CBD and Hemp

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House passes CBD banking bill

By Hank Schultz

A bill that will allow companies selling CBD products to access banking services has been approved by the US House of Representatives.

60-second interview: Lifeway Foods gears up for entry into CBD market

60-second interview: Lifeway Foods gears up for entry into CBD market

By Elaine Watson

After several years of strong growth driven by its core kefir business, Lifeway Foods’ revenues have plateaued at around the $120m market in recent years, while sales in the latest quarter were down 14% YoY. However, a new line of plant-based functional...

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News in brief

Sen McConnell pushes FDA to clear path for hemp-derived CBD products

By Elaine Watson

Senate Majority Leader Mitch McConnell has introduced language into a congressional spending report that would require the FDA to issue formal enforcement discretion on the sale of hemp-derived CBD products within 120 days, clearing a path for the lawful...

Weller closes $3m funding round pushing CBD into the mainstream

Weller closes $3m funding round pushing CBD into the mainstream

By Mary Ellen Shoup

CBD snack and beverage brand Weller has raised $3m in a funding round led by venture capital firm Brand Foundry Partners, which the company will put towards scaling up production and increasing marketing efforts to meet high consumer demand.

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Colorado convenes advisory panel on hemp production

By Hank Schultz

Colorado has convened a commission to formulate an agricultural plan for the cultivation of industrial hemp in the state. A longtime supplement and natural foods industry consultant is among the participants.

Thrive Market: 'We will be working behind the scenes in the coming weeks to get hemp products back on Thrive Market' (Picture: Thrive Market)

Thrive Market halts sales of hemp-derived CBD products

By Elaine Watson

Natural products online marketplace Thrive Market has temporarily halted sales of hemp-derived CBD products after its merchant processor demanded it cease selling them amid uncertainty over their legal status, but says it is in conversations with a new...

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News in brief

UNPA signs MOU with the Hemp Industries Association

By Stephen Daniells

The United Natural Products Alliance (UNPA) has signed a memorandum of understanding (MOU) with the Phoenix-based Hemp Industries Association (HIA). The agreement is an effort to advance hemp extract product research, safety, identity and quality standards.

Layn Corp to invest $60m in building US CBD operation

Layn Corp to invest $60m in building US CBD operation

By Elaine Watson

Layn Corp – best known for its stevia, monk fruit, and botanical ingredients - is making a significant bet on hemp-derived CBD, announcing plans to invest around $60m to build a US facility capable of processing a minimum of 5,000 tons of hemp biomass...

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New mouse study finds level of liver toxicity for CBD

By Hank Schultz

A study published recently has found a level of liver toxicity for CBD, putting up a big caveat to the notion within the hemp/CBD world that its products have nothing in the way of safety concerns.

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BBB Labs launches quality assurance seal for its hemp extracts

By Elaine Watson

We’re no longer in the ‘Wild West’ when it comes to hemp-derived CBD, but buyers can still get burned if they don’t do their homework, says Colorado-based BBB Labs, which has launched a quality assurance seal for its hemp extracts to reassure partners...

Symrise makes investment in US-based beverage innovation firm

NEWS IN BRIEF

Symrise and CBD firm embark on next wave of beverage innovation

By Mary Ellen Shoup

Symrise and The Green Organic Dutchman (TGOD) are expanding their beverage innovation capabilities with an investment in Califormulations, a US beverage innovation company that works with a number of beverage companies and brands in the US market.

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