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Showing posts from June, 2023

Founders of Charlotte’s Web Call for a Board of Directors Change - Nothingbuthemp

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  The Stanley brothers are unhappy with the current state of affairs at the company they founded and are bidding for a return to right the company ship. The dramatic fallout in the CBD industry continues to wreak havoc on the once darling sure bet companies comprising the hemp-based market sector. Chief among those organizations experiencing the corporate and fiscal pain of that continued downward spiral is Charlotte's Web Holdings, based in Denver, Colorado. CW's founders, brothers Joel and Jesse Stanley, were riding high as they took their company public on the Toronto Stock Exchange and the OTCQX Venture Market in the United States in September 2018. However, since then, CW's stock price has plummeted from an all-time high of $21.90 on April 1, 2019, to its current value of only $0.2196 (about 22 cents) as of June 12, 2023. That catastrophic collapse in valuation has prompted the brothers to take action. According to multiple news outlets , the Stanley brothers are call...

Kansas City Royals Become Second Team to Sign CBD Sponsorship Deal - Nothingbuthemp

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The team's deal includes a brand activation experience where fans can learn about the benefits of CBD and other hemp-derived products while taking in a game. The Kansas City Royals organization is officially partnering up with a CBD company to promote the potential health benefits of the hemp-derived cannabinoid to its fans and supporters. According to numerous local and national media outlets , the deal between the Missouri-based MLB franchise and Pure Spectrum CBD, a producer of hemp-based cannabidiol products like oils and gummies, was announced this past Tuesday. The agreement makes the Royals the second Major League team to enter a business relationship with a CBD manufacturer, just two months after the Chicago Cubs inked a similar deal with the CBD sparkling beverage brand MYND DRINKS.        Likewise, both new partnerships come on the heels of a league-wide deal signed between MLB and Charlotte's Web Holdings , one of the largest and most well-known CBD comp...

Minnesota Law Makes Hemp-Derived Delta-8 and Delta-9 THC Legal - Nothingbuthemp

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The state's newly inked adult-use marijuana statute also provides legal protection for manufacturers and sellers of the controversial hemp-based cannabinoids. When Governor Tim Walz (DFL) added his signature to Minnesota's adult-use cannabis legalization bill last week, he not only made his home state the 23rd to legalize recreational marijuana sales to adults 21 and older in the United States but also gave his executive approval to several other essential provisions, particularly for the Minnesota hemp industry. Most notable among those additional stipulations, according to numerous local and national media outlets , is the legalization of high-producing delta-8 and delta-9 THC derived from industrial hemp. Along with making the controversial hemp derivatives legal, the new law will also allow products containing the variants to be widely available to consumers in Minnesota. The low-dose product offerings, created in a concentrated form by chemically manipulating CBD produced...