(This story has been updated to correct the name of the ambassador speaking for the United States.) The United States says it does not support a World Health Organization proposal to remove CBD extracts with less than 0.2% THC from international drug control. U.S. Ambassador Jackie Wolcott, speaking Thursday... Read more
A delegate for the European Union didn’t say Thursday how EU countries would vote on proposed changes to the way cannabis including CBD is treated in global drug treaties. But Stephan Klement said during a Vienna meeting of the U.N. Commission on Narcotic Drugs (CND) that the EU supports... Read more
Costa Rican lawmakers have put forward a draft law to legalize the cultivation, production and sale of industrial hemp and medicinal marijuana. The proposal was published last month after it was approved by lawmakers on the Environment Commission of the Legislative Assembly, online news outlet El Mundo CR reported.... Read more
Italy’s Agriculture Ministry has included hemp flower for “extraction uses” on an official list of agricultural products for medicinal purposes. The change signals the possibility of increased market opportunities in Italy for growing hemp for cannabinoid extraction, despite uncertainty about how the plant is treated elsewhere in Europe. The... Read more
The Nasdaq stock exchange has moved to delist California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1, triggering removal from the exchange. Youngevity grows and sells commercial coffee in addition to hemp. It also has a third division focused... Read more
The Body Shop, an international producer and retailer of cosmetics, skin care and hair products based in the U.K., has launched three CBD skincare products for retail sales in the United States and the U.K. The collection launched on Sep. 22 in the U.K. and includes a face oil,... Read more
One of the latest Latin American countries to legalize low-THC cannabis, Ecuador, is looking to hemp grain as a cheaper alternative to corn for its large shrimp industry. Ecuador is South America’s leader in shrimp production and a big player on the world stage, but corn prices are high... Read more
A longer version of this story appears on Marijuana Business Daily International. A new prescription CBD product is available in Peru, another sign the market is moving in the right direction. Toronto-headquartered Khiron Life Sciences, a company with its main operations in Colombia, said it became the “first company... Read more
(This story appears in the September issue of Marijuana Business Magazine.) With the regulatory landscape for CBD in Europe growing more and more tenuous, some hemp producers are adamant that plant fiber offers a way to prop up the industry. One such business is HempFlax, Europe’s largest independent hemp... Read more
(This story appears in the September issue of Marijuana Business Magazine.) Hemp has captured the imaginations of entrepreneurs for a few years now, and while the United States is experiencing a CBD-craze, it’s easy to forget there’s a whole world of hemp out there. And, depending on the country, not all of... Read more
