Three cannabis veterans who helped grow a Canadian firm into the biggest company in cannabis are setting their sights – and up to $175 million – on the U.S. hemp supply chain beyond just flower products. Bruce Linton and Tim Saunders, the former CEO and CFO of Canopy Growth, have joined forces with Geoff Whaling, president […]
New York State is set to legalize and regulate cannabis for adult-use, and improve our existing medical marijuana and hemp programs by April 1st with the 2020-2021 NYS Budget. But our work isn’t over yet and we need to fight for SMART legalization now more than ever!
Two Canadian companies that formed a joint venture to sell hemp and marijuana have settled a legal dispute over who owned more of the business they created. Village Farms International and Emerald Health Therapeutics on Tuesday announced the settlement, which stipulates that Village Farms will own 57.4 % of Pure Sunfarms Corp., the venture they […]
A New York-based company that makes hemp-derived CBD supplements, drinks and cosmetics has secured $5 million from a European private equity firm in a cash-for-stock deal. Emerald Organic Products, which makes CBD products under the Pura Vida Vitamins label, announced the deal Tuesday with Bedrock Group Holdings, a private equity firm with offices in London, […]
An Ohio-based cannabis retailer that owns the nation’s largest chain of CBD retail kiosks in malls is selling most of that business to focus on running marijuana dispensaries instead. Green Growth Brands’ announcement last week caps a tumultuous year for the company, which laid off 50 workers in September from its Columbus headquarters. GGB also […]
Minnesota regulators are calling for a one-stop office that would oversee all aspects of hemp and medical marijuana – as as a potential adult-use MJ market. The office also would oversee the state’s fast-growing CBD market. A central office, among other things, would help the state deal with unregulated and mislabeled products, according to the Minneapolis […]
The United Kingdom became a trailblazer in national CBD regulation earlier this month when its Food Standards Agency set a deadline for the industry to apply for EU safety evaluations as a “novel food,” and also provided consumption guidelines to consumers. The UK guidelines, which do not apply to Scotland, came a little more than […]
Welcome to the latest edition of NORML’s Weekly Legislative Roundup!
Canada’s public health agency is putting together its committee to study the potential health benefits of products containing cannabis. Health Canada announced Thursday that it will begin taking nominations for a panel of experts who “will provide independent scientific and clinical advice to support the Department’s consideration of appropriate safety, efficacy, and quality standards for […]
The annual revenues related to medical cannabis now totals more than the total revenues generated by the sales of blueberries, maple syrup, apples, herring, and oysters combined.
