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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...

The Road to Legal and Regulated CBD Could Be a Long One - Nothingbuthemp

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During a recent webinar conducted by officials from the FDA, comments regarding the legal future of CBD indicated that the path forward might be lengthy and arduous.    Since its introduction into the mainstream market for alternative health and wellness offerings, CBD or Cannabidiol has generated equal parts lucrative sales, a loyal consumer base and controversy. Derived from the hemp plant, which Congress delisted from the Controlled Substances List as part of the 2018 Farm Bill , CBD has gone from a fringe elixir and topical treatment for maladies including anxiety, chronic pain, and crippling epilepsy to a multi-billion dollar industry in a matter of five years. That rapid explosion in growth has translated into big business for farmers, manufacturers, and retailers in the hemp industry. According to an analysis conducted by Precedence Research , the global CBD market generated $15.88 billion in revenue in 2022. Furthermore, researchers anticipate that number to excee...