RAMM Pharma, a cannabis-based pharmaceutical company with products in several Latin American countries, has bought Sicilian CBD processing company Canapar in an all-stock transaction worth about $22 million ($26.2 million Canadian dollars). Based in Toronto, RAMM purchased 49% of Canapar stock earlier this year. The transaction announced Wednesday has RAMM paying 21.9 million shares worth […]
The state of Minnesota’s revised hemp regulations have been approved by federal authorities, giving growers new remediation options and testing flexibility. The U.S. Department of Agriculture approved Minnesota’s initial plan last year and the updates in time for the 2021 growing season, according to the Minnesota Department of Agriculture. The revised plan doubles the testing […]
(Map courtesy of the National Drought Mitigation Center at the University of Nebraska-Lincoln, the U.S. Department of Agriculture and the National Oceanic and Atmospheric Administration.) (This is the latest installment in a series focused on cultivation planning for marijuana and hemp growers. The previous installment is available here.) Water is a must for successfully producing […]
Charlotte’s Web Holdings lost $13.9 million last quarter, missing analyst expectations, but says that the receding pandemic should boost sales going forward. The CBD maker in Boulder, Colorado, lost more than it did in the same period a year-ago, when the COVID-19 pandemic first took hold. The company lost $11.5 million in the first quarter […]
This story first appeared at Marijuana Business Daily. California-based marijuana company CannaCraft agreed to pay $300,000 to settle a lawsuit brought by Sonoma County authorities over allegedly false claims that some of its products could have beneficial health effects. According to a news release from the Sonoma County District Attorney’s office, the agency brought a civil […]
Big manufacturers need big suppliers, and a new hemp production and distribution alliance is planning to dominate the supply chain. The concept is simple: Be ready to cater to global manufacturers looking for reliable cannabinoid supply as soon as regulators provide the green light to jump into the market. The hemp alliance is gambling that, […]
State agriculture regulators in Michigan provided guidance in an e-mail to food manufacturers, distributors and retailers this week, clarifying rules around using hemp seeds and extracts including CBD in foods. The Michigan Department of Agriculture and Rural Development’s Food and Dairy Division, which oversees food manufacturers, distributors and retailers through routine inspections and sampling, updated […]
A craze that seems to have popped up and fizzled away just as fast is the whole candy edible boom. Of course, they’re still around, but the backlash has caused some lawsuits for copyright infringement. The latest in line to get in some legal trouble is “Medicated Skittles” and “Zkittlez,” both, obviously, for knocking off […]
This story first appeared at Marijuana Business Daily. Two bills in the California Legislature that would establish a new regulatory framework for hemp-infused goods – including CBD-laced foods and drinks – are poised to become law this year, which could jump-start the state’s nascent hemp industry and potentially give marijuana businesses an opportunity to expand […]
So there’s been a bit of a stir recently with the release of Canna Bumps, which is essentially marijuana concentrate that is advertised and made to look like Cocaine. It’s even sold with a spoon and card to create lines. Thanks @Leafly / @BruceBarcott for including my tweet/thoughts in this story about CannaBumps! https://t.co/MSmiqyJ6cU — […]
