Demetrix raises $50 million to research synthetic cannabinoid production
California-based Demetrix secured $50 million in a Series A funding, which the company will use for research of synthetic cannabinoid production. The Emeryville company wants to use baker’s yeast to produce large volumes of cannabinoids. More than 100 of cannabinoids can be found in the cannabis plant, sometimes in... Read more
European regulators, activists join calls for CBD oversight
Europe’s booming CBD market needs better regulation and safety protocols, according to two reports out this week from both government regulators and nonprofit activists. First, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA), an agency of the European Union, said there is an “urgent need” to get a... Read more
E-commerce platform for CBD-infused products in the works in Asia
(This is an abridged version of a story that appears on the Marijuana Business Daily International website.) A company backed by U.K. billionaire Jim Mellon and Lorne Abony, co-founder of global cannabis concern Nuuvera, plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products.The pair... Read more
To address lack of regulatory standards, NGOs test CBD products in Europe
The CBD market in Europe faces a challenge that would look familiar to many U.S. producers: popularity is on the rise, despite lack of clear rules and industry-wide standards. For consumers, this means that legitimate products can often be found right next to others with significantly less CBD than advertised or with... Read more
London skin-care firm is newest hemp play by Canadian marijuana producer
A London skin-care company is the latest acquisition for Canada’s Canopy Growth, a marijuana producer that is deploying capital around the globe to gain traction for its hemp-derived CBD products. Canopy announced Wednesday it spent 43 million pounds ($54 million) to purchase This Works, which makes skin-care products and a sleep-aid... Read more
HemPoland gains access to German CBD market through distribution agreement
European CBD producer HemPoland signed a distribution agreement with pharmaceutical distributor Mediakos to enter the German CBD market. Through the agreement, HemPoland’s CannabiGold products will be available in pharmacies across Germany as well as on their respective e-commerce platforms. HemPoland is a subsidiary of Toronto-based The Green Organic Dutchman (TGOD). “With a... Read more
Italy’s interior minister declares war on hemp products
In a move seen as more bluster than substance, an Italian official vowed to close all “cannabis light” – defined as cannabis with THC levels below 0.2% – shops in the country. “A war starts today, street by street, shop by shop, district by district, city by city,” Italy’s... Read more
Colombian medical marijuana producer approved to export topical CBD products
Blueberries Medical, a Bogota, Colombia-based medical cannabis producer, has been cleared to produce and export CBD products from Colombian food and drug surveillance regulator Instituto Nacional de Vigilancia de Medicamentos y Alimentos (INVIMA). The five-product suite is Blueberries’ initial entry in the CBD market and includes creams, lip balm... Read more
Canadian CBD firm expands in Europe with Polish hemp grower
A Canadian company focused on CBD extraction in Europe has bought a Polish hemp grower. StillCanna acquired Olimax, which grows about 3,700 acres (1,500 hectares) of hemp, in a deal valued at more than 25 million Canadian dollars ($18.6 million). The cash-and-stock deal includes a cash payment of $2... Read more
Europe’s hemp definition, ‘novel foods’ designation cloud region’s potentially booming CBD market
European hemp producers and manufacturers are struggling to capitalize on the global CBD boom and compete with U.S. manufacturers as they navigate the continent’s thorny regulations – but they’re optimistic that upcoming changes will open new CBD opportunities. The hemp and CBD industry wants the European Union to change... Read more

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