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U.S.: 7th Annual Hemp History Week Features Events June 6-12

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The 7th annual Hemp History Week will be observed June 6-12, 2016, marked by several special events during the campaign. Hemp History Week is the national effort of grassroots organizers, leading hemp product manufacturers, farmers and advocates from all walks of life, working to change federal policy on industrial hemp in the United States.

This year promises to be an historic time in the movement to legalize hemp farming, as more farmers than ever before are planting hemp in states that have lifted prohibition on the crop. The 7th annual campaign will include grassroots events across the country, nationwide retail events and promotions, hemp plantings (in some states where hemp farming is legal under Section 7606 of the U.S. Farm Bill), documentary screenings, farmer outreach, and more.

In addition to its sponsorship of the national program, CV Sciences, via their PlusCBD Oil™ brand, will also be hosting and participating in a number of events focused in California and Kentucky.

Nevada: CannaVest Terminates Agreement With HempMeds; Reports 3Q Financials

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CannaVest Corporation this week reported financial results for the third quarter 2014. During the third quarter, CannaVest terminated its non-exclusive license and distribution agreement with HempMeds PX, LLC, which had granted HempMeds a non-exclusive, worldwide license to promote, market, sell distribute and service CannaVest's products and an exclusive right to online sales.

"The HempMeds Agreement termination resulted in a significant revenue loss for the Company but provided an opportunity for CannaVest to better control its sales channels, brand awareness and future profitability without having to rely on a single customer relationship," the company reported. "The termination also allowed CannaVest to pursue revenue from online sales."

"Our worldwide commitment to expanding the science, awareness and benefit of our PlusCBD™ brand of cannabidiol oil and products is gaining traction," said CannaVest CEO Michael Mona Jr. . "The termination of the HempMeds Agreement required that we immediately expand our sales and marketing capability to better control the growth trajectory of CannaVest.

"We have expanded our sales force, commenced e-commerce operations and have made strategic marketing investments," Mona said. "Since the termination, we have made great progress.

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