CBD Monthly Update — August 2019CBD Monthly Update — August 2019

FDA issues another claims warning

The agency sent a letter to Massachusetts-based Curaleaf for selling unapproved CBD products with unsubstantiated health claims for treating cancer, Parkinson’s disease, opioid withdrawal, pain and pet anxiety. The FDA sent similar warning letters to three other companies earlier this year. Read more at FDA.gov...

Big move by northern neighbors

Canadian company Cronos Group is acquiring U.S.-based Redwood Holding Group (Lord Jones), a retailer of CBD-infused products including bath salts and body lotion, for $300 million. Read more at Business Insider...

Infusing data

Headset, a cannabis analytics firm, tracks retail sales of hundreds of thousands of pot products (and billions of dollars) in real time. It’s just one of a wave of new companies trying to bring critical consumer metrics to manufacturers and retailers. Read more at GeekWire...

Stupid crop thieves

Cops across the country report a rash of industrial hemp crop thefts by not-so-smart criminals who believe the hemp will get them high. Authorities in Pennsylvania, Tennessee, Vermont and North Carolina have issued statements conveying that industrial hemp will not, in fact, get you high. Read more at Modern Farmer...

CBD officially more popular than Beyonce

And Kim Kardashian. At least when it comes to internet research. CannabisMD’s Knowledge Navigator analyzed searches from more than 12,000 URLs across the web, along with social media platforms such as Instagram and Twitter, to find that searches for the ingredient spiked exponentially in the past year. Read more at Observer...

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