Business briefing
This section includes all business and company-related news on the CBD industry. Updates include all news relating to companies in terms of revenue changes, partnerships and mergers, and lawsuits and closure, as well as various medical innovations, technological improvements and general product development. We offer full-length news briefings as well as weekly news-in-brief updates.
Irish trade body criticises the government’s approach to hemp and CBD
Written by Lorraine Mullaney || 14th August 2020 || Business briefing |
The trade body for hemp and CBD in Ireland has accused the Irish government of working in silos and said its lack of intra-governmental communication as well as consultation with stakeholders could lead to the end of the...
Nanotechnology could improve the therapeutic potential of cannabinoids
Written by CBD-Intel || 13th August 2020 || Business briefing |
Nanotechnology – referring to any kind of technology dealing in very small scales such as atomic, molecular or supramolecular – could improve some of the disadvantages of cannabinoids, such as solubility ...
The entourage effect – absence of evidence, but no evidence of absence
Written by CBD-Intel || 11th August 2020 || Business briefing |
Some recent research has cast doubt on the idea that cannabis compounds may be more effective when taken together ...
Studies suggest interesting potential for lesser known cannabinoids
Written by CBD-Intel || 7th August 2020 || Business briefing |
New research into the therapeutic potential of lesser known cannabinoids is progressing with recent discoveries about a host of new compounds ...
Vaping may be best method of consumption for CBD bioavailability
Written by CBD-Intel || 6th August 2020 || Business briefing |
Scientists are increasingly starting to study how differing methods of consumption can affect CBD bioavailability – the ability to enter your bloodstream and induce effects ...
IPO success for two companies, one being first psychedelics company to list
Written by Freddie Dawson || 4th August 2020 || Business briefing |
A new special purpose acquisition company (SPAC) operating in the hemp space is expected to start making moves in the near future after raising $150m earlier this year ...
Bluebird Botanicals sees success with unconventional advertising campaign
Written by CBD-Intel || 3rd August 2020 || Business briefing |
A US CBD company has taken an unusual approach to advertising to set itself apart from the pack. It is using a spare forceful campaign that actively discourages some people from using its products ...
HempFusion completes NDC registration for CBD topical products
Written by Lorraine Mullaney || 31st July 2020 || Business briefing |
Registration in the US FDA National Drug Code (NDC) Directory conveys significant benefits even if the FDA does not specifically approve these items as over-the-counter products, according to a CBD company ...
Ignite lost $50m in one year; auditors say survival now endangered
Written by CBD-Intel || 29th July 2020 || 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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
Initial reports on the results of the first ever socially distanced 4/20 are a mixed bag ...
