Tags Hemp Industry Daily

Hemp Industry Daily

Soured CBD deal highlights need for ‘persnickety’ due diligence

8/23/18--A tantalizing innovation in the CBD market has turned into a nasty contract dispute that spans the globe. Bomi Joseph, a California plant breeder, is suing CBD Naturals, a company that has been associated with Canadian CBD manufacturer Isodiol. Isodiol once held distribution rights to Joseph’s self-proclaimed innovation – a cannabidiol product derived from a hops variant. Read

Wyoming threats force Kroger affiliate, another local grocer to pull CBD products

8/3/18--Boulder, Colorado-based Lucky’s Market, a company that partners with Cincinnati-based Kroger and Jackson Whole Grocer & Cafe, took the CBD off their shelves in Jackson Hole after they were threatened with criminal penalties if they continued selling them. The Wyoming Division of Criminal Investigation told the stores the products were illegal, and state regulators argued that some of the products tested positive for THC, marijuana’s intoxicating cannabinoid. Read

Colorado company changing name to add ‘hemp,’ remove ‘pot’

7/3/18--PotNetwork Holdings, a Colorado CBD maker, is changing its name to to BioTech Hemp to take the word “pot” out of its title and add “hemp.” The company, which owns the brand Diamond CBD, said the change “underscores the company’s strengthening identity as a dominant player in the CBD industry.” Read

Charlotte’s Web’s secrets revealed as parent company plans to go public in Canada

6/29/18--Stanley Brothers Holdings plans to go public in Canada, the latest in a growing list of U.S. businesses looking north of the border to raise capital. The firm is the parent company of CW Hemp, the manufacturer of Charlotte’s Web CBD products, that was catapulted into the media spotlight in 2013 when it was featured in the CNN documentary “Weed.” According to the firm’s preliminary prospectus Stanley Brothers, the company has been steadily posting an annual profit since 2016. Read

Hot ink: CBD makers hoping tattoo-care products will open new $1.6 billion market

3/6/18--A growing number of hemp companies are launching products aimed at the tattoo industry, from CBD patches marketed as pain relief to balms and creams designed to speed recovery, to expand their retail opportunities. The trend comes as CBD producers look for non-marijuana retail opportunities amid ongoing legal uncertainty about cannabis’ legal status. Read

Hemp company launches first cannabis line aimed at minorities

2/27/18--The Hemp Excellence is making the cannabis industry’s first play for consumers of color with a line of beauty products aimed at ethnic minorities. The company's line of body lotions, lip balms, and CBD capsules went on sale this month at two beauty shops that cater to women of color in Winston-Salem, North Carolina. The maker of the line, Founder’s Hemp of Asheboro, North Carolina, is in talks to expand Hemp Excellence distribution to South Africa, Ghana, Bolivia and other countries. Read

Trump administration cautions against hemp expansion

2/21/18--The Trump administration doesn’t want to see hemp expanded nationwide in the next Farm Bill because of concerns about overproduction, according to an official. Greg Ibach, undersecretary for the U.S. Department of Agriculture, said current hemp regulations are “fairly narrow” and that the Trump administration doesn’t necessarily want to see that change when the Farm Bill is rewritten this year. Read