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...
Shanghai, China—The Chinese government announced that it will impose its own tariff increases on American imports, which The New York Times called “the latest sign that neither side is prepared to back down in their trade war.” The State Council Tariff Commission in Beijing said it would impose extra tariffs...
Naperville, IL--KeHE, a B Corp, announced that it is joining in the effort to help eradicate human trafficking by partnering with Truckers Against Trafficking. Worldwide trafficking is a $32 billion industry, according to a press release by KeHE. In the U.S., nearly 170,000 people are trafficked every year in the U.S.,...
Denver and El Segundo, CA--The Simply Good Foods Company has entered into a definitive agreement to acquire Quest Nutrition, LLC, for $1.0 billion in cash, or approximately $870 million net of tax benefits, on a cash-free and debt-free basis, according to an announcement by the companies. The pairing of Atkins...
Washington, D.C.—The Natural Products Association (NPA) filed for bankruptcy protection on Monday, according to Reuters, citing six straight years of losses and a costly arbitration with former chief financial officer Brent Weickert, who holds the largest unsecured claim of a disputed $780,000 arbitration award. According to Reuters, CEO Daniel Fabricant,...
Virginia Beach, VA, and Secaucus, NJ—The Vitamin Shoppe is to be sold to Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, according to a press release. The transaction is expected to be completed in the fourth quarter of 2019, subject to approval by The...
Washington, D.C., and Beijing, China—President Trump has announced that he will impose a 10% tariff on the remaining $300 billion worth of untaxed imports from China, according to The Washington Post. These new tariffs take effect September 1. News of the new tariffs comes just a day after negotiators wrapped...
Washington, D.C.—Scott Gottlieb, M.D., resident fellow at the American Enterprise Institute and former commissioner of FDA, wrote an op-ed in The Washington Post calling on FDA to act quickly and regulate cannabidiol (CBD). Dr. Gottlieb opened the op-ed by noting that CBD is everywhere, and that the market could surpass...
Wakefield, MA--In response to a warning letter from the FDA stating that Curaleaf Hemp was “illegally selling unapproved products containing cannabidiol (CBD) online with unsubstantiated claims that the products treat cancer, Alzheimer’s disease, opioid withdrawal, pain and pet anxiety, among other conditions or diseases," Curaleaf Holdings announced that it been...
Tallahassee/Fort Lauderdale, FL--Representatives from Blue Moon Hemp, Blume Hemp, Evello Global, Evio Labs, GenCanna Global, Green Roads, Mission Lago Farms, Natural Life and Veritas Farms have joined forces to form the Florida Hemp Council (FLHC), a working group of farmers, processors, manufacturers, wholesalers, retailers and professionals dedicated to the future...
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