The U.S. Food and Drug Administration noted that cannabidiol shouldn’t be a controlled substance, but international treaties require the United States to treat it as one. That revelation from the federal agency appeared in a 27-page memo written after it approved the first drug made with CBD earlier this year. “CBD has negligible potential for abuse,” wrote Dr. Brett […]Read More
The law that ushered in the modern hemp industry in the United States has expired, but hemp growers, processors and retailers are counting on legal assurances that the nation’s experiment in allowing limited hemp production won’t immediately end.
The 2014 Farm Bill, which authorized hemp production under state research programs, expired Sunday – the last day of the federal fiscal year.Read More
The U.S. Drug Enforcement Administration has taken some cannabidiol off the most restrictive class of controlled substances, a move that allows the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval.
The agency announced Thursday that drugs including “finished dosage formulations” of CBD with THC below 0.1% will be considered Schedule 5 drugs, as long as the medications have been approved by the U.S. Food and Drug Administration.Read More
Hemp is in an economic fast lane, with new ventures starting every day.
So, it may seem odd to say modern entrepreneurs should consider 19th century railroads.Read More
Entrepreneurs hoping for a long-awaited hemp expansion from Congress are nervously watching as the end-of-the-month deadline nears. Hemp farmers hoped to see quick action on the 2018 Farm Bill, including a provision to take hemp off the Controlled Substances Act that was included in the Senate version. Here’s what you need to know: The current […]Read More
Two companies are in a legal tussle over what destroyed a 600-acre hemp farming joint venture in Colorado – a conflict that industry experts say could be the first of many as eager investors and firms try to cash in on budding business opportunities. In a recent California Superior Court filing, California-based H2 Partners claims that […]Read More
Hemp farmers nationwide are preparing for harvest, but they’re also keeping a close eye on Washington DC. Here are some reasons why: Congress is beginning final negotiations on the 2018 Farm Bill, which could either remove hemp from the Controlled Substances Act or revive a prohibition on growing it. It’s up to 56 lawmakers who […]Read More
(This is an abridged version of a column that appears in the July issue of Marijuana Business Magazine.) Not all hemp misinformation comes from anti-drug enemies of cannabis; some of it comes from hemp acolytes themselves. A recent comment from hemp’s most powerful friend in Congress, Senate Majority Leader Mitch McConnell, drove home for me a […]Read More
Ohio health officials have declared that over-the-counter CBD sales in the state are illegal, despite the products’ widespread availability in grocery and health stores. The Ohio Board of Pharmacy said that CBD is legal only from state-licensed medical marijuana dispensaries, though none has opened yet, according to The (Cleveland) Plain Dealer. The CBD ruling came […]Read More
The founder of a Maine-based CBD company will pay more than $390,000 to settle charges by the U.S. Securities and Exchange Commission that he advertised sales of unregistered securities on Craigslist. The SEC complaint alleges that, beginning in 2014, Richard Greenlaw of Kittery, Maine, raised approximately $500,000 from at least 59 investors by offering securities […]Read More
Illinois is no longer one of the nation’s largest hemp holdouts after Gov. Bruce Rauner signed a law to allow immediate commercial production, citing activity in nearby states. The new law contains some of the nation’s strongest language protecting farmers’ ability to make money growing hemp. Farmers can submit a hemp research plan if federal law […]Read More
A tantalizing innovation in the CBD market has turned into a nasty contract dispute that spans the globe.
Bomi Joseph, a California plant breeder, is suing CBD Naturals, a company that has been associated with Canadian CBD manufacturer Isodi. Isodiol once held distribution rights to Joseph’s self-proclaimed innovation – a cannabidiol product derived from a hops variantRead More
- May 17, 2019May 16, 2019May 15, 2019
- May 10, 2019May 10, 2019
- April 29, 2019April 24, 2019April 23, 2019