Hemp Industry News

GW Pharma denies supply issues with marijuana-based drug Epidiolex after stock falls

GW Pharmaceuticals, the British maker of epileptic seizure-control medication Epidiolex, said it was not aware of any supply issues related to the cannabis-derived drug after a tweet from a patient’s father complained he could not source the medicine. GW’s stock was down more than 3% on Wednesday on the Nasdaq after the tweet from San […]

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Tilray to accelerate expansion into CBD with Manitoba Harvest acquisition

Cannabis giant Tilray is expanding into the natural foods category with the acquisition of hemp foods company Manitoba Harvest for 419 million Canadian dollars ($319 million) in cash and stock in an effort to capitalize on cannabidiol-infused products in North America. The acquisition will accelerate British Columbia-based Tilray’s expansion into the U.S. and Canadian markets […]

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US cannabis companies have advantage for CBD exports to Brazil

It’s usually assumed that Canadian licensed cannabis producers have an advantage when it comes to international expansion, but the United States may have an edge over Canada in one country: Brazil. The South American country has seen steady growth in patient numbers over the past year, with the majority of CBD products arriving from the […]

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MJBizDaily launches annual cannabis industry survey to collect key business data

Marijuana Business Daily has launched its seventh annual survey of cannabis industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, vertically integrated businesses, testing labs and ancillary firms, […]

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Marijuana or hemp? Manufacturers snagged by Farm Bill confusion

Cannabis entrepreneurs say they’re facing jail time and hefty legal fees because of the plant’s complicated biology, with the vaunted 2018 Farm Bill only muddling the picture for interstate commerce. A pair of cases in Idaho and Oklahoma raised questions about how state and local law enforcement are supposed to tell the difference between hemp and marijuana. Since the […]

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Canadian marijuana firm Canopy pledges to enter US market with Farm Bill passage

Canadian cannabis giant Canopy Growth announced it will make forays into the U.S. market after the United States government passed the Farm Bill. “Canopy Growth will participate in the American market now that there is a clear, federally permissible path to the market,” Bruce Linton, chair and co-CEO of Ontario-based Canopy Growth (TSX: WEED; NYSE: […]

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Chart: 2018 Farm Bill addresses major pain points for hemp industry

Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far underpinned the industry – will be […]

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Marijuana firm MariMed invests $30M in hemp-derived CBD producer

Massachusetts-based MariMed, a multistate cannabis operator, is entering the hemp-derived CBD business with a $30 million investment in a Kentucky company. The company, GenCanna, has contract farmers to grow hemp to its specifications as well as processing facilities to turn the plant into CBD extracts, concentrates, isolates and other products. GenCanna plans to use the […]

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Chart: The days of CBD-only stores may be numbered

While hemp and marijuana may be close relatives, most hemp-derived CBD retailers don’t sell the products alongside medical cannabis. But as state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to […]

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