Congress has announced a Request for Information (RFI) regarding a regulatory fix for cannabidiol and other hemp-derived cannabinoid products. The RFI comes five years after the legalization of CBD products via the Farm Bill, which is the primary agricultural and food policy instrument of the federal government, reported Harris Bricken. In 2018, hemp and hemp-derived…
Global Widget Acquires Two New Brands
Global Widget has announced the acquisition of the Miami-based Green Roads and Cannabis Life brands — two of the most recognized hemp-cannabinoid product lines. Global Widget is adding the Green Roads and Cannabis Life brands to its brand portfolio which includes Hemp Bombs, Mystic Labs, Hyper Brain iQ and Nature’s Script. By merging the current…
Fire & Flower Files for Bankruptcy Protection
Fire & Flower Holdings Corp. and its subsidiaries have received an order for creditor protection (Initial Order) from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act (CCAA). The company has been actively pursuing additional financing to raise capital to fund its operations, and on May 26, 2023, engaged a financial advisor to…
A Place for CBD
While the Food and Drug Administration (FDA) continues to evaluate cannabidiol (CBD) to determine a new regulatory pathway for CBD in foods and supplements, customers are nonetheless still purchasing CBD-containing products. Ready-to-drink tea and coffee that contain CBD saw a 3.3% increase in dollar sales at convenience stores for the 52 weeks ending April 23,…
Couche-Tard Signs Licensing Agreement with Canadian Cannabis Retailer
Alimentation Couche-Tard signed a master licensing agreement with Canadian cannabis retailer Fire & Flower Holdings, according to MJBizDaily. “Fire & Flower is required to notify Couche-Tard only of new franchise or licensing opportunities and has agreed to negotiate with Couche-Tard for an exclusive negotiation period prior to entering into a new franchise or licensing agreement…
CBD Awaits FDA Direction
Consumers continue to demand cannabidiol (CBD) products in c-stores for their numerous benefits even though regulations are underway. The CBD industry has gained attention from consumers and retailers over the past few years. CBD is touted for its perceived health benefits, including relief for pain and anxiety, weight loss and heart health, among others, and…
How Long Does it Take to Feel the Effects of CBD?
How long does it take to feel the effects of taking CBD? The question is understandable, but the answer is complex. While CBD won’t make a person feel “high,” users can generally feel it begin to work. But lengths of time are always expressed as ranges; there is no one-size-fits-all rule, which is understandable. After…
Enhancing the Cannabis Industry With Robots
Robots have improved and made manufacturing easier for many industries, including medical, packaging, food and beverage and even aerospace. However, robots have made their way into the cannabis industry. One robot in particular that is enhancing the cannabis industry is the Jiko automated pre-roll infusion robot from Sorting Robotics. Jiko is made to infuse different…
Can CBD Help With Pain?
Can CBD help with pain? That’s easy — the overwhelming evidence thus far appears to say yes. This, of course, means that CBD products can also help build convenience store sales. Research is showing pretty conclusively that CBD can — in some instances, along with THC — help relieve pain caused by a host of…
BDSA Predicts 2023 Cannabis Trends
The cannabis industry is becoming very popular amongst consumers for many reasons. Some of the reasons include helping with different illnesses, health conditions or even just to help get a good night’s rest. With research continuously being done on the benefits of cannabis, the industry will continue to grow. In fact, BDSA recently shared its…