FDA approves GW Pharmaceuticals’ CBD drug for new indication

CBD drug Epidiolex received approval from the U.S. Food and Drug Administration to treat seizures associated with a third medical condition, expanding the range of indications for the cannabis-derived medication. The orally administered drug from Britain’s GW Pharmaceuticals previously was approved by the FDA to treat seizures associated with two forms of severe epilepsy, Lennox-Gastaut […]

Uruguay cannabis company ships 50 kilograms dried flower to Switzerland via Germany

Cannabis Uruguay Ltda. (UCAN), a cannabis cultivator and processor in Montevideo, has exported its first shipment of dried flowers to Switzerland via Germany. The company’s 50-kilogram shipment of dried cannabis flower landed in Frankfurt on Saturday and arrived in Zurich on Sunday, Jorge Jover, an agronomist who works at UCAN, told Hemp Industry Daily. The […]

CBD cigarette maker hires Philip Morris strategist as new chief executive

A Las Vegas-based company preparing to launch a brand of CBD-containing hemp cigarettes later this year, Taat Lifestyle & Wellness, has appointed a former Philip Morris strategist as its CEO. CBD cigarette maker hires Philip Morris strategist as new chief executive is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis […]

Fees changing for foreign temporary labor visas

Hemp businesses using temporary foreign workers are going to see changing fee schedules for visas starting this fall. The U.S. Department of Homeland Security published a series of fee changes for visas on Monday. Visa programs are funded by user fees, which must be updated to cover costs. The agency is hiking fees on seasonal […]

Chart: 2020 an ‘extinction event’ for thousands of CBD companies, but industry remains crowded

Rocked by a global pandemic and its resulting economic havoc, thousands of CBD companies in the United States will likely shutter in 2020 – but the CBD market will remain flooded with some 1,500 brands jostling for market share, according to cannabis research firm Brightfield Group. The Top 20 over-the-counter CBD companies accounted for just […]

Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers

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 […]

‘If you listen to the consumer, you’re going to be right’: Q&A with Neptune Wellness CEO Michael Cammarata

(This is an abridged version of a feature that appears in the July issue of Marijuana Business Magazine.) How did a dyslexic 13-year-old who learned how to program computers, manage a mainstream pop band and build and sell a national deodorant brand come to lead a cannabis business? Michael Cammarata, the CEO of Neptune Wellness […]

Oregon senators ask feds to delay 2018 interim final hemp rules

Two Oregon U.S. senators want federal officials to delay implementation of the final rules for hemp growers “until regulatory obstacles are fully addressed,” they said in a letter to Agriculture Secretary Sonny Perdue. The letter from Sens. Ron Wyden and Jeff Merkley dated Thursday outlines several concerns with the 2018 interim final rules, including: The […]

EU Commission revises stance on WHO cannabis scheduling vote as it leans toward CBD as a narcotic

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 […]

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