Forbes • 27th September 2022

Australian Greens Aim To Legalize Recreational Cannabis By 2023

Australian Greens announced a plan to legalize cannabis in the country by 2023. New South Wales (NSW) Senator David Shoebridge announced on Twitter on Monday, September 26, that he has obtained legal advice showing that the Greens could pass a bill to legalize adult-use cannabis at the national level. "All state legislation criminalizing its legal use, possession, and sale could be overridden. We could legalize cannabis across the country this year!" he tweeted. According to an explainer publ

Forbes • 21st September 2022

Report: Over 27 Million Pounds Of U.S. Legal Marijuana Industry Will Be Cultivated By 2030

U.S. medical and adult-use cannabis markets have been growing in recent years as new states are increasingly regulating the sale of legal products for medical and recreational use. In such a scenario, cannabis cultivation plays an important key role in the market as it aims to guarantee the excellence of the products. In order to understand the future trends of cannabis cultivation in the U.S., cannabis data company New Frontier Data recently published a report that aims to explore several iss

Forbes • 19th September 2022

Inside The Largest Ever Independent Cannabis Study In The UK

Earlier this month, UK's King's College of London launched Cannabis & Me, a scientific study into the effects of cannabis on mental health, considered the largest cannabis study of its kind. The study, which aims to involve 6,000 participants, will research environmental and biological factors behind the different effects of cannabis consumption on the human brain and provide information to physicians in the UK and across the world for prescribing cannabis safely. The Medical Research Council

Forbes • 16th September 2022

New Report Gives Insight Into Hemp-Derived THC Consumers

Since 2020 hemp-derived THC products have gained popularity in the United States. Many consumers consider psychoactive hemp-derived cannabinoids less intoxicating than adult-use cannabis. Hemp-based products, such as delta-8 THC, delta-10 THC, THC-O, HHC, or non-intoxicating CBD, are not regulated. But as they are not illegal at the federal level, psychoactive hemp-based products are widely used by those living in U.S. states that have not legalized adult-use cannabis sales. The 2018 Farm Bi

CBD-Intel • 12th September 2022

Where the parties stand on cannabis ahead of Italian elections this month

Italian citizens have been called to vote in general elections on 25th September to elect a new Parliament following the resignation of prime minister Mario Draghi on 21st July. Polls currently show a broadly right-wing coalition as the favoured bloc for forming the next government, with many reporting a lead of around 20%. ... Do you want to read more? The data or analysis report you have tried to access is restricted to our subscribers. We invite you to take a free trial below where you will

Forbes • 7th September 2022

A New Study Debunks The 'Lazy Stoner' Stereotype

In the 1930s, the U.S. war on drugs' propaganda depicted people who used cannabis as potential violent criminals. Cannabis was, in fact, portrayed as the trigger behind a series of heinous crimes. In the same period, several propaganda films, such as 'Reefer Madness' and 'She Shoulda Said No!', backed up this theory and negatively influenced the general opinion on cannabis users. Successively, the entertainment industry made us think of cannabis users as scruffy, lazy potheads, creating the s

Forbes • 29th August 2022

Nearly 60% Of CBD Products Are Mislabeled, A New Study Finds, With Some Containing Heavy Metals

The findings of a new study show that nearly 60% of CBD products marketed in the United States don't match the percentage of CBD advertised on products' labeling. Furthermore, researchers have detected the presence of lead, mercury, arsenic, cadmium, phthalates, and other heavy metal concentrations in edible CBD products. Published in The Science of the Total Environment journal this month, the study aimed to assess the degree of contamination in CBD products and their label accuracy to better

Forbes • 23rd August 2022

Switzerland To Launch Europe's First Cannabis Sales Pilot Program

Switzerland is to become the first European country to launch a cannabis sales pilot program to study the effects of cannabis legalization. The so-called "Weed Care" pilot program will be officially launched on September 15 and is scheduled to last for two and a half years, ending in March 2025. Participants involved in the pilot program are over 18, reside in Basel-Stadt Canton, and are already adult-use cannabis consumers. Throughout the entire study, the participants will be regularly aske

Forbes • 16th August 2022

Hong Kong To Crack Down On CBD Products

Hong Kong is moving towards cracking down on the unregulated market of CBD, targeting businesses specializing in CBD-infused drinks and other products by the end of this year. A government proposal unveiled in June aims to bring CBD under control as a dangerous drug by including the substance in the First Schedule to Dangerous Drugs Ordinance (DDO). As a result, CBD will be scheduled as a dangerous drug in Hong Kong. Authorities will implement the ban on the manufacture, import, export, suppl

Forbes • 15th August 2022

Adult-Use Cannabis Legalization Reduces Use Of Synthetic Cannabinoids, New Study Finds

Harmful exposure to synthetic cannabinoids occurs less in those U.S. states where adult-use cannabis is legal, according to a new study that shows some potential public health benefits to legalizing adult-use cannabis. Researchers who published a study in the Journal of Clinical Toxicology last week found that adult-use cannabis legalization has benefits in reducing both motivations and harms associated with the use of synthetic cannabinoid products. They estimated that synthetic cannabinoids

Forbes • 3rd August 2022

How The 2023 Farm Bill May Reshape The Hemp Industry

Since former U.S. President Donald J. Trump signed the 2018 Farm Bill that legalized hemp at the federal level, the hemp industry seems to have flourished all over the country. The United States Department of Agriculture (USDA) estimated that the total value of hemp production is worth $824 million in 2021. The demand for CBD-based products has driven the industry's production and sales, despite the U.S. Food and Drug Administration (FDA) has not yet allowed CBD in foods, beverages, or dietary

CBD-Intel • 1st August 2022

Swiss CBD company takes issue with EFSA’s delay of novel food applications

A Swiss CBD company has questioned the approach of European authorities in demanding further data in order to advance novel food applications, describing it as an issue that might signal the end of hemp-extracted cannabinoids as a viable sector in the EU. Linnea, a Swiss provider of ingredients for the pharmaceutical, cosmetics, and dietary supplement industries, has two applications now on hold with the European Food Safety Authority (EFSA). ... Do you want to read more? The data or analysis

Forbes • 27th July 2022

Switzerland Fully Legalizes Medical Cannabis And Allows Export

Switzerland is to join other European countries that have legalized cannabis for medical purposes. From August 1, patients can get medical cannabis through a medical prescription. Before the new legislation, medical cannabis patients had to request a request to the Federal Office of Public Health (FOPH), the Swiss federal government’s center for public health. The legalization also allows the export of medical cannabis for commercial purposes through the authorization companies need to reques

Forbes • 25th July 2022

JuicyFields’ Alleged Ponzi Scheme May Be The Biggest Scam In The Cannabis Industry

A cannabis investment platform operating worldwide promised high returns to invest in cannabis plants cultivated by top cannabis industry giants. Many so-called “e-growers” joined the company and invested in the cannabis crowdfunding platform. But recent investigations suggest the company may have scammed hundreds of thousands of investors, running off with millions of dollars deposited in the company’s bank accounts through bank deposits and cryptocurrencies. Here is what you need to know ab

Forbes • 16th July 2022

Former NBA Star Al Harrington Partners With NBPA To Launch CBD Product Line To Be Sold By Amazon And Walmart

The National Basketball Players Association (NBPA) announced on July 12 a multi-year partnership with Re+Play, a performance-based CBD wellness brand launched in 2021 by Harrington Wellness, a company founded by former NBA player Al Harrington, in partnership with Avicanna, a biopharmaceutical company focused on the development of plant-derived cannabinoid-based products. The first product release from this new partnership will be a line of proprietarily formulated recovery creams developed in

Forbes • 11th July 2022

Albania May Legalize Export-Only Medical Cannabis And Industrial Hemp

Albania may join the list of European countries that legalized the cultivation of medical cannabis and industrial. However, cultivation, production, and trade will be destined to export only. The Albanian government announced on Thursday, June 30, the plan to legalize the cultivation of medical cannabis and industrial hemp for companies that have such experience in European countries. The draft law establishes a national agency for the control and monitoring of the cultivation and processing o

Forbes • 11th July 2022

New York Regulators' Battle On Shutting Down Recreational Cannabis Unlicensed Retailers

New York cannabis regulators came back to crack down on unlicensed retailers, sending on Thursday, July 7, cease-and-desist warning letters to 52 unlawful businesses across the state. According to New York's Office Cannabis Management (OCM), the unlicensed merchants falsely depict their operations as legal cannabis dispensaries. However, they are not licensed by New York State and are selling untested products that put public health at risk. In a press statement, Tremaine Wright, Chair of New

Forbes • 27th June 2022

Inside The Process To Legalize Recreational Cannabis In Germany

When the German government announced in late 2021 its plan to legalize recreational cannabis sales in Germany, experts and cannabis enthusiasts put great expectations on the so-called "traffic light" government's plan to regulate the industry. Although Germany and other European countries focused in recent months on the war in Ukraine following the Russian invasion in February and the resulting efforts to detach themselves from Russian energy dependence, German officials had time to speed up th

Forbes • 22nd June 2022

Cannabis May Treat Fatigue, Study Suggests

Fatigue is a feeling of constant tiredness or weakness. It can affect our body or mind or a combination of both. Fatigue can affect anyone and for the most different reasons. A study conducted in 2011 says that the prevalence of fatigue in the general population has been reported to range from 7% to 45%, and another study found that 38% of US workers reported being fatigued. Several factors that work in combination can cause fatigue, including medical conditions, unhealthy lifestyle choices, w

Forbes • 13th June 2022

Spain May Legalize Medical Cannabis, But It Won't Relieve Patients' Suffering

Spain may soon legalize cannabis for medical purposes, but associations and experts claim it won't change the current situation. On May 30, the Spanish Socialist Workers' Party (PSOE) introduced a bill to legalize medical cannabis in the country. According to the bill, patients can access medical cannabis in hospitals' pharmacies to treat chronic pain from multiple sclerosis, some forms of epilepsy, and chronic non-cancer pain through medical prescriptions from specialists. Although the bill