Photo courtesy HempFlax This is the first of a two-part series on the prospects for hemp-derived construction materials in the post-Covid-19 era. Europe’s largest independent hemp grower and processor doubled down on the crop’s potential in the EU construction sector last month when it bought an insulation manufacturer in... Read more
NBA Hall of Famer Isiah Thomas was installed as CEO of One World Pharma, a U.S.-based company that grows hemp and marijuana in Colombia. Thomas, who played 13 seasons for the NBA’s Detroit Pistons, is replacing CEO Craig Ellins, who founded the company and is retiring. The company said Thomas... Read more
A Canadian company that makes natural nonwoven fibers says it has raised $3.3 million, mostly from angel investors, to help finish developing a proprietary processing plant in Europe. Victoria, British Columbia-based Bast Fibre Technologies made the announcement this week, saying the investors are buying common shares and will get... Read more
Canadian CBD company NewLeaf Brands Inc. is changing its name to Mydecine Innovations Group Inc. to reflect its focus on developing strains of psychedelic mushrooms. The Vancouver, British Columbia-based company will now be called Mydecine Innovations Group Inc. and its ticker on the Canadian Stock Exchange is changing from NLB to... Read more
The market for exporting hemp from Colombia to the rest of the world is getting off the ground and Manuel Baselga sees a bright future for the commodity in his country. Baselga is co-founder and board member of Savanna Ventures, a venture capital firm investing in cannabis companies internationally,... Read more
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
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
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
The U.N. body that decides drug policy has a plan for moving forward with a landmark vote in December on whether to revise the inclusion of cannabis and cannabis-related substances in two international narcotics conventions. The roadmap from the U.N. Commission on Narcotic Drugs (CND) for holding the vote... Read more
