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Home 🌿 Marijuana Business News 🌿 420 Ventures Acquires Le Herbe and United Hemp 🌿

420 Ventures Acquires Le Herbe and United Hemp

Submitted by Marijuana News on Fri, 03/11/2016 - 08:43

420 Ventures announced that it has acquired majority stake in Le Herbe and the United Hemp Company. Premium cannabis beverage maker, Le Herbe, will operate independently to produce, process and distribute organic cannabis products, but will no longer provide optional CBD only products. The United Hemp Company will takeover the CBD category from it's parent company and will exclusively provide these products through industrial hemp production including, but not limited to, infused beverages, nutritional supplements and soluble hemp extracts.

"This is an exciting time for the cannabis and hemp industry" said Marc LaRoche, president and chief executive officer, Le Herbe. "We decided it was in the best interest of our company to join 420 Ventures and separate THC and CBD products into two companies because the laws and regulations are very distinct. Both cannabinoids come from the same plant species and have nutritional and medicinal value, but Tetrahydrocannabinol (THC) has...

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