Federal agency says USDA's hemp rules “stifle” industry growth and hurt small businesses

The federal Small Business Administration (SBA) is calling on the U.S. Department of Agriculture (USDA) to make a series of changes to its proposed hemp rules that in their current form threaten to “stifle” the newly legal industry. The agency’s independent Office of Advocacy said that while it appreciates that USDA reopened a public comment […]

NORML Files Amicus Brief to the Supreme Court Challenging Cannabis’ Schedule I Prohibited Status Under Federal Law

“The only resolution to this constitutional conflict is for the Supreme Court to invoke the doctrine of estoppel to prevent the federal government from reversing course and retroactively penalizing that which it has protected in fostering state cannabis programs and effectively legalizing it.”
The post NORML Files Amicus Brief to the Supreme Court Challenging Cannabis’ Schedule I Prohibited Status Under Federal Law appeared first on NORML.

Hexo, Molson Coors launch Truss CBD + THC beverage portfolio in Canada

Canadian cannabis producer Hexo Corp. and brewer Molson Coors Canada have launched new beverage products under their Truss Beverage Co. joint venture, marking increased competition in Canada’s much-hyped marijuana beverage market. The lineup of five drink brands unveiled Tuesday includes both CBD and THC products. All will be sold in Canadian marijuana dispensaries, not in […]

Canada, US business groups to support global cannabis industry expansion

Two North American business groups signed a memorandum of understanding to support Canadian and American companies seeking to capitalize on the growth of the international cannabis market. The agreement between the Canadian Chamber of Commerce’s International Cannabis Council and the American Trade Association for Cannabis and Hemp (ATACH) will support businesses on both sides of […]

‘Mystery soup’ vs. ‘Swiss Army knife of molecules’: Industry leaders debate future of CBD isolate

Before he became a full-fledged advocate for full-spectrum cannabinoid products, Tim Gordon admits he was fascinated with the potential of CBD alone. “My passion was CBD and understanding this Swiss Army knife of molecules,” Gordon told Hemp Industry Daily editor Kristen Nichols during HID’s latest webinar. Gordon, the founder and chief science officer of full-spectrum […]

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. […]

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