A longer version of this story appears at Marijuana Business Daily International. Sales of medical marijuana in Denmark posted healthy gains in the third quarter of 2020, coinciding with the launch of GW Pharmaceuticals’ CBD drug Epidiolex. Overall sales of all medial cannabis products grew from about 13 million Danish Krones ($2 million) in the […]
This story appears in the January issue of Marijuana Business Magazine. Acquisitions remain a key strategy for companies looking to enter or expand their reach within the cannabis industry, but sellers must be ready to seize such opportunities. Owners who would like to exit the hemp space or join larger conglomerates should be ready to: Decide whether to engage a broker. Ensure their financial information is ready for close […]
A looming legal challenge to Texas’ ban on smokable hemp sales has been delayed until March. Travis County District Court Judge Livingston rescheduled the smokable hemp ban hearing back to March 22, 2021. The hearing had been scheduled for Feb. 1. The delay was first reported by the Texas Cannabis Collective. It comes at the […]
Read more about Garland’s nomination at Marijuana Business Daily. President-elect Joe Biden has settled on Merrick Garland as his nominee for U.S. attorney general, multiple news organizations reported Wednesday, tapping a federal judge to oversee the Department of Justice, which includes the Drug Enforcement Administration. Garland, chief judge of the U.S. Court of Appeals in […]
GenCanna, a Kentucky hemp and CBD company that filed for Chapter 11 bankruptcy in February, has dropped a suit against CBD company Medterra for unpaid invoices worth $4.5 million. GenCanna, now known as OGGUSA Inc., had sued Medterra last month, alleging that the latter failed to pay for shipments of CBD extracts and other products […]
Hemp entrepreneurs are starting the new year looking to play a role in global efforts to reduce plastic pollution. Canada has rolled out a list of single-use plastics that will be banned in the country by the end of 2021. Restrictions on single-use plastics include straws, coffee stirrers, drink rings, plastic cutlery, take-out food containers […]
A data breach at Aurora Cannabis has exposed the personal information of an unknown number of the Canadian company’s current and former employees, Marijuana Business Daily has learned. An email sent to a victim of the data breach cites a Dec. 25 “cybersecurity incident during which unauthorized parties accessed data in (Microsoft cloud software) SharePoint and OneDrive.” […]
Puerto Rico’s agriculture secretary says private investment is needed to build the infrastructure for the hemp industry to thrive in the U.S. territory. Secretary Ramon González told a local news outlet, Noticel, that without hemp processing plants, “the business of investing in the fields is for nothing,” “I believe that a lot of expectations were […]
This story originally appeared at Marijuana Business Daily. Canadian cannabis producer Canopy Growth Corp. is suing UK-based GW Pharmaceuticals in U.S. federal court, alleging that GW is knowingly infringing upon Canopy’s intellectual property. GW used a Canopy-patented method to extract the CBD that’s the active ingredient in its Epidiolex medication, according to a complaint filed […]
California’s new warning label as it appears on a La Vida Verde cannabis product. (Photo courtesy of La Vida Verde) A version of this story first appeared at Marijuana Business Daily. California’s hemp-derived CBD manufacturers are at risk of legal “whiplash,” one industry attorney says, after a new mandate requiring health warning labels for all […]
