Business briefing
LATEST ALERTS
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Australia Research looks at opportunities for growth in cannabis sector… - Italy Vague decree on medical cannabis enters into force…
- Argentina Framework for hemp and medical cannabis in effect…
- Costa Rica Full regulation still awaited as licence requirement ends…
- California - United States Vets may be allowed to recommend cannabis for pets…
- California - United States Labelling and packaging bill moves forward…
- Connecticut - United States State’s cannabis rules amended…
- Rhode Island - United States Recreational cannabis possession and sale legalised…
- United States - Vermont CBD and delta-8 control placed in cannabis board hands…
- Canada Cannabis products recalled over inaccurate labels…
- Rhode Island - United States Bills to legalise recreational cannabis passed…
- New York - United States Arrests made over delta-8 sales…
British CBD marketplace Mellow ready to take on the US while expanding at home
Written by CBD-Intel || 23rd December 2021 || Business briefing |
The acquisition of Mellow by US cannabis and CBD investment firm Thought Leaders will position the UK-based CBD marketplace to open in the US and bolster its position in Asia ...
Omura to take its heated Flowersticks international, starting in Switzerland
Written by CBD-Intel || 21st December 2021 || Business briefing |
The US-based heat-not-burn (HnB) hemp company Omura will announce a new set of target country markets in the first quarter of 2022, starting with Switzerland as a bridge into Europe ...
African countries legalise cannabinoids to help revive flagging economies
Written by CBD-Intel || 17th December 2021 || Business briefing |
Many ailing African economies are turning to hemp and cannabis cultivation. In some cases this is to replace declining tobacco businesses. But many still face economic challenges as well as local opposition ...
USPS non-delivery rule on CBD vapes ‘isn’t affecting anything’ – or is it?
Written by CBD-Intel || 16th December 2021 || Business briefing |
One major CBD retailer says the US Postal Service’s decision to stop shipping CBD vaping products isn’t affecting his business at all – because he isn’t complying ...
Cannabis companies go on acquisition spree for US stores and tech companies
Written by Lorraine Mullaney || 15th December 2021 || Business briefing |
Cannabis firms continued to expand their footprint through to the end of 2021, with the lucrative US market being the strategic focus of many acquisitions, covering retail chains and tech companies ...
UK health trust teams up with Awakn to investigate psychedelic treatment
Written by Lorraine Mullaney || 13th December 2021 || Business briefing |
The UK’s National Health Service (NHS) has expressed some interest in the viability of psychedelics as a course of treatment ...
Growing investor interest sparks more funding for psychedelic clinical trials
Written by Lorraine Mullaney || 10th December 2021 || Business briefing |
The potential of psychedelics to treat a range of mental health conditions continues to attract increasing levels of funding for clinical trials as firms work towards bringing them into mainstream medical use ...
What do Luxembourg and Malta’s legal cannabis plans mean in practice?
Written by Freddie Dawson || 9th December 2021 || Blog , Business briefing |
Will proposed plans to legalise recreational cannabis in Luxembourg and Malta change much in terms of EU business? ...
Novel food process ‘has trapped Britain’s CBD industry in a frustrating limbo’
Written by CBD-Intel || 2nd December 2021 || Business briefing |
A market that cannot innovate stagnates – and that is exactly what is happening with CBD in the UK because of delays in the novel food application process which mean companies cannot introduce any new products ...
Why are specialist vape retailers around the world turning away from CBD online?
Written by Freddie Dawson || 17th November 2021 || Blog , Business briefing |
More and more vape specialists appear to be moving away from selling CBD vaping products, according to online market data produced by CBD-Intel ...
Multi-million, multi-state M&A deals as cannabis dispensaries spread across US
Written by Lorraine Mullaney || 17th November 2021 || Business briefing |
As the market for medical cannabis goes on growing, dispensaries continue to drive merger and acquisition activity in the US as multi-state operators invest millions of dollars in expanding their retail footprint ...
Couche-Tard tipped for a big future in US CBD retail through its Circle K stores
Written by CBD-Intel || 11th November 2021 || Business briefing |
It owns one of North America’s biggest chains of convenience stores and fuel stations – now Alimentation Couche-Tard may have the potential to become one of its foremost providers of cannabis and CBD ...
eBay prepares to take on Amazon with the launch of UK trial of CBD sales
Written by Freddie Dawson || 10th November 2021 || Blog , Business briefing |
eBay is set to launch a CBD trial, sources tell CBD-Intel. The internet marketplace that built its name as an auction site is said to be anticipating a November start for its UK...
Two studies seek to show the benefits of cannabinoids for liver health
Written by Lorraine Mullaney || 5th November 2021 || Business briefing |
A research team at the University Medical Center Groningen (UMCG) in the Netherlands recently launched a three-year study into whether medicinal cannabis oil can help to regress liver-cancer tumours ...
Concerns arise as Italian study finds pesticides and metals in hemp flowers
Written by CBD-Intel || 29th October 2021 || Business briefing |
Another study, this time from Italy, has found potentially dangerous levels of heavy metals and pesticides in CBD products. Researchers were worried by the results and asked regulators and legislators to act ...
Secondary concerns a growth area as US firms buy into cannabis industry services
Written by Lorraine Mullaney || 26th October 2021 || Business briefing |
The economic tide flowing for cannabis continues to float businesses in the US in secondary areas such as cultivation systems and delivery services too ...
Canadian firm Flora Growth picks Colombia for its cannabis production
Written by CBD-Intel || 22nd October 2021 || Business briefing |
Toronto-based Flora Growth believes increasing legalisation will eventually lead to cannabis becoming a commodity much like any other crop, and has chosen to focus much of its cannabis production in Colombia ...
Brazilian report highlights theoretical growth but small current numbers
Written by CBD-Intel || 22nd October 2021 || Business briefing |
Interest in the Brazilian medical cannabinoid market is based on optimistic projections of growth continuing in the same vein rather than concrete current numbers, a domestic report has confirmed ...
Cannabis dispensaries tempt investors into multimillion US acquisitions
Written by Lorraine Mullaney || 21st October 2021 || Business briefing |
US cannabis dispensaries are attracting significant interest from investors and several multi-million dollar deals have been agreed as operators expand their footprint into new states ...
CBD suppliers to US risk being shut out by online credit card processors
Written by Freddie Dawson || 20th October 2021 || Business briefing |
Ambiguous messages about where CBD companies will ship to in the USA may result in risk-averse online payments processors refusing to deal with them, says a speakers at the upcoming USA-CBD Expo in Chicago ...
Potential for psychedelic treatments prompts big North American buyouts
Written by Lorraine Mullaney || 15th October 2021 || Business briefing |
Interest in psychedelic drugs and treatments continues to grow, as evidenced by three major takeovers in Canada and the USA, two involving drug treatments developments and another offering a network of ketamine infusion treatment centres ...
Charlotte’s Web new dietary ingredient application did include ValidCare data
Written by Freddie Dawson || 14th October 2021 || Blog , Business briefing |
It turns out the Charlotte’s Web application to the US FDA for the registration of a full spectrum hemp extract as a new dietary ingredient (NDI) DID include data from the ValidCare industry study ...
Personal mental health histories lead to investments in psychedelics research
Written by Lorraine Mullaney || 12th October 2021 || Business briefing |
Two North American entrepreneurs have put millions of dollars into exploring the treatment efficacy of psychedelics, based on personal experience of using them to help deal with their own mental health issues ...
High Tide enters UK market with £9m purchase of Scotland’s Blessed CBD
Written by Freddie Dawson || 11th October 2021 || Business briefing |
The Canadian cannabis retailer High Tide has made a move into the UK CBD sector by purchasing 80% of the Scottish CBD company Blessed CBD for just over £9m ...
German medical cannabis imports rise but no sign of domestic production yet
Written by CBD-Intel || 8th October 2021 || Business briefing |
German imports of medical cannabis flowers rose by 80% in the first half of 2021 compared to the same period of 2021, but hopes of establishing local production were...
Thailand expecting massive returns from economic zone cannabinoid pilot
Written by CBD-Intel || 8th October 2021 || Business briefing |
Thailand’s government is allowing farmers in the country’s Eastern Economic Corridor (EEC) to use 10,000 rai of undeveloped land to grow cannabis, hemp, and other medicinal herbs to help boost the economy and farmer's standard of living ...
Zimbabwe fails to live up to its cannabis ambitions as licences lie dormant
Written by CBD-Intel || 6th October 2021 || Business briefing |
Zimbabwe wants to be a big player in the African cannabis industry, but the country is failing to meet its initial ambitions because only a few licensed companies are active ...
From craft beer to coffee, patience is a virtue in cannabinoid beverages
Written by Lorraine Mullaney || 4th October 2021 || Business briefing |
Patience continues to be the watchword when it comes to innovation in the cannabinoid beverage space. Developments continue but companies appear willing to take their time to enter the market as regulation loosens ...
Gloomy US outlook for CBD production as regulatory uncertainty strangles farms
Written by CBD-Intel || 30th September 2021 || Business briefing |
A lack of regulatory clarity is the primary reason behind a predicted dramatic fall in hemp acreage dedicated to the production of CBD in the US ...
Grow Group hits its crowd-funding target inside an hour – and keeps on going
Written by Lorraine Mullaney || 28th September 2021 || Business briefing |
A UK cannabis firm reached its minimum crowd-funding target of £3.2m ($4.4m) in just one hour. And the investment keeps on coming ...
Why do cannabis black markets persist in US states where recreational use is legal?
Written by CBD-Intel || 27th September 2021 || Business briefing |
Although many point to tax rates driving legal prices higher than those on the illicit market, access plays a bigger role than price in the survival of cannabis black markets, according to experts ...
Finnish company seeks €3m Series A funding as organic mushrooms grow fast
Written by Freddie Dawson || 24th September 2021 || Business briefing |
A Nordic company making functional ingredients from mushrooms is looking for €3m in Series A investment in order to scale up its production capacity to meet demand ...
US DEA calls for big increases in cannabis and psilocybin production for research
Written by Lorraine Mullaney || 23rd September 2021 || Business briefing |
The US Drug Enforcement Agency (DEA) is calling for an increase in production of cannabis and psychedelics to supply federal research and clinical trials ...
Jane Technologies raises $100m to keep rolling out cannabis e-commerce
Written by Lorraine Mullaney || 22nd September 2021 || Business briefing |
A plan to solve issues with cannabis e-commerce has attracted investors to the tune of around $130m in total ...
Lidl has a change of heart, removing edible hemp products from its shelves
Written by CBD-Intel || 21st September 2021 || Business briefing |
Discount supermarket chain Lidl has removed foods containing hemp from its stores in Germany, Ireland and the Netherlands amid concerns that the products contain excessive levels of THC ...
GenCanna’s latest white label purchase deepens penetration of UK and Europe
Written by Freddie Dawson || 15th September 2021 || Business briefing |
GenCanna continues to bet on the future of UK bulk and white label CBD products with the purchase of another company specialising in those areas ...
NFL vet claims orange-peel CBD ‘purer’ than cannabis or hemp-derived products
Written by CBD-Intel || 13th September 2021 || Business briefing |
NFL veteran Chris Hetherington has launched a CBD oil derived entirely from orange peel, describing it as “crystalline CBD at a purity and consistency difficult to match with cannabis or hemp-derived material” ...
TerrAscend expands into Michigan with $545m purchase of Gage Growth
Written by Lorraine Mullaney || 10th September 2021 || Business briefing |
A $545m deal to buy the company Gage Growth will give North American cannabis operator TerrAscend access to the cannabis market in the US state of Michigan ...
Audacious move as pain relief cream mixes it with the men who ride bulls
Written by Freddie Dawson || 9th September 2021 || Business briefing |
The makers of a new CBD pain relief cream – mixed with an actual local anaesthetic – are bullish about their prospects of a sales boost from an endorsement deal with one of the most painful professional sports...
Beverage brands still searching for the right solution to their drink problem
Written by CBD-Intel || 9th September 2021 || Blog , Business briefing |
CBD beverages continue to be a popular niche sub-category for producers, with brands still experimenting and bringing out new variations. Some significant regulatory concerns remain for the mid/long-term. Neither the US, UK or EU has explicitly permitted CBD...
British chef brings two-star Michelin expertise to US CBD beverage market
Written by Lorraine Mullaney || 6th September 2021 || Business briefing |
Two-star Michelin expertise is coming to the US CBD sector with the advent of a new CBD beverage with flavours developed by British chef Michael Caines ...
Horse sense or dog trial? The science and law behind CBD petcare products
Written by CBD-Intel || 1st September 2021 || Business briefing |
CBD pet products remain in a grey area in terms of both legality and effectiveness – but there have been some attempts in both to shed light into the darkness ...
Growing cannabis drinks market may be a case of keeping up with the Joneses
Written by Freddie Dawson || 27th August 2021 || Business briefing |
Cult favourite Jones Soda will enter the US cannabis beverage market, while an Oklahoma firm’s new beverage launch looks well positioned to capitalise on any move to a recreational market in the state ...
‘Transcendental change’ as president opens up Colombia to flower exports
Written by CBD-Intel || 26th August 2021 || Business briefing |
“Today, Colombia eliminates the prohibition of dried flower exports,” president Iván Duque said. “This means that Colombia will enter and participate in the international market in a big way.” ...
The entourage effect: new studies could help to explain the phenomenon
Written by CBD-Intel || 18th August 2021 || Business briefing |
Two new studies on the biochemistry of cannabinoids could provide answers to a puzzling question – how does the entourage effect work? ...
What lies behind the CBD industry’s continued interest in the field of nicotine replacement?
Written by CBD-Intel || 11th August 2021 || Blog , Business briefing |
A new study has shown some limited effectiveness for the use of CBD in combatting nicotine withdrawal symptoms ...
Test-tube cannabinoids: scientists seek alternatives to agricultural production
Written by CBD-Intel || 11th August 2021 || Business briefing |
New methods for laboratory production of cannabinoids show some promise – but it’s still not clear whether they will yield enough to be commercially viable ...
Investor funding drives company growth and increases cannabis research
Written by Lorraine Mullaney || 11th August 2021 || Business briefing |
New funding raised from investors will propel cannabis company expansion and research ...