Toronto-based cannabis company Flora Growth Corp. says it has the United States, Germany and Mexico in mind as its closes a $30 million cash-and-stock acquisition of Miami-based JustCBD. The deal announced Monday includes $16 million in cash and an additional 9.5 million privately issued Flora common shares to the... Read more
A Texas court has dismissed a lawsuit accusing pharmaceutical CBD maker GW Pharmaceuticals of violating another company’s patented method of cannabidiol extraction for its epilepsy drug Epidiolex. The 2020 lawsuit from Canadian cannabis producer Canopy Growth alleged that GW, now part of Jazz Pharmaceuticals, knowingly used a Canopy-patented cannabis... Read more
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... Read more
These are curious days in Europe on the recreational cannabis question. On one hand, the stated intentions of both Portugal and Luxembourg to establish recreational markets as early as next year and certainly by 2023 has been on the drawing board for the past three years. On the other,... Read more
Oregon hemp manufacturer We CBD is the latest to accuse U.S. Customs and Border Protection of wrongly seizing legal hemp products. The company in Sandy, Oregon, says that CBP seized 3,328 pounds of hemp biomass on Nov. 8 in Charlotte, North Carolina. The hemp was destined for an unnamed buyer... Read more
Organigram, a Canadian marijuana company that recently partnered with a subsidiary of cigarette maker British American Tobacco to develop new products, is predicting increasing regulations coming to the CBD space. Organigram CEO Greg Engel says the regulatory landscape for CBD is soon to change. “We’re going to see tightening... Read more
CBD maker Elixinol Global has acquired German CBD brand CannaCare Health GmbH as it executes its strategy to pursue market opportunities in Europe. Elixinol said it is buying the company for 3 million euros in cash ($3.6 million) plus 6 million euros in Elixinol shares ($7.2 million). The deal... Read more
The largest-yet human CBD toxicological trial has been launched in Europe to check the effects of consuming trace amounts of THC. The European Industrial Hemp Association says it will assess 200 CBD users for a 30-day period. The association tells UK-based Cannabis Health News that the goal is to... Read more
Mexico’s Chamber of Deputies has approved a bill to allow regulated marijuana and hemp industries. But the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmakers in Mexico’s lower house voted largely in support of the bill, with 316 votes... Read more
No part of the global economy has escaped the COVID-19 pandemic, which has claimed more than 2.5 million lives around the world and sickened countless more. But few industries were in the kind of infancy the hemp industry was in when the World Health Organization declared the virus a... Read more
