📰🌿CBD News May 10 2019

posted May 10, 2019, 5:10 AM by Scott Salisbury

the cbd store

First Quarter 2019 Preliminary Financial Highlights (Approximate)

  • Organic consolidated revenue of $21M – $22M
  • 50% from e-commerce sales
  • Gross Margin in a range of 70% to 75%
  • Adjusted EBITDA¹ between $4.0M to $4.5M, or approximately 20%
  • Net Income between $2.0-$2.5M
  • Retail doors have surpassed 6,000 at May 8, 2019
  • Doubling hemp acreage planting for 2019
the cbd store


Tennesse 
The T.D.A. numbers show the number of hemp growers has grown 12-fold from 2018 to more than 2,700 licenses in 2019.


KLAMATH, California Hemp Farming YES! 
The Yurok Tribe is currently the largest Tribe in California, with more than 5,000 enrolled members. The Tribe provides numerous services to the local community and membership with its more than 200 employees. The Tribe’s major initiatives include: the Hoopa-Yurok Settlement Act, dam removal, natural resources protection, sustainable economic development enterprises and land acquisition.




Illinois

Hundreds of applications received for industrial hemp

SPRINGFIELD, Ill. — Over 350 growers and processors of industrial hemp submitted applications during the first couple days the Illinois Department of Agriculture began the process. The application process was initiated at 9 a.m. on April 30, and the following day, the department had received 295 requests from growers and 74 from processors.


Yahoo Finance

Shakeups Continue with CBD/Hemp Related Payment Processing

COLORADO SPRINGS, Colo.May 10, 2019 /PRNewswire/ -- Merchant processor Fortress Payment Technologies recently notified all their e-Commerce customers selling CBD products that they would no longer be able to process Visa payments through their bank. Some of their merchants received less than eight hours of notice of these changes.  This trend has been especially troubling and disruptive to the CBD/Hemp related businesses who have struggled to maintain access to consistent banking services.

Yahoo Finance
Scott Salisbury 
🌿🌱 Shopping for CBD www.BuyCBD.co
Scott.Salisbury@CBDStore.co  253 221 9051
Founder (🎪The CBD Store and 🎪Hemp Extracts 🎪Green Globe Hemp)
    LinkedIn Founder of LinkedIn Group CBD Health and Wellness
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