Cannabis News Box

FDA issues warning letters to three CBD companies for making COVID-19 claims

FDA issues warning letters to three CBD companies for making COVID-19 claims

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 14, 2020

Three warning letters have been sent to CBD companies from the Food and Drug Administration (FDA). This is not the first time that the Agency has issued warnings to companies for making unsubstantiated health claims; 15 companies also felt the heat in November of last year. However, it is the first ti...

Cannabis-derived epilepsy medication eliminated from controlled substances list by DEA

Cannabis-derived epilepsy medication eliminated from controlled substances list by DEA

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 14, 2020

A cannabis-derived pharmaceutical drug called Epidiolex has officially been banished from the U.S. Drug Enforcement Administration's (DEA) list of controlled substances. The medicine, which is FDA-approved, is the creation of GW Pharmaceuticals. Headquartered in the United Kingdom, the British company is ...

Majority of U.S. cannabis companies not included in $2 trillion coronavirus stimulus package

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 14, 2020

Cannabis companies may not have been the hardest hit by the COVID-19 pandemic, but they also won't be granted federal funding from the $2 trillion stimulus package — the Coronavirus Aid, Relief and Economic Security Act (CARES). As the economy nosedives in the United States, members of Congress and Presid...

Study findings suggest that cannabis legalization boosts property prices

Study findings suggest that cannabis legalization boosts property prices

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 7, 2020

Recent studies into the economic impact of cannabis legalization have uncovered increases in hotel revenue, job growth and now, according to new analysis from a team of economists at the University of Oklahoma, property prices. Based on their findings, house valuations climbed the most when a cannabis retail out...

Former NFL player Kyle Turley claims cannabis has transformed his family’s life

Former NFL player Kyle Turley claims cannabis has transformed his family’s life

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 3, 2020

Kyle Turley, the National Football League's former offensive tackle player, is one of numerous existing/previous NFL players who support the use of medical cannabis for pain relief. During a recent interview with USA Today, the 44-year-old cannabis advocate claimed that the green plant immensely transformed his life for ...

Data firm says U.S. cannabis market sales have topped $13.6 billion

https://insideyourira.com/investing-in-marijuana-stocks/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 30, 2020

Sales of legal cannabis in the United States are on an upward incline. New Frontier Data – a Washington-based company that aims to provide transparency for the legal cannabis market through providing industry participants with up-to-date data and analysis – recently published a report on U.S. can...

Mexican Senate preparing to vote on bill that would regulate cannabis and hemp the same

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 30, 2020

Mexico is stepping into green territory, as it prepares to legalize cannabis and hemp; the Mexican Senate is reviewing the North American country's most recent cannabis legalization initiative, which has already gained approval from the body’s commissions on health, justice and legislative studies...

Coronavirus and cannabis: China’s supply shutdown is impacting vape businesses and events

https://www.traverseticker.com/news/first-coronavirus-cases-confirmed-in-michigan/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 16, 2020

Cannabis companies are feeling the sting from the Coronavirus (COVID-19) pandemic, which could kill as many as 200,000 to 1.7 million people around the world. Since a significant volume of vaporizer hardware is produced in China, companies are struggling to stock up on essential goods; investors are backi...

FDA presents Congress with eagerly anticipated CBD regulatory framework

FDA presents Congress with eagerly anticipated CBD regulatory framework

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 16, 2020

A press release was issued to the general public by the U.S. Food and Drug Administration (FDA) on Thursday, March 5. Included in the release was a CBD regulatory update addressed to Congress. The update has been long-awaited by everyone involved in the budding market, which is estimated to reach $2...

Recreational cannabis sales in Illinois top almost $35 million in February

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 16, 2020

January was a successful month for Illinois, which reaped revenue close to the amount of $40 million during its first official month of legal sales. February was also a successful month in regards to adult-use cannabis sales in Illinois, despite the fact that revenue was $5 million less than the month ...

Canopy Growth shares drop after company dismisses 500 workers

https://internationalcbc.com/big-alcohol-invests-in-cannabis-company-canopy-growth/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 13, 2020

The repercussions of Canopy Growth Corp. eliminating 500 members of its workforce are being felt by pot stock investors and traders; on Thursday, March 5, shares sunk by four percent. Canopy's plummeting shares were to be expected, considering the fact that the Canadian cannabis company recently annou...

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