Cronos Group, a Toronto-based marijuana company, predicts CBD customers in the United States will be the “largest contributor” to its sales over the next couple of years. But company executives cautioned investors that it’s “too early to speculate” on how big the European market for CBD will become. The... Read more
(This is an abridged version of a story that appears on the Marijuana Business Daily International website.) The first CBD products exported from Colombia to the United Kingdom soon will be available for sale in the U.K. and other European Union countries, Bogota-based Clever Leaves announced. The health-related products, which were exported as a... Read more
(Photo courtesy of Hempen) The case of Hempen, the United Kingdom’s not-for-profit farming cooperative, illustrates the extra hurdles British hemp farmers face in not being able to use the flower, the most valuable part of their crop. Based in Oxfordshire, Hempen had been growing hemp since 2015. And, until... Read more
A Canadian marijuana producer cited hemp and CBD’s potential in Europe as it announced plans to acquire a smaller Canadian company with a CBD subsidiary in the Netherlands. The announcement Wednesday that Toronto-based Supreme Cannabis plans to acquire Truverra underscores the interest in accessing European markets. Supreme valued the... Read more
European hemp producers and manufacturers are getting renewed pleas to help fight the European Union on how it treats CBD and other extracts. The European Industrial Hemp Association (EIHA) sent an alert this week to roughly 300 members urging the EU to change its Common Agricultural Policy, which governs food... Read more
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
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
(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
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
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
