European Pot Firm Valued at $190 Million in New Funding Round 

One of Europe’s crop of cannabis companies was valued at 150 million pounds ($190 million) in its most recent funding round, reflecting rising industry growth as well as investor appetite, despite a murky regulatory picture. Read more 

Mexico Unveiled Its Recreational Cannabis Bill: 8 Things You Need to Know

Outside Canada, we’ve seen 33 U.S. states legalize the use of medical marijuana, to some degree, over the past 23 years, 11 of which have also waved the green flag on adult consumption. The U.S. Food and Drug Administration also approved the very first cannabis-derived drug last year to treat two rare forms of childhood-onset epilepsy. Read more

Investors Are Pouring Money Into Marijuana Software. Here’s the Latest Startup to Get Funding

“During the gold rush it’s a good time to be in the pick and shovel business,” Mark Twain reportedly said. That’s certainly true in the modern gold rush that is the cannabis industry, where it’s not just weed sellers seeking a fortune but also the companies that supply them. Read more

South Dakota’s Hemp Bill Starting To Take Shape For 2020 Legislative Session

The legislative Hemp Study Committee is building off the failed 2019 bill that would have legalized industrial hemp. However, the 2020 bill’s language will be finalized after the U.S. Department of Agriculture announces its hemp program guidelines, which are expected by the end of the year, according to Rep. Lee Qualm, R-Platte. Read more

Hemp Farming: Surging Interest in CBD Propels A Rapidly Growing Hemp Industry in Maine

The explosive growth in demand for hemp is propelling this crop to new importance in the state.  We’ll hear from hemp farmers and learn about the potential of hemp to impact Maine’s economy. Listen here 

How Cannabis Can Solve South Africa’s Economic Crisis

The rise of the global cannabis industry has seen a number of nations loosen cannabis laws to increase revenue earned through taxation. Read more

Health Canada Releases Final Regulations For New Classes Of Cannabis

In 2018, Canada legalized the sale of five classes of cannabis. This year will now see the addition of three new permitted classes of cannabis: (a) edible cannabis, (b) cannabis extracts, and (c) cannabis topicals. Accordingly, Health Canada has released the order and targeted regulations amending the Cannabis Act and Cannabis Regulations (collectively, the Amending Regulations) governing these new classes of cannabis, coming into force on October 17, 2019. Read more

Exclusive: US Retail Sales Of CBD May Increase 133% In 2019, Surpass $10 Billion By 2024

Retail sales of CBD in the United States are expected to surpass $1 billion in 2019 – a 133% increase over 2018 sales – and might eclipse $10 billion by 2024, according to projections from the newly released 2019 Hemp & CBD Industry Factbook. Read more

USDA Releases Proposed Hemp Regulations For Public Comment

The interim final rule on hemp will be formally published in the Federal Register on Thursday, with a 60-day public comment period to follow. Once the rules are finalized, USDA will begin to evaluate states’ and tribes’ submitted regulations plans, and any jurisdictions that do not send proposals will fall under the department’s general guidelines for producing the crop, which was federally legalized under the 2014 Farm Bill. Read more

Why Legalizing Marijuana Could Give the U.S. Economy a Big Boost

A lot of the talk on the markets these days is about a possible recession. Falling interest rates have raised concerns about how much longer the U.S. economy can keep going at its current pace. A big trade war with China doesn’t help things, either. Read more

Policies, Fertile Land And Climate Signal Potential For Latin American Hemp

“The hemp industry is in line with sustainable business principles, providing economic, social and environmental benefits,” said Barbara Galletti, CEO of Pronatura Ltda., and co-creator of Nutranabis, the first Chilean brand dedicated to the re-introduction and commercialization of organic hemp products in Chile. Read more

Hemp Farmers And Processors Work Out Kinks During First Legal Harvest In More Than 80 Years

In 2018, the U.S. Congress lifted a pre-World War II restriction that made it illegal for farmers to grow industrial hemp—a variety of the cannabis sativa plant that contains less than .3% THC. Read more