Cronos Group, a Canadian vertically integrated marijuana company with international production and distribution, announced Friday it will buy four operating subsidiaries from Redwood Holding Group for $300 million. Based in Los Angeles, Redwood produces, markets and distributes hemp-derived CBD products, including skin care, bath items and gummies, throughout the... Read more

A Southern California marijuana company is teaming with a rural water projects developer to start growing hemp in the Mojave Desert. Glass House Farms of Carpinteria, California, says it has created a joint venture with water developer Cadiz Inc. to grow 60 acres of hemp starting next month in Cadiz,... Read more

Ohio Gov. Mike DeWine has signed into law a measure authorizing CBD sales and the commercial production of industrial hemp in the state. The law takes effect immediately and allows CBD to be sold outside dispensaries. Before, CBD was legal in Ohio but only in medical marijuana dispensaries. Highlights of... Read more

After federal regulators warned cannabis giant Curaleaf last week against making unsubstantiated medical claims for its CBD products, the company has taken action. The Massachusetts cannabis company removed its blog and deleted social media posts and articles on its website saying its products can be used to treat medical conditions... Read more

Cannabis investment company SOL Global Investments purchased additional common shares to raise its ownership in its CBD-focused wellness subsidiary HeavenlyRx to 44.53%. As part of a larger private offering, the Toronto-based international investment company announced Monday it spent an additional $18.1 million (23.9 million Canadian dollars) on HeavenlyRx. The... Read more