2022 US hemp harvest projected to shrink by nearly half of last year’s
This year’s U.S. hemp harvest is expected to shrink by 46% compared to 2021, according to commodity exchange PanXchange.
Charlotte’s Web, Tilray sign Canadian manufacturing, distribution deal for CBD
Canadian cannabis producer Tilray Brands and Charlotte’s Web Holdings entered a “strategic alliance” to license, manufacture and distribute the Colorado-based manufacturer’s hemp-derived CBD products in Canada.
Hemp product manufacturer Bloomios acquires gummy maker for $23.5 million
California-based Bloomios, a white-label and private-label hemp product manufacturer, acquired gummy maker Infusionz for $23.5 million.
How Biden’s rescheduling of marijuana could affect the US industry
After a half-century in which marijuana endured the strictest prohibition allowed under the law, President Joe Biden has set in motion a process that could lead to revolutionary changes for federal MJ policy.
CBD company Charlotte’s Web signs distribution deal with liquor giant
Hemp-derived CBD product maker Charlotte’s Web Holdings signed a distribution agreement with major liquor distributor Southern Glazer’s Wine & Spirits.
Wisconsin tribal CBD company launches group to support Indigenous businesses
The owner of Wisconsin’s first Native American cannabis company is launching a nonprofit organization to support Indigenous entrepreneurs who want to enter the industry.
Real Brands to acquire white-label CBD producer Boulder Botanical for $12M
CBD wellness product company Real Brands struck a $12 million deal to acquire Boulder Botanical & Bioscience Laboratories, a manufacturer of white-label herbal supplements and CBD products, from Frankens Investment Fund.
