Filtered by category "Legislation"

With Epidiolex, GW Pharmaceuticals Passes ‘Go’, Collects Unexpected Profits

By William Sumner, Hemp Business Journal Contributor As the U.S. Food and Drug Administration (FDA) continues to consider how to regulate cannabidiol (CBD), the one company with the green light to sell CBD as a pharmaceutical drug is raking in profits. This month, the London-based pharmaceutical company GW Pharmaceuticals (NASDAQ: GWPH) released its financial results for the first quarter of [...]
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Global Medical Market Potential

In legal medical cannabis markets in the United States, 94% of the patients that have used medical cannabis as a substitute to other medicines reported improvements to their condition. This level of treatment efficacy seen in the U.S. bears great significance in a global context, as new countries across the globe begin to legalize medical […]
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Springtime is Warming Up for Regulating CBD

By William Sumner, Hemp Business Journal Contributor Last week, Hemp Business Journal Founder Sean Murphy spoke at a Congressional briefing before the Dietary Supplement Caucus. Presenting market data and analysis, he discussed the state of the hemp and cannabidiol (CBD) markets as well as regulatory challenges facing the industry, including how the Food and Drug Administration (FDA) may [...]
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Cannabis Use Among Mothers

Among 3,000 self-described American cannabis consumers surveyed by New Frontier Data, mothers use cannabis more frequently than do women without children. Those whose children are minors (under 18) are more likely (30%) to describe consumption as an important aspect of their identities than are either those with adult children (17%) or those without children (18%). […]
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It’s Certifiable: CBD Brand Earns Industry-First USDA Organic Certification

By William Sumner, Hemp Business Journal Contributor Earlier this month, the cannabidiol (CBD) brand Palmetto Harmony became the first to gain certified organic status from the U.S. Department of Agriculture (USDA) for hemp flower and selectively bred seed. The official designation was made possible due to passage of the 2018 Farm Bill, which legalized hemp and hemp-derived products such as [...]
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Regional Average Cannabis Usage Rate

Among adult (ages 15+) populations worldwide, the regions of North America, Oceania, and Africa average the highest rates of cannabis use. Legalization, whether for medical or adult use, encourages higher rates of reported cannabis usage. The increased reporting correlates to lessened legal risk or social stigma, along with increased public awareness, social support, and access […]
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Amid the CBD Craze, Pet Owners Are Among Those Begging for Clarity

By William Sumner, Hemp Business Journal Contributor People love their pets. From specially designed baby strollers to handcrafted organic food, there is not anything that pet owners would not do to ensure their pet’s health and happiness. It is only natural, given the rise of cannabidiol (CBD) as a health and wellness product, that people would turn to the substance […]
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Top Cannabis Usage by Country

Nigeria has the world’s highest rate of cannabis use, with 19.4% of its population aged 15+ having consumed it in the past year. That statistic offers extra significance given the illegal status of the plant across most of Africa. Globally, the highest reported rates of use are typically associated with progressive cannabis laws. Canada (with […]
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Holding Out Against Hemp: Seven States Slow for Reform After 2018 Farm Bill

By William Sumner, Hemp Business Journal Contributor Idaho’s state legislative session ended earlier this month with a tinge of disappointment. Despite overwhelming bipartisan support to legalize industrial hemp, the legislature was unable to pass a resolution to relax the state’s hemp ban. Adding to the frustration felt by hemp advocates was the shared inability of both the state’s House and [...]
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Global Cannabis Market

New Frontier Data’s latest analysis reveals for the first time the full scale of global cannabis demand: More than 260 million adults worldwide consume cannabis at least once per year, collectively spending $344 billion USD annually. The size of the cannabis market varies widely by region: Social norms and cultural practices significantly influence cannabis use, […]
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