France, Italy and the Netherlands are leading the pack when it comes to industrial hemp cultivation in Europe, according to the most recent data available. More than 50% of industrial hemp in Europe was planted in those three countries, and the amount planted across the continent rose 3.3% in 2018 compared to the previous year, according […]
Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, is no longer considered a controlled substance, providing a boost to its manufacturer’s stock price. GW Pharmaceuticals, a biopharmaceutical company based in London, saw its stock go up 7.6% on Tuesday, one day after the U.S. Drug Enforcement Administration said it […]
“Just like alcohol prohibition gave rise to the illicit production of dangerous ‘bathtub gin,’ marijuana prohibition provides bad actors, not licensed businesses, the opportunity to fulfill consumers’ demand – sometimes with tragic results.”
A cannabinoid producer in the Czech Republic is the first to have a CBD novel food application declared “valid” by EU authorities and move forward for a risk assessment. CBDepot’s application for the authorization of synthetic cannabidiol was sent to the European Food Safety Authority (ESFA) for a risk assessment on March 27, agency spokesman […]
Farmers who say they’re not getting needed assistance from federal coronavirus relief are looking to Congress to change an oversight keeping them from accessing help from the Small Business Administration. Eighty-six members of Congress wrote to SBA administrator Jovita Carranza Thursday asking for “immediate attention and swift action” to ensure that farms receive the economic relief they […]
A trove of business records from a 20th-century Kentucky hemp processor are now in the hands of the University of Kentucky. A family in Bourbon County donated some 17 boxes of records from the family decortication and processing business that operated from roughly 1900 to 1940. The university’s Special Collections Library will clean and archive the […]
Two beer giants had big plans to sell CBD infused beverages in Canada by the end of last year. But only one has hit shelves yet, underscoring the challenged cannabis drinks market in Canada. Fluent Beverage Co., a partnership between St. Louis, Missouri-based Anheuser-Busch InBev and Canadian cannabis giant Tilray, says it launched a line […]
The initial public offering for “blank check” company Collective Growth Corp. continues to be delayed on the Nasdaq because of the volatile stock market and uncertainty caused by the global coronavirus outbreak. The newly organized company, led by former Canopy Growth Corp. executives Bruce Linton, Tim Saunders and Geoff Whaling, was established in hopes of […]
The CBD business side of Columbus, Ohio-based cannabis retailer Green Growth Brands is going into receivership, just a few weeks after it said it wants to sell the struggling business. The company announced Friday that it filed a motion to appoint a receiver with the Franklin County Court of Common Pleas in Ohio. Green Growth […]
Here’s a state-by-state list of jurisdictions that designate medical cannabis outlets as essential businesses during COVID-19, and which are allowed to provide other options such as curbside pickup, delivery, and virtual doctors visits.
