In the ever-changing world of CBD, this week has seen a lot exciting news that impacts everyone in the industry, from business owners to investors to consumers.
The last seven days have brought us global policy changes, payment processing woes, huge corporations doing market research of their own, and a parents custody of their child over CBD oil. Read on and we hope you enjoy this week’s review.
GLOBAL – New European 0.3 THC Rules Could Be a Major Boost for CBD Production
A proposal to increase the legal THC levels in European hemp products would enable farmers to significantly increase the CBD ration as well. These changes to the EU Common Agriculture Policy would allow hemp seeds to contain 0.3 percent THC, instead of the current 0.2 percent. This move will put Europe’s CBD industry in a position compete globally and grow exponentially. Click here to read the full story.
RESEARCH – Terpene Spotlight: Taking A Closer Look at Mycrene
Terpenes in cannabis plants give it the different scents and flavors we all love so dearly, and it contributes to what’s known as the Entourage Effect. This is when all the compounds of the cannabis plant – cannabinoids, flavonoids, and terpenes – work together in perfect harmony to create a well-balanced and more therapeutic effect. Mycrene is one of the most common terpenes found in various cannabis strains. Click here to read the full story.
INDUSTRY NEWS – Florida Parents Lose Custody of Toddler in CBD Vs. Chemo Battle
A Florida couple was stunned when they discovered that refusing chemotherapy for their toddler came with serious consequences. When their 3-year-old son Noah was diagnosed with cancer in his blood and bone marrow, doctors told them that chemo was the only way to save their child’s life, but they refused the treatment and fled the state. Click here to read the full story.
FINANCE – Starting Next Month, Many CBD Companies Will No Longer Be Accepting Visa
Evalon – a commonly used payment processor for CBD industry professionals – recently notified their e-commerce customers that they will no longer be processing Visa payments starting next month. Although some companies have already stopped accepting Visa at the beginning of May, others were given until the end of the month (2 weeks) to find a new credit card processor. Click here to read the full story.
BUSINESS – Big Box Retailers are Eyeing CBD from Afar
Many prominent names in the retail industry – including Walmart, Target, Kroger, and Safeway – have been quietly doing market research and prepping their stores for the inevitable day that CBD products will fill the shelves. These companies have been meeting with CBD business owners and requesting product samples such as oils, topicals, beverages, and edibles. Click here to read the full story.
RECREATIONAL – Are CBD Flowers Legal?
For decades, cannabis and industrial hemp have been on the wrong side of prohibition. Over the years, the stigma has been shattered and cannabis is now viewed as a harmless, and even beneficial, plant. Despite its popularity on a social level, the legal status of cannabis has been hazy at best. So what about the non-intoxicating CBD flowers? Click here to read the full story.
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