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 […]
Read MoreMonica Raymunt
EU drug agency flags CBD market issues in report on low-THC cannabis products
The European Union’s drug agency has signaled that it is mulling the legal and commercial status of CBD and cannabis-based products in Europe in a new report.
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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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Australia nixes prescription requirement for select CBD products
Regulators in Australia have amended the country’s drug law and removed a prescription requirement for some CBD products, paving the way for greater consumer access but saddling CBD makers with efficacy requirements that threaten to create barriers to market entry.
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Justice Department grants federal lab $350K to develop THC test for hemp
The research arm of the U.S. Department of Justice has awarded $350,000 to a federal laboratory to develop a reliable method for measuring THC levels to distinguish industrial hemp from marijuana.
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Massachusetts clears path for hemp-derived CBD ingestibles in MJ retail
Massachusetts’ governor has agreed to allow marijuana dispensaries to sell hemp and hemp-derived products grown and manufactured in the state.
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Mexico hits snooze on hemp legalization until next spring
The Supreme Court of Mexico has again extended the deadline for legislators to comply with a mandate to legalize industrial hemp and adult-use marijuana.
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In nascent CBD coffee market, first-time exposure is ‘make-or-break,’ Nielsen says
With consumer interest in hemp-derived CBD showing no signs of waning, a growing number of companies are looking to one particular consumer product good as a conduit for cannabidiol: coffee.
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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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Dutch furniture maker launches carbon-negative hemp chair
Europe’s largest independent grower and processor of industrial hemp has teamed up with a Dutch bioplastics developer and a Dutch furniture manufacturer to make a recyclable, carbon-negative chair with a hemp fibre seat shell.
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