Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally taxed as a tobacco substitute. CBD sellers in Switzerland had taken legal action to protest the 25% sales tax imposed on their goods as tobacco substitutes, according to a […]
The U.S. Food and Drug Administration has updated a post on its website to spread the word about a Florida company that recalled a batch of CBD oil after a state agency tested the product and found that it contained dangerous levels of lead. Summitt Labs is voluntarily recalling Lot #730 Batch #K018 of its […]
The executive branch of the European Union is changing its stance on how EU countries should vote on the World Health Organization’s cannabis scheduling changes in December, Hemp Industry Daily has learned. The development comes on the heels of the European Commission announcing its preliminary view that CBD extracted from the flowering tops of the […]
A drug delivery and development company in California with ambitions of entering the CBD consumer products market has made a $20 million offer to buy a CBD beauty and pet product company. Oxnard-based CURE Pharmaceutical said Tuesday it had reached an agreement with Los Angeles-based Sera Labs to acquire 100% of the privately owned company […]
CPLANT, a hemp producer in Uruguay, has successfully sent half a ton of low-THC hemp flower to Switzerland via Germany, shipping what appears to be the South American country’s first major commercial export of CBD biomass to Europe. The shipments of 442 kilograms of low-THC flower were sent on July 17 at a listed price […]
This is the second part of an interview with Elixinol CEO Oliver Horn. Read his insights on leadership here. In a recent presentation, you said the company was “well-positioned to navigate the regulatory environment that is dynamic, and we remain very positive that regulatory changes are working in our favor.” What makes Elixinol well-positioned to […]
The see-saw hemp industry has challenged all layers of the supply chain, from farmers looking to capitalize on a new crop to processors trying to find formulations that fit quickly changing rules. For international operators, those challenges have been even steeper. Australian hemp and CBD maker Elixinol Global has had a front-row seat to hemp […]
A Colombian company has inked a deal to put its CBD skincare product line on the shelves of hundreds of drug stores across Spain. Khiron Life Sciences reached the deal with cosmetics distributor Red Yellow Red to bring its Kuida CBD product line to 2,350 stores across four distributor groups, according to a statement released […]
The World Health Organization’s proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a United Nations narcotics convention could be difficult to enforce, a U.N. monitoring body has said. The International Narcotics Control Board said authorities in some countries may lack the lab technology or manpower to […]
A version of this story appeared earlier on Marijuana Business Daily International. Australia has amended its narcotics law to put hemp exporters in a position to “come out firing” after the COVID-19 crisis eases, the country’s agriculture minister said. The change aims to facilitate trade and growth of export markets for low-THC hemp and medicinal […]
