Papa & Barkley inks national distribution deals for CBD topicals, tinctures
California CBD maker Papa & Barkley has expanded distribution from 20 states to 48 states thanks to new distribution deals with retailers including wellness retailer The Vitamin Shoppe. Papa & Barkley, based in Eureka, California, says the deals take its CBD retail presence from 462 retail locations to 1,034... Read more
Oregon hempseed breeder accused of stealing strain, selling it for $3.8 million
A hempseed breeder who developed a high-CBD variety is accused of wrongly selling the propietary strain to Canadian cannabis giant Canopy Growth for $3.8 million. A lawsuit filed this week in Oregon accuses Paul Smith, CEO and chief genetics officer for the former company Your Custom Genetics Holdings LLC,... Read more
UK food regulators reject CBD as narcotic, stand by novel food deadline
Great Britain has rejected the European Commission’s preliminary stance that hemp flower-derived CBD should be regulated as a narcotic, a key food safety regulator in the United Kingdom says. Paul Tossel, who leads the Novel Foods authorities at London’s Food Standards Agency, said Tuesday that although British authorities continue... Read more
Veritas Farms seeking up to $6 million in stock offering
Florida CBD maker Veritas Farms is looking to raise up to $6 million to boost marketing and to expand a production and distribution facility in Colorado. The Fort Lauderdale company announced Wednesday that it will offer 8 million shares at 50 cents each to raise $4 million. The action... Read more
FDA to explore gender differences in effects of CBD, other cannabinoids
Federal health authorities want to discuss gender differences in the effects of CBD and other cannabinoids. The U.S. Food and Drug Administration’s Office of Women’s Health announced a Nov. 19 “multidisciplinary scientific conference” for medical professionals and members of the public to talk about how genders might be affected... Read more
Consumer packaged goods giant Unilever inks distribution deal with Canadian CBD maker
Neptune Wellness is partnering with consumer packaged goods giant Unilever as an import and stocking distributor and logistics partner in the U.S. and Canada. The Laval, Quebec-based extraction company and product manufacturer of health and wellness products will provide Unilever’s selling partners with products in its warehouse system in... Read more
Editor’s Notebook: Defund the Plant Police
Kristen Nichols is the editor of Hemp Industry Daily. (This column appears in the September issue of Marijuana Business Magazine.) As the United States confronts centuries of racism from authorities charged with keeping us safe, citizens are rightly debating how far we should go to reform police departments. Can they be... Read more
Swiss food giant Nestlé enters European CBD market with softgel launch
A subsidiary of Nestlé, the world’s largest food and beverage company, has started producing and selling CBD softgels in Europe. Nestlé Health Science partnered with Geocann, a cannabis-product manufacturer headquartered in Fort Collins, Colorado, to launch broad-spectrum CBD softgel formulations with a special droplet delivery system known as VESIsorb.... Read more
Canadian wellness company buys Kentucky CBD maker in latest acquisition
Thoughtful Brands, cannabis and psychedelics company in Vancouver, British Columbia, has acquired a Kentucky CBD maker in a stock-and cash deal worth CA$12 million ($9 million). Thoughtful Brands Inc. announced the execution of a deal to buy American Extraction CBD Corp., a privately held hemp grower and processor in... Read more
Despite delay, MJ legislation in Congress worth watching for hemp entrepreneurs
The delay of a U.S. House vote to make all cannabis legal regardless of the THC content is a disappointment to many in the industry – but insiders say it changes little in terms of the momentum of reform. Industry experts say the Democratic-controlled House is setting a template... Read more
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