A global giant in generic drugs manufacturing is expanding into the CBD market through a new partnership with Colorado CBD manufacturer Kazmira LLC. Perrigo Co., based in Dublin, Ireland, has invested $50 million for a 20% equity stake in Kazmira, located just east of Denver in Watkins, Colorado. The deal calls for Perrigo to pay […]
Authorities across Europe have listed 114 products containing CBD in the European Union’s food-safety alert system since the start of last year, with data indicating that some countries are policing novel-food violations more frequently than others. The listing of cannabidiol, THC and hemp-derived products in the EU’s Rapid Alert System for Food and Feed (RASFF) […]
A group of hemp growers and processors in New York is calling on the state Department of Health to release regulations so that hemp and CBD businesses can make business decisions. According to a letter from the New York Cannabis Growers and Processors Association to state health regulators, legislation regulating hemp in New York State […]
The first tobacco company to joing the hemp and marijuana industries has filed for bankruptcy protection. Pyxus International Inc., one of the world’s largest tobacco suppliers, was hard hit by declining tobacco consumption and coronavirus-sparked supply disruptions. The company also grows hemp in the U.S. and marijuana in Canada. Based in Morrisville, North Carolina, Pyxus […]
Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head of the European Industrial Hemp Association […]
The main hemp industry body in Europe has received a green light from its members to move forward with “unprecedented” studies on cannabidiol and THC as part of a joint novel food authorization application. An “overwhelming majority” of European Industrial Hemp Association members voted on Monday in favor of “the principles of the special contribution […]
A meeting is scheduled for next week to discuss World Health Organization recommendations on marijuana, CBD and related substances. The recommendations include removing CBD and CBD preparations containing no more than 0.2% THC from the international drug-control conventions. The WHO’s CBD recommendation, if ultimately adopted, could lead to freer international trade in the cannabinoid. The […]
A Laotian agriculture company is taking an Australian hemp grower to arbitration after it withdrew from a joint CBD hemp project when the COVID-19 pandemic forced the closure of borders around the world. Sun Agriculture Promotion Industry and Commercial Co. filed an arbitration claim for $6.1 million with the Centre of Economic Dispute Resolution in […]
(This is the second installment of a two-part story on the prospects for hemp-derived construction materials in the post-coronavirus era. The first part can be read here.) HempFlax’s acquisition of Germany’s natural fiber insulation manufacturer Thermo Natur last month provided an example of how an established hemp growing and processing operation can further diversify its […]
“This is common sense legislation that provides physicians, not lawmakers, the ability and discretion to decide what treatment options are best for their patients.”
