Hemp Industry News


List of cannabis events hit by coronavirus

From South by Southwest in Austin, Texas, to Spannabis in Spain, at least 15 conferences with ties to the cannabis industry have been postponed, canceled or rescheduled amid the coronavirus pandemic. Here is a list – which will be updated – and links to some of the events impacted so far by the coronavirus: American […]

Read More

Week in Review: Medical marijuana deemed ‘essential,’ MJ shops see brisk sales amid coronavirus crisis but deal with related business challenges & more

States and local municipalities are increasingly declaring that medical marijuana businesses are “essential” operations and can keep their doors open during the coronavirus health crisis. MJBizDaily takeaway: Industry watchers note that as government officials in more areas of the country place MMJ dispensaries in the same category as other essential businesses such as pharmacies, this marks […]

Read More

MJBizDaily postpones, cancels three cannabis trade events

Marijuana Business Daily has decided to postpone or cancel three upcoming cannabis industry trade events scheduled for the United States and overseas because of the coronavirus pandemic. Here are the details: MJBizDaily’s Investor Intelligence Symposium, scheduled for next month in New York, has been canceled. Attendees have been notified. In lieu of the cancellation, MJBizDaily will […]

Read More

Week in Review: UN delays cannabis vote, marijuana events keep eye on coronavirus, another MJ business founder steps down

This week’s United Nations Commission on Narcotic Drugs (CND) meeting in Vienna indicated the division among nations over the World Health Organization’s cannabis scheduling recommendations. The CND pushed back a vote to December and declined to immediately take up voting on recommendations that would have far-reaching implications for the global cannabis industry. MJBizDaily takeaway: The […]

Read More

Week in Review: NM nixes adult-use cannabis bill, Aurora posts big loss, Trump seeks money to regulate CBD/hemp & more

A New Mexico Senate panel scraps legislation to legalize recreational marijuana, Aurora Cannabis reports a steep loss for its second quarter, President Trump’s 2021 budget proposal seeks additional money for the federal government to regulate hemp and CBD – and more of the week’s top cannabis business news. New Mexico lawmakers scrap adult-use bill A […]

Read More

Week in Review: Aurora CEO departs, Whoopi Goldberg leaves medical cannabis firm, NM allows MMJ business tax deductions & more

Aurora’s Terry Booth exits the company, a big-name celebrity leaves the namesake medical marijuana retailer she co-founded, a New Mexico court allows MMJ business tax deductions – and more of the week’s top cannabis business news. Another Canadian cannabis CEO departs Canadian multinational marijuana company Aurora Cannabis announced its chief executive stepped aside this week after […]

Read More

Australia expedites review of medical cannabis product Epidiolex

The only medical cannabis product in the Australian Register of Therapeutic Goods might soon be joined by another. Australian health regulators quietly gave Epidiolex, a cannabidiol medication, orphan designation and priority review status in late 2019. The designations allow the Therapeutic Goods Administration to waive application and evaluation fees, as well as expedite its assessment […]

Read More

Australia says over-the-counter CBD sales ‘could be considered during 2020’

A review of cannabidiol products being undertaken by Australian health authorities could result in the relaxation of the scheduling status of CBD, potentially making it available over the counter in low doses. In a public submission to a Senate committee studying Australia’s medical cannabis access scheme, the Department of Health said the Therapeutic Goods Administration […]

Read More

Heavenly Rx expands footprint by acquiring American CBD maker

Heavenly Rx, a CBD maker based in Toronto, on Tuesday announced the acquisition of a privately held CBD manufacturer in the United States. The purchase of Paradise Valley-based PureKana expands Heavenly Rx’s reach into Arizona and continues a recent string of acquisitions by the Sol Global Investments subsidiary. Heavenly Rx most recently added to its portfolio in […]

Read More

Week in Review: Aurora Cannabis execs depart, Curaleaf raises $275M in debt, IL readies for adult-use MJ sales & more

Aurora Cannabis loses two of its most important executives at a crucial time as the company continues to struggle, Curaleaf secures $275 million in debt from a group of lenders, Illinois recreational marijuana retailers get ready for large customer turnout and high demand for New Year’s Day launch – and more of the week’s top MJ business news. […]

Read More