CBD

N.J. will allow more legal weed companies to grow cannabis to boost slowly growing market

With New Jersey’s legal marijuana market off to a slow start, state officials announced Wednesday they would eliminate the cap on the number of companies allowed to grow weed and make $10 million in grants available to people opening a cannabis business who have been convicted of marijuana offenses or come from poor communities. The state Cannabis Regulatory Commission agreed to let lapse the 37-license limit on cultivators, a rule that would have expired later this month. New Jersey is nowhere near that… Read more.

The Marijuana Industry Goes from Bad to Worse – FDA Will Not Approve CBD Regulations and Will Work With Congress Someday On It

February 1, 2023 · Cannabis.net

As if the marijuana industry isn't reeling enough with $75 ounces in multiple states, NASDAQ listed Akerna going under, and MSO Curaleaf pulling out of competitive markets like California and Colorado, more bad news hits the industry, this time, on the government side. It is devastating news for those who love CBD products. The Food and Drug Administration has declared that these items, made from cannabis or hemp, may not comply with federal safety regulations. These safety regulations will affect a… Read more.

FDA Will Not Issue CBD Regulations, Plans to Work with Congress Instead

January 27, 2023 · Ganjapreneur

The Food and Drug Administration on Thursday denied three petitions to allow the marketing of CBD products as dietary supplements and said that the agency would “work with Congress” on a regulatory pathway for the cannabinoid.  The statement was issued by Principal Deputy Commissioner Dr. Janet Woodcock.  Woodcock said the decision would allow policymakers to develop “a new regulatory pathway for CBD … that balances individuals’ desire for access to CBD products with the regulatory oversight needed to manage risks.”  Woodcock also said there… Read more.

FDA’s inaction on CBD regulations means more marijuana questions for Congress

January 27, 2023 · MJ Biz Daily

The U.S. Food and Drug Administration’s announcement Thursday that it won’t regulate products containing CBD and will instead pass that buck to Congress means the preservation of the current, uneasy status quo for now. It will also mean more work for an increasingly fractious Congress – and further uncertainty for companies deciding whether to enter the $4 billion-plus CBD business.  In addition to grappling with broader marijuana policy reform – including access to banking, tax relief and the question of federal… Read more.

FDA Says CBD Still Can’t Be Dietary Supplement

January 26, 2023 · Green Market Report

The agency called on Congress to develop a better regulatory framework for CBD The U.S. Food and Drug Administration this week announced that it would deny a trio of petitions that requested authorization for cannabidiol (CBD) to be used as a dietary supplement. The agency also advised that Congress needs to establish a better regulatory framework before such a classification is allowed. Based on existing research and data, the FDA found that the current standards for adding supplements to foods or beverages… Read more.

CBD Slows the Aging Process Says a New Study, So When Should You Start Taking It?

October 18, 2022 · Cannabis.net

Why It Isn’t Too Early To Use CBD For Preventing The Detrimental Effects Of Aging Realizing that you’re getting old can be a tough process. For some, it comes with cracks and pains with even the slightest movements. For others, it’s the sign of wrinkles where taut skin once was, and the lack of energy. We all want to age as gracefully as possible, but it’s harder than it sounds. After all, how do we fight gravity and time? While… Read more.

MLB Makes Charlotte’s Web ‘Official CBD of Major League Baseball’

October 13, 2022 · Ganjapreneur

Major League Baseball (MLB) is partnering with Charlotte’s Web Holdings Inc. in an exclusive multi-year deal to make the brand the “Official CBD of Major League Baseball,” CNBC reports. It is the first deal between a CBD company and one of the four major U.S. professional sports leagues.   MLB announced in June it would allow teams to begin selling sponsorships to CBD brands. Previously, only Ultimate Fighting Championship (UFC) and NASCAR allowed CBD sponsorships. Under MLB rules, all products considered for sponsorships must first pass… Read more.

A Beginner’s Guide to Functional Mushrooms and CBD

October 7, 2022 · Thrillist

Mushrooms are having a moment. Well, perhaps much more than a moment. Foraging for fungi is an ever-popular pastime. As more folks go meat-less, they’re turning to the little forest sprouts for sustenance. We’re even seeing them in cocktails. And as states and cities decriminalized psilocybin, the psychedelic compound naturally produced by hundreds of fungi, more people are learning how they might benefit from hallucinogenic therapy. In the wellness world, functional mushrooms are showing up everywhere.​ This group of 15 ’shrooms within the estimated 2,000 edible species… Read more.