Hemp Industry News

Marijuana Business This Week: German medical cannabis contracts, CBD self-regulation, MMJ group’s bank account closed & more

Here are some notable stories and events to watch for in the coming days: MAKING IT OFFICIAL: Contracts between Germany’s Federal Institute for Drugs and Medical Devices and the three companies it tentatively selected to cultivate and distribute its medical cannabis could be formalized as early as Wednesday after a mandatory 10-day appeals process expires. […]

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Canadian cannabis wholesalers report CBD shortage, while imports lag far behind

Provincial wholesalers and medical patients in Canada report a shortfall of CBD products for the nonmedical and medical markets, and new data released to Marijuana Business Daily suggests imports aren’t enough to fill the gap. Cannabidiol in Canada can be sold to adults only via a provincially or territorially authorized cannabis retailer or directly by […]

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Marijuana Business This Week: Nevada license hearing, hemp lending guidance, SC mulls medical cannabis & more

Here are some notable stories and events to watch for in the coming days: ASCENT LICENSE HEARING: Representatives of Canadian cannabis company Ascent Industries Corp. are scheduled to appear Wednesday before the Clark County Department of Business License to argue why its permits in Nevada should not be permanently suspended, revoked or non-renewed. Sweet Cannabis, […]

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Multistate cannabis operator Vertical closes $58 million Series A funding round

Los Angeles-based Vertical Companies – a vertically integrated multistate cannabis firm – closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. The company originally targeted a $20 million funding but boosted that to $35 million in late 2018 because of investor demand. The $35 million […]

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Walgreens joins CVS in sales of CBD topical products

The Walgreens pharmacy chain will sell CBD-infused creams, sprays and transdermal patches in 1,500 stores across nine states, but the company declined to identify the brands it plans to carry, CNBC reported. The move comes hot on the heels of an announcement last week that rival pharmacy chain CVS had kicked off sales in eight […]

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BlackRock discloses $11M investment in medical marijuana firm Curaleaf

BlackRock, one of the world’s largest money managers, disclosed in regulatory filings that its funds have an $11 million stake in Curaleaf Holdings, a Massachusetts-based medical cannabis company. While the investment is tiny for BlackRock, which has nearly $6 trillion of assets under management, the stake is one of the first publicly disclosed investments by a […]

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Despite risks, marijuana firms that make or distribute CBD products use e-commerce to build multistate brands

When President Donald Trump penned hemp legalization into law late last year via the Farm Bill, hemp companies obviously cheered. But marijuana entrepreneurs also took careful note, because that landmark decision could offer fresh business opportunities to diversify into a plant now legal under federal law. A growing number of marijuana businesses – and hemp-only […]

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