Coronavirus may delay Mexico vote on hemp, marijuana legalization

Mexico’s vote to legalize hemp and marijuana will likely be delayed because of the coronavirus pandemic, one attorney following the proceedings said. The delay has not been announced, but it’s expected to happen any moment, said Luis Armendáriz, an attorney in Chihuahua, Mexico, who is affiliated with Denver’s Hoban Law Group. “My realistic expectation is that […]

Green Growth Brands says laid-off workers will be paid, while CBD sale continues

Cannabis retailing giant Green Growth Brands, which abruptly laid off 870 workers last week and told them that plans to sell part of the business could be delayed “until the world begins to resume normalcy,” is trying to reassure investors and former employees that its transition plans are intact. The company temporarily shuttered hundreds of […]

Charlotte’s Web to acquire Abacus Health Products for $68M

A major Colorado CBD maker will purchase a Rhode Island company that makes CBD topical products, the two companies announced Monday. Charlotte’s Web, a producer of hemp-derived CBD wellness products based in Boulder, Colorado, will acquire Abacus Health Products of Woonsocket, Rhode Island. for implied total equity consideration of approximately CA$99 million ($68.2 million). Under […]

Coronavirus uncertainty prompts hemp farmers to lock down seeds, but some see turbulence ahead

Farmers had been holding off on buying hempseed and young plants this spring. But as the global coronavirus outbreak continues to ravage the U.S. economy and municipalities and states have begun to mandate shelter-in-place orders, producers have been reaching out to confirm their orders and are eager to get their crops planted this season, according […]

Weekly Legislative Roundup 3/21/20

Given the current COVID-19 pandemic, the NORML team is working remotely in compliance with CDC guidelines. However, the work of reforming our nation’s failed marijuana laws is not suspended therefore we’re still updating you policy efforts across the country. We encourage you to read our post about our efforts and best practices for the cannabis community during these trying times. Welcome to the latest edition of NORML’s Weekly Legislative Roundup. Things are a little different this week as the world responds to the global COVID-19 pandemic and lawmakers must shift priorities to address relief efforts. Many state capitols around the country have suspended legislative sessions, continued to vote on key bills remotely, or have at the very least closed to the public and… Read More

Cannabis Workers, Unemployment Insurance, and the Small Business Administration: What You Need to Know

There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. That is why this week, NORML reached out to our numerous allies on Capitol Hill to ensure that any Unemployment Insurance aid packages considered by Congress provide relief to cannabis-industry personnel who have been or will be either furloughed from their jobs.

Former ‘Shark Tank’ investor joins hemp company board

California hemp and marijuana producer Goldenseed has added former “Shark Tank” investor Kevin Harrington to its advisory board. Goldenseed, a privately held company in Santa Cruz, said that Harrington has also invested in the company, though it did not say how much. Harrington was an early television informercial pitchman and appeared on the first two […]

Mexico’s legalization of hemp, marijuana could be ‘quite significant’ for US markets

Mexico is poised to become the world’s most populous country with legal marijuana and hemp next month – and, unlike its northern neighbor, Mexico is setting nationwide regulations to cover all forms of cannabis, no matter the THC content, instead of having a patchwork of laws for the two plants. That could potentially open more […]

Hemp Industries Association president steps down

The president of the Hemp Industries Association, Joy Beckerman, is leaving the organization, effective immediately, the group announced on Thursday. The nonprofit said that Beckerman and the industry group had mutually agreed to part ways over “time constraints and many other responsibilities” she has with other organizations. “Joy has been an immense asset to the […]

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