CBD News: 2021: The year of positive CBD policy changes

(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Havens co-chairs the Cannabis Law and Food, Beverage and Agribusiness Practices at Saul Ewing Arnstein & Lehr law firm in Washington DC.) The hemp industry has been waiting with bated breath for the release of the […]

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CBD News: GW Pharma expects fiscal 2020 sales to reach $526 million

GW Pharmaceuticals expects to report annual sales of approximately $526 million for the year ended Dec. 31, 2020, it said in a preview of its fourth quarter and full-year results.

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CBD News: Molson Coors, HEXO launch CBD drinks in Colorado

Molson Coors Beverage Co. says it has launched CBD drinks in Colorado through TRUSS CBD USA, its joint venture with HEXO Corp. The beverage line will be available in three flavors – Grapefruit Tarragon, Strawberry Hibiscus and Blueberry Lavender under the name, “Verywell,” Molson Coors and HEXO said Wednesday. The companies first partnered in 2018 […]

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CBD News: Hemp licenses up, but acreage down in 2020 – yet industry is optimistic for growth

Last year hemp farmers took a step back and devoted fewer resources to the crop – the enthusiasm of previous years tempered by oversupply, supply-chain issues and a lack of infrastructure.

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CBD News: Venture capital firm Canopy Rivers sells 49% stake in Italian processor to RAMM Pharma

RAMM Pharma, a cannabis-based pharmaceutical company with products in several Latin American countries, has bought a 49% stake in the Sicilian CBD processing company Canapar.

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CBD News: FDA says it seeks ‘real world data’ to fill in CBD research gaps in ‘end of administration’ update

Federal food and drug officials said Friday that they plan to fill in current CBD research gaps with “real world data” — but industry advocates are frustrated that regulators haven’t done enough to clear up the rules, which has caused supply-chain bottlenecks while leaving consumers to navigate an increasing field of unregulated products. An update […]

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CBD News: California bill to legalize hemp extracts in food, drinks, includes ban on smokable flower

California lawmakers will be faced again with the long-debated question of whether to allow hemp extracts in food and beverages in the state when the legislative session opens Monday, but this time the proposal comes with a twist: The measure would also ban smokable hemp flower – an increasingly popular and unregulated segment of the industry. […]

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CBD News: Vermont to conduct ‘contactless’ inspections of hemp operators during COVID

Vermont will be conducting contactless inspections of hemp operators to limit person-to-person contact during the pandemic. The Vermont Agency of Agriculture, Food and Markets says the inspections will begin with a phone call, followed by an email and an online form to gather information about number of harvested lots, yields, and results of contaminant testing, […]

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CBD News: Denmark medical cannabis sales post a positive quarter thanks to Epidiolex

Sales of medical marijuana in Denmark posted healthy gains in the third quarter of 2020, coinciding with the launch of GW Pharmaceuticals' cannabis drug Epidiolex.

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CBD News: Landing a Buyer: Executives who have closed M&A deals reveal what makes them commit

This story appears in the January issue of Marijuana Business Magazine. Acquisitions remain a key strategy for companies looking to enter or expand their reach within the cannabis industry, but sellers must be ready to seize such opportunities.  Owners who would like to exit the hemp space or join larger conglomerates should be ready to:  Decide whether to engage a broker.  Ensure their financial information is ready for close […]

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CBD News: Bankrupt GenCanna drops suit against MedTerra, calls CBD company ‘long-term partner’

GenCanna, a Kentucky hemp and CBD company that filed for Chapter 11 bankruptcy in February, has dropped a suit against CBD company Medterra for unpaid invoices worth $4.5 million. GenCanna, now known as OGGUSA Inc., had sued Medterra last month, alleging that the latter failed to pay for shipments of CBD extracts and other products […]

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CBD News: Cannabis firm Canopy Growth sues GW Pharma, claiming patent infringement

This story originally appeared at Marijuana Business Daily. Canadian cannabis producer Canopy Growth Corp. is suing UK-based GW Pharmaceuticals in U.S. federal court, alleging that GW is knowingly infringing upon Canopy’s intellectual property. GW used a Canopy-patented method to extract the CBD that’s the active ingredient in its Epidiolex medication, according to a complaint filed […]

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CBD News: New Michigan law lets veterinarians discuss CBD options with pet owners

Michigan’s governor has signed legislation to allow veterinarians to talk with pet owner about giving cannabis to their animals for therapeutic use. Michigan lawmakers approved the proposal in December and lets veterinarians “consult” with pet owners about the use of either marijuana or hemp products for their pets, the Oakland Press reported Friday. Sales for […]

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CBD News: Alabama hemp company launches new fiber processing plant

BastCore, an Alabama-based hemp fiber company, has turned a former steam plant outside the capital of Montgomery into a processing facility, one of the first in the United States to offer a key link in the supply chain between Alabama’s farmers and hemp-derived product makers. Final electrical work was underway inside the processing facility last […]

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