CBD Retail

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Alphagreen, a London-based e-commerce platform focused on CBD, has secured 1.1 million pounds ($1.5 million) of seed funding to help finance the rollout of new products and services and an expansion into the United States. According a statement released last week, participants in the seed round included: Stockholm-based Enexis AB. U.S.-based West Creek Investments. Angel
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Hemp products manufacturer Vertical Wellness Inc. has bought a candy-making company to expand its reach into the edibles market. Vertical Wellness CEO Smoke Wallin said purchasing The Organic Candy Factory, based in California, is a “perfect segue” to expand into selling gummy-bear infused CBD products, Reuters reported Wednesday. The candy company currently doesn’t make cannabis-infused
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Entrepreneurs in the young hemp industry are often still working to develop consistent processes for handling the production flow of their goods and services, from their raw components to the end product. Developing a stable framework helps companies efficiently control product quality, inventory levels, timing and expenses to quickly deliver high-quality, consistent products to the
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Aldi UK, the British arm of the German supermarket chain, has launched a house line of hempseed oil skincare products, joining the ranks of grocers carrying hemp and incorporating it in store-brand products. The retailer’s Lacura line of products, which includes a body butter, hand cream and “CBD Facial Serum,” were made available on shelves
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Hemp-derived CBD supplement maker Elixinol shed half of its global workforce and shuttered production lines in the first half of this year in response to market decline stemming from the global COVID-19 pandemic. Now the Australian company is looking to leverage a leaner operation and focus on its core CBD brands for future success. Talking
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Supermarket trolley with marijuana leafs and medical cannabis oil cbd Consumers are already going gangbusters for CBD in every formulation imaginable. But the current use rate for hemp-CBD products isn’t even close to what it could be when the industry sees federal regulation, which would open up mainstream manufacturing and retail markets even further. For
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Colorado-based Pet Releaf, maker of CBD products for pets, has named Rod Millott as its new chief financial officer. The position was newly created as the company experiences “momentous growth,” said Stephen Smith, Pet Releaf co-founder and president. “We are thrilled to welcome Rod to the Pet Releaf team and are confident he will make
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Time is running out for public comment on a proposed U.S. Drug Enforcement Administration rule that hemp industry supporters say wrongly criminalizes extracts from the plant. The comment period for the rule over the federal agency published August ends Tuesday. At issue is whether the DEA is simply updating its policies to comply with the 2018 Farm Bill,
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CBD has already changed the game for makers of dietary supplements and beauty products. Now hemp-derived CBD has the opportunity and momentum to do the same for the enormous pets market. Two-thirds of American households currently have pets, and according to data from market analytics giant Nielsen Global Connect, hemp-CBD consumers are 10% more likely
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(This story appears in the October issue of Marijuana Business Magazine. It has been updated to correct the number of Vertosa employees.) Many businesses are being challenged to advance racial diversity and social equity in their communities—and cannabis companies are no exception. Diverse staffing should be part of the hemp industry’s holistic approach to corporate
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A longer version of this story appears on Marijuana Business Daily International. A new prescription CBD product is available in Peru, another sign the market is moving in the right direction. Toronto-headquartered Khiron Life Sciences, a company with its main operations in Colombia, said it became the “first company to sell and fill medical cannabis
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(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Larry and Jackie Berg are co-founders of CBD Marketing Hub, a digital-to-door agency focused on CBD marketing.) This year’s holiday sales season will linger longer and come with more consumer expectations than ever. While holiday shopping
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A subsidiary of Nestlé, the world’s largest food and beverage company, has started producing and selling CBD softgels in Europe. Nestlé Health Science partnered with Geocann, a cannabis-product manufacturer headquartered in Fort Collins, Colorado, to launch broad-spectrum CBD softgel formulations with a special droplet delivery system known as VESIsorb. The first large-scale batch of the
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Great Britain has rejected the European Commission’s preliminary stance that hemp flower-derived CBD should be regulated as a narcotic, a key food safety regulator in the United Kingdom says. Paul Tossel, who leads the Novel Foods authorities at London’s Food Standards Agency, said Tuesday that although British authorities continue to mirror requirements set out by