court to issue final ruling on France’s CBD ban on Nov. 19
The European Union’s top court will deliver its final ruling on the Kanavape case and the legality of France’s ban on hemp-derived CBD on Nov. 19. The Court of Justice of the European Union announced the ruling date on its judicial calendar. The case, which centers on a dispute... Read more
Time running out to weigh in on DEA rule about hemp extracts
Time is running out for public comment on a proposed U.S. Drug Enforcement Administration rule that hemp industry supporters say wrongly criminalizes extracts from the plant. The comment period for the rule over the federal agency published August ends Tuesday. At issue is whether the DEA is simply updating its... Read more
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