Cannabidiol News March 20 2019
ASHEVILLE, N.C. (March 19, 2019)—Aeroflow Healthcare announced the launch of Aeroflow Naturals, a division of products designed to offer patients high-quality cannabidiol (CBD) products as natural solutions that may assist with a variety of conditions. With the help of new local partner Kingdom Harvest, Aeroflow will offer a variety of CBD items to patients nationwide.
CV Sciences Inc (OTCMKTS:CVSI) reported earnings last week and the market is still buzzing from the news. CVSI set record revenues with $48.2 million for 2018, which was an increase of 133% from the year before. Retail distribution increased 45% and they increased their EBITDA by 412.4 million from the year before. Operating income for 2018 increased to $10.2 million, or 21.2% of net revenue, compared to an operating loss of $4.9 million in the prior year.
London-listed oil producer moves into weed after a surprising discovery Highlands intends to grow approximately 40,000 hemp plants per annum in a 33,000 square feet greenhouse — with a minimum anticipated harvest of three times per year. The group will also be able to grow hemp outside on this land and plans to plant 20 acres this year, equating to around 50,000 hemp plants. Highlands is set to expand their operations to 100 acres in 2020. The group reiterated that operating at full capacity in 2020 could see the business harvest approximately 290,000 hemp plants next year. “Highlands will target a yield of 12 grams of CBD per indoor plant and 30 grams of CBD per outdoor plant. Estimated wholesale prices are $3 per gram although the Board believes sales made direct to retail channels could be at a premium of over five times this,” the group told Yahoo Finance UK.
In its first year, the program had seven applicants and six growers. So far in 2019, there have been 310 applicants, 200 growers, and 110 processors, according to MDA data. The dramatic increase strongly correlates to the increasing popularity of CBD, according to Margaret Wiatrowski, a program director with the Minnesota Department of Agriculture. About 75 percent of people applying for hemp licenses are focused on CBD, largely because of the money to be made in the budding industry. Farmers can make up to $90,000 per acre of CBD-focused hemp, Wiatrowski says.
Mondaq News Alerts
Legalized Industrial Hemp Production Is Coming (But It’s Not Here Yet) – Food, Drugs, Healthcare, Life Sciences – United States 13 acres of cannabis coming to the State of Washington
Fibonacci uses technology popularized by China’s strand-woven bamboo industry, in addition to SmartOak tech, which originated in Australia. Dewevai Buchanan, the company’s commercial director, is an internationally recognized product expert with 25 years of experience in hardwood and décor manufacturing industries.
New West Genetics leads Kentucky trials, rolls out production of high CBD, stable low THC hemp seed variety. New West Genetics has used GMO-free methods to create varieties with enhanced CBD and CBG, and a true THC zero trait, all the way through harvest and drying, trademarked as THCØ™. The Company will grow its first high CBD / low THC variety at production scale this coming season, and will roll into production multiple new traits each successive season.
Right now, any hemp grower who registers with the Agency of Agriculture, Food & Markets as required must pay an annual fee of $25. But the agency has been looking for a revenue source for its hemp regulation program, and this year turned to fees as a way to pay for at least one new position.
NBC 5 Dallas-Fort Worth
🚨🚨🚨👮♀️👮♀️👮♀️North Texas Stores Raided, CBD Products Seized
Duncanville police say they removed hundreds of pounds of CBD products from two stores, along with more than 30 pounds of what they described as marijuana, in what the stores’ owners described as a big misunderstanding. (Published Tuesday, March 19, 2019) Amy Wazwaz, who owns the stores with her husband, said police seized more than $50,000 worth of CBD products.
Buying CBD Online? Here’s How to Find the Right Site | Leafly
Nov 15, 2018 – The amount of websites selling CBD products can be stupefying. Here’s what to consider when trying to find the right one for you.
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