House Agriculture Chairman Collin Peterson, a Minnesota Democrat and sponsor of a bill to require federal food and agriculture regulators to treat hemp-derived CBD as a dietary supplement, has lost his re-election bid. Peterson lost to Republican challenger Michelle Fischbach on Tuesday. He has represented rural western Minnesota since 1991; demographic changes made him among […]
CBD consumers trying to make sense of terms like “full spectrum” and “broad spectrum” on labels are getting some help in New York state, where new rules for hemp extracts are winning praise from some in the hemp industry who say they could serve as a template for future state or federal action. Hemp operators […]
(A version of this story first appeared at Marijuana Business Daily.) United Kingdom-based GW Pharmaceuticals posted higher revenue in the quarter ended Sept. 30, largely driven by U.S. sales of its cannabidiol medicine Epidiolex. GW’s total revenue for the third quarter reached $137.1 million, about 16% more than the previous quarter’s $121.3 million. Epidiolex sales […]
Authorities in New Zealand have threatened two hemp farmers with a $100,000 fine and loss of hemp license for selling products containing cannabidiol, which is permitted only in prescription medications in the country. Sarah Gibson and Aaron Silcock, hemp growers in the town of Reefton in the island nation’s West Coast region, received the warning […]
A version of this story first appeared at Marijuana Business Daily International. Marijuana and hemp giant Canopy Growth is swapping one stock exchange for another, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq in an effort to save money. Canopy, which reported a loss of 128 million Canadian dollars ($97 million) […]
As the U.S. population ages, businesses in the health and wellness industry are starting to recognize older consumers as a new and emerging market. Census data has indicated that the number of Boomers (ages 55 to 73) and seniors (age 74 and over) in the United States stood at approximately 95 million last year, and […]
New York wellness holding company Onassis Holding Corp. has bought a CBD maker in Slovenia for $6 million in stock. Onassis’ acquisition of MGC Nutraceuticals in Ljubljiana, Slovenia, gives the company a foothold to distribute CBD derived from Slovenian-grown hemp across Europe. The company formerly belonged to MGC Pharmaceutics, which makes medical marijuana. Under the […]
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Shawn Hauser is an attorney who leads the Hemp and Cannabinoids Department at Vicente Sederberg law firm in Denver.) The legalization of hemp in 2018 was a historic step forward after decades of full prohibition of […]
Thoughtful Brands, a cannabis and psychedelics company in Vancouver, British Columbia, has dissolved its subsidiary in Germany to focus on its direct-to-consumer brands, including a CBD maker in Kentucky. Thoughtful Brands says its subsidiary Verrian Germany GmbH has sought creditor protection and institute insolvency proceedings in Germany. Verrian focused on researching psychedelic compounds in Radebeul, […]
Government officials in Guyana and Panama are considering legalizing hemp cultivation in their countries. Both governments took steps toward that goal this month, with Guyana reviewing feasibility studies and discussing hemp trials, while in Panama government officials and lawmakers formed a committee to discuss the potential of industrial hemp,. Hemp Today reported. Supporters of hemp […]
