Hemp farmers in Canada say overproduction is depressing prices for seeds. The Canadian Hemp Trade Alliance told the Commodity News Service that Canadian seed prices have fallen from about 75 Canadian cents (58 cents) a pound last year to 55 Canadian cents a pound this year. Canada remains the world’s biggest hempseed producer, devoting about […]
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Canada releases rules for cannabis packaging, ‘micro-cultivation’
When recreational marijuana hits store shelves in Canada later this summer, it will be sold in “plain packaging” that contains only a standardized cannabis symbol and one of 14 health warning messages, according to an updated set of proposals released Monday. The recommendations were part of a Health Canada report summarizing feedback from 3,200 people on […]
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Flower power: Canada’s new hemp rules boost CBD production, but limits remain
Canada’s hemp market is about to skyrocket under new regulations that allow the nation’s farmers to use the plant’s flower for cannabidiol extraction. The proposal has farmers and cannabis companies scrambling to capitalize on the change. “This changes everything,” said Jenn Larry, president of CBD Strategy Group, a Montreal-based consulting firm for cannabis companies. “We’ve been growing hemp […]
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Canada awaits hemp boom, with companies pivoting to capitalize on CBD
Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the government will soon dramatically expand how the nation’s 120,000 acres of hemp can be used.
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Utah tech startup, Canadian tribe partner for $100 million carbon contest from Elon Musk
A blockchain startup in Utah and an Indigenous-owned company in Alberta, Canada, are collaborating to use hemp to remove carbon from the atmosphere and compete for a $100 million prize from Tesla CEO Elon Musk. The proposal from The Hemp Blockchain Inc. and the FFES Environmental, a company owned by the Sucker Creek First Nation […]
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Jones Soda buys Canadian firm, raises $11M in step toward CBD drinks
Craft soda maker Jones Soda acquired a Canadian shell company and raised $11 million in concurrent financing as part of a move to develop cannabis-infused products.
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Australia’s Creso Pharma makes $21 million CBD acquisition to enter US markets
Australian marijuana producer Creso Pharma Ltd. is the latest global marijuana producer that is making its entry into the United States via a CBD maker.
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Tilray, Budweiser maker AB InBev end cannabis beverage partnership
The world’s leading brewer, AB InBev, and Canada’s leading cannabis producer by market share, Tilray, have ended their partnership making CBD- and THC-infused beverages.
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Organigram ups investment in cannabinoid firm Hyasynth by CA$2.5 million
Canadian cannabis producer Organigram increased its investment in cannabinoid biosynthesis company Hyasynth Biologicals by $2.5 million.
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Inflation: The latest pressure on a squeezed hemp and CBD industry
The business story of the holiday season – record-breaking inflation caused by supply-chain pressure – has hit the cannabis industry especially hard.
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Colorado CBD firm to sell 80% of business to Canadian cannabis retailer
A version of this story first appeared at MJBizDaily. Canadian cannabis retail, CBD and accessory company High Tide announced a deal to acquire 80% of Denver-based CBD wellness product producer and distributor NuLeaf Naturals. High Tide also has an option to acquire the remaining 20% of the Colorado company. The agreement announced Monday is worth […]
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Curaleaf is latest CBD maker to ink deal with national alcohol distributor
Massachusetts’ Curaleaf Holdings announced Tuesday that it has signed a national distribution agreement for its CBD products with the world’s largest distributor of beverage alcohol, Southern Glazer’s Wine & Spirits.
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