The Business of Cannabis

Minnesota Regulators Crack Down On Cannabis Masquerading As Hemp

Jan 17, 2024 | Great Lakes Region

Minnesota’s cannabis regulators say they are developing an interagency plan to crack down on hemp retailers who are exploiting a legal loophole to pass off marijuana buds as industrial hemp. The state’s Office of Cannabis Management (OCM) said it suspects that some...

First Defendant In $14 million CBD Scam Gets 6½ Years In Prison, Fined $1.7 Million

Jan 17, 2024 | Canada

The founders of a Canadian hemp company who misappropriated funds and then threatened witnesses who testified against them have pled guilty in a New York federal court. Igor Palatnik and Vitaly Fargesen of CanaFarma Hemp Products Corp., Vancouver, were accused of...

Trade Group Says Implementation Of CBD Policy In UK’s $850 Million Market Is Off The Rails

Jan 17, 2024 | International

Implementation of legal and regulatory frameworks in the UK’s $850 million (£690 million/€798 million) CBD market is in disarray, a key stakeholder group alleges in a new white paper. The Association for the Cannabinoid Industry (ACI) said the process for getting CBD...

Feds Release Marijuana Documents, Confirming Schedule III Recommendation Based On ‘Accepted Medical Use’

Jan 17, 2024 | National

The U.S. government has released hundreds of pages of documents related to its ongoing review of marijuana’s status under federal law, officially confirming for the first time that health officials have recommended the Drug Enforcement Administration (DEA) place...

Survey: Pain Patents Report That Cannabis Is “More Effective” Than Conventional Medications

Jan 17, 2024 | International

Patients with chronic pain and other conditions report that cannabis is often more effective than conventional treatments, according to survey data published in the journal Frontiers in Medicine. German researchers surveyed patients’ experiences with...