This story appears in the May-June issue of Marijuana Business Magazine. Hemp and marijuana executives say the booming wellness market is a natural fit for cannabis-based medicine, and minor cannabinoids might play an even larger role in consumers’ health pursuits. That’s because of the effects that are possible through broad- or full-spectrum extracts as well […]
State lawmakers in Michigan on Tuesday approved a package of bills requiring hemp-derived delta-8 THC, along with other intoxicants that mimic a cannabis high, to be regulated by the Michigan Marijuana Regulatory Agency. The Michigan House Regulatory Reform Committee unanimously approved the bills, which now advance to the full House for a vote. The action, […]
Arizona CBD maker Kushly Industries and its owner have agreed to pay more than $30,000 for false marketing claims. The agreement posted Monday by the Federal Trade Commission says that Kushly, based in Scottsdale, made extensive health claims about its tinctures, softgels, topicals and edibles, claiming that CBD could treat everything from PTSD and multiple […]
States are setting up bans and restricting sales in reaction to a booming market for delta-8 THC and other synthetic isomers of CBD, but according to hemp industry advocates, the problem might have been avoided if federal drug regulators hadn’t delayed CBD regulations and enforcement for so long. Closing in on three years since the […]
Marijuana could be coming to Rite Aid, a U.S. pharmacy chain with 2,500 stores in U.S. 17 states. Rite Aid CEO Hayward Donigan said that “everyone is looking at the marijuana business.” “There is complexity to that, but (we’re) certainly keeping an eye on it,” she said at The Wall Street Journal’s Future of Everything […]
Members of the Minnesota House of Representatives approved legislation that includes provisions permitting registered medical cannabis patients to access medical cannabis flower. A bicameral conference committee approved the policy change as part of a broader omnibus bill related to healthcare. House members then approved the report Monday with a vote of 77 to 57. The […]
A Las Vegas-based international CBD wellness company is ramping up operations with distribution agreements and hemp acreage and processing facility purchases in New York. Virtual Medical International Inc., announced Friday that it will acquire Cherry Valley Growers, Inc., a licensed industrial hemp cultivator and processor in Otsego, New York. The purchase is part of a […]
Republican Governor Kay Ivey has signed legislation into law providing for state-regulated medical cannabis access to qualifying patients with a physician’s recommendation. Governor Ivey said, “I’ve signed SB 46 pertaining to medical marijuana. I would like to thank Sen. Tim Melson and Rep. Mike Ball for their hard work over the last few years and […]
Denver probiotic and CBD manufacturer HempFusion Wellness Inc. is buying the holdings company that owns the Apothecanna CBD line for up to $25 million in a stock-and-cash deal announced Monday. The deal with APCNA Holdings, also based in Denver, gives HempFusion a CBD brand sold in 1,800 CVS Pharmacies locations. HempFusion will pay $15 million […]
Regulators have amended state rules to expand the pool of patients eligible to receive medical cannabis authorizations. Members of the Ohio State Medical Board have approved requests to expand the list of qualifying conditions to include: arthritis, chronic migraines, and complex regional pain syndrome. Physicians in the state may authorize medical cannabis to patients suffering […]
