Learn more about the state of retailing in the marijuana industry at MJBizCon 2020. E-commerce behemoth Amazon is likely to get involved in hemp CBD U.S. retail, according to a forecast revealed during the Hemp Industry Daily Forum as part of the cannabis industry’s flagship conference, MJBizCon. Sales of hemp CBD products are expected to […]
Read MoreMonica Raymunt
Report: Malawi ready for hemp cultivation as tobacco revenue tumbles
Malawi’s new regulatory agency for the cultivation, processing and sale of medical cannabis and industrial hemp has said the country is ready to launch commercial production of the crop, the Reuters news agency reported last week.
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In Germany, EU court’s CBD decision brings additional political support for access
German politicians are joining those calling for easier CBD access in the wake of a landmark EU ruling that CBD is not a narcotic and is therefore allowed to be traded freely between EU member states.
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Industry groups, legal experts weigh implications of landmark CBD ruling in EU
Europe’s hemp industry hit a milestone last week when the European Union’s top court liberated CBD from the jurisdiction of an international drug treaty, declaring that hemp-derived cannabidiol is not a narcotic. Hemp groups in France and elsewhere in Europe gave the five judges a standing ovation for the Kanavape ruling, which declared that France’s […]
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CBD e-commerce platform in UK raises $1.5 million for new products, U.S. expansion
Alphagreen, a London-based e-commerce platform focused on CBD, has secured 1.1 million pounds ($1.5 million) of seed funding to help finance the rollout of new products and services and an expansion into the United States.
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Kentucky tobacco company buys stake in Texas hemp cigarette maker
It’s your final day to save $50 to discuss the smokable hemp market Nov. 30 at the Hemp Industry Daily Passholder Day Forum at MJBizCon2020. Turning Point Brands, a Kentucky tobacco company making increasing moves in the cannabis space, has acquired a 20% stake in the Texas-based hemp cigarette brand Wild Hempettes. The deal, which […]
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Top EU court: CBD is not a narcotic, can be freely traded on EU market
Learn more about the latest cannabis market conditions in Europe at the European Market Passholder Day Forum at MJBizCon2020, coming up Nov. 23 or on demand anytime afterward. The European Union’s high court said Thursday that CBD derived from the entire hemp plant is not a narcotic under an international drug treaty and is therefore […]
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Polish hemp company sets fundraising record in bid for textile, CBD expansion
Kombinat Konopny, a hemp grower in Poland, raised 4.2 million zloty ($1.1 million) in an online fundraising campaign this week, reportedly breaking the previously held record for the most money raised on an crowdfunding website in one day.
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EU court poised to make landmark ruling on CBD in Europe
Five judges on the European Union’s top court in Luxembourg are set to rule on the legality of France’s ban on hemp-derived CBD – and potentially upend the future of Europe’s hemp industry in the process. Thursday’s ruling from the Court of Justice of the European Union on the so-called Kanavape case is one of […]
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Report: Chinese hemp company lands $75 million investment from pharma giant
China’s biotech and pharma giant Tasly Holding Group has announced a 500 million yuan ($75.6 million) investment into biotech company Puyuan Miaosheng Group’s industrial hemp subsidiary. The investment will be used to develop Yunnan Maye Biotech’s operations in hemp farming, foods and beverages, pet food, new tobacco products and vaporizers, and biopharmaceutical products in five […]
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Hemp group eyes Chinese, EU markets after securing USDA funding for overseas marketing
The National Industrial Hemp Council has set its sights on Asian and European hemp markets after it says it was allocated $200,000 from the U.S. Department of Agriculture to promote U.S. hemp products abroad.
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German retailer Aldi rolls out private-label hemp line in UK
Aldi UK, the British arm of the German supermarket chain, has launched a house line of hempseed oil skincare products, joining the ranks of grocers carrying hemp and incorporating it in store-brand products.
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