The availability of hemp flower containing up to 0.6% THC in Italy led some marijuana users to abandon their illicit products, costing criminal networks tens of millions, a trio of economists has found. The researchers’ findings, published last year in the European Economic Review, suggest Italy’s criminal organizations lost tens of millions of euros after […]
Read MoreMonica Raymunt
Report: New Zealand health agency cracks down on illegal CBD sales
Authorities in New Zealand have threatened two hemp farmers with a $100,000 fine and loss of hemp license for selling products containing cannabidiol, which is permitted only in prescription medications in the country.
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CBD for seniors: Best practices for winning over an emerging market
As the U.S. population ages, businesses in the health and wellness industry are starting to recognize older consumers as a new and emerging market.
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2020 survival strategies: Why Elixinol cut half its workforce, halted production and refocused for future growth
Hemp-derived CBD supplement maker Elixinol shed half of its global workforce and shuttered production lines in the first half of this year in response to market decline stemming from the global COVID-19 pandemic. Now the Australian company is looking to leverage a leaner operation and focus on its core CBD brands for future success. Talking […]
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Italy suspends decree that added CBD preparations to narcotics law
Italy’s Health Ministry has backtracked on its decision to add ingestible, hemp-derived CBD formulas to a list of medicines in its narcotics law, issuing a decree to suspend the controversial change one day before it was due to take effect.
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European Parliament votes to add 0.3% THC limit for hemp to EU farm policy overhaul
The European Parliament has voted to raise the THC limit for industrial hemp from 0.2% to 0.3% and allow hemp and hemp-derived products to be subject to European Union marketing standards.
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Self-governing British island is getting into the CBD business
The Isle of Man, a self-governing British dependency located between Ireland and England, has announced plans to create an export-only sector for hemp and cannabis products.
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In Italy, a change on CBD medicine classification stokes confusion in hemp industry
Italy’s Health Ministry has added cannabidiol compositions for oral consumption to a table of medicines, paving the way for GW Pharmaceuticals; epilepsy drug Epidiolex to hit the market there.
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Upscale CBD retailer flexes into UK with distribution in British department store, UK website
Standard Dose, a wellness brand and CBD retailer in the United States, has launched a U.K. website and inked a distribution deal with John Lewis & Partners, a multichannel retailer that operates more than 40 department stores across Great Britain.
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Report: NFL players’ union warns members not to endorse CBD products
The NFL Players Association has updated its policy to discourage athletes from endorsing products that contain CBD or other cannabinoids.
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Top EU court to issue final ruling on France’s CBD ban on Nov. 19
The European Union’s top court will deliver its final ruling on the Kanavape case and the legality of France’s ban on hemp-derived CBD on Nov. 19.
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Study: Higher-THC hemp used in Italy as substitute for sedatives, anti-depressants
The sale of hemp flower in Italy has been connected with a decrease in sales of several types of medications, suggesting that some patients chose to dump their prescription drugs in favor of self-medication with an unregulated CBD-based therapy, research by a trio of economists shows.
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