This Plant Product Is Growing Prolific Profits at Independent Pharmacies

Press Release December 18, 2018

Have you heard of independent pharmacy’s latest cash cow? Or more appropriately, cash crop?

Cannabidiol (CBD), a non-psychoactive compound of cannabis, is growing profits at a prolific pace among retailers across the country. The natural product purports a bevy of therapeutic benefits without the requirement of a prescription or the risk of addiction. And consumers are all in.

This year, the CBD market reached $500 million, according to Statistica. An optimistic estimate by the Brightfield Group a cannabis industry analyst, places the market at $22 billion by 2022—presuming legalization of hemp from a pending farm bill.

A more conservative estimate predicts the market to reach nearly $2 billion, still an enormous number considering it was just over $100 million in 2014.

Right now the market is populated by shops of every sort—head shops, nutrition stores, local grocers, dispensaries, farmers’ markets, online stores. None of those retailers carry the clout of a Doctor of Pharmacy. Pharmacies are perfectly positioned to dominate sales of this novel natural product that comes with so many question marks.

“Pharmacies have a distinct advantage over other retail or online sites selling CBD,” said Danny Bannister, co-owner of Natural Native, a supplier of CBD products. “People have learned to trust in their pharmacist. They expect him or her to have vetted and researched the products they carry and recommend.”

This is true for Jesica Mills, who’s been selling CBD at her community pharmacy for just over a year. “People want to get it from a pharmacy and from a pharmacist,” said Mills, PharmD, MBA, RPh, CNHP, owner of Owensboro Family Pharmacy in Kentucky. “Because everyone takes some sort of prescription medicine, they want to know what the side effects are going to be, how to take it, how to dose it.”

Even more, independents have the CBD pharmacy market cornered for the time being. National chains are unlikely to take the plunge until the legality is crystal clear at the federal and state level and they’re able to sell the products nationally.

Current CBD revenue reports from independent pharmacies are off the charts, even for those who’ve just begun selling the products. Mike Bellesine, owner of TrueCare Pharmacy in El Dorado, Kansas, collected $10,000 in six days selling the plant product. He anticipates $10K-$15K per month at a minimum. Mills’s pharmacy makes $15K per month in sales. Natural Native and Ananda Professional, two major CBD suppliers, have had clients earn up to $30K in a single month.

“The most compelling reason for getting on board with CBD comes from pharmacy owners who have been in the business a long time,” said Chuck Schneider, chief revenue officer of Ananda Professional. “These owners state they have never seen a better front-end profit generator for independent pharmacies than CBD.”

These products come with a 40–50 percent margin on average, all cash. And unlike the cents-to-dollars profit your pharmacy makes on most OTC products like acetaminophen, CBD brings hefty profit with products ranging from $50 to $300, Bellesine said.

More than that, many of the patients purchasing CBD are high-needs patients managing chronic conditions such as cancer and autoimmune disease. Offering CBD can attract those patients to your pharmacy, potentially earning their prescriptions as well.

After a marketing push in the first few weeks of selling CBD, Bellesine earned around 70 prescription transfers in a matter of days. And he’s been rolling out the products slowly to ensure he’s doing it right.

PHARMACIES HAVE A DISTINCT ADVANTAGE OVER OTHER RETAIL OR ONLINE SITES SELLING CBD. PEOPLE HAVE LEARNED TO TRUST IN THEIR PHARMACIST.

Although CBD draws in high-needs patients, the people buying CBD come from every corner and with every condition, even from those you’d least expect. “There are people who have Medicaid, who have issues with one or two dollars on their copays, and they will spend 70 dollars on CBD oil without blinking an eye,” Mills said.

More and more, patients are looking to get away from traditional medication and get into natural remedies like CBD. “There’s such an increase of people wanting natural products over prescriptions now,” said Mills, who also has a doctorate in natural medicine. “We’re able to counsel on natural products, and that’s attracted quite a few new natural-minded patients. It’s opened the door for a whole different set of clients to come in, and leads to more fulfillment as a pharmacist.”

Bellesine, who’s owned TrueCare Pharmacy for 36 years, has never seen more promise from a product. “If your state allows it, I recommend getting this product on your shelf,” he said. “It is a high-dollar, high-margin product and it really works.”

Schneider believes independent pharmacies could easily and drastically boost profits even if they want to move slowly. “With so many people that it can apply to, there’s no reason why they shouldn’t easily be able to start a patient a day on CBD,” he said. “If they start a patient a day, that pharmacy will improve their profitability by $60,000 per year.”

What is CBD?

CBD is a natural constituent of the cannabis plant, typically hemp. CBD sold commercially can’t contain more than .03 percent THC (tetrahydrocannabinol), the chemical responsible for the psychoactive effects induced by marijuana. Manufacturers distill CBD into an isolate or as the primary active ingredient among other cannabinoids. It’s formulated into several variations including oil, ointments, balms, water, edibles, and more.

There are more than 100 cannabinoids in cannabis. CBD and THC are the most prevalent. All the cannabinoids are said to contribute health benefits. Using them all together, referred to as “full spectrum,” creates what’s called an entourage effect, compounding the therapeutic effectiveness.

CBD doesn’t come with the same risks as its sibling cannabinoid THC. According to the World Health Organization, “In humans, CBD exhibits no effects indicative of any abuse or dependence potential. To date, there is no evidence of recreational use of CBD or any public health-related problems associated with the use of pure CBD.”

Health benefits of CBD

The science behind CBD’s therapeutic benefits revolves around the endocannabinoid system. This system in humans regulates all sorts of homeostatic activities, said Dr. Alex Capano, DNP, CRNP, FNP-BC, medical director for Ananda Professional and faculty at The Lambert Center for the Study of Medicinal Cannabis and Hemp at Thomas Jefferson University.

The system contains receptors for cannabinoids throughout the body, including the brain, digestive system, and lymphatic system. Our bodies already naturally produce two cannabinoids, but “we can harness the potential of the endocannabinoid system through these plant-derived cannabinoids,” Capano said.

The reason CBD’s therapeutic properties remain controversial is a lack of conclusive clinical evidence. CBD is still in its early stages of study, although research is increasing rapidly. Many of the common health claims come from animal or preclinical studies, some of which have shown CBD’s promise to reduce pain and inflammation.

The strongest evidence, according to a comprehensive review of cannabinoid studies from the National Academies of Sciences, Engineering, and Medicine, shows that cannabinoids can be effective in improving two conditions: patient-reported multiple sclerosis spasticity symptoms and short-term sleep outcomes in individuals with sleep disturbance associated with obstructive sleep apnea syndrome, fibromyalgia, chronic pain, and multiple sclerosis.

The demand for CBD is driven mainly by anecdotal evidence. But the word-of-mouth success stories are plentiful. “Although I was skeptical at first about its benefits and possibly the psychological perception of our patients relating us to hemp sales, we kept hearing story after story of how our patients are able to reduce their pain meds, how much better they are sleeping, and how much less stress and anxiety they are feeling,” Bellesine said. “When you have patients on fixed income coming back and sometimes paying over $100 per bottle for CBD, you know it’s working.”

In a survey from the Brightfield Group and HelloMD, a digital healthcare platform for the cannabis industry, 82 percent of users claimed CBD was a “very effective” treatment. In another survey by Consumer Reports, 90 percent of people who took CBD claimed it helped treat their medical condition.

Many patients are even tapering off prescription and OTC pain medicine once they start taking CBD. In the HelloMD survey, nearly half of the CBD users said they had stopped using traditional medications after starting on CBD. One of Bellesine’s patients with crushing lumbar discs was able to cut his Percocet dose in half. One of Mills’s patients was able to switch from Oxycontin 30mg daily to Oxycodone 5mg daily. Another had been taking Clonazepam 2mg four times a day and has completely discontinued the medication.

“I’ve realized that pharmacists are dispensing pills to people that really don’t want to take any of them,” Mills said. “Every single person that I’ve talked to doesn’t want to take any pills. Patients are wanting to stop taking their narcotic medicines like Xanax and Percocet, actively looking for something healthier for them.”

Legality of CBD

If the Hemp Farming Act of 2018 becomes law, hemp-derived CBD will effectively be legal federally. The bill removes hemp from the controlled substances list and legalizes cultivation of the crop nationally. Hemp products would be considered agricultural commodities, and regulatory authority would fall to the USDA and state departments of agriculture.

Until then, the 2014 Farm Bill, per section 7606, allows hemp with less than .03 percent THC to be legally grown and sold under specific circumstances in certain states that allow it. The crop must be grown or cultivated for purposes of research conducted under a state-approved agricultural pilot program or other agricultural or academic research. The state agencies or universities in these programs can license third parties to grow hemp and sell products derived from it, which is how suppliers like Ananda and Natural Native can legally manufacture CBD and sell it to your pharmacy.

In addition, a 2016 law explicitly prohibits enforcement agencies, most notably the DEA, from using federal funds to “prohibit the transportation, processing, sale, or use of industrial hemp” that is grown in accordance with the 2014 Farm Bill.

Lastly, a court ruling between the DEA and Hemp Industries Association determined that imported, non-psychoactive hemp does not fall under the purview of the Controlled Substances Act.

“Taken together, the Ninth Circuit’s order in Hemps Industries Ass’n v. Drug Enforcement Administration and the Farm Bill and Omnibus Law appropriations riders constitute an expansive, permissive federal regime for industrial hemp,” wrote two attorneys from the office of Frost Brown Todd in a legal analysis. “These authorities legitimize industrial hemp and derivative products and immobilize federal agencies that might otherwise pursue enforcement.”

Although CBD has been allowed federally under specific circumstances, each state has the right to allow or disallow it. The analysis from Frost Brown Todd did not find explicit prohibitions in any state nor explicit permissions in most states.

Even if CBD can legally be sold in your state, it can’t come with any health claims, no matter how minor.

At TrueCare Pharmacy, Bellesine said he’s very careful not to promise patients anything. Instead, he simply offers testimony from his patients who’ve experienced benefits. “When I talk to people, I say, ‘This is just what other people are telling us. They are coming back and telling us the same things.’”

The bottom line for your pharmacy: Purchase only from suppliers who’ve obtained CBD from hemp cultivated in accordance to the 2014 Farm Bill; make sure your state allows it; and don’t make any health claims.

Purchasing CBD products

With little-to-no regulation, CBD products are easily susceptible to fraud. Without proper vetting, your pharmacy could end up with products that don’t contain CBD at all, contain less CBD than claimed, contain too much THC, or contain contaminants, among other risks.

“So much of this is really the wild west,” Schneider said. “You can buy a product, and seven out of ten times what’s in the bottle doesn’t match what’s on the label.”

2017 study published in JAMA found that 69 percent of CBD products purchased online were mislabeled, containing more or less ingredients than claimed. Twenty percent had THC levels high enough to potentially result in intoxication or impairment. Over the last three years, the FDA has sent more than 40 warning lettersto CBD sellers who’ve falsified the content in their products.

Bannister and Schneider both said to make sure your supplier can provide a certificate of analysis for each batch of products to verify its purity and its THC level. Bannister suggested going a step further by tracing the products to the original farm. Schneider emphasized the importance of seeing the supplier’s license with the state agriculture department or university operating under a pilot program.

Another important factor to consider is the amount of resources and education the supplier can provide. “Everything starts with education,” Schneider said. “Most pharmacists never studied the endocannabinoid system and are not familiar with how CBD works in the body. A reputable company will provide training for the pharmacy owner and staff.”

Some suppliers offer an initial training session on the endocannabinoid system and the fundamentals of CBD. That’s how Mills gained the majority of her knowledge initially, mostly from Ananda Professional. “When you’re first getting started, a lot of your information will come from the company you’re buying from,” Mills said.

CBD education

CBD is a novel product with little clinical evidence, lots of anecdotal proclamations, stigma associated with marijuana, and confusing legality that make many consumers hesitant. The majority of CBD users learn about it from friends, family, and the internet.

Your pharmacy may be patients’ only reputable source on CBD information, and you’re likely their most reputable source. The best way to know how to counsel patients on CBD is to learn the science for yourself, said Mills. “Take a look at the reason why it works, because once you understand why it works then you understand why it works for so many different things.”

Some sellers and suppliers claim that because CBD is a natural product, it won’t interact with any other drugs. Pharmacist Bellesine knows better. “It does have a lot of interactions,” he said. “Just as you would with any drug, you want to learn CBD’s interactions and be able to counsel patients on the product. That’s where the pharmacy really shines because we understand the drugs, we understand the possible side effects, we understand how they’re taken out of the body. The head shop down the street doesn’t have a clue.”

Bellesine began by researching the only FDA-approved drug containing CBD, Epidiolex. That provided some insight on possible interactions, as well as the possible side effects. “If you’re going to be a good pharmacist, you better understand your drugs or nutraceuticals that you’re going to be dispensing,” he said.

PHARMACY OWNERS STATE THEY HAVE NEVER SEEN A BETTER FRONT-END PROFIT GENERATOR FOR INDEPENDENT PHARMACIES THAN CBD.

Deciding dosing is tricky because CBD isn’t a well-researched or tested product. “We don’t have evidence where we can give you definite dosing guidelines for specific conditions,” said Dr. Capano. “But we do know the safety profile of these CBD hemp oils is fantastic. “

Most suppliers will provide dosing recommendations. Capano suggests starting with 10mg–15mg and titrating up slowly every three days until finding the right dose for the patient.

Lastly, your pharmacy should inform every patient about CBD’s effect on drug tests. This has been a significant issue for Mills in the year she’s been offering CBD. Even though legal CBD products contain no more than .03 percent THC, that can be enough to show up on a drug test, Mills said.

“Identifying those people and asking if they’re drug tested was one of the things we had to learn the hard way. We had a few people who were not able to get a job because of the CBD oil,” Mills said. “We always tell people, if you can’t risk it, THC-free is the way to go.”

However, Capano said even THC-free products won’t always put patients in the clear. “They can cause a false positive with the most commonly used immunoassay tests, because they have low specificity and can confuse CBD for THC,” she said. “A hair or serum test will confirm a true negative in these cases, but a false positive is certainly possible.”

Forecasting the future 

We’re in the budding stages of the CBD rush. With so many variables lurking legally and scientifically, no one can predict how long the market will stay this hot. If the 2018 Farm Bill is passed, there will likely be an influx of suppliers, driving prices, and therefore profits, down. Once national pharmacies and retailers get involved, competition will be steep.

In addition, new scientific research could contradict many of the current claims and consumers may begin to abandon CBD altogether. On the other hand, studies could corroborate the therapeutic benefits or discover even more. The market could continue to cruise and even expand.

Either way, pharmacies should always keep their advantage over other retailers. “We have the edge of being the experts in drugs,” Bellesine said. “Knowledge along with your good pharmacist reputation will draw patients to you.”

For the moment, the bandwagon is barreling forward. Will your pharmacy hop on? “The time is perfect for independent pharmacies to get involved with CBD and do so before the chain pharmacies and mass merchandisers,” Schneider said. “There is no better retail location for patients to turn to than an independent pharmacy.”

You’re Probably Taking CBD Oil Wrong

When it comes to the cannabidiol market, it’s hard to know which brands are for real and which are just blowing smoke. Here are the ABC’S of CBD. 

Press Release November 14, 2018 Read More

Media Releases See More

You’re Probably Taking CBD Oil Wrong

When it comes to the cannabidiol market, it’s hard to know which brands are for real and which are just blowing smoke. Here are the ABC’S of CBD. 

Press Release November 14, 2018 Read More

DEA Plans to Quintuple Amount of Cannabis Grown for Research

The U.S. Department of Justice and the U.S. Drug Enforcement Administration (DEA) have proposed to significantly increase the amount of cannabis that can legally grow in the U.S. for research purposes and reduce the number of opioids that are manufactured in the nation in 2019. The 2019 Aggregate Production Quota for Schedule I and II … Continued

Press Release October 10, 2018 Read More

Jefferson Gets $3M for Cannabis Research

Australian philanthropists Barry and Joy Lambert gave the donation to Jefferson’s medical cannabis research center. Jefferson University announced today it had received a $3 million donation from Australian philanthropists Barry and Joy Lambert to fund medical research into cannabis. As a result, the school is renaming its cannabis research center the Lambert Center for the … Continued

Press Release August 30, 2018 Read More

Why millionaire Barry Lambert invested $34 million in medicinal cannabis

Barry Lambert is gazing out the picture window of his Sydney home at a multimillion-dollar beach view. Around him his grandchildren fiddle on their phones while his wife Joy sips tea. Lambert drinks a cappuccino he’s just bought at the local café. It’s a charming family scene – except for one thing. At the table … Continued

Press Release August 30, 2018 Read More

Cannabis grower backed by Barry Lambert and Chris Cuffe leaves Australia for US

Australia’s largest medicinal cannabis grower, which is backed by finance sector identities Barry Lambert and Chris Cuffe, has decided to stop production here and move to the US where it says the legal framework is much more favourable.

Press Release August 30, 2018 Read More

Barry Lambert exits Countplus to be Ecofibre chairman

Countplus founder Barry Lambert will step down as chairman of the listed accounting and wealth management firm to become the chairman of hemp company Ecofibre. Mr Lambert said he wanted to focus upon his campaign to legalise medicinal cannabis in Australia.

Press Release August 30, 2018 Read More

Australia’s largest medicinal cannabis grower is packing its bags and moving to the US

Australia’s largest medicinal cannabis grower, which is backed by finance sector identities Barry Lambert and Chris Cuffe, has decided to stop production here and move to the US where it says the legal framework is much more favourable. Ecofibre recently completed a $12 million capital raising with cash from Mr Lambert and Mr Cuffe. But … Continued

Press Release August 29, 2018 Read More

Jefferson Receives $3 Million from Australian Philanthropist to Support Research in Medicinal Cannabis and Hemp

Landmark Gift will Rename the Existing Center for Medical Cannabis Education and Research (CMCER) PHILADELPHIA  – The Institute of Emerging Health Professions at Thomas Jefferson University has received a $3 million gift from Australian philanthropists, Barry and Joy Lambert, to support its Center for Medical Cannabis Education and Research. In recognition of this commitment, the … Continued

Press Release August 7, 2018 Read More

Cannabis as Medicine: Talking Shop with Dr. Charles Pollack of Thomas Jefferson University

After learning the benefits CBD has on those suffering from Dravet’s Syndrome, Australian millionaire Barry Lambert invested over $20 million into cannabis research at the University of Sydney. Continuing his donations to fund the research, Lambert donated $3 million more to Thomas Jefferson University (TJU) in the United States. This research allowed TJU to begin … Continued

Press Release August 7, 2018 Read More

Hemp Producer Ecofibre Ditches Australia’s Medical Cannabis Rules for the US

Citing Australia’s onerous security requirements for growing medical cannabis, prominent Australian industrial hemp grower Ecofibre announced it will move its medical cannabis capabilities from Australia to the United States. The company, backed by Australian millionaire Barry Lambert, has been producing industrial hemp for more than 15 years for use in medical research, fiber, and food products. Despite … Continued

Press Release August 7, 2018 Read More

Australian Research Initiative Will Put Medical Cannabis Claims to the Test

Imagine you’ve lived a full life, had a very successful career, and are just beginning to relax and spend time with your grandchildren. But one of those grandchildren is sick. She has Dravet Syndrome, a rare and difficult to treat form of epilepsy. What would you do? If you were Barry and Joy Lambert, you … Continued

Press Release August 7, 2018 Read More

Medical cannabis: Record donation of $30 million for research at University of Sydney

Sydney University scientists will be given more than $30 million to research the medical applications of cannabis, the largest research donation in the university’s history. The $33.7 million donation, from Barry and Joy Lambert, is among the largest research donations to any university in Australian history. The Lambert Initiative will bring together three of the … Continued

Press Release August 7, 2018 Read More

Barry’s Lambert’s Ecofibre plans local IPO

Ecofibre, the industrial hemp company chaired by Rich Lister Barry Lambert, plans to list on the ASX later this year. It is in the final stages of a pre-IPO raising, with funds slated to expand its business, including the development of its high-tech fibre textile, Hemp Black.

Videos

Why Kentucky farmers are quitting tobacco and turning to an unlikely new crop

https://www.pbs.org/newshour/show/kentucky-agriculture-banking-hemp

Video August 30, 2018 Read More

Commissioner Quarles and Senate Majority Leader McConnell Visit Ananda Hemp

https://www.youtube.com/watch?v=98Bh6EQK9Rg
Video August 30, 2018 Read More

Ag News Daily, Interview with Brian Furnish

https://www.youtube.com/watch?v=ngEFNp7KGH8
Video August 30, 2018 Read More

Push to legalize medical cannabis in Australia

https://www.youtube.com/watch?v=D-jwkldU4HM
Video August 7, 2018 Read More

Majority Leader Senator Mitch McConnell Supports Hemp

Video March 26, 2018 Read More

Attachments See More

The Australian 251 KB

PDF Download

Barry’s Lambert’s Ecofibre hemp company plans to list this year 409 KB

PDF Download

You’re Probably Taking CBD Oil Wrong

When it comes to the cannabidiol market, it’s hard to know which brands are for real and which are just blowing smoke. Here are the ABC’S of CBD. 

Press Release November 14, 2018 Read More

Media Releases See More

You’re Probably Taking CBD Oil Wrong

When it comes to the cannabidiol market, it’s hard to know which brands are for real and which are just blowing smoke. Here are the ABC’S of CBD. 

Press Release November 14, 2018 Read More

DEA Plans to Quintuple Amount of Cannabis Grown for Research

The U.S. Department of Justice and the U.S. Drug Enforcement Administration (DEA) have proposed to significantly increase the amount of cannabis that can legally grow in the U.S. for research purposes and reduce the number of opioids that are manufactured in the nation in 2019. The 2019 Aggregate Production Quota for Schedule I and II … Continued

Press Release October 10, 2018 Read More

WKYT TV IN LEXINGTON, KY SPOTLIGHTS ANANDA HEMP

Cynthiana, Kentucky is ground zero for hemp. This 500-acre hemp farm in Harrison County is a farm that’s been years in the making. In 2013, Brian Furnish, the 8th-generation farmer who grows the hemp, started working on legislation with Congressman Comer. His efforts helped pass Section 7606 of the 2014 Farm Bill. This key piece … Continued

Press Release August 30, 2018 Read More

COULD INDUSTRIAL HEMP BE THE NEXT HEIR TO THE THRONE?

  The coal industry once formed the backbone of West Virginia’s economy, but with a painful decline in coal production, King Coal’s reign is coming to an end. According to Newsweek, West Virginia has some of the highest poverty and unemployment rates in the nation. For the first time ever, CNBC ranked the Mountain State as the worst … Continued

Press Release August 30, 2018 Read More

Hemp Farming Act 2018

Today is a promising day for the future of hemp. This morning Senate Leader Mitch McConnell (R-KY) took the Senate floor to introduce the Hemp Farming Act of 2018. This bill would permanently legalize hemp, removing it from the Controlled Substances Act, and establish it as an agricultural commodity. He was joined by Senator Ron … Continued

Press Release August 30, 2018 Read More

The Growing Potential of Growing Hemp

Brian Furnish is director of Global Production at Ananda Hemp, based in Kentucky. It’s Time to Consider the Growing Potential of Hemp Hemp, once a legal and thriving crop in the United States, was dealt a heavy blow with the 1937 Marijuana Tax Act. The Act put heavy tax and licensing regulations on both hemp … Continued

Press Release August 30, 2018 Read More

The Cannabis Reporter Interviews Brian Furnish and James Comer

The Cannabis Reporter interviewed US Representative, James Comer, and Ananda Hemp President of Global Production, Brian Furnish, in October to discuss healthy gains made by the Hemp Industry since 2014. The interview (full audio below) reviews proposed updates to hemp legislation. Specifically, much of the conversation revolves around H.R.3530, which is deemed as the Industrial … Continued

Press Release August 30, 2018 Read More

Senator McConnell Visits the Ananda Hemp Farm

This morning, Senate Majority Leader Mitch McConnell held a press conference at our hemp facilities in Cynthiana. Senator McConnell was joined by Kentucky Commissioner of Agriculture, Ryan Quarles to speak on their continued support for hemp production in Kentucky. Our CEO, Eric Wang and our Director of Global Production, Brian Furnish led the press conference by … Continued

Press Release August 30, 2018 Read More

Mitch McConnell aims to remove hemp from list of controlled substances

FRANKFORT, Ky. — Senate Majority Leader Mitch McConnell wants a full pardon for hemp. The Kentucky Republican on Monday previewed legislation seeking to free the plant from its ties to marijuana and let it take root as a legitimate crop. Hemp — marijuana’s non-intoxicating cousin — would be removed from the controlled substances list under … Continued

Press Release August 29, 2018 Read More

Here’s Mitch McConnell’s New Hemp Legalization Bill

The most powerful Republican on Capitol Hill just filed a bill to radically change federal laws that currently make cannabis illegal for all purposes.   While new legislation introduced by Senate Majority Leader Mitch McConnell (R-KY) would not legalize marijuana for recreational or medical use, it would remove non-psychoactive cannabis varieties known as hemp from the Controlled … Continued

Press Release August 29, 2018 Read More

Hemp is ‘the next big thing’ in pain management as growth and research expand in Kentucky

Kentucky is one of the nation’s top hemp producers. Here are some things you should know about it.Jeff Faughender/Louisville Courier Journal To some it seems taboo. But a nationally renowned pain doctor says a four-letter word can ease aches and anxiety without the risk of addiction: H-E-M-P. “It’s gonna be the next big thing,” said Dr. James Patrick Murphy, a former president … Continued

Press Release August 29, 2018 Read More

Growers cashing in on hemp byproduct as crop makes huge comeback

LEXINGTON, Ky. (WKYT) — (7/24/2018) – Federal and state legislation passed in 2014 says hemp can be grown and marketed in states with pilot programs. Four years later, growers in the state are seeing big profits from extracting something found in the plant and turning it into a highly sought offer oil that some claim holds … Continued

Press Release August 29, 2018 Read More

First legal 500-acre hemp farm in Kentucky unveiled

HARRISON COUNTY, Ky. (WKYT) – It’s a complicated subject, but today Eric Wang wanted to make sure no question went unanswered. “I call it ground zero for hemp,” Wong told WKYT. He’s talking about a 500-acre hemp farm housed in Harrison County. A farm that’s been years in the making. That’s Brian Furnish he’s director for … Continued

Press Release August 29, 2018 Read More

Best CBD Oil Tinctures Of 2018: Reviews of the Top CBD Oil Available Online

How can you pick the best CBD oil tinctures, when there’s hundreds of products on the market? Thousands of people have learned about the healing benefits of CBD, resulting in unprecedented interest in this supplement. People are using CBD oil to ease their chronic pain, and relieve symptoms of conditions ranging from arthritis to depression. Unlike its close cousin, psychoactive cannabis (‘marijuana’), … Continued

Press Release August 29, 2018 Read More

Ananda Hemp is developing market ideas for new crop

CYNTHIANA, Ky. — Ananda Hemp, the first facility in the United States to process industrial hemp, opened its doors for an inside perspective on Sept. 28. The tour included a look at its harvesting practices as well as its oil lab and the future of the company. Created in 2014 by Australian Barry Lambert and … Continued

Press Release August 29, 2018 Read More

Ananda Hemp Endorses Industrial Hemp Farming Act of 2017

Bill would legalize production of industrial and research hemp in the U.S. Ananda Hemp, the first U.S.-licensed hemp producer, has advocated for legalization since 2013 CYNTHIANA, Ky., July 28, 2017 (GLOBE NEWSWIRE) — Ananda Hemp, a manufacturer of legal, non-psychoactive hemp extract, today announced its endorsement of the Industrial Hemp Farming Act of 2017, which … Continued

Press Release August 29, 2018 Read More

Ananda Hemp And Kentucky Farmers Continue Hemp Expansion

Tobacco farming is falling along with the decline in cigarette sales, but farmers in Kentucky are working for survival by switching their crops to hemp. It certainly isn’t an easy switch with the Drug Enforcement Agency fighting the farmers over the legality of growing hemp. The confusion over growing hemp stems from the regulations in … Continued

Press Release August 29, 2018 Read More

Videos

Majority Leader Senator Mitch McConnell Supports Hemp

Video March 26, 2018 Read More

Attachments See More

The Australian 251 KB

PDF Download

Barry’s Lambert’s Ecofibre hemp company plans to list this year 409 KB

PDF Download

This Plant Product Is Growing Prolific Profits at Independent Pharmacies

Have you heard of independent pharmacy’s latest cash cow? Or more appropriately, cash crop? Cannabidiol (CBD), a non-psychoactive compound of cannabis, is growing profits at a prolific pace among retailers across the country. The natural product purports a bevy of therapeutic benefits without the requirement of a prescription or the risk of addiction. And consumers … Continued

Press Release December 18, 2018 Read More

Media Releases See More

This Plant Product Is Growing Prolific Profits at Independent Pharmacies

Have you heard of independent pharmacy’s latest cash cow? Or more appropriately, cash crop? Cannabidiol (CBD), a non-psychoactive compound of cannabis, is growing profits at a prolific pace among retailers across the country. The natural product purports a bevy of therapeutic benefits without the requirement of a prescription or the risk of addiction. And consumers … Continued

Press Release December 18, 2018 Read More

You’re Probably Taking CBD Oil Wrong

When it comes to the cannabidiol market, it’s hard to know which brands are for real and which are just blowing smoke. Here are the ABC’S of CBD. 

Press Release November 14, 2018 Read More

DEA Plans to Quintuple Amount of Cannabis Grown for Research

The U.S. Department of Justice and the U.S. Drug Enforcement Administration (DEA) have proposed to significantly increase the amount of cannabis that can legally grow in the U.S. for research purposes and reduce the number of opioids that are manufactured in the nation in 2019. The 2019 Aggregate Production Quota for Schedule I and II … Continued

Press Release October 10, 2018 Read More

Ananda Professional launches new CBD oil for pharmacies

CYNTHIANA, Ky. — Ananda Professional, a wholly owned subsidiary of Ecofibre, recently announced the launch of a Cannabidiol (CBD) oil product line that’s available exclusively in U.S. independent pharmacies. The line includes for oral use, a 300ml and 600ml tincture and a 30 and 60 count, 15ml soft gel, as well as a 125mg salve … Continued

Press Release August 7, 2018 Read More

Videos

Majority Leader Senator Mitch McConnell Supports Hemp

Video March 26, 2018 Read More

Attachments See More

The Australian 251 KB

PDF Download

Barry’s Lambert’s Ecofibre hemp company plans to list this year 409 KB

PDF Download

Media Releases See More

Videos See More

Attachments See More

Media Releases See More

Videos See More

Attachments See More

Media Releases

This Plant Product Is Growing Prolific Profits at Independent Pharmacies

Have you heard of independent pharmacy’s latest cash cow? Or more appropriately, cash crop? Cannabidiol (CBD), a non-psychoactive compound of cannabis, is growing profits at a prolific pace among retailers across the country. The natural product purports a bevy of therapeutic benefits without the requirement of a prescription or the risk of addiction. And consumers … Continued

Video December 18, 2018 Read More

You’re Probably Taking CBD Oil Wrong

When it comes to the cannabidiol market, it’s hard to know which brands are for real and which are just blowing smoke. Here are the ABC’S of CBD. 

Video November 14, 2018 Read More
DEA Plans to Quintuple Amount of Cannabis Grown for Research

DEA Plans to Quintuple Amount of Cannabis Grown for Research

The U.S. Department of Justice and the U.S. Drug Enforcement Administration (DEA) have proposed to significantly increase the amount of cannabis that can legally grow in the U.S. for research purposes and reduce the number of opioids that are manufactured in the nation in 2019. The 2019 Aggregate Production Quota for Schedule I and II … Continued

Video October 10, 2018 Read More

Jefferson Gets $3M for Cannabis Research

Australian philanthropists Barry and Joy Lambert gave the donation to Jefferson’s medical cannabis research center. Jefferson University announced today it had received a $3 million donation from Australian philanthropists Barry and Joy Lambert to fund medical research into cannabis. As a result, the school is renaming its cannabis research center the Lambert Center for the … Continued

Video August 30, 2018 Read More

Why millionaire Barry Lambert invested $34 million in medicinal cannabis

Barry Lambert is gazing out the picture window of his Sydney home at a multimillion-dollar beach view. Around him his grandchildren fiddle on their phones while his wife Joy sips tea. Lambert drinks a cappuccino he’s just bought at the local café. It’s a charming family scene – except for one thing. At the table … Continued

Video August 30, 2018 Read More

Cannabis grower backed by Barry Lambert and Chris Cuffe leaves Australia for US

Australia’s largest medicinal cannabis grower, which is backed by finance sector identities Barry Lambert and Chris Cuffe, has decided to stop production here and move to the US where it says the legal framework is much more favourable.

Video August 30, 2018 Read More

Barry Lambert exits Countplus to be Ecofibre chairman

Countplus founder Barry Lambert will step down as chairman of the listed accounting and wealth management firm to become the chairman of hemp company Ecofibre. Mr Lambert said he wanted to focus upon his campaign to legalise medicinal cannabis in Australia.

Video August 30, 2018 Read More

WKYT TV IN LEXINGTON, KY SPOTLIGHTS ANANDA HEMP

Cynthiana, Kentucky is ground zero for hemp. This 500-acre hemp farm in Harrison County is a farm that’s been years in the making. In 2013, Brian Furnish, the 8th-generation farmer who grows the hemp, started working on legislation with Congressman Comer. His efforts helped pass Section 7606 of the 2014 Farm Bill. This key piece … Continued

Video August 30, 2018 Read More

COULD INDUSTRIAL HEMP BE THE NEXT HEIR TO THE THRONE?

  The coal industry once formed the backbone of West Virginia’s economy, but with a painful decline in coal production, King Coal’s reign is coming to an end. According to Newsweek, West Virginia has some of the highest poverty and unemployment rates in the nation. For the first time ever, CNBC ranked the Mountain State as the worst … Continued

Video August 30, 2018 Read More

Hemp Farming Act 2018

Today is a promising day for the future of hemp. This morning Senate Leader Mitch McConnell (R-KY) took the Senate floor to introduce the Hemp Farming Act of 2018. This bill would permanently legalize hemp, removing it from the Controlled Substances Act, and establish it as an agricultural commodity. He was joined by Senator Ron … Continued

Video August 30, 2018 Read More

The Growing Potential of Growing Hemp

Brian Furnish is director of Global Production at Ananda Hemp, based in Kentucky. It’s Time to Consider the Growing Potential of Hemp Hemp, once a legal and thriving crop in the United States, was dealt a heavy blow with the 1937 Marijuana Tax Act. The Act put heavy tax and licensing regulations on both hemp … Continued

Video August 30, 2018 Read More

The Cannabis Reporter Interviews Brian Furnish and James Comer

The Cannabis Reporter interviewed US Representative, James Comer, and Ananda Hemp President of Global Production, Brian Furnish, in October to discuss healthy gains made by the Hemp Industry since 2014. The interview (full audio below) reviews proposed updates to hemp legislation. Specifically, much of the conversation revolves around H.R.3530, which is deemed as the Industrial … Continued

Video August 30, 2018 Read More

Senator McConnell Visits the Ananda Hemp Farm

This morning, Senate Majority Leader Mitch McConnell held a press conference at our hemp facilities in Cynthiana. Senator McConnell was joined by Kentucky Commissioner of Agriculture, Ryan Quarles to speak on their continued support for hemp production in Kentucky. Our CEO, Eric Wang and our Director of Global Production, Brian Furnish led the press conference by … Continued

Video August 30, 2018 Read More

Mitch McConnell aims to remove hemp from list of controlled substances

FRANKFORT, Ky. — Senate Majority Leader Mitch McConnell wants a full pardon for hemp. The Kentucky Republican on Monday previewed legislation seeking to free the plant from its ties to marijuana and let it take root as a legitimate crop. Hemp — marijuana’s non-intoxicating cousin — would be removed from the controlled substances list under … Continued

Video August 29, 2018 Read More

Here’s Mitch McConnell’s New Hemp Legalization Bill

The most powerful Republican on Capitol Hill just filed a bill to radically change federal laws that currently make cannabis illegal for all purposes.   While new legislation introduced by Senate Majority Leader Mitch McConnell (R-KY) would not legalize marijuana for recreational or medical use, it would remove non-psychoactive cannabis varieties known as hemp from the Controlled … Continued

Video August 29, 2018 Read More

Hemp is ‘the next big thing’ in pain management as growth and research expand in Kentucky

Kentucky is one of the nation’s top hemp producers. Here are some things you should know about it.Jeff Faughender/Louisville Courier Journal To some it seems taboo. But a nationally renowned pain doctor says a four-letter word can ease aches and anxiety without the risk of addiction: H-E-M-P. “It’s gonna be the next big thing,” said Dr. James Patrick Murphy, a former president … Continued

Video August 29, 2018 Read More

Growers cashing in on hemp byproduct as crop makes huge comeback

LEXINGTON, Ky. (WKYT) — (7/24/2018) – Federal and state legislation passed in 2014 says hemp can be grown and marketed in states with pilot programs. Four years later, growers in the state are seeing big profits from extracting something found in the plant and turning it into a highly sought offer oil that some claim holds … Continued

Video August 29, 2018 Read More

First legal 500-acre hemp farm in Kentucky unveiled

HARRISON COUNTY, Ky. (WKYT) – It’s a complicated subject, but today Eric Wang wanted to make sure no question went unanswered. “I call it ground zero for hemp,” Wong told WKYT. He’s talking about a 500-acre hemp farm housed in Harrison County. A farm that’s been years in the making. That’s Brian Furnish he’s director for … Continued

Video August 29, 2018 Read More

Best CBD Oil Tinctures Of 2018: Reviews of the Top CBD Oil Available Online

How can you pick the best CBD oil tinctures, when there’s hundreds of products on the market? Thousands of people have learned about the healing benefits of CBD, resulting in unprecedented interest in this supplement. People are using CBD oil to ease their chronic pain, and relieve symptoms of conditions ranging from arthritis to depression. Unlike its close cousin, psychoactive cannabis (‘marijuana’), … Continued

Video August 29, 2018 Read More

Ananda Hemp is developing market ideas for new crop

CYNTHIANA, Ky. — Ananda Hemp, the first facility in the United States to process industrial hemp, opened its doors for an inside perspective on Sept. 28. The tour included a look at its harvesting practices as well as its oil lab and the future of the company. Created in 2014 by Australian Barry Lambert and … Continued

Video August 29, 2018 Read More

Ananda Hemp Endorses Industrial Hemp Farming Act of 2017

Bill would legalize production of industrial and research hemp in the U.S. Ananda Hemp, the first U.S.-licensed hemp producer, has advocated for legalization since 2013 CYNTHIANA, Ky., July 28, 2017 (GLOBE NEWSWIRE) — Ananda Hemp, a manufacturer of legal, non-psychoactive hemp extract, today announced its endorsement of the Industrial Hemp Farming Act of 2017, which … Continued

Video August 29, 2018 Read More

Ananda Hemp And Kentucky Farmers Continue Hemp Expansion

Tobacco farming is falling along with the decline in cigarette sales, but farmers in Kentucky are working for survival by switching their crops to hemp. It certainly isn’t an easy switch with the Drug Enforcement Agency fighting the farmers over the legality of growing hemp. The confusion over growing hemp stems from the regulations in … Continued

Video August 29, 2018 Read More

Australia’s largest medicinal cannabis grower is packing its bags and moving to the US

Australia’s largest medicinal cannabis grower, which is backed by finance sector identities Barry Lambert and Chris Cuffe, has decided to stop production here and move to the US where it says the legal framework is much more favourable. Ecofibre recently completed a $12 million capital raising with cash from Mr Lambert and Mr Cuffe. But … Continued

Video August 29, 2018 Read More

Jefferson Receives $3 Million from Australian Philanthropist to Support Research in Medicinal Cannabis and Hemp

Landmark Gift will Rename the Existing Center for Medical Cannabis Education and Research (CMCER) PHILADELPHIA  – The Institute of Emerging Health Professions at Thomas Jefferson University has received a $3 million gift from Australian philanthropists, Barry and Joy Lambert, to support its Center for Medical Cannabis Education and Research. In recognition of this commitment, the … Continued

Video August 7, 2018 Read More

Cannabis as Medicine: Talking Shop with Dr. Charles Pollack of Thomas Jefferson University

After learning the benefits CBD has on those suffering from Dravet’s Syndrome, Australian millionaire Barry Lambert invested over $20 million into cannabis research at the University of Sydney. Continuing his donations to fund the research, Lambert donated $3 million more to Thomas Jefferson University (TJU) in the United States. This research allowed TJU to begin … Continued

Video August 7, 2018 Read More

Hemp Producer Ecofibre Ditches Australia’s Medical Cannabis Rules for the US

Citing Australia’s onerous security requirements for growing medical cannabis, prominent Australian industrial hemp grower Ecofibre announced it will move its medical cannabis capabilities from Australia to the United States. The company, backed by Australian millionaire Barry Lambert, has been producing industrial hemp for more than 15 years for use in medical research, fiber, and food products. Despite … Continued

Video August 7, 2018 Read More

Australian Research Initiative Will Put Medical Cannabis Claims to the Test

Imagine you’ve lived a full life, had a very successful career, and are just beginning to relax and spend time with your grandchildren. But one of those grandchildren is sick. She has Dravet Syndrome, a rare and difficult to treat form of epilepsy. What would you do? If you were Barry and Joy Lambert, you … Continued

Video August 7, 2018 Read More

Medical cannabis: Record donation of $30 million for research at University of Sydney

Sydney University scientists will be given more than $30 million to research the medical applications of cannabis, the largest research donation in the university’s history. The $33.7 million donation, from Barry and Joy Lambert, is among the largest research donations to any university in Australian history. The Lambert Initiative will bring together three of the … Continued

Video August 7, 2018 Read More

Ananda Professional launches new CBD oil for pharmacies

CYNTHIANA, Ky. — Ananda Professional, a wholly owned subsidiary of Ecofibre, recently announced the launch of a Cannabidiol (CBD) oil product line that’s available exclusively in U.S. independent pharmacies. The line includes for oral use, a 300ml and 600ml tincture and a 30 and 60 count, 15ml soft gel, as well as a 125mg salve … Continued

Video August 7, 2018 Read More

Barry’s Lambert’s Ecofibre plans local IPO

Ecofibre, the industrial hemp company chaired by Rich Lister Barry Lambert, plans to list on the ASX later this year. It is in the final stages of a pre-IPO raising, with funds slated to expand its business, including the development of its high-tech fibre textile, Hemp Black.

Video June 7, 2018 Read More

Videos

Why Kentucky farmers are quitting tobacco and turning to an unlikely new crop

https://www.pbs.org/newshour/show/kentucky-agriculture-banking-hemp

Video August 30, 2018 Read More

Commissioner Quarles and Senate Majority Leader McConnell Visit Ananda Hemp

https://www.youtube.com/watch?v=98Bh6EQK9Rg
Video August 30, 2018 Read More

Ag News Daily, Interview with Brian Furnish

https://www.youtube.com/watch?v=ngEFNp7KGH8
Video August 30, 2018 Read More

Push to legalize medical cannabis in Australia

https://www.youtube.com/watch?v=D-jwkldU4HM
Video August 7, 2018 Read More

Majority Leader Senator Mitch McConnell Supports Hemp

Video March 26, 2018 Read More

Attachments

The Australian

View the press release here

Video August 29, 2018 Read More

Barry’s Lambert’s Ecofibre hemp company plans to list this year

View the press release here

Video June 7, 2018 Read More