Industry News

Canada: Seniors Showing Most Growth in Cannabis Usage

New data from the National Cannabis Survey (NCS) continue to show generational differences across various cannabis-related behaviors post-legalization. Canadians aged 65 and older are less likely to consume cannabis than younger Canadians, yet seniors are... more »

FDA Issues Consumer Warning on THC Vaping Products

As the U.S. Food and Drug Administration and Centers for Disease Control and Prevention investigate incidents of severe lung injuries and deaths associated with the use of vaping products, the FDA has issued a consumer... more »

CBD Producer Sues Hemp Seed Seller for $44M Loss

Lexington, Kentucky-based CBD producer Elemental Processing is suing Troutdale, Oregon-based HP Farms over hemp seeds that failed to produce as promised. Elemental Processing claims it was sold more than 6 million seeds that were male... more »

NSF International to Offer Testing, Certification for CBD, Hemp Products

Global public health organization NSF International will now provide a variety of independent testing, verification, auditing and certification services to manufacturers of consumer products containing hemp and hemp-derived cannabidiol (CBD). NSF subsidiary Quality Assurance International,... more »

US House Approves SAFE Banking Act

The U.S. House of Representatives has approved the Secure and Fair Enforcement (SAFE) Banking Act with a 321-103 vote. The bill, introduced by Rep. Ed Perlmutter (D-Colo.) with bipartisan support, was passed by the Financial... more »

$3M in Grants Awarded to CBD Research

Nine new research awards totaling approximately $3 million will investigate the potential pain-relieving properties in cannabis components such as CBD, particularly its role as an alternative for opioids. These awards are funded by the National... more »

Fyllo Raises $16 Million to Help Cannabis Brands Advertise

A Chicago-based startup has just raised $16 million in its first round of funding to help cannabis companies deliver industry-compliant ad campaigns. Founded this past April, Fyllo has created a marketing tech platform for the... more »

Cannabis-Related Job Postings on the Rise

According to Indeed.com. the number of cannabis-related jobs posted on its website have increased 600% since 2016. Indeed.com reports cannabis job postings on its site have risen from 231 per million in May 2016 to... more »

Report: U.S. MJ Sales May Triple to $30 Billion by 2023

Marijuana Business Daily recently published its 7th annual Marijuana Business Factbook, which details sale projections for the legal cannabis industry in the U.S. between 2018 and 2023. The report breaks down revenue projections into ranges;... more »

Rx Green Technologies CEO to Speak at MJBizCon Next

Wesley Matelich, chief executive officer of Rx Green Technologies, will join a panel discussion at MJBizCon Next in New Orleans. The discussion is titled: Make the Cut: Cultivation Strategies to Survive Oversupply. This informative conversation... more »