Connect with us


Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) Announces it Will Expand Distribution Following Passing of Assembly Bill 45



Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) has announced that it will expand product distribution in California following the state passing Assembly Bill 45 (AB 45) on October 6. The law allows cannabis businesses to sell products with cannabidiol such as pet products, over-the-counter products, topical, and dietary supplements.

Because of the new law, Charlotte’s Web expects retailers in California to accept products from the company or increase their shipments. The company has many national retail partners who operate stores in over 1000 California locations.

Cecilia Aguiar-Curry played a role in the passing of the bill

According to Deanie Elsner, the CEO of Charlotte’s Web, the bill will benefit various people, such as customers who want high-quality hemp-derived products, retailers and farmers. The passing of the law has been made possible by Aguiar-Curry, an assembly member who worked tirelessly to legalize hemp-derived cannabidiol.

The assembly member Cecilia Aguiar-Curry adds that her team is grateful for the retailers, manufacturers, public health, and consumer groups who showed support for the bill in the three years that it took to make it pass. Aguiar-Curry’s main goal was to ensure consumers got legal and safe products rather than unregulated products. The move will also allow manufacturers, retailers, and farmers to be part of the market, increasing jobs and economic growth for the state.

Hemp in California was legalized in 2018

The state previously legalized hemp farming using the 2018 Farm Bill. However, it did not offer legislation for the national supply chain or federal preemption. For this reason, retailers, manufactures, and farmers were highly limited in growth.

Elsner adds that the law draws attention to the need for the federal regulation of Hemp-derived cannabidiol from congress. Charlotte’s Web will continue to support and give resources to ensure measures that enable a credible and safe industry, such as the House of Representative Bill 841, are considered.

The company, which was formerly known as Stanley Brothers Holdings Inc, changed its name in 2018. It is a certified B coolant with its headquarters in Denver, Colorado. Charlotte’s Web develops whole-plant hemp-based supplements inform of pet products, topical, gummies, capsules, and tinctures.

Charlotte’s Web sells its products brands such as Harmony Hemp, CBD Clinic, CBD Medic, and Charlotte’s Web.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.


Business5 hours ago

CV Sciences Inc. (OTCMKTS: CVSI) Reports 8% Drop In Sales In Q3 2021 Attributable To Regulatory Uncertainty in CBD

Post Views: 7 CV Sciences Inc. (OTCMKTS: CVSI) has announced its third-quarter 2021 financial results for the period ending September...


AuxlyCannabis Group Inc. (OTCMKTS: CBWTF) Reports Net Revenue Growth 95% In Q3 2021

Post Views: 49 Auxly Cannabis Group Inc. (OTCMKTS: CBWTF) has announced its financial results for the third quarter and nine...


Vivo Cannabis Inc. (OTCMKTS: VVCIF) Releases Q3 2021 Net Revenue of $6.2 Million as It Expands Internationally

Post Views: 32 Vivo Cannabis Inc. (OTCMKTS: VVCIF) has released its Q3 2021 operating and financial results for the quarter...

Business6 hours ago

Rubicon Organics Inc. (OTCMKTS: ROMJF) Announces 124% YoY Growth In Revenue in Q3 2021 After Launching New Brands

Post Views: 11 Rubicon Organics Inc. (OTCMKTS: ROMJF) has released its Q3 2021 results ending September 30, 2021, in which...

Business1 day ago

Sugarbud Craft Growers Corp (OTCMKTS: SBUDF) Reports 120% Sequential Revenue Growth in Q3 2021

Post Views: 14 Sugarbud Craft Growers Corp (OTCMKTS: SBUDF) has filed its unaudited consolidated preliminary financial statements for the quarter...

Business1 day ago

Indiva Limited (OTCMKTS: NDAF) Reports 143% YoY increase in Revenue In Q3 2021

Post Views: 46 Indiva Limited (OTCMKTS: NDAF) has announced its operating and financial results for the third quarter ending September...