CBD Hemp Oil for Cancer Patients

Here are the top trends to watch out for in the marijuana industry this year, according to insiders. Much like the "Roaring 20's", the current version of this century's third decade is proving to be just as impactful and pivotal to the trajectory of the U.S. economy and culture. The cannabis industry , which was on the wrong side of the law for over a hundred years, is now slowly and, at times, painfully, becoming a prosperous new channel of economic opportunity and medicinal and recreational relief for millions. Colorado and Washington were the first states to legalize recreational marijuana a little over ten years ago. Now almost half of the states have legal adult-use cannabis, and close to 80% of the union has some form of a medical marijuana program in place. The combined legal and medical cannabis markets generated roughly $33 billion in 2022 . Likewise, it is estimated that by 2026 that amount could be upwards of $52.6 billion . According to official ranking st...

This year witnessed the continued decline in CBD's fortunes, leaving many insiders wondering where the industry goes from here. Once the darling of the hemp industry, CBD is still experiencing a breathtaking economic fall, with supplies far exceeding demand for the hemp-derived oil seen by many as a transformative and healing ointment. The truth is that since hemp was rescheduled as legal once again by the 2018 Farm Bill, the industry has been overtaken by "charlatans" and speculators more interested in exploiting the unique and still vastly misunderstood plant for quick monetary gains.      In their race to amass as much money from the "CBD craze" as possible, the financial sharks overwhelmed and bullied those more concerned with a longer-term view of how to maximize hemp's potential as an agricultural product capable of providing food, construction raw materials and a wide array of health and wellness offerings. As a result, analysts and stock market infl...

The regulatory body enforcing Minnesota's newly amended law enabling the sale of hemp-derived THC edibles brings suit against three manufacturers. As first reported by St. Paul's Fox 9 News , the Minnesota Board of Pharmacy has filed a lawsuit against three Moorhead-based companies (Northland Vapor Moorhead, LLC, Northland Vapor Bemidji, LLC, and Wonky Confections, LLC) for manufacturing and selling THC edibles that allegedly sickened five teenagers in Iowa. This action marks the first time the Board has utilized the recently amended MN law, enabling the manufacture and sale of food and beverage products containing hemp-derived THC (Delta-9) , to bring suit against a manufacturer violating its tenets.     The case began with officials at the U.S. Food and Drug Administration (FDA) tipping off regulators following several complaints, including the five high school students in Des Moines who fell ill after consuming one-half to two full gummy edibles. Regulators are accusing No...

Regulators of the state’s medical marijuana program intend to curb the use of the controversial cannabinoids significantly. At the urging of patient advocates, product manufacturers and researchers, the state has formally initiated the process of creating more thorough guidelines for governing the presence of delta-8 THC and other synthetics allowed in its medical marijuana program, according to recent news reports . Utah voters voted to legalize its MMJ market in 2018. However, prior to its launch in 2020, the state legislature and then-governor Gary Hebert (R) made “tweaks” allowing for “THC analogs” in edible products, vape cartridges and other offerings sold in state-licensed pharmacies.     By definition, an analog is “any substance that is structurally or pharmacologically similar to, or is represented as being similar to, delta-9-THC .” This language of the law has allowed medical marijuana pharmacies in Utah to legally sell items containing the controversial delta-8 T...

The agency targets companies marketing CBD-infused food and beverage products with warning letters amid calls for more regulatory clarity. In a move that seems to be the FDA's only go-to action concerning businesses that sell CBD products , the agency once again issued warning letters to five companies that market and sell CBD-infused food and beverage items, according to a recent news report . The enforcement action mirrors similar steps the agency took this past May and on a handful of other occasions since the Farm Bill of 2018 made hemp and its derivatives, including CBD, federally legal.   The seemingly random selection of the five targeted companies continues a frustrating pattern on the part of the regulatory body when it comes to handling CBD as a perplexingly controversial additive to food and beverage items monitored by the agency. Additionally, the action comes amid continued calls for the FDA to finally provide a regulatory pathway for the lawful marketing of the non-in...

  Tobacco Giant Buys Stake In Charlotte’s Web In a recent news release , Charlotte's Web Holdings announced that it had secured a $56.8 million investment in the form of a convertible debenture from a British American Tobacco subsidiary giving the multinational tobacco conglomerate an almost 20% stake in CW. According to Charlotte's Web CEO Jacques Tortoroli, "This investment will provide Charlotte's Web with funding that we anticipate will help unlock deeper and broader research and development that is key to our continued innovation, global footprint, and the advancement of our intellectual property portfolio." "This investment will provide Charlotte's Web with funding that we anticipate will help unlock deeper and broader research and development that is key to our continued innovation, global footprint, and the advancement of our intellectual property portfolio." - Jacques Tortoroli, CEO of Charlotte's Web This action is just the late...