The Cannabis Business Weekly Review: Big Changes in Europe, Issues with Visa, Congress Pushing for Research, and more

May 20, 2019

There has been a great deal of change going on in the global cannabis industry with important news updates from the U.S., Canada, and multiple European countries this week.

In the United States – big box retailers like Walmart and Target have been doing market research for their future endeavors in the CBD industry, congress is telling the DEA to get moving on medical cannabis research, and a well-known payment processor is no longer accepting Visa. Our neighbors to the north are finalizing big deals between major players in multiple industries. Across the pond in Europe – the Italian government is waging a war on cannabis shops all while the EU is proposing an increase in the legal THC limit for hemp. As you can see, it’s been yet another busy week.


Italian Government Waging War on CBD Flowers

cbd italy

Thanks in part to a renewed belief in right-wing politics throughout Europe, Italian Interior Minister Mattea Salvini decided he’s going to take on the cannabis industry. Salvini – a conservative politician with widespread support in Italy’s recent elections – told reporters his goal was to shut down all legal cannabis shops in the country “one by one”. Click here to read the full story.

Marlboro Investment Lights-Up Fortunes of Canada’s Cronos Group

marlboro cronos

Sales at Cronos, Canada’s third largest cannabis company, have nearly doubled after they received a $2 billion dollar investment form Altria – the makers of Marlboro cigarettes. According to Cronos’ CEO, Mike Gorenstein, this investment has sparked a newfound interest in the industry that’s expected to result in “significant growth and value creation”. Click here to read the full story.

New European 0.3 THC Rules Could Be a Major Boost for CBD Production

THC 0.3 europe

A proposal to increase the legal levels of THC in European-grown cannabis would allow farmers to increase CBD ratios and would give Europe the footing to compete in global CBD markets. Should these changes be approved, European cannabis will then have 0.3 percent THC content instead of the current 0.2 percent. It will be a tremendous improvement for farmers, patients, and investors. Click here to read the full story.

Big Box Retailers are Eyeing CBD from Afar

walmart target cbd

Multiple large chain stores across the country are prepping their shelves for the day that all the red tape surrounding the CBD industry is cut and they can freely sell supplements, edibles, and topicals. Walmart was among the first, signing a deal with New Age Beverages a few weeks ago. Now, Target, Kroger, Safeway and other stores are following in their footsteps. Click here to read the full story.

Congress Tells DEA to Get Moving on Medical Cannabis Applications

medical cannabis research

The pressure is on for the DEA to figure out the best way to efficiently review and approve applications for medical cannabis research. So far, nearly 30 respected members of the House of Representatives, plus several democratic candidates, wrote a letter regarding the issue. It was addressed to both the Drug Enforcement Administration and the Department of Justice. Click here to read the full story.

Starting Next Month, Many CBD Companies Will No Longer Be Accepting Visa

cbd visa

Popular payment processor, Evalon, recently notified all of their e-commerce customers who sell CBD that they will no longer be able to accept Visa at the end of the month. Although some companies have already stopped accepting Visa on their websites, others were given until May 31st to find a new payment processor, which can be rather difficult in this industry. Click here to read the full story. 

The post The Cannabis Business Weekly Review: Big Changes in Europe, Issues with Visa, Congress Pushing for Research, and more appeared first on Cannadelics.

Also in Education

Double Standards: Will Biden Keep His Cannabis Reform Promises?

August 11, 2022

Regardless of what side of the political fence you’re on, there is one thing everyone can agree on: Republicans are more conservative, and Democrats are more liberal – especially when it comes to progressive drug policies. And while this statement rings true almost 100% of the time, the exact opposite applies to our current president, […]

The post Double Standards: Will Biden Keep His Cannabis Reform Promises? appeared first on Cannadelics.

Continue Reading

Cannabis May Be “Useful Treatment Strategy” for Fibromyalgia Patients

August 11, 2022


Cannabis May Be “Useful Treatment Strategy” for Fibromyalgia Patients by Frank Schuler

Fibromyalgia is a serious problem across the globe, affecting people of all ages. It is estimated that as many as one out of every twenty people on earth suffer from the condition to some degree. According to Mayo Clinic, “Fibromyalgia is a disorder characterized by widespread musculoskeletal pain accompanied by fatigue, sleep, memory and mood issues.” Unfortunately, there is […]

A link to your site, with your site's name and description as anchor text.

Continue Reading

The great serotonin myth – what really causes depression?

August 11, 2022

In recent weeks, chaos has ensued in the scientific Twittersphere. A new study has brought a debate that has long been had behind the scenes to centre stage – and…

Continue Reading