Briefs

Cannabis tech firm Eaze opens online CBD marketplace to meet growing demand

San Francisco-based tech company Eaze launched a new online marketplace, Eaze Wellness, to ship hemp-derived CBD products to 41 states across the U.S. and the District of Columbia. CBD sales more than doubled among the company’s customers last year, Sheena Shiravi, Eaze’s director of consumer communications, told Fortune, highlighting a key business opportunity. This marks the company’s […]

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New Zealand legalizes hempseed as food, issues guidelines

A regulatory change in New Zealand has opened the doors to hemp as food in the island nation. “Hemp seeds are safe to eat and nutritious,” Bryan Wilson, head of New Zealand Food Safety, said in the announcement about the changes that now allow the sale of hempseed foods. The new guidance is being embraced by […]

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MariMed invests $30M in hemp-derived CBD producer

Massachusetts-based MariMed, a multistate cannabis operator, is entering the hemp-derived CBD business with a $30 million investment in a Kentucky company. The company, GenCanna, has contract farmers to grow hemp to its specifications as well as processing facilities to make CBD extracts, concentrates, isolates and other products. GenCanna plans to use the investment to expand […]

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McConnell issues Farm Bill ‘guarantee’ that hemp will make final version

Hemp expansion in the next Farm Bill is a “guarantee,” according to the U.S. Senate’s majority leader. Republican Sen. Mitch McConnell said he’s not sure when Congress will finalize a Farm Bill to get to the president’s desk, but he’s certain hemp will be part of that compromise. “It will be in there, I guarantee […]

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Colorado voters approve adjustable THC limits for hemp

Colorado voters on Tuesday made it easier to change the definition of industrial hemp. State residents approved constitutional Amendment X, which ties the state’s definition of hemp to the federal definition – or allows state lawmakers to change the THC limits for cannabis that can be considered hemp and not marijuana if federal law allows […]

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Sales begin for first FDA-approved CBD drug

Sales are underway for the first CBD drug approved by the U.S. Food and Drug Administration. The drug, Epidiolex, treats two rare types of epilepsy and is made from marijuana plants grown in the United Kingdom. The maker of the medication, GW Pharmaceuticals, has said the tincture would cost about $32,500 a year. U.S. insurance […]

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Hemp ‘entourage’ trademark dispute widens as companies jostle over use of term

A long-simmering trademark dispute over the word “entourage” got wider this week, with one company asking others in the hemp industry to share how they use the term. Full Spectrum Nutrition, a CBD manufacturer in Colorado Springs, Colorado, is calling for other businesses to help it challenge a 2016 trademark on the phrase “entourage hemp.” […]

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Oregon hempseed dispute leads to $21 million lawsuit

A batch of hempseeds in Oregon billed as CBD-rich females that turned out to be neither feminized nor high in the cannabinoid has led to a $21.2 million lawsuit. That’s how much six people say they lost after the seeds resulted in inferior plants, leading to the lawsuit against three seed dealers in a southern Oregon […]

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Canadian cannabis company adds Polish hemp grower to European portfolio

A Canadian cannabis company has bought a Polish hemp firm to expand CBD production in Europe. ICC International Cannabis Corp. announced Tuesday that it has acquired Polannabis Holdings, which includes a company that grows 850 acres of hemp and has licenses to extract CBD. ICC is paying 2.5 million Canadian dollars ($1.9 million) and 26.5 […]

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RI allows medical marijuana to treat autism – after trying FDA-approved CBD

A Rhode Island decision to expand medical marijuana access has a worrying caveat for many in the CBD industry: Patients must first try an FDA-approved version of the drug. That classification by the Food and Drug Administration is currently limited to Epidiolex, an epilepsy treatment made by United Kingdom-based pharmaceutical manufacturer GW Pharmaceuticals. Rhode Island’s health department […]

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Canadian cannabis company starts US hemp firm, citing looser regulations

Noting hemp’s relaxed oversight compared to marijuana, a Canadian cannabis company has launched a new hemp company and signed a $500,000 CBD deal with a Kentucky hemp producer. Ascent Industries announced the creation of Thirty Eight Hemp Co. to produce CBD products for sale in the United States. Vancouver, British Columbia-based Ascent also inked a […]

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