Elixinol is proud to sponsor the 6th annual Realm of Caring Foundation's Golf Tournament on June 27th, 2019. The golf tournament, which has been a great success each year, helps to provide funding for Realm of Caring to extend their healthcare outreach. The tournament will include an auction and dinner, as well as entertainment provided by Adam Wilbur.
Elixinol is proud to announce that we are now an Active Member of the American Herbal Products Association (AHPA). AHPA is a national trade association, consumer advocate, and an industry-leading representative of US-based herbal product marketers, importers, manufacturers, processors, and growers, and “the voice of the herbal products industry”.
New Year's Eve 2018, Elixinol became one of the first CBD brands to advertise in New York's iconic Times Square. Every year, over one million people gather in Times Square to watch the ball drop and celebrate the beginning of a new year. Around the world, more than a billion people tune in to watch it all happen.
2018 was a monumental year for hemp. With the signing of the Farm Bill on December 20, hemp and all products made from hemp--including CBD--became more accessible in the United States than ever before.
Today, the President signed the 2018 Farm Bill into law after it passed the US House of Representatives in an overwhelming landslide on Dec. 12, 2018. The final House vote in favor of hemp was 369-47. Products derived from industrial hemp, including hemp CBD extract, will now be easier for consumers to locate and purchase. The option to grow hemp will also be more accessible to farmers interested in becoming part of an industry projected to grow to $22 billion by 2022.
Following its mid-year report and its entrance into the U.S. OTCQX (ASX: EXL; OTCQX: ELLXF), Elixinol was recently featured in The Green Fund, Hemp Industry Daily, and Yahoo! News.
According to an in-depth analysis of the hemp CBD extract market by the Brightfield Group, hemp-derived CBD products could surpass the cannabis market by 2022. In fact, the Brightfield Group’s report predicts the CBD industry will explode beyond its current value to $22 billion by 2022.
In June 2018, the World Health Organization’s (WHO) Expert Committee on Drug Dependence (ECDD) stated that cannabidiol should not be included on the International Drug Control Conventions’ schedule of addictive substances.
On April 12, the Hemp Farm Act of 2018 was introduced in the Senate. The bill, which was sponsored by Mitch McConnell (R-Ky.) and co-sponsored by Sens. Ron Wyden (D-Ore.) and Rand Paul (R-Ky.) includes provisions for hemp farmers and hemp research. Most importantly, it clears up ambiguity surrounding hemp's legality on a federal level.
Elixinol has become the first company to receive the seal of approval for its high-cannabidiol (CBD) products from Realm of Caring, a non-profit group that provides support for those who need hemp and cannabis medicines1. This is two firsts in one, as the Realm of Caring’s seal of approval is the first of its kind in the hemp industry. It is awarded to companies after a long, independent review of manufacturing and sourcing practices, and provides hemp extract users with a way of identifying the highest quality products.