News
Read up on the latest news and recent information regarding cannabinoid-based medicine.
2020 Financial Trends for the Cannabis Industry
The past year has been another strong year in cannabis. Investors continued to pour money into the burgeoning industry — surpassing 2018 investment totals in just 40 weeks — and new markets opened up for recreational and medical cannabis. And following the passage of...
Hemp in the United States: An Opinion
The Agriculture Improvement Act, also known as the Farm Bill, was signed into law in December 2018. A major provision in the law legalizes hemp as an industrial crop. In August of 2016, USDA, DEA, and FDA published a Statement of Principles in the Federal Register (FR...
Is the Green Rush Over?
Ever since California legalized medical use of cannabis in 1996, entrepreneurial people and people with money have been looking to turn the cannabis trade into a bonafide industry. The cannabis Green Rush has been a fast and chaotic ride as growing legalization opened...
Harvest Connect Aims to Advance Georgia Hemp Market
Georgia doesn’t have a hemp market yet, but that is about to change. In 2019, the Georgia state legislature passed two bills: HB 213, the Georgia Hemp Farming Act and HB 324, the Hope Act, which legalized low-THC oil. While the regulatory framework for the program is...
Is Australian Cannabis Going Corporate?
Patient numbers in Australia are going in only one way – up. As of last month, the Australian government reported that it had approved a record 3,594 cannabis prescriptions in October 2019 – or about twice as many as it had approved in only July. As...
What’s Going Down In The Danish Cannabis Market?
Despite the fact that the Danes are going to do something that is still verboten in Germany and many other European locales (namely allow a recreational trial), the overall bloom is off the first heady days of the cannabis rose here in Denmark. Medical sales have...
FDA Issues Warnings to 15 CBD Companies, Updates Safety Concerns
On November 25th, the U.S. Food and Drug Administration (FDA) sent out warning letters to 15 different companies for “illegally selling products containing cannabidiol (CBD) in ways that violate the Federal Food, Drug, and Cosmetic Act (FD&C Act).” They also...
Nevada Lab License Suspended Amid Potency Results Investigation
Back in September, Nevada officials announced a state-wide investigation into how products with high levels of yeast and mold were sold in dispensaries and alleged that labs could possibly be manipulating potency numbers on certificates of analysis. Then in late...
Where Does the FDA Stand on CBD?
CBD Intro Cannabidiol, or CBD, is one of over 1000 cannabinoids found in the Cannabis plant. CBD was identified as an isolate from Minnesota Hemp in the 1930s (Gururajan, 2016). Unlike many other cannabinoids and compounds found in cannabis flower, CBD is not...
Second Canadian Cannabis Company Admits To Illegal Grows
For the second time this year, a Canadian public cannabis company with interests far outside the country, has fessed up to unlicensed growing. This time it is Hexo, a company with many issues floating since this summer’s bombshell disclosures about CannTrust....
How to Protect Your Business from the Emerging Vaping Crisis
The year 2020 may become a pivotal year for cannabis operators and service providers, including increased access to financial services, and increased exposure to product liability lawsuits. On a positive note, if enacted, the Secure and Fair Enforcement Banking Act of...
Cannabis Industry Insurance Outlook for 2020
Cannabis businesses have a lot to look forward to in 2020. After a bipartisan push through the House, the Safe Banking Act currently awaits passage in the Senate and then the president’s signature. If all goes well, the bill will allow the financial sector to finally...
MORE Act Passes House Judiciary Committee
According to a press release published by the National Cannabis Industry Association (NCIA), the House Judiciary Committee approved the Marijuana Opportunity Reinvestment and Expungement (MORE) Act by a 24-10 vote. House Judiciary Committee Chairman Jerrold Nadler...
Mark Your Calendars: The Cannabis Labs Virtual Conference Returns
On January 15th, 2020, Cannabis Industry Journal is hosting the 3rd Annual Cannabis Labs Virtual Conference. From 11–4 pm ET, you’ll get access to five veterans of the cannabis industry discussing a wide range of cannabis testing issues. Hear from subject matter...
Luxembourg’s Government Triples Medical Cannabis Budget for 2020
While Luxembourg is a tiny country in the middle of Europe, it is beginning to play an outsized role in pushing all aspects of the cannabis discussion forward in the EU. The country has steadily moved forward on integrating cannabis into the medical system. In 2018,...
The Great European Cannabis Cosmetics Confusion
If the “recreational” discussion is off the table for now except in a few local sovereign experiments (Luxembourg, Switzerland, Denmark, Holland), and the medical discussion is mired in “efficacy” and payments (Germany, UK), where does that...
Cannabis Labs Virtual Conference
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Standardization: A Guide Through the Minefield
Now that cannabis edibles have been legalized nationally in Canada, many existing and aspiring license holders have been surprised to discover that they must comply with food safety regulations. This became crystal clear when Health Canada published their Good...
NHS Finally Approves A Few Cannabis-Based Medicines for England & Wales
You have to hand it to the Brits right now. There is nothing that seems to be working in a land caught in the gray zone of “Brexit or Not.” That absolutely can be said for cannabis prescriptions and the subsequent availability of the drug, via the National...
North Carolina Gets First Accredited Cannabis Lab
In a press release published on Monday, the American Association for Laboratory Accreditation (A2LA), announced the renewal of accreditation for Global Laboratory Services, Inc. for ISO 17025:2017 in cannabis testing. The laboratory, based in Wilson, North Carolina,...