Major German drugstore stocks CBD supplements and topicals in 2,200 stores
A German CBD oil manufacturer has launched three products at one of Germany’s main drugstore chains. CannaCare Health GmbH said its CANOBO products hit the shelves at 2,200 branches of ROSSMANN drugstore across Germany in February 2020. The products include two full-spectrum CBD nutritional supplements at concentrations of 2.75%... Read more
Work continues on Canopy Growth’s New York hemp plant despite recent closures, job cuts
A Canadian cannabis giant that shut down more than half its marijuana cultivation facilities and significantly slashed jobs last week is still moving forward with a hemp production facility in New York state. Canadian-based Canopy Growth closed two production facilities in British Columbia and laid off 500 employees there.... Read more
Idaho herbalist takes down coronavirus mention on website that sells CBD
An herbalist in Idaho who mostly sells CBD products has taken down a mention of coronavirus from her e-commerce site after a warning from federal regulators. Amy Weidner, owner of Herbal Amy in Nampa, Idaho, made no mention of coronavirus in relation to any of her CBD products. But... Read more
Cannabis firms BR Brands, Dixie to merge hemp, MJ portfolios in $43 million deal
Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, on Monday announced it will merge with Denver-based Dixie Brands in a $43 million reverse takeover. Dixie Brands is a consumer-packaged goods company and manufacturer of cannabis-infused products, including Aceso Hemp, a line of hemp-derived... Read more
Coronavirus outbreak leads to postponement of NoCo, Southern hemp expos
More hemp industry events have been postponed, including the NoCo Hemp Expo this month in Denver, after the rapid spread of the coronavirus outbreak. Originally slated for March 26-28, the expo has been rescheduled for Aug. 6-8 in the same locations in Denver, the event’s organizers said in a... Read more
Hemp industry isn’t raising expectations with new FDA chief
The nation’s top drug regulator set a new tone for the government’s stance on CBD in his first comments about the popular hemp extract. But longtime hemp entrepreneurs say they’re not raising their expectations that changes are imminent to the way the U.S. regulates hemp extracts. The newly appointed... Read more
CBD chew partnership ends in trio of lawsuits
A Nevada hemp and marijuana producer has filed a trio of lawsuits against a California cannabis chew maker over a disappointing 2018 partnership to make CBD- and THC-infused chewing pouches. The Nevada company, Solace Holdings, says Cannadips defaulted on loans worth $1.2 million through 2018 and 2019, money Solace says... Read more
CBD uncertainty in the US market prompts $112M Tilray writedown
Canadian marijuana producer Tilray is lowering the value of its U.S. CBD assets, citing delays from health regulators. Tilray executives reported a $112 million writedown of the value of its 2019 agreement with Authentic Brands Group. The two companies planned to bring CBD products to mass retail outlets, but... Read more
Coronavirus thwarts plans for SXSW, two more cannabis events
Three more cannabis-related conferences have been canceled or postponed, including this month’s massive South by Southwest (SXSW) event in Austin, Texas, because of the coronavirus outbreak. In addition to SXSW, which had a cannabis business track that included speakers from Marijuana Business Daily and Hemp Industry Daily, the American... Read more
After federal rebuke, hemp winemaker vows to keep exploring idea
A New York hemp grower whose attempt to launch a hemp wine label was blocked by federal regulators says he’s still exploring the idea. Kaelan Castetter, CEO of Castetter Sustainability Group, tells Wine Spectator that he’s not giving up on plans to sell wine infused with hemp terpenes. Castetter’s hemp... Read more
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