Launching CBD products in the UK: Q&A with Deepak Anand, CEO of Materia Ventures
The UK market for cannabidiol products has piqued the interest of hemp cultivators and manufacturers based on its current demand and future prospects. Nearly one in 10 adults surveyed in the UK have tried CBD, and more than a quarter of those who have never used CBD products said... Read more
Mexico moves toward legal hemp, marijuana despite latest delay
It’s become a common theme in Mexico that deadlines to legalize hemp and marijuana come and go, but lawmakers had no control over the latest delay. As the coronavirus spread across the globe, lawmakers had to cancel further action in late March, missing an April 30 deadline Mexico’s supreme... Read more
Australian government unveils proposal for over-the-counter CBD
Australia has published a framework for new CBD regulations as it considers relaxing its narcotics scheduling of cannabidiol to make it available over the counter in limited doses. The Health Department proposal, revealed on Friday, could open a large new market in a nation with a thriving gray market for... Read more
CBD brand Elixinol names second new CEO in a month
International CBD brand Elixinol has appointed a former supplement-industry executive as its new global CEO – the Australian company’s second management reshuffle in less than a month. Oliver Horn formerly served as head of Swisse Wellness for Australia, New Zealand and North America. He takes over from Stratos Karousos... Read more
Lebanon legalizes low-THC medical cannabis production
The Lebanese parliament has approved a law that allows the cultivation of cannabis up to 1% THC for medical purposes. The proposed law, which isn’t yet final, would make Lebanon the first Arab nation to legalize cannabis in some form. Lebanon’s parliament approved the law amid demonstrations against “worsening economic and social... Read more
Brazil approves oral CBD product under new rules
(A version of this story first appeared on Marijuana Business Daily International.) Brazil’s health authorities have authorized a THC-free oral CBD product, an important milestone for the cannabis industry in Latin America’s largest economy. The oral solution registered to Brazilian pharmaceutical giant Prati-Donaduzzi is the first medical cannabis product authorized for sale in... Read more
Iceland amends narcotics regulation to allow hempseed imports
Farmers in Iceland will be allowed to import industrial hempseeds for the first time this year after the health minister gave regulators the power to grant exceptions to the Nordic island’s total ban on cannabis and cannabis products. Health Minister Svandís Svavarsdóttir brought forth an amendment that authorizes the... Read more
Hemp group pitches plant as an economic engine for Europe in post-pandemic era
A key industry group for farmers and processors in Europe wants EU policymakers to see industrial hemp as a potential catalyst for regenerating rural areas following the coronavirus economic downturn. In a manifesto released on Tuesday, the European Industrial Hemp Association said the crop could deliver long-term sustainable growth and... Read more
FDA sends warning letter to UK CBD company over coronavirus claims
The U.S. Food and Drug Administration has issued a warning letter to a CBD manufacturer based in the UK for making claims that its products could prevent or treat coronavirus infections. The letter was sent to London-based Nova Botanix LTD, which sells CBD products under the brand CanaBD, on... Read more
California company enters deal with Nicaraguan firm to buy farm for hemp grow
A California company that sells coffee to cruise lines and grocery stores says two of its subsidiaries have entered into an agreement with Nicaraguan cooperative to buy a farm for a hemp grow and processing facility. Youngevity International of Chula Vista announced Tuesday that CLR Roasters LLC and Khrysos... Read more
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