The market for hemp-infused topicals has never been hotter, with big-box retailers ranging from CVS to Sephora adding CBD creams and balms – despite pushback from U.S. health authorities. Even as the national market for topicals booms, though, opportunities abound for boutique CBD manufacturers in the U.S. spa industry, where wellness executives prize craft production even as they
Continue Reading...Cronos Group, a vertically integrated cannabis company based in Ontario, Canada, that has international production and distribution, said Friday it will buy four operating subsidiaries from Redwood Holding Group for $300 million. Redwood, which is headquartered in Los Angeles, produces, markets and distributes hemp-derived CBD products, including skin care, bath items and gummies, throughout the United States
Continue Reading...After months of preparation, the state of Florida is ready to move ahead with commercial hemp production under a bill signed Tuesday by Gov. Ron DeSantis. Florida Agriculture Commissioner Nikki Fried said hemp in Florida is needed to help farmers harmed by hurricanes and diseases that have affected citrus, the state’s largest commodity. Hurricane Michael
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