Marijuana Business News

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Fri
24
Jun

Major League Baseball to allow CBD sponsorships

baseball diamond

CBD sponsorships are now welcome for teams in the Major League Baseball (MLB) organization, which could open up many new advertisement opportunities.

The MLB stated in a conference call on June 21 that CBD is now an “approved category” which means that teams are now allowed to sell CBD sponsorships as long as the brand has received an NSF certification (a verification that a product has no THC).

According to Sports Business Journal, MLB Chief Revenue Officer Noah Garden explained the reason for the change. “We’ve been watching this category for a while and waiting for it to mature to the point where we can get comfortable with it,” said Garden.

Fri
24
Jun

The CLIMB Act seeks to boost cannabis industry financing and capital access

congress

Today, Rep. Troy A. Carter, Sr., a Democrat from Louisiana, and Rep. Guy Reschenthaler, a Republican from Pennsylvania, introduced a new bill called The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act. If passed and signed into law, The CLIMB Act could give a significant boost to a cannabis industry that is currently struggling with growing pains, a lack of access to capital, difficulty in obtaining banking and other standard business services, high taxes, and a consumer base feeling the sting of inflation and the potential for a looming recession.

Fri
24
Jun

Endexx says to launch men's hemp-derived skincare line in Amazon's store

woman

"This is a natural channel extension for us to continue growing our skin care business and meet customers where they are with the products they replenish regularly," said the company's CEO Todd Davis

Endexx Corp said it has received clearance for its hemp-derived and plant-based skincare and grooming products for men in Amazon's store. 

The products are rich in plant-derived nutrients proven to support healthy skin. They have no Cannabidiol or THC in their formulation, providing a clear and compliant pathway to successful e-commerce in the Amazon seller's central platform, the company said. 

Thu
23
Jun

The economics of legal weed don't work

hand with joint

 

Thu
23
Jun

Kandy Girl launches new app offering legal shipping services of marijuana edibles to all 50 states

bikini girl on beach

Kandy Girl, a cannabis company that has managed to skirt federal marijuana regulations by selling THC infused edibles in larger sized gummies, announced on Monday, that their app is now live on the Google Play and Apple App Store.

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The app allows consumers to purchase their edibles and checkout via credit card or Apple Pay.

The company says Cannabis consumers won't need to provide a medical card and due to the way their gummies are made, they actually contain significantly more THC than dispensary grade gummies.

Thu
23
Jun

Indian Industrial Hemp Association (Iiha) and Auriga Research Private Limited signed Mou

men

IIHA signed a MoU with India*s leading testing, inspection, certification and clinical research organization Auriga Research Private Limited at their HQ in New Delhi, India. Current President of IIHA Mr. Rohit Shah and Managing Director of Auriga Research Private Limited Dr. Saurabh Arora signed the agreement. Auriga with its PAN India presence will support and provide all data on hemp and cannabis testing and research. This agreement keeps them as a partner for next five years which is subject to extension on mutual agreement. During this tenure all samples through IIHA will be tested and compiled by a chain of laboratories under Auriga Research Private Limited exclusively.

Thu
23
Jun

Massage Envy enhances massage and skin care portfolio with CBD offerings from Charlotte's Web, The World's Most Trusted Hemp Extract™

beautiful woman

Massage Envy, the nation's No. 1 provider of massage in the U.S. collectively across its franchise network and a national leader in skincare, and Charlotte's Web Inc., (TSX: CWEB) (OTCQX: CWBHF) the market leader in innovative hemp-derived CBD wellness products, are pleased to announce the availability of premium CBD wellness products at participating Massage Envy franchised locations nationwide. Massage Envy customers are now able to add Charlotte's Web CBD Clinic™ topicals as enhancements to most massage services.

Thu
23
Jun

How Binoid does THC gummies right

products

Binoid Delta 8, THC-O, and Delta 9 gummies are some of the most sought-after on the hemp market, and will leave you with a clean, long-lasting, and fully legal high.

Maybe you’ve heard that you can buy delta 9 THC-infused gummies legally online. And, that it’s perfectly legal to do so. “Federally compliant” delta 9 is hemp-derived, and adheres to federal law, meaning that while it uses the same cannabinoid that makes marijuana illegal, you can buy it freely online without breaking the law. Binoid has the products you need.

Wed
22
Jun

Pot now treated like any other business

business paper

 

California voters legalized recreational marijuana via a ballot initiative in November 2016, almost six years ago. Since then, the weed has evolved into something like a normal business, complete with webcasts on operating efficiently, disputes about where stores can be located and gripes about underground operators siphoning off too much of the take.

But there’s little normal about pot itself. First made semi-legal by the 1996 Proposition 15, which allowed medical marijuana use with a doctor’s “recommendation” (not a real prescription, since pharmacies never sold it), medipot operated in a kind of gray legal area for 20 years, but was nevertheless in common use.

Wed
22
Jun

National Hemp Association and Hemp Feed Coalition join forces

logo

NHA and HFC partner to advance hemp as animal feed

Today the National Hemp Association (NHA) and the Hemp Feed Coalition (HFC) announced the formation of a mutually beneficial partnership to accelerate the goal of each organization to obtain approvals for hemp as an animal feed ingredient.

NHA and HFC are motivated to benefit the entire industry by opening new markets for hemp and its co-products by gaining federal approval for its use as an animal feed ingredient. Historically they have successfully worked on projects together and recognize the opportunity to share resources and expand the footprint of advocacy and education centered around hemp as a nutritious animal feed product.

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