CBD

Global cannabis sales continue to grow during pandemic

Global cannabis sales continue to grow during pandemic

BOULDER, Colo. – Global cannabis sales for 2020 will reach $19.7 billion, an increase of 38% over 2019 sales of $14.8 billion—even reflecting the impact of the COVID-19 pandemic—according to updated market forecasts published by BDSA (formerly BDS Analytics), the leader in comprehensive, accurate and actionable cannabis market intelligence and consumer research. Over the longer term, BDSA predicts global cannabis

NGA supports regulating CBD as a dietary supplement

NGA supports regulating CBD as a dietary supplement

ARLINGTON, Va. —  The National Grocers Association (NGA), the trade association representing the independent supermarket industry, offered support for bipartisan legislation that would allow hemp-derived cannabidiol (CBD) to be regulated as dietary supplements. Introduced Sept. 4, the Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2020 (H.R. 8179) is sponsored by U.S. Reps.

Supplement and Hemp Industry Associations applaud bipartisan legislation to regulate hemp-derived CBD

Supplement and Hemp Industry Associations applaud bipartisan legislation to regulate hemp-derived CBD

WASHINGTON – The four leading dietary supplement industry associations applaud Representative Kurt Schrader (D, Ore.) and Representative Morgan Griffith (R,Va.), for introducing bipartisan legislation that would protect public health by providing legal clarity in the cannabidiol (CBD) product marketplace. The Hemp and Hemp derived CBD Consumer Protection and Market Stabilization Act of 2020 directs the

CBD supplier Kadenwood acquires EcoGen Laboratories

CBD supplier Kadenwood acquires EcoGen Laboratories

NEWPORT BEACH, Calif. — Kadenwood announced  the acquisition of EcoGen Laboratories, the leading global manufacturer and supplier of hemp-derived CBD materials and formulations. The deal effectively establishes Kadenwood as the largest supplier of vertically-integrated, hemp-derived cannabidiol (CBD) in the U.S,. expanding the company’s ability to scale production of its quality-driven CBD products. EcoGen is the

E.T. Browne launches Palmer’s Hemp Oil Body Care collection

E.T. Browne launches Palmer’s Hemp Oil Body Care collection

ENGLEWOOD CLIFFS, N.J. — E.T. Browne Drug Co. has launched Palmer’s Hemp Oil Body Care collection. Leveraging the healing power of nature, this range is crafted with 100% natural Hemp Seed Oil, Cocoa Butter and Vitamin E, and ethically & sustainably sourced ingredients that calm, soothe and hydrate all skin types. Hypoallergenic and dermatologist-tested, the

Charlotte’s Web partners with street vet Dr. Kwane Stewart

Charlotte’s Web partners with street vet Dr. Kwane Stewart

BOULDER, COLO. — Charlotte’s Web announced Wednesday a new partnership with Dr. Kwane Stewart, known to many as ‘The Street Veterinarian’ based on his history of compassionate activism providing pro bono healthcare to pets of the homeless. The 22-year practicing veterinarian now serves as Charlotte’s Web’s official spokesperson for its popular line of hemp-derived CBD

CRN files citizen petition calling on FDA to regulate CBD as a legal dietary supplement

CRN files citizen petition calling on FDA to regulate CBD as a legal dietary supplement

WASHINGTON  — The Council for Responsible Nutrition (CRN) yesterday submitted a Citizen’s Petition to the U.S. Food and Drug Administration (FDA), requesting that the agency establish a regulatory pathway to legally market dietary supplements containing hemp-derived cannabidiol (CBD). CRN’s petition once again formally calls on FDA to take action, and to exercise the statutory discretion provided

73 million Americans likely to purchase CBD before year’s end

73 million Americans likely to purchase CBD before year’s end

WASHINGTON — The Hemp Business Journal, the hemp division of New Frontier Data, the global authority in data, analytics and business intelligence on the cannabis industry, releases the U.S. Hemp Market Report: Cannabinoids Edition, Volume 1. It is being released ahead of its new free Hemp Cannabinoid Webinar Series, the first in New Frontier Data’s multi-episode hemp webinar

Perrigo partners with Kazmira to enter CBD market

Perrigo partners with Kazmira to enter CBD market

DUBLIN — Perrigo has entered into the CBD market through a strategic investment in and long-term supply agreement with Kazmira, a leading supplier of hemp-based CBD products free of tetrahydrocannabinol (“THC-free”) based in Watkins, Colorado. The fast-growing and rapidly evolving CBD market is emerging organically in response to changing consumer preferences for natural remedies and

BIOTONE expands CBD pain relief lineup

BIOTONE expands CBD pain relief lineup

SAN DIEGO, Calif. – BIOTONE announcd that it has expanded its Lab+Blends line of solution-based CBD products with the introduction of three new items – an eczema relief cream and a pair of topical products formulated to help relieve muscle pain and joint pain. The company also announced price reductions on all Lab+Blends products, citing

HempFusion donates to frontline heroes in New York City

HempFusion donates to frontline heroes in New York City

DENVER — HempFusion announced a partnership with Verdant Oasis, the donation of 1,000 bottles of HempFusion’s Stress CBD Capsules formulated with ashwagandha, a unique botanical scientifically studied to support the body during occasional stress to front line workers in New York City. “This idea was originally inspired by the CEO of Verdant Oasis, Beata Jedrzewska, by asking

Elixinol names Siciliano new CEO

Elixinol names Siciliano new CEO

WESTMINSTER, Colo.  ─ Elixinol announced it has named Tom Siciliano as the organization’s new CEO Americas effective immediately. Siciliano is charged with leading Elixinol’s refined strategy on hemp derived CBD in the Americas region. “We are delighted to appoint a leader with Tom’s strategic, financial, operational and sales experience,” said Stratos Karousos, Elixinol Group CEO. “Elixinol, like

Charlotte’s Web to acquire Abacus Health Products

Charlotte’s Web to acquire Abacus Health Products

BOULDER, Colo. — Charlotte’s Web and Abacus Health Products have entered into a definitive arrangement agreement where Charlotte’s Web will acquire Abacus. This acquisition will combine Charlotte’s Web, the market leader in hemp-derived CBD wellness products, with Abacus, the market leader in over-the-counter topical products combining active pharmaceutical ingredients with hemp extract, to create the