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📰🌿CBD News Oct 25 2019

posted Oct 25, 2019, 3:58 AM by Scott Salisbury   [ updated Oct 25, 2019, 10:51 AM ]


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Q: What are the top CBD companies on the market? A: In a crowded market like the CBD space, it can be challenging to say exactly who is the top-dog of CBD.
But based on revenue and market penetration, here are four companies that we believe deserve to be considered leaders in the CBD market.

  1. Charlotte's Web Holdings
  2. CV Sciences
  3. GW Pharmaceuticals
  4. MedTerra

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Last week, GW Pharmaceuticals (NASDAQ: GWPH)
released its financial results for the second quarter, and the results surprised analysts and investors alike. Year-over-year, the company’s revenue for the quarter rose from $3.3 million to $72 million, an increase of 20.8x. Most of that revenue came from sales of the company’s flagship drug, cannabidiol (CBD)-derived Epidiolex, which reached $68.4 million for the quarter and $101.9 million for the first half of the year, destroying even the most bullish of industry predictions.


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Hornell Evening Tribune
 “That’s why I’m calling on the FDA to do its job in a timely manner and issue guidance related to CBD classification, labeling, quality, marketing, and sales. And once the feds spell out these ABC’s of CBD, the industry will seed and grow from one corner of the state to the other, many jobs will be created in the industrial hemp space, and farmers will be able to safely cash in on this cash crop.”


Argus Leader
Hemp has been legalized federally, but South Dakota is one of three states that hasn't legalized industrial hemp, and Gov. Kristi Noem (Republican) has indicated that she plans to veto a bill legalizing it next year. A May memo issued by the U.S. Department of Agriculture's Office of General Counsel concluded that states can't prohibit interstate transportation or shipment of hemp that was legally produced.


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The CBD Store bringing on Saphire Essentials (signed coming soon)



WTOK
JACKSON, Miss. (WTOK) - Top officials from the Mississippi Department of Public Safety, Mississippi Bureau of Narcotics and the Mississippi Department of Health held a joint press conference Wednesday warning the public on the dangers of all CBD products available for purchase in the state.



Several studies have indicated that the endocannabinoid system — including the endocannabinoid anandamide and cannabinoid receptors — is altered in Parkinson’s patients and animal models of the disease and that targeting it may prevent loss of dopamine-producing neurons, reduce inflammation, and ease Parkinson’s symptoms.



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