A global giant in generic drugs manufacturing is expanding into the CBD market through a new partnership with Colorado CBD manufacturer Kazmira LLC. Perrigo Co., based in Dublin, Ireland, has invested $50 million for a 20% equity stake in Kazmira, located just east of Denver in Watkins, Colorado. The... Read more
(This story has been updated to reflect that Pyxus trades on the Nasdaq.) The first Big Tobacco company to join the hemp and marijuana industries has filed for bankruptcy protection. Pyxus International, one of the world’s largest tobacco suppliers, was hard hit by declining tobacco consumption and coronavirus-sparked supply... Read more
A group of hemp growers and processors in New York is calling on the state Department of Health to release regulations so that hemp and CBD businesses can make business decisions. According to a letter from the New York Cannabis Growers and Processors Association to state health regulators, legislation... Read more
Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head... Read more
by NCIA’s Scientific Advisory Committee From Indica/Sativa to Hybridization Cannabis is thought to have originally been domesticated in the mountainous regions of Central Asia. As humans started exploring the world, they brought the plant with them, and the plant needed to adapt to the different climates in order to... Read more
by Barry Saik, Chief Executive Officer of Greenbits Big changes are coming to the cannabis industry. At least, that is the outlook shared by cannabis experts and lawmakers across the political spectrum. Even people who oppose federal-level legalization have to admit that the current status quo is unlikely to... Read more
A meeting is scheduled for next week to discuss World Health Organization recommendations on marijuana, CBD and related substances. The recommendations include removing CBD and CBD preparations containing no more than 0.2% THC from the international drug-control conventions. The WHO’s CBD recommendation, if ultimately adopted, could lead to freer... Read more
The main hemp industry body in Europe has received a green light from its members to move forward with “unprecedented” studies on cannabidiol and THC as part of a joint novel food authorization application. An “overwhelming majority” of European Industrial Hemp Association members voted on Monday in favor of... Read more
(This is the second installment of a two-part story on the prospects for hemp-derived construction materials in the post-coronavirus era. The first part can be read here.) HempFlax’s acquisition of Germany’s natural fiber insulation manufacturer Thermo Natur last month provided an example of how an established hemp growing and... Read more
A Laotian agriculture company is taking an Australian hemp grower to arbitration after it withdrew from a joint CBD hemp project when the COVID-19 pandemic forced the closure of borders around the world. Sun Agriculture Promotion Industry and Commercial Co. filed an arbitration claim for $6.1 million with the... Read more
