CBD

By Samuel J. Scheurich, Hoban Law Group To professionals having recently entered the industry space for legalized cannabis and hemp, the adjustment from the types of commercial issues encountered while working for a large mainstream corporation can be an abrupt, if not outright dramatic, switch. As...

By William Sumner, Hemp Business Journal Contributor Hemp has undergone a renaissance over the past several years, driven primarily by its industrial uses and high concentrations of cannabidiol (CBD). Featuring a host of purported medical benefits yet none of the intoxicating effects...

Passage of the 2018 Farm Bill sparked both sharp nationwide increases in licensing and explosive sales growth for 2019. The issuance of U.S. hemp-cultivation licenses saw a year-over-year, nationwide increase of 364% (from 3,546 in 2018 to 16,462 in 2019). Small family farms' entry to the...

By Giadha Aguirre de Carcer and JJ McCoy, New Frontier Data Last week, Altria Group and Philip Morris International (PMI) announced being in discussions for a potential all-stock “merger of equals,” signifying a combined $210 billion deal with impacts for one of the Canadian cannabis...

GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH)'s CBD drug Epidiolex, which treats epilepsy, has been deemed too expensive by the U.K.’s National Health Service, according to an iNEWS report. Epidiolex has been shown to be effective in limiting seizures in children...

By William Sumner, Hemp Business Journal Contributor Hemp Business Journal has been monitoring a growing number of privately held hemp companies making significant increases in sales across the online and mass-market channels. One company that has stood out in such research is...

While much has been reported about cannabis oversupply in Oregon, Colorado has also seen (lesser) price declines. As Oregon saw a 64% decline in wholesale prices from October 2016 to March 2019, Colorado experienced a 60% drop from January 2015 to April 2019. The downward slides in wholesale...

By Sean Octavius Murphy, Founder, Hemp Business Journal Hemp Business Journal has been tracking Palmetto Harmony since its founding in 2015, and last year projected the Conway, S.C.-based outfit as a company to watch among those analyzed in The CBD Report. Given its developmental trajectory, the...

Canadian cannabis company Aurora Cannabis Inc (NYSE: ACB) announced Monday that its acquisition of Hempco Food and Fiber Inc. has closed at a valuation of around CA$63.4 million ($47.4 million).  What Happened Aurora announced in April that it would acquire the remaining interest in the...

Hemp-derived CBD products manufacturer Craft 1861 said on Thursday it has established a venture with the World Boxing Council. Both parties will work together on research for CBD use in the recovery process and will develop a line of products. What Happened The venture will include research to...

CBD oil maker cbdMD Inc (NYSE: YCBD) reported third-quarter net sales of more than $8 million on Wednesday — a 42% quarter-over-quarter increase. The company lost $8.26 million in the quarter and attributed $2.1 million of that loss to a non-cash impairment charge of intangible assets tied to...

Charlotte’s Web Holdings, Inc. (OTC: CWBHF) reported 45% year-over-year second-quarter revenue growth Wednesday. Gross margins for the quarter were 75.3%, with $18.8 million in gross profits. The whole-plant CBD brand named several business highlights in the report, including Charlotte...

  Q: For anyone who missed last week's webinar, "Are Your Numbers In Order? Preparing Your Cannabis Business for Turbulent Times Ahead", can you summarize what was shared? A: Though we have seen considerable growth and increased legitimacy in the legal cannabis industry, many...

By J.J. McCoy, Senior Managing Editor, New Frontier Data For the first time in five years of Colorado's coexisting, legalized adult-use and medical cannabis markets, recreational sales more than doubled medical sales in 2018, according to state regulators' figures. Colorado rolled out its...

By William Sumner, Hemp Business Journal Contributor As hemp companies and foreign investors seek new global markets for establishing operations, one region in particular resides relatively untapped. In terms of natural resources, Africa is one of the most abundant locales in the world, and...