Authorities in New Zealand have threatened two hemp farmers with a $100,000 fine and loss of hemp license for selling products containing cannabidiol, which is permitted only in prescription medications in the country. Sarah Gibson and Aaron Silcock, hemp growers in the town of Reefton in the island nation’s West Coast region, received the warning […]
As the U.S. population ages, businesses in the health and wellness industry are starting to recognize older consumers as a new and emerging market. Census data has indicated that the number of Boomers (ages 55 to 73) and seniors (age 74 and over) in the United States stood at approximately 95 million last year, and […]
Hemp-derived CBD supplement maker Elixinol shed half of its global workforce and shuttered production lines in the first half of this year in response to market decline stemming from the global COVID-19 pandemic. Now the Australian company is looking to leverage a leaner operation and focus on its core CBD brands for future success. Talking […]
Italy’s Health Ministry has backtracked on its decision to add ingestible, hemp-derived CBD formulas to a list of medicines in its narcotics law, issuing a decree to suspend the controversial change one day before it was due to take effect. The eleventh-hour reversal came as a decree published on Thursday in the Italian Official Gazette. It suspended […]
European flags in front of the Berlaymont building, headquarters of the European commission in Brussels. The European Parliament has voted to raise the THC limit for industrial hemp from 0.2% to 0.3% and allow hemp and hemp-derived products to be subject to European Union marketing standards. The votes came last week as three changes to […]
The Isle of Man, a self-governing British dependency located between Ireland and England, has announced plans to create an export-only sector for hemp and cannabis products. The island government said it was seeking input on its plans for establishing and regulating its would-be cannabinoid industry, noting Friday that a consultation would be launched for “industry, […]
Italy has added ingestible formulas with flower-derived CBD to a table of medicines in its narcotics law, paving the way for GW Pharmaceuticals’ epilepsy drug Epidiolex to hit the market there but also raising questions about the status of other CBD products. The Health Ministry’s decree sparked anger and confusion among cannabis activists and stakeholders […]
Standard Dose, a wellness brand and CBD retailer in the United States, has launched a U.K. website and inked a distribution deal with John Lewis & Partners, a multichannel retailer that operates more than 40 department stores across Great Britain. The website launch allows the New York brand to be sold outside the U.S. for […]
The NFL Players Association has updated its policy to discourage athletes from endorsing products that contain CBD or other cannabinoids. The NFLPA wrote in an email sent last Thursday that its Commercial Substances Policies and Endorsements section has been updated to read: “NFL players, coaches, and other employees must not endorse or appear in advertisements […]
The European Union’s top court will deliver its final ruling on the Kanavape case and the legality of France’s ban on hemp-derived CBD on Nov. 19. The Court of Justice of the European Union announced the ruling date on its judicial calendar. The case, which centers on a dispute over the marketing of Kanavape’s CBD […]
