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CBD Monthly Update — May 2020

CBD Monthly Update — May 2020
We gathered the top CBD news from this month to keep you in the loop.

Attend the Hemp Collective Virtual Summit on May 20

Learn, discover and network with the hemp and CBD industry’s leading experts and highest quality brands on May 20 from 9 a.m. MDT to 1 p.m. MDT. Join us for a dynamic, immersive experience featuring expert presentations and panels exploring the latest hemp and CBD market data, trends and insights into how to tackle the unique challenges facing the industry today. Register here.

Paycheck Protection Program Increase Act includes hemp farmers and CBD companies

The expanded legislation allows hemp and CBD businesses affected by the pandemic to apply for loans through the Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA). Read more at CBD Today

Trials explore CBD as potential COVID-19 treatment

Israeli scientists at Tel Aviv University have launched three clinical trials to study whether CBD’s anti-inflammatory properties may stop or slow the coronavirus. Read more at Benzinga

NFL loosens cannabis laws

In a major departure from past policy, the National Football League’s new labor agreement relaxes regulations around cannabis. Current and former players have estimated that 50% to 90% of players use it. Read more at NYTimes

Constellation Brands ups stake in Canopy Growth to nearly 40%

The alcoholic beverage maker continues to increase its share of the cannabis company. "While global legalization of cannabis is still in its infancy, we continue to believe the long-term opportunity in this evolving [marijuana] market is substantial," Constellation said in a press release. Read more at The Motley Fool

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