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Press Release: This is the FIRST Public Psychedelics Company to Notch a Patent for Extracting Natural Psilocybin

Cannabis Law Report

To support its mission, the company has a robust portfolio of extraction and purification methods, a botanical extraction management team, a Health Canada psilocybin Dealer’s License, and in-house GMP manufacturing capabilities. We are proud to lead the industry with this first issued natural extraction patent.

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The Legal Status of Cannabis for Animals

Project CBD

For years, hemp companies have been producing CBD rich extracts and marketing them for animals and humans. This is why you often see terms like “phytocannabinoids rich extract” and “hemp extract” on products rather than the term “ CBD.”. Hemp is defined as cannabis that naturally produces less than 0.3% Related story.

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Virginia Announces New Policy Allowing the Production of Hemp Extracts

Cannabis Law Report

Under a new policy announced by the Northam Administration, the Commonwealth of Virginia will soon officially authorize hemp processors to produce hemp extracts for human consumption. VDACS will soon issue, through its food safety program, rules for hemp processors to follow when producing hemp extracts.

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CRN Denounces FDA Rejection of New Dietary Ingredient Notifications for Hemp Extract Containing CBD, Urges Congress to Act

Cannabis Law Report

The following is a statement from CRN President & CEO Steve Mister: “CRN is extremely disappointed to learn that FDA rejected NDI notifications for full-spectrum hemp extract containing CBD submitted earlier this year by supplement manufacturers Charlotte’s Web and Irwin Naturals. In December 2019, CRN and FDA met to discuss these issues.

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The Ultimate Guide to Rick Simpson Oil (RSO)

CannaMD

The article provides a comprehensive overview of Rick Simpson Oil (RSO), a celebrated cannabis extract known for its full-spectrum composition and potential therapeutic benefits. Developed by Rick Simpson after his personal health struggles, RSO has attracted both acclaim and skepticism.

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Article: HOW THE ASSOCIATED PRESS COLLECTED INFORMATION ON CBD VAPES

Cannabis Law Report

The cannabis extract CBD is marketed as a healing remedy that, unlike its cousin marijuana, doesn’t get users high. AP sought information about testing of spiked CBD from federal law enforcement as well as crime labs or other law enforcement authorities in all 50 states. Full article: [link]. AP sought U.S.

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Bloomberg Article: Federal Taxation of Cannabis Under Proposed Legislation

Cannabis Law Report

Cannabis would be taxed at 25% of the prevailing price of cannabis per-ounce for cannabis flower and per-milligram of THC for any cannabis extracts. The CAOA does not explain how the Treasury Department will determine the prevailing national price of cannabis flower on a per-ounce basis or per-milligram of THC for extracts.