This week, Charlotte Figi, whose medical condition inspired the low-THC strain, and later company name, Charlotte’s Web, passed away from COVID-19 complications. A growing number of hemp companies across the country have begun making hand sanitizer to fill the growing need in the U.S.
Here are this week’s top headlines you might have missed.
- National: As the coronavirus continues to permeate every corner of daily life, it’s led to a crossroads for the newly developing cannabidiol (CBD) industry. Companies that have an online presence have fared well so far, but smaller businesses and those without online sales may have greater challenges ahead. Read more
- Colorado: Charlotte Figi, the young girl whose medical condition inspired the Stanley Brothers to develop the low-THC strain Charlotte’s Web, has died due to COVID-19 symptoms. She was 13. Read more
Meanwhile, Hemp Depot, a vertically integrated hemp and CBD company, has started producing hand sanitizer to help with the spread of the coronavirus and to retain its staff. Read more
- Massachusetts: Boston-based Burns Levinson, along with the team from Vicente Sederberg, recently discussed the additional steps hemp businesses may need to take when applying for loans that are now available from the federal government’s new small business loan packages. Read more
- Nevada: Three lawsuits allege a cannabis entrepreneur defrauded investors by failing to pay back $1.2 million in loans. Solace Holdings LLLP, Aether Gardens and Telloni Holdings Limited filed the lawsuits against entrepreneur Case Mandel and his companies Cannadips LLC and Trinidad Consulting LLC in the U.S. District Court for the District of Nevada, and state courts in Nevada and California. Read more
- Pennsylvania: Thar Process, a hemp processing company in O’Hara Township, Pa., near Pittsburgh, has begun to create hand sanitizer to protect its city’s homeless population, its local government workers and the company’s own employees from COVID-19. Read more