HLG week in review 7.16-7.20

Is DEA Being Forced To Reschedule The CBD Compound?, Preparing for Marijuana Industry Lawsuit Tidal Wave

California CBD Industry Scrambles to Adjust to Food Rule ‘Roller Coaster’

California’s booming CBD industry is in disarray after the state Department of Public Health (CDPH) reaffirmed earlier this month that CBD cannot be added to food, even if it comes from hemp. Read more.

Is DEA Being Forced To Reschedule The CBD Compound?

It has been said that 2018 will go down in history as one of the biggest years in the grand scheme of cannabis reform. Not only did Canada legalize the leaf nationwide for recreational use, but also the U.S. Food and Drug Administration (FDA), one of the gatekeepers to “safe and effective” medicine in the United States, admitted that parts of the cannabis plant, something that the U.S. government has considered a gateway to addiction and social downtrodden for the past several decades, has a place in the treatment of patients suffering from severe forms of epilepsy. Read more.

Only 1 State in the US Doesn’t Have a Medical Marijuana Law: Idaho

One by one, even the most culturally conservative states are succumbing to the demands of patients and mounting scientific evidence to pass laws to allow use of (at least) extracts containing cannabinoids, or (at most) actual herbaceous marijuana for either medical or “recreational” purposes. Read more.

Women in Cannabis: These 9 Women Are Stirring the Pot in Massachusetts

As Massachusetts looks at making recreational marijuana available for adult-use, it is simultaneously legalizing a large but illicit industry while making it conducive for a startup system to flourish. As the retail cannabis industry looks to reach a billion dollars by 2020, it is inevitably attracting top talent — with a lot of diversity. Read more.

Preparing for Marijuana Industry Lawsuit Tidal Wave: The Claims (Part I)

“The international market for cannabis is projected to hit $31.4 billion by 2021. Currently, the global market is estimated to be worth $7.7 billion and will see a compound annual growth rate of 60 percent as other countries liberalize their marijuana laws. The United States currently drives 90 percent of global cannabis sales …,” “Global Marijuana Market Will Soon Hit $31.4 Billion But Investors Should Be Cautious,” Fortune Magazine, Nov. 7, 2017. Read more.