Marijuana Business News

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Thu
18
Jul

A budding industry: CBD takes over Southwest

Steven Brown has dealt with many baby-boomers wandering into his LynLake store Nothing But Hemp thinking it was a place to buy pot. It might look and smell like it, but it’s not, as recreational marijuana is still illegal in the state of Minnesota. Brown’s store sells CBD products.

CBD, short for cannabidiol, is a compound that comes from hemp, which is a plant in the cannabis family. Another compound is tetrahydrocannabinol, or THC, which is the psychoactive chemical found in marijuana. By law, CBD contains .3% THC or less,
so users cannot get high.

Instead, CBD gives users more of a bodily feeling that some people claim can help with a variety of ailments from anxiety to migraines and other physical pain to reducing the amount of epileptic seizures.

Thu
18
Jul

Isracann looks to be a first mover in the Israeli cannabis boom

Read full article here.

In Canada, if you were one of the first companies to be granted a license from Health Canada, you would have benefited from the rising demand of legal cannabis and you would probably be worth more than $1 billion.

Having the ability to being prepared is a key trait of any successful person or business so we are not surprised by the massive increase in the number of companies competing for an Israeli cannabis license. Having an early mover advantage is extremely significant and this is especially true when it comes to the cannabis industry.

Thu
18
Jul

‘Novel food CBD will become the European standard ‘

The Novel Food classification may well become the accepted legal position for European CBD industry.

Many ‘smart’ companies are already going through the process of securing compliance. However, at a cost of upwards of £250,000 such a certification is not coming cheap. 

January’s decree by The European Union decision to classify CBD as a Novel Food was the topic of much debate at the Europe CBD Expo event at the ExCel Centre in East London.

Thu
18
Jul

'Algorithms Manage Everything': One Israeli company's mission to make marijuana growing effortless

The state-by-state legalization of cannabis has made thousands of strains legally available.

Many cannabis users still find growing their own weed appealing — and others may have the need to grow cannabis due to a lack of nearby dispensaries.

Cannabis cultivation is a meticulous process that involves more than just planting a seed or a clone and watering it regularly.

It requires special lighting, constant temperature, humidity, nutrition and many other factors to create a high-quality crop.

Luckily, there are solutions that make growing weed easier, even in the comfort of one’s home.

Thu
18
Jul

The CBD industry is betting that pets need to chill, too

Two years ago, Dingo was going to be put down. The 14-year-old basenji, in pain from arthritis in her neck and spine, could barely walk and wouldn’t eat. She suffered from anxiety and had early-stage kidney disease. Then she started taking cannabis.

Kelsey Brown, Dingo’s owner, decided to dose her with drops of CBD, or cannibidiol, three times a day, using a tincture that runs US$120 for a 1-ounce bottle. It was a last-ditch effort to ease the dog’s pain and anxiety before euthanasia became a reality. “Within a week she could actually jump on the couch again,” says Brown, a dog trainer in Mora, Minn.

Thu
18
Jul

Italy picks Aurora Cannabis as sole medical marijuana supplier

Italy has chosen Canadian-based Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) as the

Thu
18
Jul

Pot stocks to watch as we enter the second half of summer ​

The marijuana stock market has grown drastically over the course of the past few years. In that time, we have seen company values skyrocket. Additionally, we have seen the amount of investor faith in the pot stock space grow as well. All of this has led to one of the friendliest investor spaces we have seen in recent times.

Wed
17
Jul

Cannabis CEOs are white men, just like in the rest of the corporate world

Bloomberg Businessweek — When Nancy Whiteman, 61, founded her marijuana edibles company, Wana Brands, almost a decade ago in Boulder, Colo., the legal industry was relatively diverse and dominated by local startups. It helped that Wall Street banks and institutional investors took a hands-off approach to cannabis, leery of getting involved with a drug that’s still banned by the federal government. “It was a pretty even playing field for everybody—men, women, anybody who was interested,” Whiteman says.

Wed
17
Jul

Ex-CannTrust president fears for firm's future amid regulatory probe

Health Canada changed the way it conducted cannabis industry inspections last year amid an “insatiable appetite” for licences, according to one of CannTrust Holdings Inc.’s former top executives, in a move that potentially opened the door for the regulatory fiasco that has thrust the pot producer into the spotlight.

Brad Rogers, the former president of CannTrust who worked at the Vaughan, Ont.-based company from April 2016 to last October, told BNN Bloomberg that he observed a streamlining for licence submissions after Health Canada was flooded with applications before Canada legalized recreational cannabis in October.

Wed
17
Jul

Cannabis stocks rally after FDA says it will speed up effort to create rules for CBD

Cannabis stocks were mostly higher on Monday, after the U.S. Food and Drug Administration said it is expediting its effort to create a regulatory framework for CBD with plans to publish a report on its progress by early fall.

Amy Abernathy, acting chief information officer, said in a series of tweets sent on Friday that the agency is “expediting its work to address the many questions about cannabidiol. This is an important national issue with public health impact, and an important topic for American hemp farmers and many other stakeholders.”

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