Mexico’s Supreme Court has thrown out barriers to low-THC cannabis production, just as the nation is moving toward full marijuana legalization. A ruling issued last week sided with Xebra Brands Ltd. and its Mexican subsidiary, Xebra Mexico, and declared that laws against growing cannabis below 1% THC are unconstitutional. The decision now heads to a
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A Dutch lighting giant signed a definitive agreement to acquire Texas-based Fluence, which provides grow lights to cannabis cultivators and other agricultural companies, for $272 million. Netherlands-based Signify said in a news release that the acquisition is in line with its strategy to expand in “attractive growth segments” as well as its commitment to reduce
U.S. health authorities are signing off on human trials of CBD to treat opioid addiction. The U.S. Food and Drug Administration gave the green light this week to Ananda Scientific to start human testing of its CBD drug Nantheia ATL5, the company announced. The trials will be run out of UCLA and are funded by
A Las Vegas-based marijuana operator has sent its first shipment of CBD hempseeds to Asia, as part of a new partnership with a Thailand-based company. Audacious Brands entered a partnership with Golden Triangle Health, a subsidiary of the publicly traded NRF, to supply major consumer packaged goods companies with white-label and branded products. The seeds
Canadian hemp is speeding onto the world stage in the 2022 Winter Olympics opening Friday in Beijing. Calgary, Alberta-based processor Canadian Greenfield Technologies sent more than 60,000 pounds of its NForce-Fiber for use in competition luge and bobsled tracks. The fibers were used in place of plastic fibers as a concrete strengthener. The company sells
Australian marijuana producer Creso Pharma Ltd. is the latest company entering the United States via a CBD maker. Creso Pharma announced this week that it is buying Sierra Sage Herbs in an all-stock deal worth $21 million. Based in Lyons, Colorado, Sierra Sage Herbs makes a range of wellness products including some with and without