Clock ticking to debate future of hemp extracts

CBD may have strong benefits – but does it need help from other cannabinoids? The question is one of the hottest topics in cannabis as extractors see the markets shifting for different kinds of extracts. Beauty retailing behemoth Sephora announced earlier this year that it would stock only full- or broad-spectrum CBD products. Some cheered, […]

Neptune losses widen, even as revenue ticks up

Neptune Wellness Solutions, a Laval, Quebec-based CBD extractor and manufacturer, reported revenue of $16 million (CAD $21.4 million) for the fiscal quarter ended June 30, up 390% from the same period a year ago. But the company, which grows marijuana in Canada and hemp in North Carolina, reported a wider loss than it did a […]

Massachusetts judge delays CBD lawsuit pending FDA rules

A Massachusetts federal judge ruled that another lawsuit against a CBD-maker alleging incorrect labeling will be delayed, “pending forthcoming FDA regulations on the products at issue.” Judge Allison D. Burroughs issued the ruling Tuesday, saying she was granting the defendant, Global Widget LLC., a request to stay the case. She denied their appeal to dismiss […]

Tilray revenue hit by lower recreational, medical cannabis sales

Nanaimo, British Columbia-based Tilray halved its net loss to $81.7 million for the second quarter ended June 30, a substantial improvement over the previous quarter’s $184.1 million deficit. However, the cannabis and hemp producer reported lower sequential revenue in most of its important categories. Tilray trades as TLRY on the Nasdaq and reports in U.S. […]

As national USDA rules loom, industry ramps up pressure for changes or delay

As the deadline approaches for implementing a single set of nationwide hemp-production rules, states and industry associations are pressuring the U.S. Department of Agriculture for a delay, warning the federal agency that several states won’t meet the deadline. But so far, the feds don’t seem inclined to budge. Nearly half of U.S. states cultivating hemp […]

2 more Canadian MJ companies make partnerships to enter CBD space

Two Canadian marijuana companies have made processing and distribution agreements with CBD businesses, including one in the U.S. WeedMD Inc., a producer and distributor of medical marijuana in Ontario, said Tuesday it signed a commercial arrangement to manufacture, package and ship Revity CBD, a product line from Canadian retailer Fire & Flower. The new product […]

Uruguay eases hemp, marijuana exporting rules

Uruguay is making it easier to export marijuana and hemp by eliminating the requirement that plants be registered first as medicine. But the change signed by President Lacalle Pou applies only to crops grown from 2018 to this year. Deputy Secretary of the Presidency Rodrigo Ferrés announced the actions late last week. Uruguay distinguishes marijuana […]

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