Federal class action securities lawsuits against publicly traded hemp and marijuana businesses doubled from 2018 to 2019, a trend that’s typical in an emerging industry, according to a new report. The report, by Boston law firm Goodwin Procter, detailed 13 cases filed in U.S. federal courts in 2019 compared... Read more
California-based Omura, a marijuana and hemp flower vaporizer company, raised $5 million, with a portion of the funding coming from Bruce Linton, former CEO and founder of Canada’s Canopy Growth Corp. The raise, while not major by cannabis industry standards, is significant during the global coronavirus pandemic when investments... Read more
Fresh funds approved last week by Congress will replenish the Small Business Administration’s Payment Protection Program with another $310 billion, plus $60 billion for emergency loans on Monday. But there is doubt that even this newest round of stimulus funding to help small businesses through the disruption caused by... Read more
The U.S. Food and Drug Administration warned two companies to stop illegally marketing CBD products with claims that it can treat opioid addiction and other medical conditions. The warning letters were sent Thursday to: BIOTA Biosciences, LLC, of Washington state Homero Corp., doing business as Nature’s CBD Oil Distribution of New... Read more
The UK market for cannabidiol products has piqued the interest of hemp cultivators and manufacturers based on its current demand and future prospects. Nearly one in 10 adults surveyed in the UK have tried CBD, and more than a quarter of those who have never used CBD products said... Read more
Farmers and hemp businesses are eligible for another round of emergency loans with the enactment Friday of more federal funding aimed at keeping small businesses afloat. The latest stimulus package, worth some $484 billion and signed by President Donald Trump, is aimed at replenishing a depleted fund to help... Read more
Hemp companies that are publicly traded and received emergency small-business loans may have to repay those funds under new guidance from the U.S. Treasury Department. When the first round of economic stimulus funding under the CARES Act ran dry last week, publicly traded companies that received loans began to... Read more
It’s become a common theme in Mexico that deadlines to legalize hemp and marijuana come and go, but lawmakers had no control over the latest delay. As the coronavirus spread across the globe, lawmakers had to cancel further action in late March, missing an April 30 deadline Mexico’s supreme... Read more
A Canada-based CBD manufacturer has entered an exclusive partnership with wildlife conservationist Jane Goodall to co-develop natural health and wellness products that will help support environmental conservation and reforestation initiatives. Neptune Wellness Solutions Inc., headquartered in Laval, Quebec, will work with Goodall to develop plant-based hand sanitizers, essential oils... Read more
Australia has published a framework for new CBD regulations as it considers relaxing its narcotics scheduling of cannabidiol to make it available over the counter in limited doses. The Health Department proposal, revealed on Friday, could open a large new market in a nation with a thriving gray market for... Read more
