A Canadian marijuana producer has announced it’s shifting to processing and extracting hemp biomass into CBD concentrates by signing a purchase agreement with a leading supplier of high-CBD industrial hemp. Calgary-based RMMI Corp. announced Tuesday it plans to buy 300,000 pounds of high-CBD hemp biomass from Clearwater CannaGrow Ltd.... Read more
South Africa has amended its drug law to allow some CBD products to be available over the counter, making a temporary rule on non-prescription CBD permanent. Certain CBD medicines and full-spectrum cannabis-derived products will no longer be subject to medical controls, according to a notice in the official gazette... Read more
A federal judge has entered an order of permanent injunction to stop a New York company from selling unapproved and misbranded drugs until it complies with the law. The order follows a complaint, filed by the U.S. Department of Justice on behalf of the Food and Drug Administration, following... Read more
Two similar federal lawsuits against PetSmart accuse the company of false and deceptive practices for selling hemp products for pets that are unapproved by the U.S. Food and Drug Administration. The lawsuits in federal court in Broward County, Florida, were filed on behalf of two individual customers, but seek... Read more
Neptune Wellness Solutions, a Laval, Quebec-based hemp processor and CBD manufacturer, has appointed a former Walmart executive to head up its Biodroga business unit and recently formed Health and Wellness Innovation Division as senior vice president. Robert DiPede brings a track record of more than 20 years driving business-to-consumer... Read more
Beleaguered multistate cannabis retailer Green Growth Brands’ sale and investment solicitation process (SISP) was approved by a Canadian court. Green Growth Brands is based in Columbus, Ohio, but court filings show its parent company is registered in Ontario. The company announced an initial creditor protection order from the Ontario... Read more
As the hemp industry becomes saturated with growers and processers looking to get an edge on the CBD consumer market, some in Italy’s hemp space are borrowing a concept from French wine to set themselves apart. The elusive concept of “terroir” broadly refers to the growing conditions that impart... Read more
Hemp pioneer Kentucky is reporting licensing fewer hemp growers and less growing acreage for 2020 as state agriculture officials warn prospective producers to “proceed with caution” after a “volatile” 2019. State agriculture officials in Kentucky on Friday released production data from the 2019 season and revealed the number of... Read more
A London-based cannabis investment company focused on investing in or buying companies operating in the CBD wellness and medicinal cannabis industries has made its first investment in the hemp and CBD space. World High Life Plc purchased Love Hemp Ltd., a London-based supplier of hemp-derived CBD products, with more... Read more
International cannabis giant Canopy Growth Corp. remains bullish on the U.S. CBD market, even as the company reported an eye-popping net loss of 1.3 billion Canadian dollars ($944 million) last quarter. Canopy told investors Friday that it would revamp its overall strategy after its Canadian recreational marijuana market share... Read more
