Hemp Industry News

FDA advisory panel gives thumbs-up to CBD epilepsy treatment

A CBD treatment for epilepsy is closer to becoming the first cannabis medicine approved for the U.S. market. A panel of government health advisers gave a unanimous recommendation Thursday to the U.S. Food and Drug Administration to approve Epidiolex, a CBD medicine for rare epilepsy conditions that don’t respond to other drugs. The panel voted […]

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Here’s how the FDA’s review of epilepsy drug could affect CBD companies

It’s shaping up to be a watershed summer for the cannabis industry with the U.S. Food and Drug Administration poised to approve the first drug made from the plant.

The agency’s impending decision on Epidiolex, an epilepsy treatment made of CBD extracted from cannabis flower, could upend decades of government insistence that the plant has no medicinal value.

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Impending ruling on epilepsy drug has CBD industry on alert

The most disruptive product to hit the newly legal hemp industry might be one that will never be sold directly to consumers. GW Pharmaceuticals, a London-based biotech company, is awaiting a final decision from the U.S. Food and Drug Administration to produce the first cannabis-derived treatment to win approval as legal medicine. The decision on […]

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FDA seeks public input on whether cannabis, CBD should be descheduled

As the cannabis plant awaits a high-stakes review from international health authorities, the U.S. Food and Drug Administration (FDA) is asking the public to weigh in on whether cannabis, CBD and other cannabis extracts should be declassified as a controlled substance.

The United Nations’ World Health Organization (WHO) made a preliminary announcement in December that CBD has a low potential for abuse and shouldn’t be scheduled as a controlled substance.

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MJBizDaily launches website dedicated to hemp coverage

As the hemp industry grows in the United States and around the globe, so too does Marijuana Business Daily’s coverage of it. We’ve launched a new website, Hemp Industry Daily, to provide objective and market-driven coverage of where the hemp sector  is headed and what business leaders and investors need to know to be successful. […]

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Organa Brands co-founder Ralph Morgan departs for new CBD venture

The co-founder of marijuana vape manufacturer Organa Brands is leaving to start a new company focused on hemp-derived wellness products. Ralph Morgan said he is still exploring a name and headquarters location for his new company, which will produce cannabidiol concentrates marketed to a medical audience, not recreational marijuana consumers. Morgan told Marijuana Business Daily […]

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Vermont hemp processor wins partial victory in crop dispute

A Vermont hemp processor accused of stealing a contract farmer’s hemp crop won’t be held personally liable for any missing profits. A civil judge dismissed the personal liability case against Vermont Hemp Co. CEO Joel Bedard, according to Heady Vermont, a website that covers the state’s cannabis industry. The lawsuit against the company will continue, […]

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McConnell calls for removal of industrial hemp from controlled substances list

The Senate’s top Republican says hemp shouldn’t be a controlled substance, and he plans to introduce a new bill to make the change. Republican Sen. Mitch McConnell made the announcement about the proposed change to federal hemp law Monday in his home state of Kentucky. “It’s now time to take the final step and make […]

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CBD raids spread to Alabama as officials seize gummies over THC concerns

Police seized boxes of CBD-infused gummy bears from an Alabama company that distributes products to convenience stores after receiving complaints the candies may contain THC. Authorities are testing several boxes of gummies taken Friday from American Wholesale Distributors, according to Birmingham TV station WBMA. A representative from the distribution company told WBMA the products contain only […]

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Chart: US hemp production soars in 2017

Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]

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New Zealand hemp industry taking off with new uses, more acres

A hemp education hub opening Saturday in New Zealand comes as the nation prepares for a big uptick in hemp growing because of new rules expanding how the plant can be used. According to the New Zealand Herald, the hemp innovation hub will offer consulting and education for interested hemp farmers. The owner of the […]

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Indiana approves CBD for all, ending months of retailer confusion

Indiana’s long-simmering CBD confusion ended with the state’s governor signing a law clarifying that all CBD products are legal as long as they come from hemp and contain low amounts of THC. The new law specifies that anyone can sell or possess CBD products containing less than 0.3% THC and derived from hemp. Gov. Eric Holcomb’s […]

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