Reuters — The U.S. Food and Drug Administration (FDA) is planning to make recommendations on how to regulate the use of popular cannabis compound CBD in food and supplements, the Wall Street Journal reported on Tuesday, citing agency officials. After weighing the evidence on the compound’s safety, the FDA will decide within months how to […] Read more
U.S. FDA reported weighing CBD regulation in food, supplements
Canopy eyes U.S. expansion via weed gummies maker
Ontario firm to pay US$297.5 million for Wana Brands
Reuters — Canada’s Canopy Growth Corp. said on Thursday it would buy weed gummies maker Wana Brands for US$297.5 million, as the world’s biggest pot producer looks to expand in the U.S. cannabis market. Demand for pot edibles such as gummies has risen during the pandemic, as people stuck at home turn to cannabis-related products […] Read more
Is the long-predicted boom for the hemp sector nearly here?
Hemp is versatile and has lots of boosters, but it’s never been more than a niche crop on the Prairies
Reading Time: 4 minutes The hemp industry on the Prairies is slowly making strides and many believe — once again — that the sector is poised to boom. “We believe there’s a strong case for hemp in the world,” said Andrew Potter, CEO of Blue Sky Hemp Ventures, a company incorporated in Calgary but based in Saskatoon. Potter, whose […] Read more
Cannabis firms catch whiff of opportunity in Brazil
Canadian producers among those now supplying Brazilian market
Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated […] Read more
Hemp poised for year of gains
Nationwide increase in acres expected
MarketsFarm — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association (CHTA) CEO Ted Haney. “It looks like we are looking at another 15 to 20 per cent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” he said. […] Read more
BAT looks beyond tobacco to Canadian marijuana
Lucky Strike cigarette maker buys into Moncton's Organigram
Reuters — British American Tobacco (BAT) said Thursday it will buy a nearly 20 per cent stake in New Brunswick-based cannabis producer Organigram for about 126 million pounds (C$221.3 million) as it seeks to expand beyond its main tobacco business. Organigram, headquartered at Moncton, grows cannabis and makes cannabis-derived products in the Canadian market, where […] Read more
Cannabis-infused drinks fizzle on production, distribution challenges
'Actually executing the idea is much more difficult'
Reuters — Investors pinning hopes on cannabis-infused drinks to propel growth of the legal marijuana industry may have to wait a bit longer, as companies struggle to produce and distribute the highly-sought beverages in a profitable way. Nearly 11 months after regulators allowed their sales, very few brands have been able to reach shelves. Canada […] Read more
Canopy Growth may face challenges offloading assets, CEO says
Reuters — Canada’s biggest cannabis producer, Canopy Growth Corp., could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its CEO told Reuters. The company, which reported a smaller-than-expected third-quarter loss on Friday, is conducting a “thorough strategic review” of its production facilities […] Read more
For many U.S. farmers who planted hemp, CBD boom leaves bitter taste
Reuters – Dan Maclure planted eight acres of hemp on his Vermont farm for the first time this year, aiming to cash in on the exploding demand for CBD, a derivative of the plant reputed to ease anxiety and other ills without the high of its close cousin, marijuana. He persevered when some of his hemp plants grew white […] Read more
Vape product concerns weigh on cannabis companies
Toronto | Reuters — A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability. The U.S. Centers for Disease Control and Prevention (CDC) said […] Read more
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