The U.S. Food and Drug Administration (FDA) has issued its latest batch of warning letters to five companies that the agency claims are illegally selling CBD food and beverage products.The FDA issued the warning letters to 11-11-11 Brands, Naturally Infused LLC, Newhere Inc dba CBDFX, Infusionz LLC and CBD American …
New Products Drive Revenue Growth for Canadian Edibles Maker Indiva
Canadian edibles producer Indiva (TSXV: NDVA) (OTCQX: NDVAF) launched a “record number” of new products in the third quarter of 2022, which drove up revenues to year-over-year growth of 5.9%, but the company still recorded a loss of $1.9 million, according to its third-quarter financial statements. Net revenues were $5.9 …
Psychedlics Companies Report Strong Research Investment
The maturing psychedelics industry has watched superstar companies come and go. It happens in nascent industries, especially one aligned with federally illegal substances. But even without any revenue-making product, which is standard operating procedure for most of the top psychedelics companies, there are still some interesting movements by companies to …
Oregon Regulators Address ‘Gaming’ of THC Potency Testing
Oregon cannabis regulators approved a final rule Nov. 17 to address gaps in the regulated laboratory testing sector that have drawn licensee complaints about THC potency numbers in the competitive state environment. Under the new rule, the Oregon Liquor and Cannabis Commission (OLCC) may require a licensee to submit …