A Nevada hemp and marijuana breeder is looking for Chapter 11 bankruptcy protection, telling a federal court that COVID-19 shutdowns in Europe left the company unable to pay its debts. Pharmagreen Biotech in Carson City breeds cannabis clones – sometimes called liners, plantlets or young plants – for sale... Read more
A Massachusetts federal judge ruled that another lawsuit against a CBD maker alleging incorrect labeling will be delayed, “pending forthcoming FDA regulations on the products at issue.” Judge Allison D. Burroughs issued the ruling Tuesday, saying she was granting the defendant, Global Widget, a request to stay the case.... Read more
Neptune Wellness Solutions, a Laval, Quebec-based CBD extractor and manufacturer, reported revenue of $16 million (CAD $21.4 million) for the fiscal quarter ended June 30, up 390% from the same period a year ago. But the company, which grows marijuana in Canada and hemp in North Carolina, reported a... Read more
CBD may have strong benefits – but does it need help from other cannabinoids? The question is one of the hottest topics in cannabis as extractors see the markets shifting for different kinds of extracts. Beauty retailing behemoth Sephora announced earlier this year that it would stock only full-... Read more
by David Fettner, Managing Partner at Grow America Builders In late January 2020, Grow America Builders started construction on a new medical cannabis dispensary in Elizabeth, New Jersey, just across the river from Manhattan. It was scheduled to be a 12-week project. And then COVID-19 happened. Every construction project... Read more
Two Canadian marijuana companies have made processing and distribution agreements with CBD businesses, including one in the U.S. WeedMD Inc., a producer and distributor of medical marijuana in Ontario, said Tuesday it signed a commercial arrangement to manufacture, package and ship Revity CBD, a product line from Canadian retailer... Read more
A cloud of uncertainty has settled over Europe’s CBD industry after the European Union’s executive body said it had taken the preliminary view that cannabidiol extracted from cannabis flowers should be considered a narcotic. With a potential blanket ban on CBD in food looming on the horizon, the impact... Read more
Sponsored blog post By Manuel Cuaron, OG Cannabis Insurance Our agency decided to enter the world of cannabis insurance in August of 2016. We made this decision partly because we saw the financial potential of the industry but mainly because we wanted to contribute our talents and services as... Read more
Hemp farmers are seeing an ally in U.S. Sen. Chuck Schumer, a Democrat from New York and the U.S. Senate Minority Leader, who is pushing federal agriculture officials to delay enforcing new hemp production rules until 2022. Schumer asked the U.S. Department of Agriculture on Friday to delay issuing... Read more
Uruguay is making it easier to export marijuana and hemp by eliminating the requirement that plants be registered first as medicine. But the change signed by President Lacalle Pou applies only to crops grown from 2018 to this year. Deputy Secretary of the Presidency Rodrigo Ferrés announced the actions... Read more
