Week in Review 7.29 to 8.2

Leafwire Closes $1M Funding Round; New York Governor Signs Bill Decriminalizing Marijuana Use; More Kroger Co. Stores To Carry CBD Products

This Week in Review

Connecticut Opens Hemp Manufacturer Licensing

Applicants planning on manufacturing hemp products for human use in Connecticut must pay a $50 application fee and a $250 fee if approved for the two-year permit, according to the agency website. Applicants growing and processing hemp for industrial purposes and retailers do not need DCP licensing, but they do need a permit from the Department of Agriculture. Read more

Hemp Growers, Processors Seek Better Regulatory Framework

When it comes to food or “health” products containing cannabidiol, commonly known as CBD, the federal government is not keeping up with the marketplace, where sales of CBD products topped $500 million in 2018. Read more

Leafwire Closes $1M Funding Round

"Leafwire was built to help alleviate some of these challenges - to provide a platform where business can share information, connect, support each other, collaborate, find employees and even find investors - all in a safe, cannabis-friendly environment where businesses don't have to worry about being censored or having their pages shut-down on a whim." Read more

California Legislative Update: Several Key Cannabis Bills Still Hang In Balance

When the California Legislature returns from its summer recess in mid-August, it’ll face a monthlong sprint to get to all the bills remaining on its docket, including several that could have a significant impact on marijuana companies. Read more

Will Kleidon Named Chairman of California Hemp Council

Passing legislation to allow CBD in food and beverages in the restaurant industry is one of the CHC's key areas of focus currently. Ojai Energetics initiated and co-sponsored the legislation signed by Governor Jerry Brown of California that pushed hemp legislation SB 1409 into law, a move that significantly expanded hemp farming in California. Read more

USA Today Report: Cannabis Consumers Reduce Use of Pills, Booze

The study, conducted the company’s digital marketing arm, LOCALiQ, combined survey responses with mobile data to paint a picture of cannabis consumers in legal states. Researchers surveyed 8,805 cannabis consumers aged 21 to 64 across 21 states in which some form of cannabis is legal. Read more

Imports Of Medical Marijuana Into Germany Surge In Second Quarter

Germany imported almost 2,500 kilograms (roughly 5,500 pounds) of medical cannabis flower for pharmacy dispensing during the first half of 2019. That’s almost as much as the country imported in all of 2018, a sign that the expected growth in the market is coming to fruition. Read more

Medical Marijuana, Inc. Opens New Production & Warehousing Facility to Expedite International Expansion Efforts

The facility, covering 16,000 square feet, is cGMP compliant and is registered with the State of Utah. The facility has been designed to help the Company increase warehousing, fulfillment and production activities related to the Company’s CBD hemp oil products. Read more

New York Governor Signs Bill Decriminalizing Marijuana Use

New York Gov. Andrew Cuomo (D) on Monday signed a bill decriminalizing the use of marijuana in the state and expunge the records of some people convicted on cannabis-related charges. Read more

Tilray Delivers First Cannabis Shipment For Health Checks

The programme will enable medical consultants to prescribe cannabis-based treatments to patients who suffer from medical conditions where standard therapies have failed, including multiple sclerosis, nausea associated with chemotherapy, and severe epilepsy. Read more

More Kroger Co. Stores To Carry CBD Products

Charlotte’s Web Holdings Inc. and Veritas Farms Inc. said Monday that they’re rolling out topical CBD items to 1,350 of the Cincinnati-based grocer’s stores in 22 states, including the Kroger, Dillons, Fry's, Fred Meyer, King Soopers, Mariano's, Pick 'n Save, QFC and Smith's banners. Read more