Peter McCusker, Author at Cannabis Business Executive - Cannabis and Marijuana industry news - Page 6 of 9

South American Pharma Firm Purchases Europe’s ‘Largest’ Extractor For Over $26m

A VERTICALLY-INTEGRATED cannabis firm initially backed by former Canopy Growth boss Bruce Linton has been purchased by Uruguay’s pharmaceutical leader. Montevideo-based RAMM Pharma had taken a 49% stake in Sicily-based Canapar in December, last year, and has now agreed to…

Over 60% Of UK CBD Novel Food Applications Have Hit The Buffers Or Been Withdrawn

LATEST figures from the Food Standards Agency on the progress of applications for CBD products to be included in the UK Novel Food catalogue will make worrying reading for many in the industry. The FSA says it has received 803…

Germany’s ‘KanaVape’ Moment As Police And Courts Crackdown On ‘Narcotic’ Hemp & CBD

TWO senior figures in the European cannabis industry are leading the fight against over-zealous German law enforcement in a move which resonates with the recent KanaVape case. In recent months German police and courts have launched a crackdown on makers…

UK Regulators Under-Fire As Only One More Supplier And 20 Products Added To Novel Food List

THE latest iteration of the UK Food Standards Agency list of Validated Novel Food CBD applications has been published with just one more supplier and a further 20 products added. North East England supplier Rokshaw, part of the EMMAC Life…

The First Natural Cannabis Plant Product To Be UK Validated As A Food Ingredient

AS the dust settles on the release of the UK Food Standards Agency’s first Public List of Validated Novel Food CBD applications, it’s fair to say that a significant milestone has been reached. It passed under the radar initially, but…

Prime Minister’s Senior Advisors Seek His Support To Create A World-Leading UK Hemp Industry.

BORIS Johnson will this week receive suggestions from a senior Government taskforce – led by Sir Iain Duncan-Smith – which could mark a significant turning point for the UK cannabis industry. Taskforce member George Freeman MP says it proposals have…

Just Two Companies On The First UK Novel Food Validated List Published Today

PRODUCTS from just two suppliers have been listed on the Food Standards Agency initial Regulated Products CBD Novel Food published today. Those from synthetic Pureis CBD and a second company 4MP Technologies have been Validated by the FSA. Lady Chanelle McCoy…

New Cannabis Industry Council Aims To Create A Single Unified Cannabis Voice For The UK

A NEW UK Cannabis Industry Council is being created aimed at providing a platform for the industry to speak with one voice. It is being driven initially by Prof Mike Barnes – Chairman of Medical Cannabis Clinicians Society – it…

Why Can CBD Be A ‘Cure-For-All’ In Europe – But Not The United States?

By Liebe Griebenauw and Peter McCusker FOUR firms have been sanctioned in the latest crackdown by the United States Food and Drug Administration on businesses making medical claims for their CBD products. One of these, Cannafyl of Arizona, was advertising…

New UK Cannabinoid Vehicle Unveils Its Global Ambitions Following US CBD Acquisition

April 8, 2021
Peter McCusker
Hemp Industry News, Mergers & Acquisitions
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An ambitious London-headquartered private-equity acquisition vehicle has debuted with the purchase of a US CBD firm – as it sets out its global ‘buy-and-build’ ambitions. Tenacious Labs says the acquisition of Denver-based CBD brand Press Pause in a cash-and-shares deal…

Over 750 Novel Food Applications Submitted To FSA – But Only 200-Plus Currently Moving Forward

NERVOUS times for many in the CBD industry this evening as the UK Food Standards Agency (FSA) has released numbers to BusinessCann on Novel Food applications. Yesterday (March 31), was the deadline for applicants to file Novel Food submissions to…

Over 100 CBD Businesses Given April 1 Deadline By Leading UK Payment Firm

THIRD party enforcement of the new UK Novel Food rules is imminent after one of the industry’s leading payment providers said it would no longer serve non-compliant CBD sellers. Worldnet Payments, which is understood to provide merchant services to over…

NHS To Launch Its First Evidence-Based Cannabis Patient Data Registry This Week

THE UK’s first National Health Service patients registry will start collating data from Thursday this week in a significant move for medical cannabis in the country. The development has been welcomed and comes as the nation’s doctors are said to be…

Human Trial Showing CBD Safe A Boost For Industry In Battles With Regulators

March 26, 2021
Peter McCusker
Hemp Business Executive, Hemp Industry News
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RESULTS from a major US trial over 800 people over the past seven months found CBD use has zero impact on the liver. In March, last year the US Food and Drug Administration (FDA) requested specific data on liver toxicity…

Taylor Mammon Founder Heralds GenCanna Deal As ‘Watershed Moment’ For Europe’s CBD Industry

March 24, 2021
Peter McCusker
Hemp Industry News, Mergers & Acquisitions
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ONE of the founders of Taylor Mammon says its purchase by major US player GenCanna may be the first of many similar transatlantic transactions – as it prepares for a period of rapid growth. Managing Director Nathan Wogman founded the…