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
Hemp and CBD leaders told Hemp Industry Daily what they hope to see in the FDA’s Enforcement Policy draft guidance, when the industry will likely get to see that document and what will happen to the industry if FDA regulatory guidance on CBD doesn’t come soon. (Click on the... Read more
Khiron Life Sciences, a vertically intergrated Colombian cannabis company, has signed a deal to sell its CBD skincare products in the Hong Kong region later this year. Khiron signed the distribution agreement for its Kuida CBD skincare line with DNO Group, an Asia-Pacific distributor with a network of more... Read more
Federal agriculture officials have approved hemp production plans last week for one additional state and one American Indian Tribe. The U.S. Department of Agriculture gave the green light to plans from the state of Maryland and the Lower Sioux Indian Community in Minnesota. The two new approved plans bring... Read more
(This story first appeared on Marijuana Business Daily International.) United Kingdom-based GW Pharmaceuticals posted marginal revenue growth in the second quarter over the previous quarter, citing challenges stemming from the COVID-19 pandemic. GW reported revenue of $121.3 million for the quarter ended June 30 – about the same as the previous... Read more
In NCIA’s monthly video series, NCIA Today, host Bethany Moore shares a retrospective on the month of July, plus what to expect from NCIA’s digital events this fall. We also check in with NCIA’s Director of Government Relations, Michael Correia, to hear more about NCIA’s efforts to advance the cannabis... Read more
CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19. The aggregate price of hemp CBD biomass dropped by 79% from April... Read more
