Brooklyn, New York’s district attorney will reportedly drop the felony drug charges against the recipient of 106 pounds of hemp arrested earlier this month, according to NBC New York. Ronen Levy was arrested after FedEx tipped off police about the shipment, which was sent from Vermont and tested under legal THC limits.
A new shop offering organic CBD products for both humans and pets posted on Instagram this month saying it will open in the near future in Jersey City Heights.
Heights Hemp, a ground-floor store at 487 Palisade Avenue, posted a video tour of the location, saying they were adding the “finishing touches.”
An earlier post in July noted that they will sell “Head and Heal CBD tinctures for people and pets” as well as “any and all things CBD related.”
The war over the legalization of adult-use cannabis in the state has not slowed the expansion of the ever-growing cannabis industry. CBD products, derived from cannabis without the traditional psychoactive effects — and perfectly legal — have become more popular in an explosive growth of related businesses in New Jersey.
With CBD showing up just about everywhere nowadays, it can appear that if you’re not having a CBD coffee in the morning, you’re not living right.
It can be easy to have your viewpoint clouded by all of the hype and to forget that CBD can be attributed to having some remarkable aspects.
Previously, most medicinal claims attributed to CBD were based on animal studies. Recently, however, science-based studies have been conducted on humans for a variety of illnesses.
The FDA is currently accepting information and comments on a public docket in an effort to gather information on CBD. As of July 25, 4,492 comments had been received.
Until further regulation, New Jersey eateries that serve CBD-infused food have the go-ahead as long as their products don’t cross state lines. Jeff Brown, the assistant commissioner of the Department of Health’s Medical Marijuana Program, said that doesn’t mean the agency, which also oversees food safety in the state, endorses the use of it.
The cannabis sector has hit a summer slump, weighed down by a series of scandals, regulatory deadlock and a growing sense that the industry is not delivering the gold rush-like returns that some investors were expecting.
The ETFMG Alternative Harvest ETF MJ, +0.74% has fallen 17% in the last three months, as the major stock benchmarks have stretched to fresh highs. The S&P 500 SPX, +0.74% and Dow Jones Industrial Average DJIA, +0.19% have gained about 3% in that time frame and hit record levels.
Cannabis stocks were mostly lower on Tuesday, led by Curaleaf Holdings, after the U.S. Food and Drug Administration sent a warning letter to the company for claiming CBD-based products could treat a range of serious diseases, including Alzheimer’s disease.
Curaleaf CURLF, -7.27% is “illegally selling unapproved products containing cannabidiol (CBD) online with unsubstantiated claims that the products treat cancer, Alzheimer’s disease, opioid withdrawal, pain and pet anxiety, among other conditions or diseases,” the FDA wrote.
Fueled in part by CBD product sales and Canada's recent legalization of marijuana, the world's cannabis market could notch $15 billion this year.
Industry insiders are forecasting that global cannabis sales could total $14.9 billion in 2019, up 36% from 2018, according to a new report released Thursday.
The country is moving forward with legalization at a record pace — but what that actually means can vary wildly from state to state. Some that are “medically legal” consider limited access to CBD to be enough, while others allow full recreational use, offering all forms of THC-rich, psychoactive products to anyone over 21. And then there’s Alabama. Here, a breakdown of what’s legal, what’s not, and where you should be looking next.
Over the past few years, signs proclaiming "We have CBD!" and "CBD sold here!" have appeared in the windows of coffee shops, cafes, convenience stores and smoke shops.
CBD is sold in smoothies and brownies, coffee and cookies — even as a standalone tincture, oil or balm you can add to anything you like — with the promise that it will calm anxiety, help you sleep and ease your aches and pains.
But what is it?
The first thing to understand about CBD is not what it is, but what it isn't: marijuana.