A Canadian health and wellness company is selling off more than 4.7 million common shares at an offering of U.S. $2.65 per share to raise some $12.65 million. Neptune Wellness Solutions, a hemp extractor and product manufacturer based in Laval, Quebec, said Monday in a company statement that it expects to use the net proceeds […]
The Hawaii Legislature has approved a bill that aligns its hemp testing with federal law and joins other states in banning smokable hemp and CBD-infused edibles. Lawmakers sent the bill to Democratic Gov. David Ige on Friday. The bill also prohibits hemp from being processed with 500 feet “of a pre-existing playground, school, state park, […]
This is the second part of an interview with Elixinol CEO Oliver Horn. Read his insights on leadership here. In a recent presentation, you said the company was “well-positioned to navigate the regulatory environment that is dynamic, and we remain very positive that regulatory changes are working in our favor.” What makes Elixinol well-positioned to […]
A CBD maker is among more than a dozen Canadian cannabis companies facing a labeling lawsuit. The lawsuit, filed in Alberta by consumer Lisa Marie Langevin, accuses the companies and their subsidiaries of selling products “with THC or CBD content levels that were drastically different” from what was advertised. Canada allows 15% variance for most […]
Colorado officials who have long since settled how to zone marijuana cultivation to address odor complaints are starting to turn their sights to the hemp industry. Local authorities in Boulder voted this week to limit hemp businesses to three within a 500-foot radius, an attempt to address smell complaints related to the college town’s five […]
The European Commission has decided to halt “novel foods” applications to infuse edibles with CBD because it’s considering labeling the ingredient as related to narcotics. European Union regulators have said that cannabinoid extracts such as CBD are subject to a 1997 provision called the Novel Food Regulation, a set of guidelines for evaluating consumer safety […]
The see-saw hemp industry has challenged all layers of the supply chain, from farmers looking to capitalize on a new crop to processors trying to find formulations that fit quickly changing rules. For international operators, those challenges have been even steeper. Australian hemp and CBD maker Elixinol Global has had a front-row seat to hemp […]
Indiana’s law banning smokable hemp has come back to life after a federal appeals court ruled that a lower judge went too far in blocking it. The ruling means that Indiana can enforce its 2019 law banning the manufacture, possession and sale of smokable hemp products – while the case goes back to a lower […]
A federal judge has blocked a California farm from being part of a lawsuit filed by an American Indian tribe over local authorities’ seizure of their hemp plants. A judge said in a ruling Tuesday that S.G. Farms “has not shown it had or has had an enforceable interest in any portion of the crop.” […]
Testing of CBD-infused products conducted by the U.S. Food and Drug Administration found that many are mislabeled, containing far less or more CBD than advertised and in some instances THC that wasn’t supposed to be there. Of the 102 products tested this year that were labeled as having CBD, 18 had less than 80% of […]
