One of the largest cannabis companies in the world made a significant move into the U.S. hemp industry Monday by breaking ground on a new industrial park for hemp processing in New York. Canadian cannabis pioneer Canopy Growth Corp., based in Smith Falls, Ontario, unveiled plans for its new $150 million Hemp Industrial Park in […]
Cannabis investment company SOL Global Investments purchased additional common shares to raise its ownership in its CBD-focused wellness subsidiary HeavenlyRx to 44.53%. As part of a larger private offering, the Toronto-based international investment company announced Monday it spent an additional $18.1 million (23.9 million Canadian dollars) on HeavenlyRx. The announcement comes just weeks after Sol […]
After federal regulators warned cannabis giant Curaleaf last week against making unsubstantiated medical claims for its CBD products, the company has taken action. The Massachusetts cannabis company removed its blog and deleted social media posts and articles on its website saying its products can be used to treat medical conditions such as cancer, Alzheimer’s disease, chronic […]
Some in Michigan’s fledgling hemp industry are concerned that a state privacy law preventing agriculture officials from disclosing hemp farmers’ identities and locations could negatively affect their businesses. As a stipulation under the 2018 Farm Bill, applicants who seek to produce and process hemp must give their GPS coordinates. But the Michigan attorney general’s office […]
GW Pharmaceuticals announced that the Committee for Medicinal Products for Human Use (CHMP) recommended approval of the British company’s cannabis-based medicine Epidiolex. The CHMP is responsible for preparing the European Medicines Agency (EMA)’s opinions on questions related to the marketing of human medicines. The CHMP opinion was adopted July 25, and the final decision now rests […]
Federal officials have approved plans for the University of Mississippi to grow 2,000 kilograms (4,409 pounds) of cannabis to provide to investigators for clinical trial research.
In the latest blow dealt to the burgeoning smokable hemp flower market in the Southeast United States, South Carolina law enforcement officials are requiring retailers across the state to pull raw, unprocessed hemp products from their store shelves. The action comes after an opinion handed down from the State Attorney General’s office on July 10 […]
Another set of policymakers in North Carolina has signed off on banning smokable hemp until December 2020 in hopes that tests will be developed by then to distinguish the plant from marijuana. The state House Judiciary Committee voted to approve the original measure passed by the Senate, which would make smokable hemp legal until December […]
Paul Norman As hemp and CBD companies increasingly lure executive-level talent away from mainstream corporations, many are coming from large food companies. The Kellogg Co. is one of them. The $13 billion food giant recently saw three of its executives leave for positions in the cannabis space, including Paul Norman, a former president of Kellogg […]
Canadian marijuana giant Aurora Cannabis is sponsoring CBD research with the UFC to determine if the cannabinoid treatments are effective in treating pain and inflammation. The partnership marks a milestone for the cannabis industry, where individual athletes commonly strike sponsorship deals but few prominent leagues agree to research for CBD or other cannabis products. Athletes’ […]
