Ignite lost $50m in one year; auditors say survival now endangered

Written by CBD-Intel || 29th July 2020 || Business briefing |

Canada

North America

Companies

Business briefing

Canadian CBD firm Ignite lost $67m CAD last year and it could go under if it doesn’t get funding soon, auditors warned in an annual report ...

Firms restructure and recapitalise as revenues continue to decline

Written by Lorraine Mullaney || 27th July 2020 || Business briefing |

Canada

North America

United States

Companies

Business briefing

As tough market conditions continue for cannabinoid firms in the US and Canada, struggling companies are continuing to pursue a range of survival strategies ...

Zygel could still prove beneficial for Fragile X Syndrome sufferers

Written by CBD-Intel || 24th July 2020 || Business briefing |

North America

United States

Health

Science

Business briefing

A proposed new path forward and extra information presented by Zynerba Pharmaceuticals has thus far not impacted the company's stock price ...

Distribution deals show faith in future of European CBD retail

Written by Lorraine Mullaney || 22nd July 2020 || Business briefing |

Asia

Bulgaria

Colombia

Europe

Germany

Israel

Portugal

South America

Spain

Companies

Marketing and Retailing

Business briefing

Firms from Israel and South America are showing faith in the European CBD market, and its bricks-and-mortar retail, with distribution deals to place their products in a growing number of outlets ...

International interest as Malawi prepares for its first growing season

Written by CBD-Intel || 21st July 2020 || Business briefing |

Africa

Malawi

Companies

Farming

Regulation and Legislation

Business briefing

Global agricultural giant Pyxus International is among a number of international companies that have expressed interest in venturing into hemp cultivation in Malawi ...

CBD drinks company reaps the benefits of TV advertising campaign

Written by Freddie Dawson || 20th July 2020 || Business briefing |

Europe

United Kingdom

Companies

Food

Retail

Business briefing

A TV advertising campaign has significantly boosted sales for a CBD drinks company and it hopes a new listing in a high-end chain of UK supermarkets will consolidate those gains ...

Hong Kong faces serious rivals in its bid to become the Asian hub for CBD

Written by CBD-Intel || 14th July 2020 || Business briefing |

Asia

China

Hong Kong

Japan

Singapore

Thailand

Companies

Regulation and Legislation

Business briefing

It remains unclear where the hemp and CBD investment centre for Asia will develop. History and existing infrastructure would point to Hong Kong, but development there has stalled – and there are other contenders ...

New Treasury guidelines should ease firms’ access to US financial services

Written by Freddie Dawson || 13th July 2020 || Business briefing |

North America

United States

Regulation and Legislation

US federal regulation

Business briefing

Hemp companies, politicians and legal experts have welcomed guidance from US monetary regulators that should drive up the number of financial institutions servicing the sector ...

Cuts, restructuring and bankruptcies as firms navigate troubled waters

Written by Lorraine Mullaney || 8th July 2020 || Business briefing |

Canada

North America

United States

Companies

COVID-19

Business briefing

Hard-hit cannabinoid firms in the US and Canada are reassessing their market strategies, restructuring, and downsizing – in some cases with significant job cuts – as the market remains volatile ...

Corruption threat to hopes of a hemp export boom in Southern Africa

Written by CBD-Intel || 1st July 2020 || Business briefing |

Africa

Malawi

Zambia

Policy and Politics

Regulation and Legislation

Business briefing

Law enforcement and financial crimes experts in Malawi and Zambia have urged lawmakers to find ways to counter corruption before they start issuing licences to cultivate cannabis ...

Survey reveals hemp flower usage blossoming in Italy under lockdown

Written by CBD-Intel || 30th June 2020 || Business briefing |

Europe

Italy

COVID-19

Regulation and Legislation

Business briefing

Consumption of hemp flowers in Italy went up during the nationwide COVID-19 lockdown, despite their sale being illegal in the country, a survey has revealed ...

Strong online presence vital during COVID-19 crisis, CBD firm says

Written by Freddie Dawson || 29th June 2020 || Business briefing |

EU

Europe

United Kingdom

Companies

COVID-19

Marketing and Retailing

Business briefing

A strong online presence has been essential to resiliency through the COVID-19 pandemic, but many larger offline retail chains that have also focused on selling through these channels may still see a recovery ...

Sale of white label goods affected less than anticipated during COVID crisis

Written by Freddie Dawson || 29th June 2020 || Business briefing |

Europe

North America

United Kingdom

United States

Companies

COVID-19

Retail

Business briefing

The loss of conferences and expos due to COVID-19 prevention measures has not affected the sale of white label goods as much as may have been anticipated, according to companies ...

Legal row over TV advertising shows trouble CBD has in getting airtime

Written by CBD-Intel || 25th June 2020 || Business briefing |

North America

United States

Companies

Marketing and Retailing

Business briefing

In a case that illustrates difficulties a number of CBD businesses have encountered in reaching their target market, a CBD company in the US is suing a TV advertising firm, alleging deceptive trade practices and breach of contract...

Ocean Spray’s move into CBD drinks may make a path for others to follow

Written by Lorraine Mullaney || 23rd June 2020 || Business briefing |

Colorado

North America

United States

Companies

Food

Regulation and Legislation

Technology and Innovation

US federal regulation

Business briefing

A new line of sparkling CBD drinks is to be launched in the Colorado market in what may be an indication of how high-profile companies approach the CBD market during its continued period of uncertainty ...

Italians turning to CBD in place of prescription drugs, research suggests

Written by CBD-Intel || 22nd June 2020 || Business briefing |

Europe

Italy

Health

Science

Business briefing

The use of CBD-based products has reduced the consumption of prescription drugs in Italy, according to a discussion paper from an international economics think-tank ...

Access enters UK market as lowest price CBD oil

Written by Freddie Dawson || 19th June 2020 || Business briefing |

Europe

United Kingdom

Companies

Retail

Business briefing

A new CBD brand from British Cannabis is hitting the UK market at a significantly lower price point than any previously seen ...

French flavour house Robertet teams up to tackle European CBD market

Written by CBD-Intel || 17th June 2020 || Business briefing |

EU

Europe

France

Switzerland

Companies

EU regulation

Business briefing

Major French flavours and fragrance manufacturer Robertet is making its first foray into European cultivation and processing of hemp oil extracts in a joint venture with Swiss CBD and hemp producer Alponics ...

Another cannabis firm in trouble as Beleave is granted creditor protection

Written by Lorraine Mullaney || 16th June 2020 || Business briefing |

Canada

North America

Companies

COVID-19

Business briefing

Canadian grower Beleave has become the latest casualty of turbulent times in the cannabis industry ...

Red, white and blooming – High Times joins the cannabis move into CBD

Written by Lorraine Mullaney || 16th June 2020 || Business briefing |

Florida

Illinois

Michigan

North America

United States

Companies

Marketing and Retailing

Business briefing

One of the most iconic brands in the cannabis space, High Times, has entered into an agreement with Red White & Bloom (RWB) to develop cannabis-based CBD and THC products across the US ...

Is this prime time for CBD subscription models to make a mark in the market?

Written by CBD-Intel || 11th June 2020 || Business briefing |

Europe

North America

United Kingdom

United States

Companies

Health

Marketing and Retailing

Retail

Business briefing

Subscription services are a niche area of the CBD market that could benefit from the ongoing COVID-19 pandemic, providing companies with security and customers with a way to try new products without leaving home ...

How science suggests CBD could help smokers escape their addiction

Written by CBD-Intel || 10th June 2020 || Business briefing |

Health

Science

Business briefing

There is some scientific evidence that CBD could encourage smoking cessation and have significant health benefits for those struggling to give up cigarettes ...

Pharmaceutical company gets a head start in Brazil’s medical CBD market

Written by CBD-Intel || 10th June 2020 || Business briefing |

Brazil

South America

Companies

Health

Technology and Innovation

Business briefing

A CBD oil made by Brazilian drugs company Prati-Donaduzzi could become the biggest-selling cannabinoid product on the Brazilian market ...

Why cannabis companies and others are switching track towards CBD

Written by Lorraine Mullaney || 9th June 2020 || Business briefing |

Canada

North America

United States

Companies

Farming

Business briefing

Excess production space, surplus of supply, legal restrictions – and now the coronavirus crisis – have been giving the global cannabis industry a tough ride and some businesses are setting their sights on hemp-derived CBD ...

Artemis Growth Partners to expand operations with Bridge Farm purchase

Written by CBD-Intel || 6th June 2020 || Business briefing |

Europe

United Kingdom

Companies

Business briefing

Artemis Growth Partners will look to use the new purchase of a UK farming complex to feed its international CBD supply chain before potentially creating a separate CBD brand and move into medical cannabis supply ...

Brazil’s rule change is just what the doctor ordered for Canadian company

Written by Lorraine Mullaney || 5th June 2020 || Business briefing |

Brazil

Canada

Colombia

North America

South America

United States

Uruguay

Companies

COVID-19

Policy and Politics

Regulation and Legislation

Business briefing

Countries in South America are becoming increasingly important markets for CBD, as the ink dries on a deal to distribute medical cannabis products in Brazil, where a change in regulatory policy has opened up trade ...

Kathy Ireland gives CBD business another try under her own brands

Written by Freddie Dawson || 4th June 2020 || Business briefing |

North America

United States

Companies

Marketing and Retailing

Business briefing

Former supermodel Kathy Ireland looks set to finally launch a range of CBD products after two prior relationships never developed beyond the prototype and testing phase ...

Aurora looks to US market with $40m Reliva deal after selling off assets

Written by Lorraine Mullaney || 4th June 2020 || Business briefing |

Canada

North America

United States

Companies

Business briefing

Canadian cannabis firm Aurora has shifted focus to the US CBD market, a long-time goal of the company, with the $40m purchase of retailer Reliva ...

Dog movies, exercise, two Janes and a Bell: CBD promotion gets creative

Written by Freddie Dawson || 2nd June 2020 || Business briefing |

North America

United States

Business briefing

Paying people to watch dog movies and integrated CBD exercise packages are among the latest novel marketing strategies being dreamed up by CBD companies ...

Government aid available to European companies hit by COVID-19 measures

Written by CBD-Intel || 28th May 2020 || Business briefing |

Austria

Europe

France

Germany

Greece

Ireland

Italy

Netherlands

Spain

Switzerland

COVID-19

Policy and Politics

Business briefing

CBD companies based in Europe have a range of possible options for government assistance to help them through the various strictures imposed due to the coronavirus pandemic ...

$77m deal for US CBD processor may not be the end of the bankruptcy story

Written by Freddie Dawson || 25th May 2020 || Business briefing |

Kentucky

North America

United States

Companies

Regulation and Legislation

Business briefing

A $77m deal with creditors to purchase GenCanna as a going concern looks unlikely to be the final step in an ongoing bankruptcy drama surrounding one of the US’s largest hemp processing companies ...

UK government help available to CBD firms hit by coronavirus measures

Written by CBD-Intel || 25th May 2020 || Business briefing |

Europe

United Kingdom

COVID-19

Policy and Politics

Business briefing

UK companies that are struggling and in need of assistance because of due to lockdown rules in the face of the COVID-19 pandemic have several options to choose from, depending on their size and their needs ...

Green Growth Brands and CannTrust seek insolvency protection

Written by Freddie Dawson || 22nd May 2020 || Business briefing |

Canada

North America

Companies

Business briefing

Volatility in the CBD sector continues with two major companies being granted protection by Canadian courts ...

Watchdog’s warning over cosmetics with less CBD than claimed on labels

Written by Freddie Dawson || 21st May 2020 || Business briefing |

North America

United States

Companies

Marketing and Retailing

Regulation and Legislation

Business briefing

The US National Advertising Division (NAD) has criticised certain cosmetic and wellness products for not containing as much CBD as claimed on their packaging ...

German would-be flower-sellers look for loophole amid legal confusion

Written by CBD-Intel || 19th May 2020 || Business briefing |

Europe

Germany

Regulation and Legislation

Retail

Business briefing

Setting up studies as a pretext to allow the sales of hemp flowers in Germany is unlikely to succeed – but more are expected to try it as they look for ways to avoid legal action ...

CBD sector expands in Japan despite stricter import checks

Written by CBD-Intel || 15th May 2020 || Business briefing |

Asia

Japan

Marketing and Retailing

Business briefing

After a slow start, Japan's CBD sector is expanding rapidly, with the number of specialist shops growing, more vape and health shops, as well as the biggest discount retailer, now carrying CBD products ...

Chinese firms eager to build home CBD market held back by lack of regulation

Written by CBD-Intel || 12th May 2020 || Business briefing |

Asia

China

Companies

Policy and Politics

Regulation and Legislation

Business briefing

Chinese companies hoping to build up CBD businesses are growing increasingly frustrated by a lack of rulemaking, which is inhibiting the development of the domestic market ...

Local hopes remain buoyant after Canopy Growth pulls out of Africa

Written by CBD-Intel || 11th May 2020 || Business briefing |

Africa

Lesotho

South Africa

Companies

Business briefing

Operations of Canopy Growth’s African subsidiary have not been affected by the parent company’s decision to pull out and leave things in local hands – according to the man in charge of those local hands. Jody Aufrichtig, head...

Smokable hemp is a fast-growing US market – in states where it’s legal

Written by Freddie Dawson || 4th May 2020 || Business briefing |

Georgia

North America

Oregon

South Carolina

United States

Companies

Farming

Regulation and Legislation

Vapour/Smokable

Business briefing

Corporate interest in smokable hemp as a consumer product continues to grow in the US despite the mixed and sometimes unclear regulatory situation ...

Figures from first socially distanced 4/20 reveal startling differences

Written by Freddie Dawson || 4th May 2020 || Business briefing |

Canada

North America

United States

Companies

COVID-19

Health

Marketing and Retailing

Business briefing

Initial reports on the results of the first ever socially distanced 4/20 are a mixed bag ...

The trouble with GMP – and why EU producers are at a disadvantage

Written by CBD-Intel || 30th April 2020 || Business briefing |

Afghanistan

Africa

Alabama

Alaska

Albania

Algeria

Andorra

Argentina

Arizona

Arkansas

Armenia

Armenia

Asia

Australasia

Australia

Austria

Bahrain

Bangladesh

Belarus

Belgium

Bolivia

Bosnia and Herzegovina

Brazil

Bulgaria

California

Cambodia

Canada

Chile

China

Colombia

Colorado

Connecticut

Costa Rica

Croatia

Cyprus

Czech Republic

Delaware

Democratic Republic of the Congo

Denmark

Ecuador

Egypt

England

Estonia

Ethiopia

EU

Europe

Finland

Florida

France

Georgia

Georgia

Germany

Ghana

Greece

Hawaii

Honduras

Hong Kong

Hungary

Iceland

Idaho

Illinois

India

Indiana

Indonesia

Iowa

Iran

Iraq

Ireland

Isle of Man

Israel

Italy

Japan

Kansas

Kazakhstan

Kentucky

Kenya

Kosovo

Kuwait

Kyrgyzstan

Latvia

Lebanon

Lesotho

Libya

Lithuania

Louisiana

Luxemburg

Macedonia

Maine

Malawi

Malaysia

Malta

Maryland

Massachusetts

Mauritania

Mexico

Michigan

Middle East

Minnesota

Mississippi

Missouri

Moldova

Monaco

Montana

Montenegro

Morocco

Mozambique

Myanmar

Namibia

Nebraska

Nepal

Netherlands

Nevada

New Hampshire

New Jersey

New Mexico

New York

New Zealand

Nigeria

North America

North Carolina

North Dakota

North Korea

Northern Ireland

Norway

Ohio

Oklahoma

Oman

Oregon

Pakistan

Panama

Paraguay

Pennsylvania

Peru

Philippines

Poland

Portugal

Puerto Rico

Qatar

Rhode Island

Romania

Russia

San Marino

Saudi Arabia

Scandinavia

Scotland

Serbia

Singapore

Slovakia

Slovenia

South Africa

South America

South Carolina

South Dakota

South Korea

Spain

Sri Lanka

Sudan

Sweden

Switzerland

Syria

Taiwan

Tanzania

Tennessee

Texas

Thailand

Tunisia

Turkey

Uganda

Ukraine

United Arab Emirates

United Kingdom

United States

Uruguay

Utah

Uzbekistan

Vatican City

Venezuela

Vermont

Vietnam

Virginia

Wales

Washington

Washington D.C.

West Virginia

Wisconsin

World

Wyoming

Yemen

Zambia

Zimbabwe

Marketing and Retailing

Regulation and Legislation

Business briefing

GMP certification means little and European CBD producers are being held back by rules limiting varieties that can be grown, new analysis from CBD-Intel reveals. Our report also explains how US and Swiss producers are at an advantage...

CBD-Intel COVID-19 news round-up

Written by CBD-Intel || 30th April 2020 || Business briefing |

Afghanistan

Africa

Alabama

Alaska

Albania

Algeria

Andorra

Argentina

Arizona

Arkansas

Armenia

Armenia

Asia

Australasia

Australia

Austria

Bahrain

Bangladesh

Belarus

Belgium

Bolivia

Bosnia and Herzegovina

Brazil

Bulgaria

California

Cambodia

Canada

Chile

China

Colombia

Colorado

Connecticut

Costa Rica

Croatia

Cyprus

Czech Republic

Delaware

Democratic Republic of the Congo

Denmark

Ecuador

Egypt

England

Estonia

Ethiopia

EU

Europe

Finland

Florida

France

Georgia

Georgia

Germany

Ghana

Greece

Hawaii

Honduras

Hong Kong

Hungary

Iceland

Idaho

Illinois

India

Indiana

Indonesia

Iowa

Iran

Iraq

Ireland

Isle of Man

Israel

Italy

Japan

Kansas

Kazakhstan

Kentucky

Kenya

Kosovo

Kuwait

Kyrgyzstan

Latvia

Lebanon

Lesotho

Libya

Lithuania

Louisiana

Luxemburg

Macedonia

Maine

Malawi

Malaysia

Malta

Maryland

Massachusetts

Mauritania

Mexico

Michigan

Middle East

Minnesota

Mississippi

Missouri

Moldova

Monaco

Montana

Montenegro

Morocco

Mozambique

Myanmar

Namibia

Nebraska

Nepal

Netherlands

Nevada

New Hampshire

New Jersey

New Mexico

New York

New Zealand

Nigeria

North America

North Carolina

North Dakota

North Korea

Northern Ireland

Norway

Ohio

Oklahoma

Oman

Oregon

Pakistan

Panama

Paraguay

Pennsylvania

Peru

Philippines

Poland

Portugal

Puerto Rico

Qatar

Rhode Island

Romania

Russia

San Marino

Saudi Arabia

Scandinavia

Scotland

Serbia

Singapore

Slovakia

Slovenia

South Africa

South America

South Carolina

South Dakota

South Korea

Spain

Sri Lanka

Sudan

Sweden

Switzerland

Syria

Taiwan

Tanzania

Tennessee

Texas

Thailand

Tunisia

Turkey

Uganda

Ukraine

United Arab Emirates

United Kingdom

United States

Uruguay

Utah

Uzbekistan

Vatican City

Venezuela

Vermont

Vietnam

Virginia

Wales

Washington

Washington D.C.

West Virginia

Wisconsin

World

Wyoming

Yemen

Zambia

Zimbabwe

Health

Marketing and Retailing

Policy and Politics

Regulation and Legislation

Science

Business briefing

In order to help you keep track of how all this is affecting the CBD industry around the world, all CBD-Intel’s COVID-19-related coverage can now be found in one place here ...

New deals show how South America is gradually opening up to CBD business

Written by Freddie Dawson || 29th April 2020 || Business briefing |

Brazil

Colombia

South America

Companies

Business briefing

Supply agreements for CBD continue to develop in South America, with new deals for distributing products in Brazil and an agreement in Colombia brought about by Canopy Growth’s change in strategy ...

The world after coronavirus ‘looks bright for investment in CBD’

Written by CBD-Intel || 27th April 2020 || Business briefing |

Europe

North America

United States

Companies

COVID-19

Marketing and Retailing

Business briefing

While the global coronavirus epidemic and consequent lockdown have caused uncertainty in the cannabis sector, investments in CBD are likely to go ahead in the coming months, some experts in the industry say ...

Finnish company declares regulatory related bankruptcy

Written by CBD-Intel || 24th April 2020 || Business briefing |

Europe

Finland

Companies

Business briefing

Finnish authorities have cracked down on domestically based companies selling dietary supplements containing CBD, which they say lack EU authorisation, leading one of the largest importer of supplements to file for bankruptcy ...

Emergency aid available for US businesses – but who will get it?

Written by CBD-Intel || 22nd April 2020 || Business briefing |

North America

United States

COVID-19

Business briefing

Most US hemp and CBD businesses should qualify for economic relief during the COVID-19 pandemic – but the type of assistance may vary dependent on qualification and availability of funds ...

It’s not time yet to raise a glass to a major CBD drink – but it’s coming

Written by Freddie Dawson || 21st April 2020 || Business briefing |

Canada

North America

United States

Companies

Food

Marketing and Retailing

Business briefing

Continued investment and a number of minor launches suggest a CBD beverage from one of the major drinks players in North America may not be far off ...

‘4/20’ celebration goes online as CBD marketing adapts to lockdown

Written by Daniel Mollenkamp || 20th April 2020 || Business briefing |

North America

United States

Companies

COVID-19

Marketing and Retailing

Business briefing

CBD companies have had to adapt marketing strategies as the COVID-19 pandemic has developed. The pandemic and the associated practice of social distancing have overtaken 4/20, the biggest promotional day for cannabis ...

CBD companies are advised to use the time well as virus slows regulation

Written by CBD-Intel || 15th April 2020 || Business briefing |

North America

United States

Companies

COVID-19

Health

Policy and Politics

Regulation and Legislation

Business briefing

CBD entrepreneur Christina DiArcangelo tells CBD-Intel that businesses should be using the slowdown to study, reflect, plan – and “get ahead of the ball” ...

Anxiety, doubt – and some optimism – over coronavirus impact on CBD in US

Written by Freddie Dawson || 14th April 2020 || Business briefing |

North America

United States

Companies

COVID-19

Health

Marketing and Retailing

Regulation and Legislation

Business briefing

The wider impact of COVID-19 on the CBD sector in the US remains confused in the short term and largely a mystery in the longer term as companies scramble to gather information ...