Virginia named its first five CBD-only medical cannabis business licensees – three of them multistate operators. Virginia’s Board of Pharmacy reviewed 51 applicants to produce CBD products in five areas of the state. The winning applicants are called “pharmaceutical processors” and must grow, process and sell the products at one location,... Read more
(This is an abridged version of a column that appears in the September issue of Marijuana Business Magazine.) Hemp is in an economic fast lane, with new ventures starting every day. So, it may seem odd to say modern entrepreneurs should consider 19th century railroads. But those railroad magnates faced... Read more
A Colorado-based grocer backed by national chain Kroger has removed CBD products from one of its stores in Wyoming after warnings from police. Lucky’s Market – a Boulder, Colorado, company that partners with Cincinnati-based Kroger – and Jackson Whole Grocer & Cafe took the CBD off their shelves in... Read more
Isodiol International is seeking to boost its footprint in the CBD athletics space by partnering with a professional track-and-field training school that counts former Olympians among its clients. Here are the basics surrounding the partnership: Isodiol is paying the Altis training school $225,000 to establish a “living lab” and market... Read more
London-based GW Pharmaceuticals announced it will charge $32,500 a year for its new epilepsy drug, Epidiolex. While that price tag seems high, CEO Justin Gover told The Wall Street Journal that the price is in line with other brand-name epilepsy medications. Epidiolex, the first cannabis medicine to win approval from... Read more
A North Carolina hemp producer’s renovation of a former factory for CBD extraction sets it up for roughly $238,500 in tax incentives over the next four years. City of Wilson officials are lauding Criticality’s retrofitting for CBD production as an innovative new use for the building, The Wilson Times reported.... Read more
Canadian hemp farmers will be allowed to harvest the entire plant – including flower – before the Cannabis Act takes effect in October. A new exemption issued by Health Canada last week allows farmers to harvest and store previously disallowed parts of the plant, but they won’t be able... Read more
Canadian cannabis grower The Green Organic Dutchman has agreed to buy a Polish hemp company for $15.5 million. Green Organic Dutchman (TGOD) will pay $7.75 million in cash and the rest in stocks for 100% of HemPoland, a privately held company based in Elblag, Poland. The deal brings TGOD the... Read more
CBD processing and sales are still legal in Michigan, but now they must be conducted within the revised, regulated medical marijuana market – at a cost many producers see as too high. Rick Thompson, a board member at the Michigan affiliate of the National Organization for the Reform of... Read more
(This story has been updated from an earlier version.) A tantalizing innovation in the CBD market has turned into a nasty contract dispute that spans the globe. Bomi Joseph, a California plant breeder, is suing CBD Naturals, a company that has been associated with Canadian CBD manufacturer Isodi. Isodiol... Read more
