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U.S. Senate Majority Leader Mitch McConnell was giving the US FDA another nudge on issues relating to hemp and cannabidiol last week.

The Kentucky Senator met with U.S. Food and Drug Administration Commissioner nominee, Dr. Stephen Hahn, in Washington. While not a lot of detail of the chat was provided, among  the topics discussed were hemp’s progress in Kentucky and the situation with cannabidiol (CBD).

What’s in a name? When it comes to CBD products derived from hemp, CBD products derived from cannabis, and what’s considered legal, a lot. Understanding cannabis nomenclature and the chemical difference between the two plants is essential to making informed choices about CBD.

Image Source: ROBYN BECK/AFP via Getty Images

Los Angeles, CA – The California Department of Tax and Fee Administration (CDTFA) announced yesterday that it plans to raise taxes on the legal cannabis industry once again. This move is considered to be another blow to an industry that is currently facing an economic downturn in a depressed market.

On Wednesday, members of Congress did something that they had never done before. For the first time ever, a body of the U.S. Congress voted to end cannabis’ nearly century-long status as a federally prohibited substance.

All companies face cybersecurity threats, but the legalized cannabis industry’s storage of personally identifiable information and reliance on seed-to-sale tracking software can place it firmly within hackers’ crosshairs.

To be sure, despite currently being prohibited from storing cash in banks, some cannabis entities do process valuable personally identifiable information (PII).

The USDA’s interim final rule on hemp provides needed clarity and certainty around its legal production. At the same time, producers must ensure they are not running afoul of state or tribal requirements. Foley & Lardner LLP attorneys offer important takeaways from the rule and say it sets the stage for industrial hemp production to take off around the country.

Image Source: Doug Hood | Asbury Press

If all goes according to proponents' plan, New Jersey may finally be the cheapest at something: legal weed taxes. 

As impeachment hearings transpired across the hall in the Capitol on Wednesday afternoon, the House Judiciary Committee, by a vote of 24-10, advanced a bill that could make use of marijuana legal.

On November 7, 2019, the Delhi high court sought the government’s stand on a petition filed by the Great Legalisation Movement India Trust to decriminalise the use of cannabis. The petitioner has challenged the provisions of the Narcotics Drugs and Psychotropic Substances Act, 1985 which criminalise the use of cannabis as violative of various provisions of the constitution of India.

Cannabis stocks rallied for a second day Wednesday, buoyed by a historic congressional committee passage of a bill that aims to lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss.

Curaleaf’s U.S.-listed shares CURLF, +15.23% CURA, +15.07% were last up 15%, as investors shrugged off its revenue miss.