House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]
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‘It is not an overnight process’: Q&A with David Gordon of Colombian hemp producer PharmaCielo
Cannabis companies are investing heavily in Latin American markets, where low-THC varieties known as hemp in the U.S. play a large role in nascent medical marijuana regulations.
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UK farmers group endorses hemp products to reduce global warming
Hemp-derived construction components could help reduce greenhouse-gas emissions and should be promoted by the government, according to a new report from an English farmers association. The National Farming Union, a group of about 50,000 farmers in England and Wales, touted hemp construction in a plan detailing ways to get England’s and Wales’ farming industries to […]
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Canadian cannabis company planning to grow 17,000 acres of hemp in China
A Toronto marijuana producer is making plans to grow hemp in China to make CBD and other hemp products. Pure Global Cannabis announced Tuesday it signed an agreement to grow roughly 17,000 acres of hemp in the Yunnan province. Pure Global Cannabis says it will operate its China hemp operation with another company, KMT-Hansa Corp. […]
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CBD drug Epidiolex approved for use in Europe, GW Pharmaceuticals says
The only federally approved CBD product in the U.S. has been OK’d by European authorities for use there. The European Commission granted marketing authorization to Epidyolex, the trade name in Europe for Epidiolex, GW Pharmaceuticals announced Monday. In June 2018, the U.S. Food and Drug Administration approved Epidiolex for the treatment of seizures associated with two rare kinds […]
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Arthritis Foundation issues CBD guidance, a first among major patient advocacy groups
The Arthritis Foundation became the first major patient advocacy group to issue CBD recommendations, telling some 50 million arthritis patients Tuesday what to look for when choosing CBD. The group did not recommend using CBD to treat arthritis symptoms, though it noted that people with arthritis show “significant use of and interest in CBD” for […]
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London cannabis investment fund acquires UK CBD manufacturer
A London cannabis investment firm has acquired a CBD manufacturer to launch its foray into European markets. World High Life will buy Love Hemp, which makes CBD topicals and edibles, for $11.23 million, the company announced Monday. Love Hemp products are distributed in convenience stores and drugstores. World High Life said the acquisition would give […]
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Ecuador considers hemp changes amid broader cannabis review
Ecuador may change its laws around hemp as part of a broader overhaul of how the South American country treats medical cannabis. Last week, Ecuador’s Congress approved a major reform of the Organic Integral Criminal Code. Ecuador is one of the few South American countries that still has not legalized hemp nor medical cannabis. If given […]
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Members of Congress question viability of crop insurance for hemp
Congressional agriculture leaders from both parties are asking whether crop insurance for hemp will be workable. The crop insurance challenge came up Thursday in the House Agriculture Committee, where Democratic Chairman Collin Peterson of Minnesota expressed doubts that hemp could be insured in the near future, given how little is known about producing it at commercial […]
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Alabama to delay hemp applications, citing federal hold up
Alabama has postponed for two weeks the opening of the application period for its 2020 hemp program as it awaits federal interim regulations. The registration period for growers, processors and universities will now run for four weeks, from Oct. 7 to Nov. 1, the Alabama Department of Agriculture and Industries said. The U.S. Department of Agriculture […]
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Federal judge rules that Indiana’s smokable hemp ban is unconstitutional
A federal judge has thrown out Indiana’s ban on smokable hemp, calling it unconstitutional for states to ban one type of hemp because they can’t easily distinguish it from marijuana. The judge sided with the Midwest Hemp Council and seven Indiana hemp wholesalers that sued over Indiana’s July law banning smokable hemp products. The hemp […]
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Coors subsidiary to start carrying nonalcoholic CBD beverages
Citing increased demand for nonalcoholic beverages, a Coors distributor in the Denver area has started carrying two brands of nonalcoholic drinks infused with hemp extracts including CBD. Coors Distributing Co., an independent LLC owned by Molson Coors, distributes beverages to more than 1,000 locations, including restaurants, convenience stores, grocery stores, liquor stores and events venues. […]
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