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Hemp banking protections pass US House as part of landmark cannabis bill

House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]

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CBD drug Epidiolex approved for use in Europe, GW Pharmaceuticals says

The only federally approved CBD product in the U.S. has been OK’d by European authorities for use there. The European Commission granted marketing authorization to Epidyolex, the trade name in Europe for Epidiolex, GW Pharmaceuticals announced Monday. In June 2018, the U.S. Food and Drug Administration approved Epidiolex for the treatment of seizures associated with two rare kinds […]

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Ecuador considers hemp changes amid broader cannabis review

Ecuador may change its laws around hemp as part of a broader overhaul of how the South American country treats medical cannabis. Last week, Ecuador’s Congress approved a major reform of the Organic Integral Criminal Code. Ecuador is one of the few South American countries that still has not legalized hemp nor medical cannabis. If given […]

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Sources: USDA hemp rules drafted and awaiting White House approval

Federal agriculture authorities have submitted hemp rules to the White House for final approval, meaning that public release of the first-ever national rules for growing the crop is nearing, Hemp Industry Daily has learned. The hemp industry is eagerly – and anxiously – awaiting federal regulations on hemp production from the U.S. Department of Agriculture […]

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Four takeaways from the latest round of federal CBD warning letters

The young CBD industry is growing accustomed to federal health authorities warning companies not to make medical claims about the cannabinoid. But a round of warning letters this week from the U.S. Federal Trade Commission (FTC) – the consumer-protection agency that safeguards against unfair and deceptive advertising – served as a reminder that as CBD goes […]

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