Industry & Business

U.S. Hemp Association, Three New Members On Board, Takes Charge after Getting Elected

The (U.S.) Hemp Industries Association (HIA) elected three new board members and re-elected a fourth during elections held at the end of 2021. Newly elected to the board are: Lauren Graham, General Counsel, Beneficial Blends; Vanessa Snyder, Director of Business Development, Eurofins Food Chemistry Testing; and Christopher Ware, CEO, KCA Laboratories. Hermann in 5th term Anndrea Hermann of The Ridge …

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UK Set’s Up Clinical Trials to Examine Medical Cannabis as Treatment for Long COVID-19

A new UK-based trial will explore the potential of medical cannabis as a treatment for long covid. Australian medical cannabis company Bod Australia has been granted Clinical Trial Authorisation by the UK’s Medicines & Healthcare Products Regulatory Agency to study the effectiveness of medicinal cannabis on symptoms of long covid. The trial, which will be carried out in …

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Marijuana Hearings Called Off, Senate GOP Leader Redirects Conceded Bill

A House-passed bill to legalize medical marijuana in Kansas seems to be in jeopardy, with GOP Senate leadership moving the legislation out of a committee and into a different panel where it may sit in legislative limbo, resulting in the cancellation of hearings that were scheduled to be held this week. Advocates are concerned about …

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Georgia-Pacific’s NC Pulp Plant Acquired By Hemp Bast Manufacturer

A Canadian company that makes natural nonwoven fibers has bought a North Carolina plant from pulp-and-paper giant Georgia-Pacific. Bast Fibre Technologies Inc. says it plans to expand the Lumberton Cellulose factory from making wood-pulp-derived hygienic products such as tissues and toilet paper to also making similar products from hemp and flax. A purchase price was not disclosed …

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California Based Marijuana Companies Faces Major Supply-Chain Crunch

California marijuana companies – already facing labor shortages, high taxes and regulatory red tape – are now contending with supply-chain gridlock, forcing many to reassess and revamp procurement strategies as margins shrink. The constraints, which have gripped the global economy, are a combination of pandemic-fueled labor woes, shipping and product delivery delays as well as …

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Synthetic CBD Bound Effective for Patients Contracting For Covid-19: Canadian Research Suggests

More research saying cannabinoids may protect human cells from COVID-19 was released this week from scientists in Ontario working with synthetic CBD. Researchers at the University of Waterloo reported in a pre-peer-reviewed study that the synthetic CBD “appears to prime the innate immune system of cells, potentially offering protection against pathogens such as SARS-CoV-2,” the virus that …

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ConnectFirst Credit Union Sanctions $54 million Debt Capital In Favor Of Decibel Cannabis

Decibel Announces $54 Million Debt Refinancing with connectFirst, Increasing its Access to Debt by $20 Million CALGARY, AB, Jan. 14, 2022 /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce that it has entered into an amended and restated commitment letter with connectFirst Credit …

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Two Hemp-Based Compounds Shows Promising Results: Effective Against Covid-19 Virus

Two compounds present in industrial hemp show the ability to prevent the virus that causes covid-19 from entering human cells, according to researchers in Oregon. “These cannabinoid acids are abundant in hemp and in many hemp extracts,” said Richard van Breemen, a researcher with Oregon State University’s Global Hemp Innovation Center, College of Pharmacy and …

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US Marijuana Legalization In Question: 2022May Prove Dim, Banking Reform in Light

The federal marijuana reform landscape in 2022 is cloudy, with most national insiders doubting a comprehensive legalization bill will succeed just yet given the unfavorable political dynamics in Washington DC. Rather, if the U.S. marijuana industry is going to score legislative victories in Congress, they likely will be smaller but notable steps forward, such as …

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