Hemp CBD industry pushes for a 1% THC solution
Hemp industry voices are alerting hemp backers—especially farmers and operators—to petition now to change the definition of hemp from the 0.3% maximum THC content to an even 1%.
Imminent action is required because the U.S. Department of Agriculture’s interim final rule (IFR) is set to go final in time for the 2021 planting season, which means by February 2021 at the latest.
July cannabis sales set record at nearly $61 million in Illinois
Marijuana dispensaries sold 1.2 million products in July, totaling $60.9 million in sales, according to the Illinois Department of Financial and Professional Regulation.
Canada to Lead ISO International Workshop on Safe Cannabis Production
TORONTO, Aug. 4, 2020 /PRNewswire/ — The demand for medical and recreational cannabis products is surging, with a projected worth of up to US$103.9 billion by 2024. Given the rapid growth of this industry and the challenges with respect to the safety, security and sustainability of buildings, premises, facilities and operations handling cannabis, Canada will lead an ISO international workshop to develop guidelines in these areas.
Congressional researchers say legal cannabis hurts cartels
A new Congressional Research Service report says a “decline in U.S. demand for Mexican marijuana” is partly “due to legalized cannabis or medical cannabis in several U.S. states and Canada, reducing its value as part of Mexican trafficking organizations’ portfolio.”
Cannabis consumption preferences cross generations as millennials and baby boomers favor inhalable products
According to a recent study from Verilife, a dispensary operator owned by Chicago-based multistate marijuana operator PharmaCann, inhalation as the most preferred method of consumption.
Baby boomers and millennials not only prefer the same forms of consumption, but on average, they also both spend roughly the same amount each month on cannabis and have increased their consumption during the COVID-19 pandemic.
Israeli medical cannabis co Together signs Brazilian deal
Israeli medical cannabis company Together (TASE: TGDR) has announced that it has signed a Memorandum of Understanding (MoU) to market and distribute medical cannabis products in the Brazilian market, through a partner who will be responsible for receiving the required approvals to import medical cannabis products for sale in the country. The company plans to focus on selling enriched CBD oils for treating epilepsy.
AMP Presents Roundtable Discussion about Medical Cannabis in Germany
ERFURT and BERLIN, Germany, Aug. 4, 2020 /CNW/ – AMP German Cannabis Group Inc. (“AMP” or the “Company”) (CSE: XCX) (FSE: C4T) (ISIN: CA00176G1028) proudly presents its first video in a series of in-depth roundtable discussions that will explore and discuss new developments regarding medical cannabis in Germany. The Roundtable Series online videos are in German with English subtitles.
Cannabis Can Have Antidepressant Effects — In The Short Term, Study Finds
In the study published in the Yale Journal of Biology and Medicine in late June, researchers stated that their findings indicate “at least in the short term, the vast majority of patients that use cannabis experience antidepressant effects,” although they added that the strength and duration of the effect depends on the chemical profile of the cannabis used.
Michigan Cannabis industry releases an election scorecard
LANSING, Mich. – The Michigan Cannabis Industry Association released the results of their first election scorecard before the election on August 4.
All democrat candidates received an A or B on the scorecard with 90% of republican candidates also scoring in that range.
WVU researcher to study THC levels in industrial hemp
MORGANTOWN, W.Va. (WBOY) – A researcher at West Virginia University has received $200,000 from the U.S. Department of Agriculture to study industrial hemp for two years.