Rockville, MD—U.S. retail sales of cannabis and cannabidiol (CBD) products reached $14 billion in 2019, and are on pace to increase 18% per year to $33 billion in 2024, according to data published in a new report from Packaged Facts titled Cannabis and CBD: U.S. Retail Market Trends and Opportunities.
Silver Spring, MD—The U.S. Food and Drug Administration (FDA) announced that warning letters were issued to 15 companies for illegally selling products containing cannabidiol (CBD) in ways that violate the Federal Food, Drug, and Cosmetic Act (FD&C Act). The 15 companies that received warning letters (with links to the letters):...
Jensen Beach, FL—Curaleaf Holdings opened its 27th dispensary in Florida on Friday, November 15, according to a press release, as part of its strategy of rapid expansion in Florida. The new 4,500 square foot dispensary is located at 3631 NW Federal Highway in Jensen Beach, and is accessible to patients...
Silver Spring, MD—FDA and FTC posted a joint warning letter to Rooted Apothecary LLC for illegally selling unapproved products containing cannabidiol (CBD) online with claims that the products treat teething pain and ear aches in infants, autism, attention-deficit/hyperactivity disorder, Parkinson’s, and Alzheimer’s disease, as well as other conditions or diseases.
Laval, QC, Canada—Neptune Wellness Solutions is moving forward with its hemp extract business—in one press release, it announced that its Sherbrooke, Quebec facility is now producing hemp extracts, and in another, it announced that it is going to provide hemp extraction services to a U.S.-based farming services operation. The cannabis...
Washington, D.C.—The National Cannabis Industry Association (NCIA) delivered a letter to both chambers of Congress urging sensible and timely federal action in response to increasing illnesses tied to illicit market vape cartridge products, according to a press release. The letter—signed by business leaders, advocates, and policy experts—asks lawmakers to work...
Continuing our talk with Elan M. Sudberg, CEO, Alkemist Labs, and Jesse Miller, Ph.D., Director, NSF International Applied Research Center, we take a closer look at what labs can offer. One thing that is new to many—and crucially important: Testing products that contain cannabis-derived phytocannabinoids. “Quickly growing and capturing much...
San Fransisco, CA-- “The Father of Cannabis Research" Raphael Mechoulam will be honored with a Lifetime Achievement Award and a $10,000 research grant from The Arcview Group in their first annual cannabis awards. As explained in a press release from Arcview, Mechoulam is the person responsible for isolating cannabinoids, which led...
Washington, D.C.--The Federal Trade Commission announced that, as part of its regular monitoring of health-related advertising claims, it sent warning letters to three companies that sell oils, tinctures, capsules, gummies, and creams containing cannabidiol (CBD) from cannabis. The FTC did not identifying the three companies publicly, but said the letters...
Hawaii—More than half the hemp crops cultivated in Hawaii this past year had to be destroyed due to high THC levels, according to Hawaii Public Radio (HPR). The state Department of Agriculture granted waivers to four crops that tested slightly above the limit, allowing the plants to be used as...
