Broad physician adoption of a cannabis-derived epilepsy treatment is boosting sales for the only company with federal permission to sell cannabis products in the United States. London-based GW Pharmacetuticals told investors Monday that it notched $108 million in sales last quarter and $309 million for calendar 2019. The sales figures were released in advance of the company’s […]
This Wednesday, January 15th, at 10 am EST, the House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform.
A decision by a federal judge in Florida to put a CBD lawsuit on hold pending federal clarity on the extract signals the judiciary isn’t yet ready to start hearing class action claims against the industry. U.S. District Judge Ursula Ungaro ruled Jan. 3 that a CBD manufacturer shouldn’t face certain liability claims until the U.S. Food […]
Opportunities abound in the hemp industry, but to attain the crop’s full potential, it’s going to require people from all walks of life, according to industry observers. “I want to go to a conference and not feel like I’m the only black guy there,” said Malcolm Anderson, founder and CEO of The Prophet Society, a vertically […]
With the 2020 legislative session underway, NORML chapters across the country are organizing lobby days to advocate for sensible reform policies in their state.
Mile High Labs, a CBD manufacturer in suburban Denver, said it has laid off 20 employees, mostly sales positions. This week’s layoffs, a cut of less than 10% of Mile High Labs’ workforce, take the company from more than 250 employees to about 230, the Denver Post reported. The layoffs follow a growing trend in […]
Welcome to the first Weekly Legislative Roundup of 2020!
A cosmetics, skin-care and beauty products specialty retailer will carry more products containing CBD in stores across several states after signing its largest cannabis-related partnership. New York-based retail giant Sephora will sell products from California beauty company Saint Jane in 281 stores across 22 states as of Jan. 10, according to The Fresh Toast. Saint […]
With the 2020 legislative session underway, NORML chapters across the country are organizing lobby days to advocate for sensible reform policies in their state.
Federal hemp licenses promised last fall have yet to appear, a delay that federal agriculture officials are blaming on extended discussions with the White House. The U.S. Department of Agriculture (USDA) initially said that farmers in areas that have legalized hemp production but opted out of regulating it could apply for federal licenses by Nov. 30. […]
