International News

Canadian acquisition underscores CBD’s potential in Europe

A Canadian marijuana producer cited hemp and CBD’s potential in Europe as it announced plans to acquire a smaller Canadian company with a CBD subsidiary in the Netherlands. The announcement Wednesday that Toronto-based Supreme Cannabis plans to acquire Truverra underscores the interest in accessing European markets. Supreme valued the acquisition at roughly $20 million. Supreme […]

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Pictures, please! Hemp group wants more evidence to fight European CBD limit

European hemp producers and manufacturers are getting renewed pleas to help fight the European Union on how it treats CBD and other extracts. The European Industrial Hemp Association (EIHA) sent an alert this week to roughly 300 members urging the EU to change its Common Agricultural Policy, which governs food rules, according to Hemp Today. The […]

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Demetrix raises $50 million to research synthetic cannabinoid production

California-based Demetrix secured $50 million in a Series A funding, which the company will use for research of synthetic cannabinoid production. The Emeryville company wants to use baker’s yeast to produce large volumes of cannabinoids. More than 100 of cannabinoids can be found in the cannabis plant, sometimes in trace amounts. The company did not […]

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European regulators, activists join calls for CBD oversight

Europe’s booming CBD market needs better regulation and safety protocols, according to two reports out this week from both government regulators and nonprofit activists. First, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA), an agency of the European Union, said there is an “urgent need” to get a handle on the potency of CBD […]

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To address lack of regulatory standards, NGOs test CBD products in Europe

The CBD market in Europe faces a challenge that would look familiar to many U.S. producers: Its popularity is on the rise, despite lack of clear rules and industrywide standards. For consumers, this means legitimate products can often be found right next to others with significantly less CBD than advertised or with potentially harmful contaminants. This is especially […]

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Colombian medical marijuana producer approved to export topical CBD products

Blueberries Medical, a Bogota, Colombia-based medical cannabis producer, has been cleared to produce and export CBD products from Colombian food and drug surveillance regulator Instituto Nacional de Vigilancia de Medicamentos y Alimentos (INVIMA). The five-product suite is Blueberries’ initial entry in the CBD market and includes creams, lip balm and shampoo. The company plans to […]

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Canadian CBD firm expands in Europe with Polish hemp grower

A Canadian company focused on CBD extraction in Europe has bought a Polish hemp grower. StillCanna acquired Olimax, which grows about 3,700 acres (1,500 hectares) of hemp, in a deal valued at more than 25 million Canadian dollars ($18.6 million). The cash-and-stock deal includes a cash payment of $2 million, plus 24 million common shares […]

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Europe’s hemp definition, ‘novel foods’ designation cloud region’s potentially booming CBD market

European hemp producers and manufacturers are struggling to capitalize on the global CBD boom and compete with U.S. manufacturers as they navigate the continent’s thorny regulations – but they’re optimistic that upcoming changes will open new CBD opportunities. The hemp and CBD industry wants the European Union to change its Common Agricultural Policy, which governs food […]

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