A bill that would legalize medical cannabis and industrial hemp cultivation in Brazil could come up for its first debate in the Lower House plenary and be approved in that chamber before the end of the year.
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EU officials resume review of CBD novel food applications after ditching narcotic stance
European regulators have resumed their review of novel food authorization applications for CBD products after the commission abandoned its preliminary stance that cannabidiol should be treated as a narcotic. The European Commission, the executive arm of the European Union, says the change comes after a landmark court decision that CBD should be freely traded among […]
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European Commission reverses course, says CBD should not be regulated as a narcotic
Makers of CBD foods and supplements no longer face the prospect of a blanket ban in Europe after the European Commission revised its preliminary stance that CBD should be treated as a narcotic. The Commission sent a statement to the European Industrial Hemp Association and at least one other Novel Food authorization applicant on Wednesday […]
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UN commission rejects drug treaty exemption for CBD
The international community is poised to acknowledge therapeutic value of cannabis and hand the medical sector a major symbolic victory on Wednesday when a United Nations committee votes on changing the way that cannabis and related substances are scheduled in two international drug treaties.
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Nielsen predicts Amazon entry into U.S. CBD retail at MJBizCon hemp forum
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 […]
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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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