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This story first appeared at Marijuana Business Daily International. United Kingdom-based GW Pharmaceuticals expects to report annual sales of approximately $526 million for the year ended Dec. 31, 2020, it said in a preview of its fourth quarter and full-year results. Fourth-quarter net sales will be approximately $148 million, based on preliminary unaudited financial information,
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Molson Coors Beverage Co. says it has launched CBD drinks in Colorado through TRUSS CBD USA, its joint venture with HEXO Corp. The beverage line will be available in three flavors – Grapefruit Tarragon, Strawberry Hibiscus and Blueberry Lavender under the name, “Verywell,” Molson Coors and HEXO said Wednesday. The companies first partnered in 2018
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Federal food and drug officials said Friday that they plan to fill in current CBD research gaps with “real world data” — but industry advocates are frustrated that regulators haven’t done enough to clear up the rules, which has caused supply-chain bottlenecks while leaving consumers to navigate an increasing field of unregulated products. An update
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RAMM Pharma, a cannabis-based pharmaceutical company with products in several Latin American countries, has bought a 49% stake in the Sicilian CBD processing company Canapar. Based in Toronto, RAMM purchased the shares from the cannabis venture-capital firm Canopy Rivers. Under the agreement, RAMM paid $7 million cash to Canopy Rivers to buy a little more
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Vermont will be conducting contactless inspections of hemp operators to limit person-to-person contact during the pandemic. The Vermont Agency of Agriculture, Food and Markets says the inspections will begin with a phone call, followed by an email and an online form to gather information about number of harvested lots, yields, and results of contaminant testing,
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Puerto Rico’s agriculture secretary says private investment is needed to build the infrastructure for the hemp industry to thrive in the U.S. territory. Secretary Ramon González told a local news outlet, Noticel, that without hemp processing plants, “the business of investing in the fields is for nothing,” “I believe that a lot of expectations were
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Read more about Garland’s nomination at Marijuana Business Daily. President-elect Joe Biden has settled on Merrick Garland as his nominee for U.S. attorney general, multiple news organizations reported Wednesday, tapping a federal judge to oversee the Department of Justice, which includes the Drug Enforcement Administration. Garland, chief judge of the U.S. Court of Appeals in