Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers

Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally taxed as a tobacco substitute. CBD sellers in Switzerland had taken legal action to protest the 25% sales tax imposed on their goods as tobacco substitutes, according to a […]

‘If you listen to the consumer, you’re going to be right’: Q&A with Neptune Wellness CEO Michael Cammarata

(This is an abridged version of a feature that appears in the July issue of Marijuana Business Magazine.) How did a dyslexic 13-year-old who learned how to program computers, manage a mainstream pop band and build and sell a national deodorant brand come to lead a cannabis business? Michael Cammarata, the CEO of Neptune Wellness […]

Oregon senators ask feds to delay 2018 interim final hemp rules

Two Oregon U.S. senators want federal officials to delay implementation of the final rules for hemp growers “until regulatory obstacles are fully addressed,” they said in a letter to Agriculture Secretary Sonny Perdue. The letter from Sens. Ron Wyden and Jeff Merkley dated Thursday outlines several concerns with the 2018 interim final rules, including: The […]

EU Commission revises stance on WHO cannabis scheduling vote as it leans toward CBD as a narcotic

The executive branch of the European Union is changing its stance on how EU countries should vote on the World Health Organization’s cannabis scheduling changes in December, Hemp Industry Daily has learned. The development comes on the heels of the European Commission announcing its preliminary view that CBD extracted from the flowering tops of the […]

SEC complaint: 400 investors defrauded of $25M for supposed marijuana farm, CBD extraction facility

The U.S. Securities and Exchange Commission is accusing six individuals of fraudulently raising $25 million from 400 investors for a part in a supposed marijuana farm and CBD extraction facility. The money was raised from people across the country between September 2017 and February 2019, according to the complaint filed Tuesday in California federal court. […]

EPA funding hemp-pulping research in California

A project to make the process of extracting cellulose fibers from hemp more sustainable is getting a fresh round of funding from the U.S. Environmental Protection Agency. Researchers at the University of California, Riverside, are working on new methods of pulping hemp plants to delignify hemp stalks without leaving behind toxic chemicals known as “black […]

Looking to expand retail footprint, CV Sciences launches non-CBD products

California CBD manufacturer CV Sciences is starting a line of non-CBD products in an attempt to expand to more stores. The San Diego-based company announced Wednesday it was launching “CV Acute,” a line of dietary supplements than don’t contain any cannabis-derived ingredients. It’s the first of several products expected to be released as part of […]

Tough Fiber: Hemp making (slow) inroads to the textile market

Background from heat-insulating natural hemp material, construction, eco concept, top view, copy space (This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) Attentive shoppers walking through a Macy’s department store last winter might have spotted a rarity in the bedding department: hemp sheets, advertised as being 100% made […]

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