(A version of this story appeared earlier on Marijuana Business Daily.) Hemp companies of all stripes – from growers to retailers – are likely to join other global industries feeling the fallout from the coronavirus outbreak. That’s largely because so much inexpensive cannabis hardware is made in China. It... Read more
A New York-based company that makes hemp-derived CBD supplements, drinks and cosmetics has secured $5 million from a European private equity firm in a cash-for-stock deal. Emerald Organic Products, which makes CBD products under the Pura Vida Vitamins label, on Tuesday announced the deal with Bedrock Group Holdings, a... Read more
The United Kingdom became a trailblazer in national CBD regulation earlier this month when its Food Standards Agency set a deadline for the industry to apply for EU safety evaluations as a “novel food,” and also provided consumption guidelines to consumers. The UK guidelines, which do not apply to... Read more
Georgia-Pacific, a giant in the paper-manufacturing industry, is partnering with a Canadian firm that uses hemp-based fibers for a variety of nonwoven products. Victoria, British Columbia-based Bast Fibre Technologies announced the agreement with Georgia-Pacific on Tuesday. BFT makes baby wipes and other personal-care fiber products. The company said the agreement... Read more
The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain. And this newest issue underscores the vulnerabilities in the global marketplace... Read more
British food regulators have given the CBD industry a little over a year to apply for safety evaluations in order to remain on shelves, a landmark advancement as many nations have yet to decide whether cannabidiol can be sold in food. The announcement by the United Kingdom’s Food Standards Agency... Read more
A German court has sentenced the operators of hemp retail shop Hanfbar to several months on probation for selling hemp tea. The judge ruled that the tea is banned by the Germany Narcotics Law, Braunschweiger Zeitung reported. Business partners Marcel Kaine and Bardia Hatefi will serve nine and seven months... Read more
Australian health authorities are considering a new scheduling status for CBD, potentially making it available over the counter in low doses as early as this year. The change could open a large new market in a nation with a thriving gray market for CBD but no legal access without... Read more
(This is an abridged version of a story that first appeared on Marijuana Business Daily International.) Pharmaceutical-grade CBD kits are now available to German pharmacists for personalized compound preparations. Cannamedical Pharma GMBH, a Cologne-based distributor of medical cannabis, now sells plant-derived CBD isolate kits to pharmacists who compound medicines... Read more
A European Union health agency is warning that eating hemp foods can cause elevated THC levels if ingested in high quantities, a troubling signal for hemp businesses in Europe and worldwide that are seeking assurances that hemp is safe to put in food and drink. The January report from... Read more
