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Canada: Predictions for a $1-Billion Hemp Industry
August 12th, 2017 – A Vegreville Alberta research centre is on the cutting edge of a booming Canadian hemp industry one scientist predicts will be worth $1 billion annually within a few years. That’s roughly five times the industrial hemp industry’s current approximately $200-million value, but InnoTech Alberta’s Jan Slaski says the business is poised…
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Study Finds Patients Swapping Pharma Drugs for CBD
August 5th, 2017 – The largest survey on cannabidiol or CBD usage to date found that women were more likely than men to use CBD and once they started using it, were likely to drop their traditional medicine. A new survey from Brightfield Group and HelloMD covered 2,400 of HelloMD’s community of 150,000 members and did…
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Aurora Cannabis to make Strategic Investment in HempCo
July 31, 2017 /CNW/ – Aurora Cannabis Inc. announced that it will make a strategic investment in Hempco for an ownership stake of up to 19.9% on a fully diluted basis, subject to applicable regulatory approvals. Hempco is one of the world’s largest producers of industrial hemp products, and currently offers three primary product lines:…
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CBD Consumer Market Expected To Reach $2.1 Billion By 2020
July 20th, 2017 -A recent report by the Hemp Business Journal predicts that the CBD consumer market will grow to $2.1 billion by 2020, with $450 million of those sales coming from hemp-based sources. Some experts have even higher expectations the CBD market, such as Matt Karnes of Greenwave Advisors, who predicts the CBD market…
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Jeff Sessions Seeks to Prosecute Medical Cannabis Dispensaries
June 13th, 2017 – Attorney General Jeff Sessions recently submitted a letter asking certain members of Congress to remove federal protections that prevent the Department of Justice from cracking down on medical marijuana patients, cultivators and dispensaries that are in line with state laws. Under the Rohrabacher-Farr amendment, which passed in 2014 and was recently renewed…
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Chilean Pharmacies start selling Medical Cannabis
June 8th, 2017 – Chile has become the first country in South America to sell cannabis-based medicines at pharmacies. The pilot program was launched yesterday at two pharmacies in capital Santiago, which will sell the T100 and TC100 chronic pain-relief medicines made in Canada. It is the first time such treatments have been offered by drug…
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Rigorous Study Shows CBD Reduces Epileptic Seizures in Children
May 31st, 2017 – Medical researchers have confirmed what some desperate parents have been claiming for years—that a nonpsychoactive component of marijuana known as cannabidiol (CBD) can reduce epileptic seizures in some children. Published in The New England Journal of Medicine, the findings stem from a double-blind, placebo-controlled study—the most scientifically rigorous type of investigation possible.…
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Kentucky University Researches Hemp BioFuel Potential
May 17th, 2017 – The University of Louisville’s Conn Center for Renewable Energy is planting more hemp this year at the school’s Belknap Campus. This is officially the center’s second hemp crop — the first was planted last August and yielded a few dozen pounds of plants. This year, there will be two different varieties of…
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Israel: Public use of Cannabis Oil & Vapor to be Allowed
May 15th, 2017 – New medical marijuana rules in Israel will allow patients to consume cannabis as an oil or vapor in public and will reduce wait times for patients to receive authorization to use and possess medical marijuana, according to a report from Jerusalem Online. Israeli Health Minister Ya’akov Litzman Israel is a leader…
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Canada Announces Cannabis Legalization Legislation
April 13th, 2017 – Today the government of Canada announced legislation to legalize recreational cannabis by July 1st, 2018, with the aim to improving public safety and reducing the negative social impacts of prohibition. Taking direction from the Cannabis task force report delivered last December, the new law will allow Canadians to purchase and carry…