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Canopy enters U.S. consumer market with new CBD brand

Cannabis Law Report

based company plans to sell softgels, oil drops, and topical cream products, according to the company’s website. CBD market comes shortly after the country’s Food and Drug Administration issued a statement last month that it cannot conclude the cannabis compound’s safety in human or animal food products. billion by 2022.

CBD 59
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HempFusion Closes Acquisition of Apothecanna

Cannabis Law Report

In addition to FDM and e-commerce, the Transaction provides added distribution channels, increasing HempFusion’s 5 channel strategy to 6 channels and bolstering topical product distribution sales. Robust eCommerce platform drives over 17,000 average monthly sessions, and nearly $2.0 Chief Executive Officer of HempFusion. “We

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Senators Call For Report On State Of Psychedelic Research

Cannabis Law Report

Celebrated author Michael Pollan has published two bestselling books on the topic: How to Change Your Mind and This is Your Mind on Plants. The complex regulatory challenges around researching controlled substances have been a hot topic in recent years because of interest around medical marijuana. 1] Letter from Sens. 2] David E.

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Canopy Growth posts CA$1.7 billion annual loss

Cannabis Law Report

Remains on track to achieve positive Adjusted EBITDA during the second half of FY 2022. opportunities in Fiscal 2022.” In Q1 2022, Canopy has expanded its portfolio of THC beverages with Tweed Iced Tea beverages (available in lemon and raspberry flavors, both with 5 mg THC) now shipping. Net revenue. Adjusted EBITDA 3.

Data 95
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HempFusion Provides Corporate Update, Revenue Guidance

Cannabis Law Report

Sagely Naturals”), (together the “Acquisitions”) for fiscal 2021 and 2022. million in fiscal 2021 and USD$20 million to $25 million in fiscal 2022 due in large part to the Company’s expansion plans over the next 18 months and beyond. million in revenue. million and $13.5 pull week ending 5/22/21)]. “I

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Alaska Rep. Don Young Pens Letter to President Biden About Cannabis

Veriheal

Despite the restrictions on research as a result of the Schedule I classification of cannabis, researchers have made many remarkable strides in proving the efficacy and safety of cannabis on the aforementioned conditions. . While Biden is receiving a lot of heat as a result of his inaction, many feel it is deserved.

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IME West Returns to Anaheim this April, Connecting the Advanced Manufacturing, MedTech, Robotics, Packaging, and Plastics Communities

Cannabis Law Report

The introduction of keynotes speakers, which are free to attend for all event participants, supports the industry’s need for high-level education and forward-looking insights addressing timely topics such as collaborative robotics in the workforce and supply chain challenges. Health and Safety.