International News

(A version of this story first appeared on Marijuana Business Daily.) Peru is giving hemp-derived medicines the green light, with commercialization imminent once the respective companies obtain the necessary import permits. Two hemp-derived products are registered as “cannabis-derived natural health products” in Peru. Toronto-headquartered Ramm Pharma, a company with medical cannabis manufacturing operations in Uruguay,
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This is the second part of an interview with Elixinol CEO Oliver Horn. Read his insights on leadership here. In a recent presentation, you said the company was “well-positioned to navigate the regulatory environment that is dynamic, and we remain very positive that regulatory changes are working in our favor.” What makes Elixinol well-positioned to
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A CBD maker in Canada is part of a labeling lawsuit against more than a dozen Canadian cannabis companies. The lawsuit, filed in Alberta by consumer Lisa Marie Langevin, accuses the companies and their subsidiaries of selling products “with THC or CBD content levels that were drastically different” from what was advertised. Canada allows 15%
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Vancouver, British Columbia-based Future Farm Technologies says it has finished its consolidation with High Purity Natural Products, a Southbridge, Massachusetts, company that makes white-label CBD and hand sanitizer. The companies announced their merger Thursday. Future Farm Technologies specializes in indoor marijuana production but plans to grow and process hemp in the United States. The companies said in
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The World Health Organization’s proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a United Nations narcotics convention could be difficult to enforce, a U.N. monitoring body has said. The International Narcotics Control Board said authorities in some countries may lack the lab technology or manpower to
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The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing red tape for companies that supply it. The new classification came into force Wednesday. “This will reduce administrative processes for companies wanting to supply Epidyolex to patients with severe epilepsy,” according to
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Health officials in the Czech Republic have allowed a local extraction facility to export full-spectrum hemp-derived cannabis extract to a Spanish pharmaceutical ingredient manufacturer. Prague-based PharmaCan s.r.o. was granted an export authorization from the Czech Ministry of Health to send 500 grams of extract to Spain, the company’s subsidiary CBDepot said in a statement on
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Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head of the European Industrial Hemp Association
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The main hemp industry body in Europe has received a green light from its members to move forward with “unprecedented” studies on cannabidiol and THC as part of a joint novel food authorization application. An “overwhelming majority” of European Industrial Hemp Association members voted on Monday in favor of “the principles of the special contribution
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A meeting is scheduled for next week to discuss World Health Organization recommendations on marijuana, CBD and related substances. The recommendations include removing CBD and CBD preparations containing no more than 0.2% THC from the international drug-control conventions. The WHO’s CBD recommendation, if ultimately adopted, could lead to freer international trade in the cannabinoid. The
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(This is the second installment of a two-part story on the prospects for hemp-derived construction materials in the post-coronavirus era. The first part can be read here.) HempFlax’s acquisition of Germany’s natural fiber insulation manufacturer Thermo Natur last month provided an example of how an established hemp growing and processing operation can further diversify its
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Photo courtesy HempFlax This is the first of a two-part series on the prospects for hemp-derived construction materials in the post-Covid-19 era. Europe’s largest independent hemp grower and processor doubled down on the crop’s potential in the EU construction sector last month when it bought an insulation manufacturer in Germany and launched its own sustainable
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A Canadian company that makes natural nonwoven fibers says it has raised $3.3 million, mostly from angel investors, to help finish developing a proprietary processing plant in Europe. Victoria, British Columbia-based Bast Fibre Technologies made the announcement this week, saying the investors are buying common shares and will get an equity stake in the company.
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Canadian CBD company NewLeaf Brands Inc. is changing its name to Mydecine Innovations Group Inc. to reflect its focus on developing strains of psychedelic mushrooms. The Vancouver, British Columbia-based company will now be called Mydecine Innovations Group Inc. and its ticker on the Canadian Stock Exchange is changing from NLB to MYCO. The change becomes effective Friday,
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The market for exporting hemp from Colombia to the rest of the world is getting off the ground and Manuel Baselga sees a bright future for the commodity in his country. Baselga is co-founder and board member of Savanna Ventures, a venture capital firm investing in cannabis companies internationally, but heavily focused in Colombia. Based
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A Canadian marijuana producer has announced it’s shifting to processing and extracting hemp biomass into CBD concentrates by signing a purchase agreement with a leading supplier of high-CBD industrial hemp. Calgary-based RMMI Corp. announced Tuesday it plans to buy 300,000 pounds of high-CBD hemp biomass from Clearwater CannaGrow Ltd. for $4,800,000. The payment will come
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The U.N. body that decides drug policy has a plan for moving forward with a landmark vote in December on whether to revise the inclusion of cannabis and cannabis-related substances in two international narcotics conventions. The roadmap from the U.N. Commission on Narcotic Drugs (CND) for holding the vote despite the global coronavirus pandemic was
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