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Tobacco company invests $15 million to bring LA cannabis line to THC-free markets

A Kentucky tobacco company is deploying $15 million to a Los Angeles marijuana vape company that plans to expand its footprint by building out a line of THC-free CBD products.

Tobacco company invests $15 million to bring LA cannabis line to THC-free markets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs California Hemp Business & Legal News CBD Products & CBD Business News

Pet Releaf names Papa & Barkley executive as new CFO

Colorado-based Pet Releaf, maker of CBD products for pets, has named Rod Millott as its new chief financial officer. The position was newly created as the company experiences “momentous growth,” said Stephen Smith, Pet Releaf co-founder and president. “We are thrilled to welcome Rod to the Pet Releaf team and are confident he will make […]

Pet Releaf names Papa & Barkley executive as new CFO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

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.

Upscale CBD retailer flexes into UK with distribution in British department store, UK website is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News Featured Hemp Cultivation

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 its regulations with hemp legalization under […]

What they’re saying: 7 takeaways from the contentious DEA rule on hemp extracts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

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 policies to comply with the 2018 Farm Bill, […]

Time running out to weigh in on DEA rule about hemp extracts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Drug Enforcement Administration

HIA, CBD maker, file another legal action against DEA over hemp extracts

The Hemp Industries Association and a South Carolina CBD manufacturer are asking a second federal court to prevent the U.S. Drug Enforcement Administration from criminalizing hemp extracts.

HIA, CBD maker, file another legal action against DEA over hemp extracts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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American Pet Products Association cbd for pets CBD Products & CBD Business News

Exclusive: Hemp-derived CBD market for pets worth $60 million in 2020, with threefold growth projected

CBD has already changed the game for makers of dietary supplements and beauty products. Now hemp-derived CBD has the opportunity and momentum to do the same for the enormous pets market. Two-thirds of American households currently have pets, and according to data from market analytics giant Nielsen Global Connect, hemp-CBD consumers are 10% more likely […]

Exclusive: Hemp-derived CBD market for pets worth $60 million in 2020, with threefold growth projected is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Arizona Hemp Business & Legal News CBD Products & CBD Business News Featured

Investors accuse CBD executives of scamming investors, getting bogus PPP loan

A CBD company in Arizona is accused of bilking investors of millions of dollars and getting an emergency pandemic-relief loan while the business owners used the money to buy a private jet and fund other lavish expenses. Integrated CBD (ICBD) got as much as $350,000 earlier this year through the U.S. Paycheck Protection Program (PPP) […]

Investors accuse CBD executives of scamming investors, getting bogus PPP loan is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Cannabis Doing Good CBD Products & CBD Business News CBD Retail

Best practices for hemp firms to recruit – and retain – diverse talent

(This story appears in the October issue of Marijuana Business Magazine. It has been updated to correct the number of Vertosa employees.) Many businesses are being challenged to advance racial diversity and social equity in their communities—and cannabis companies are no exception. Diverse staffing should be part of the hemp industry’s holistic approach to corporate […]

Best practices for hemp firms to recruit – and retain – diverse talent is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Company News

The Body Shop launches three CBD skincare products in the U.K., U.S.

The Body Shop, an international producer and retailer of cosmetics, skin care and hair products based in the U.K., has launched three CBD skincare products for retail sales in the United States and the U.K.

The Body Shop launches three CBD skincare products in the U.K., U.S. is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs California Hemp Business & Legal News CBD Products & CBD Business News

California pharma company wraps up purchase of CBD beauty, pet brand

A drug delivery and development company in California said Thursday it has wrapped an agreement to acquire a CBD beauty, wellness and pet product maker for $20 million.

California pharma company wraps up purchase of CBD beauty, pet brand is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs California Hemp Business & Legal News CBD Products & CBD Business News

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 inks national distribution deals for CBD topicals, tinctures is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail Charts

Exclusive: Tobacco consumers more likely to convert to smokable hemp in coming year

Entrepreneurs in the smokable hemp sector have reason to hope that tobacco consumers may convert at least partially to hemp products within the next year. That’s because 29% of cigarette and cigar users have indicated they are willing to try these products, according to research by Nielsen Global Connect, which was highlighted in Hemp Industry […]

Exclusive: Tobacco consumers more likely to convert to smokable hemp in coming year is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail EU novel food

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 regulated as a narcotic, a key food safety regulator in the UK says.

UK food regulators reject CBD as narcotic, stand by novel food deadline is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail Featured

Reputation, revenue at stake as Brazil weighs legalization of cannabis cultivation

Brazil has fast-tracked a draft law that would legalize the cultivation of medicinal cannabis and industrial hemp, and the stakes are high. South America’s largest economy leads the world in several commodities markets, and some politicians say its farmers are keen to expand into hemp. Several other Latin American countries – Uruguay and Paraguay in […]

Reputation, revenue at stake as Brazil weighs legalization of cannabis cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD CBD Products & CBD Business News

German CBD maker secures undisclosed investment after €5 million valuation

A German CBD extractor has secured funding of an undisclosed amount from an independent investor in Hamburg who valued the company at €5 million ($5.9 million). Signature Products GmbH did not disclose the size of the investment but said in a statement that the investor’s appraisal makes it the youngest cannabis startup with the highest […]

German CBD maker secures undisclosed investment after €5 million valuation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

NY hemp producers want Cuomo to issue rules for extracts before temp regulations expire

New York hemp growers and processors want Gov. Andrew Cuomo to issue guidelines from a bill last year to regulate the sale of extracts from the plant, like CBD, before 2014 Farm Bill pilot provisions expire on Oct. 31.

NY hemp producers want Cuomo to issue rules for extracts before temp regulations expire is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail Company News

As CBD virtual launches become new normal, cannabis industry players offer best practices

Looking to educate and innovate without in-person events, hemp and marijuana companies are turning to virtual platforms for everything from trade conferences and product launches to consumer education and staff training. Spaces that facilitate an exchange of ideas, opportunities for networking and customer engagement remain in demand, even as the world navigates the tumultuous conditions […]

As CBD virtual launches become new normal, cannabis industry players offer best practices is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Canada Hemp News CBD Products & CBD Business News

Report: CBD could spark booming market in Canada if it’s legalized for health products

CBD has " significant potential for growth" in Canada if the government were to allow the cannabinoid in natural health products, a think-tank predicts.

Report: CBD could spark booming market in Canada if it’s legalized for health products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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cbd extraction CBD Products & CBD Business News Drug Enforcement Administration

Hemp industry worries DEA rule puts extractors at risk, but path forward unclear

U.S. hemp producers are alarmed about a Drug Enforcement Administration rule that they argue would make extracts a Schedule 1 controlled substance during a portion of the extraction process when the plant’s THC levels spike above what’s allowed. The rule released last month has the industry reeling and wondering what steps to take to ensure […]

Hemp industry worries DEA rule puts extractors at risk, but path forward unclear is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News Featured Hemp Industry News for Hemp & CBD Retailers

Exclusive: Smokable hemp market worth up to $80 million for 2020, with five-fold growth predicted

Hemp operators say smokable hemp is one of the fastest-growing and most lucrative segments in the nascent hemp and CBD industry – and market analysts agree, with expectations that the market will experience five-fold growth in the next five years.

Exclusive: Smokable hemp market worth up to $80 million for 2020, with five-fold growth predicted is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

German hemp wholesaler sues city of Düsseldorf over CBD sales ban

Hempro International, a producer and wholesaler of hemp-derived food, clothing, accessories and cosmetics in western Germany, has filed suit against the city of Düsseldorf for its ban on the sale of hemp-derived CBD food products. The city of Düsseldorf published an announcement in July in its official gazette prohibiting the sale of cannabidiol-containing foods anywhere […]

German hemp wholesaler sues city of Düsseldorf over CBD sales ban is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

Vermont CBD retailer accused of bilking hemp farmers of at least $150,000

The owner of a CBD store in Vermont has Douglas Bell, the owner of CBD-Vermont in Waterbury, pleaded not guilty to seven felony counts of theft of service, two felony counts of false pretenses, two misdemeanor counts of writing a bad check and a misdemeanor count of petty larceny and a misdemeanor count of false […]

Vermont CBD retailer accused of bilking hemp farmers of at least $150,000 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail Featured

US Senator: Legislation possible if industry dislikes FDA rules for CBD

An Oregon legislator instrumental in legalizing hemp in 2018 says Congress can always create laws to regulate CBD if the industry isn’t happy with the rules from the U.S. Food and Drug Administration. Sen. Ron Wyden, a Democrat, blamed the FDA for stifling the growth of the CBD market during a speech Thursday to the […]

US Senator: Legislation possible if industry dislikes FDA rules for CBD is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

French groups warn of ‘dramatic repercussions’ for hemp if CBD declared narcotic

A quartet of French industry groups has criticized the European Commission’s preliminary view that CBD should be regulated as a narcotic, warning that producers, manufacturers and consumers would all face “dramatic repercussions” if the stance is made official. Syndicat Professionnel du Chanvre, an association of cannabis producers, processors and distributors in France, joined three other […]

French groups warn of ‘dramatic repercussions’ for hemp if CBD declared narcotic is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

Colorado extractor closes UK distribution deal with groceries wholesaler

Colorado-based CBD extractor and private-label supplier Mile High Labs has entered a distribution deal with a subsidiary of a major UK convenience store group for its own consumer brand. The distribution agreement for Mile High’s CBD brand Mellow Greens was struck with Nisa Retail, which is owned by The Co-operative Group. Eleven of the brand’s […]

Colorado extractor closes UK distribution deal with groceries wholesaler is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD American Shaman CBD Products & CBD Business News

American Shaman opens CBD store inside chain supermarket

CBD maker and retailer American Shaman has opened a retail store inside a grocery store in Missouri, where the company is based. The company said the 550-square-foot store opened at the start of August inside a Kansas City’s Ball’s Price Chopper and will be staffed by Shaman employees. American Shaman claims in a news release […]

American Shaman opens CBD store inside chain supermarket is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News CBD Retail

Massachusetts judge delays CBD lawsuit pending FDA rules

A Massachusetts federal judge ruled that another lawsuit against a CBD-maker alleging incorrect labeling will be delayed, “pending forthcoming FDA regulations on the products at issue.” Judge Allison D. Burroughs issued the ruling Tuesday, saying she was granting the defendant, Global Widget LLC., a request to stay the case. She denied their appeal to dismiss […]

Massachusetts judge delays CBD lawsuit pending FDA rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Austria CBD Products & CBD Business News CBD Retail

The consequences of labeling CBD as a narcotic: Q&A with German lawyer Kai-Friedrich Niermann

With a potential blanket ban on CBD in food looming on the horizon, the impact of recent regulations in Austria offer a hint at how Europe's CBD industry could react to the narcotic label.

The consequences of labeling CBD as a narcotic: Q&A with German lawyer Kai-Friedrich Niermann is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail FDA

Hemp insiders brace for FDA’s CBD enforcement policy

Hemp and CBD leaders told Hemp Industry Daily what they hope to see in the FDA’s Enforcement Policy draft guidance, when the industry will likely get to see that document and what will happen to the industry if FDA regulatory guidance on CBD doesn’t come soon. (Click on the orange arrows to advance the slideshow.)

Hemp insiders brace for FDA’s CBD enforcement policy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Brightfield Group California Hemp Business & Legal News CBD Products & CBD Business News

CBD prices are falling as companies seek new consumers. Is that a good thing?

CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19.

CBD prices are falling as companies seek new consumers. Is that a good thing? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs California Hemp Business & Legal News CBD Products & CBD Business News

CV Sciences reports revenue decline for second straight quarter

CV Sciences Inc., a San Diego-based CBD manufacturer, reported $5.4 million in revenue for the fiscal quarter that ended June 30 - a massive drop from the $16.9 million it reported during the same period in 2019.

CV Sciences reports revenue decline for second straight quarter is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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1937 Apothecary America Juice Co. CBD Products & CBD Business News

Texas businesses file lawsuit against state for smokable hemp ban

Hemp manufacturers retailers in Texas filed a lawsuit on Wednesday, challenging the Texas health department on its recently enacted ban on selling smokable hemp products.

Texas businesses file lawsuit against state for smokable hemp ban is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Arizona Hemp Business & Legal News Briefs CBD Products & CBD Business News

Colorado CBD maker inks distribution deal with multistate golf course management company

A Colorado hemp and CBD company with a special focus on tapping customers who golf has settled a distribution partnership with a large golf-club management and marketing company to expand the brand's reach in the sector.

Colorado CBD maker inks distribution deal with multistate golf course management company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Brightfield Group CBD Products & CBD Business News Charts

Chart: 2020 an ‘extinction event’ for thousands of CBD companies, but industry remains crowded

Thousands of CBD companies in the United States will likely shutter in 2020 - but the CBD market will remain flooded with some 1,500 brands jostling for market share.

Chart: 2020 an ‘extinction event’ for thousands of CBD companies, but industry remains crowded is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD CBD Products & CBD Business News

Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers

Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally taxed as a tobacco substitute. CBD sellers in Switzerland had taken legal action to protest the 25% sales tax imposed on their goods as tobacco substitutes, according to a […]

Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Industry News for Hemp & CBD Retailers

FDA reissues post on recall of lead-contaminated CBD oil from Florida manufacturer

The U.S. Food and Drug Administration has updated a post on its website to spread the word about a Florida company that recalled a batch of CBD oil after a state agency tested the product and found that it contained dangerous levels of lead.

FDA reissues post on recall of lead-contaminated CBD oil from Florida manufacturer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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