Toronto-based cannabis company Flora Growth Corp. says it has the United States, Germany and Mexico in mind as its closes a $30 million cash-and-stock acquisition of Miami-based JustCBD. The deal announced Monday includes $16 million in cash and an additional 9.5 million privately issued Flora common shares to the... Read more
Lawmakers in Washington state are considering a last-minute ban on intoxicating hemp-derived products such as delta-8 THC. According to The Associated Press, the recently introduced bill was spurred by the booming hemp industry. Many businesses have turned to Washington state’s hemp industry for cheaper biomass in order to produce... Read more
Two executives from New York hemp firm CanaFarma Hemp Products Corp. are accused of stealing at least $4 million from the company in the latest legal challenge to face the embattled CBD manufacturer. A federal lawsuit filed last week accuses CanaFarma executives Vitaly Fargesen and Igor Palatnik of lying... Read more
A Texas court has dismissed a lawsuit accusing pharmaceutical CBD maker GW Pharmaceuticals of violating another company’s patented method of cannabidiol extraction for its epilepsy drug Epidiolex. The 2020 lawsuit from Canadian cannabis producer Canopy Growth alleged that GW, now part of Jazz Pharmaceuticals, knowingly used a Canopy-patented cannabis... Read more
Buying a point-of-sale system for a cannabis store is no small endeavor. Many factors come into play. But the decision-making process can be made easier by following some general guidelines. A cannabis retailer should choose a POS system with features that support their business model, operations and brand, according... Read more
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the cannabis industry. David Durkee is vice president of new ventures for Quicksilver Scientific, a manufacturer of premium nutraceuticals and delivery technologies based in Louisville, Colorado. This column first appeared at MJBizDaily.) Cannabis... Read more
Fresh off its first survey of the American hemp industry, the U.S. Department of Agriculture is proposing a deeper analysis of the sector through another survey in partnership with the University of Kentucky. The USDA recently gave notice that it plans to survey roughly 20,000 hemp producers to find... Read more
A blockchain startup in Utah and an Indigenous-owned company in Alberta, Canada, are collaborating to use hemp to remove carbon from the atmosphere and compete for a $100 million prize from Tesla CEO Elon Musk. The proposal from The Hemp Blockchain Inc. and the FFES Environmental, a company owned... Read more
California marijuana operator Moxie is suing the billionaire family backing insolvent Green Growth Brands, claiming fraud in connection with a $310 million merger deal in 2019 that was scrapped. Moxie, as MXY Holdings, filed the suit this week in Delaware’s Chancery Court against the Ohio-based marijuana and CBD company’s... Read more
A suburban Atlanta county is wrongly seizing hemp-derived THC products and scaring businesses away from legal products, according to an Atlanta law firm that is suing to stop the practice. The lawsuit asks a state court to block seizures or arrests in Gwinnett County, where a district attorney recently... Read more
