Hemp extract wellness product company Charlotte’s Web reported financial results for the first quarter of 2022. “While our e-commerce traffic was lower compared to prior periods, subscriptions more than doubled since Q1-2021. With e-commerce revenue down $3.0 million year-over-year, rebuilding traffic and conversions remain key priorities for us in e-commerce, which is our largest revenue…

  Full spectrum hemp extract wellness products maker Denver-based Charlotte’s Web Holdings Inc. last week reported financial results for the fourth quarter and year ended Dec. 31, 2021. “At the beginning of 2022 we took organizational actions, better aligned leadership and employees with shareholder interests, and simplified our business for focus, speed, and executional excellence.…

  A leading cannabis retail financial payments processor is expanding its brick-and-mortar payments services to the CBD retail market. Seattle-based POSaBIT Systems Corp., provider of point of sale software and payments infrastructure in the cannabis industry, has entered the CBD market with its point of sale solution. POSaBIT is now live in over twenty CBD…

Calgary, Alberta-based High Tide Inc. announced that its subsidiary, Fab CBD, has launched a CBD Subscribe-and-Save discount program in the United States. The company is a long established retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. Under the program, customers will be able to customize their orders each month to suit their…

Although CBD has been legalized to sell and distribute for over three years, thanks to the 2018 Farm Bill, the U.S. Food and Drug Administration (FDA) has still not addressed or regulated the industry, leading to a sub-optimal environment for both consumers and brands. With that said, consumers are then left with many questions and…

Designed to help businesses the financial industry deems “high risk,” such as CBD and hemp product retailers, Tasker Payment Gateways’ new High-Risk Resource Guide contains specific product guides and information for many site builders and shopping carts, as well as general tips and advice for high-risk e-commerce, including search engine optimization (SEO). Updated for 2022,…

  Boston-based law firm Burns & Levinson announced two additions to its team to strengthen its nationally-known cannabis business and law advisory group. Joining the firm are partner Max Borg and associate Douglas Ginn. Both have strong cannabis industry legal expertise. Burns & Levinson was the first major Boston corporate law firm to develop a…

Business incubator and investment group CapStone Holdings Inc. welcomed retired 15-year NFL veteran Charlie Batch as its senior vice president of strategic investments. Batch will help the Bonita Springs, Fla.-based CapStone grow its investment portfolio and partnerships in the emerging medical marijuana and technology-focused industries. Known to sports fans for his tenure as a quarterback…

The SuperNet payment network cleared a financial hurdle on its way to introduce a cannabis credit card in 2022. Billing itself as the only payment network that officially accepts and grants permission to process transactions from cannabis merchants, SuperNet closed on financing an undisclosed amount in its series A funding round aimed at helping launch…

Denver-based Akerna Corp., a leading enterprise software company and the developer of the comprehensive technology infrastructure, ecosystem and compliance engine powering the global cannabis industry, this week issued a statement in Q&A form to help inform members of the cannabis industry and those interested in investing in it about recent news of so-called “Cashless ATM”…

  Phoenix-based hemp retailer and distributor Pure CBD Vapors will acquire Cloud9Hemp.com, a Nashville-based brand that specializes in cannabidiol (CBD) products. Both companies were founded in 2014. Cloud9Hemp sought out to offer a legal alternative to medical cannabis, seeing CBD derived from hemp as a fully capable option based on decades of research detailing the…

  Thomas Mulloy, senior editor with CBDRetailTrends.com and CStore Decisions magazine, welcomes Jeff Ragovin, chief commercial officer with Fyllo, a company whose mission is providing compliance-first solutions for highly regulated industries. Ragovin discusses the difficulties for CBD manufacturers and retailers in navigating a continually shifting regulatory landscape, as well as mainstream companies entering the CBD/hemp…

Leading retail-focused cannabis company High Tide Inc. announced this week it has entered into a definitive agreement to acquire 80% of Denver-based NuLeaf Naturals. High Tide will pay $31.24 million for the 80% stake in NuLeaf and will have a three-year option to acquire the remaining 20% at any time. Based in Calgary, Alberta, High…

High-risk payment gateway provider Organic Payment Gateways now supports WooCommerce payment processing for products containing new cannabis derivatives delta-8 and delta-10, in addition to traditional CBD. Delta-8 and delta-10 are growing in popularity among WooCommerce e-commerce businesses. The new demand is causing a spike in interest for affordable, reliable delta-8 and delta-10 payment gateways that…

U.S. Hemp Brokerage (USHB) announced recently it will open an office in Tampa, Fla., to cultivate relationships with retailers and distributors in the Southeast U.S. The Boulder County, Colo.-based business provides professional brokerage services to hemp farmers, processors and manufacturers of industrial hemp materials and products. “As a long time Floridian who grew up in…

The U.S. Hemp Brokerage LLC (USHB) and cannabinoid (CBD) product manufacturer NuLeaf Naturals have joined in a partnership for developing convenience and specialty store programs for NuLeaf’s CBD and full spectrum hemp products. NuLeaf Naturals CEO Ian Kelly cited USHB’s experience and leadership with developing the dispensary and large scale convenience and specialty store programs…

DENVER – CBD health and wellness company HempFusion Wellness Inc. has completed its previously announced acquisition of Apothecanna, acquiring 100% of the interests in the company for the initial consideration of US$15 million. “With the recent Sagely Naturals acquisition and now closing of the Apothecanna acquisition, HempFusion is in its strongest position to date,” said…

CHARLOTTE, N.C. – THC-free cannabidiol products maker cbdMD Inc. announced it has entered into a letter of intent to purchase CBD online marketplace DirectCBDOnline.com, from Twenty Two Capital LLC. “Owning a CBD online marketplace that sells various CBD brands provides unique transparency to better understand consumer spending habits and trends across the wider CBD and…

  Already the largest U.S. supplier of vertically-integrated CBD consumer packaged goods, leading plant-based wellness company Kadenwood has been busy raising money to further accelerate the brand’s mission to normalize CBD in health and wellness products through scale, strategic partnerships and acquisitions. Kadenwood is dedicated to fostering consumer trust and transparency. The company recently raised…

High Purity Natural Products, a division of Future Farm Technologies, announced recently that it is now offering financing options to wholesale customers. High Purity has partnered with leading fintech platform Lendica Corp. to implement the financing agreements with wholesale clients. “We are incredibly excited to be able to offer financing services to clients in need…

  Having founded Natural Life, one of the first multi-unit of retail stores to specialize in both CBD products as well as other holistic plants, I have learned a few things that could have made getting this now successful business off the ground much easier. As with founding any company, it’s critical to have very…

  SCARBOROUGH, Maine – According to new CBD start-up information provided by the Maine-based CBD payment solution Organic Payment Gateways, Washington, D.C.; Vermont; and Colorado have the highest rates of online CBD start-ups when adjusted for population. Washington is the most active. Due to the long history of cannabis acceptance in this pair of states…

Proposed law would address current federal restrictions that prohibit banks interacting with hemp, cannabis and marijuana businesses. Colorado Gov. Jared Polis unveiled a plan through which he seeks to have the federal government increase the number of financial institutions conducting business with the legal marijuana industry. U.S. Rep. Ed Perlmutter, a Democrat who represents the…

PORTLAND, Maine – The current widespread proliferation of CBD-based products has further highlighted the rapid expansion of the industry with more retailers and medical outlets continuing to sell CBD products. Research by CBD market analyst the Brightfield Group projects that the U.S. hemp CBD market will reach $22B by 2022. While getting a piece of…