Monica Raymunt


Italy finalizes hemp commission roster as industry eyes piece of 10 million-euro budget windfall

Italy’s agricultural ministry has named four dozen government, regulatory and industry stakeholders to  a new working group for the country’s hemp sector. According to a decree published last week, the working group is expected “to perform consultative and monitoring duties” for the hemp sector. The commission’s 48 members include representatives from: The Ministry of Agricultural, Food […]

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Australia’s Creso Pharma cleared to sell CBD pet product line in Uruguay

Authorities in Uruguay have given Australia-based pharmaceutical company Creso Pharma the green light to market its line of CBD animal products in the South American country. Creso Pharma, which offers a range of cannabis-derived wellness and lifestyle products for humans and animals, said Monday it received regulatory approval from Uruguay’s Ministry of Agriculture and Animal […]

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Aphria, Tilray to form biggest global cannabis company by revenue

Aphria and Tilray, two Canadian giants in cannabis, have agreed to combine operations and form an international behemoth with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion). The merged entity includes Manitoba Harvest, a Winnipeg maker of hemp food products that was acquired last year by Tilray. Based on data reported by […]

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Canada’s Canopy Growth loans $20 million to hemp-CBD subsidiary of TerrAscend

Arise Bioscience, a Florida-based hemp-derived CBD subsidiary of TerrAscend Corp., has received a $20 million loan from Canada’s Canopy Growth. The funds are not to be used in connection with any marijuana or marijuana-related operations in the United States “unless and until such operations comply with all applicable laws of the United States,” according to […]

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