In short, Weedmaps might have to actually enforce their new policy of only allowing licensed brands and retailers to buy a listing on their site. Also, the CTA made a big announcement at a major trade show, and an insider letter indicates big changes to U.S. hemp and CBD regulations. All that and more in this week’s CBD Business Weekly Review and Newsletter.
We recently reported on Weedmaps’ announcement to remove unlicensed cannabis dispensaries from their directory, but as it turns out, the advertising giant is in no rush to make the changes.
According to the California Bureau of Cannabis Control (BCC), there is no deadline for when Weedmaps has to remove these ads, which apparently might be on the back burner until the end of December.
However, it’s possible that the recent outbreak in vaping illnesses – believed to be related to unregulated THC cartridges – might be the thing to light the fire under their feet.
In January 2019, without industry consultation, the European Commission ruled cannabidiol (CBD) a Novel Food. But now, the threat to Europe’s booming CBD market could be overcome by a twin-track approach to January’s punitive Novel Food thunderbolt, it has emerged.
Exhibitors at one of Europe’s cannabis largest trade shows were warned to stop selling illegal products which could ‘threaten the future of the whole industry’. Mike Harlington, chairman of the Cannabis Trades Association (CTA) issued the stark message to business at the Hemp & CBD Expo in Birmingham, U.K.
According to a letter from American Shaman, Senate Majority Leader Mitch McConnell introduced legislation that would require the FDA to make some major changes in the way they enforce CBD and Hemp regulations, thus falling more in line with the updated Farm Bill and rescheduling of hemp.
We hope you enjoyed this week’s review. Don’t forget to send your friends to subscribe to our CBD Business Weekly Newsletter for more articles like these!
Nov. 8, Missouri residents will have the opportunity to vote on legalization of adult-use cannabis. Missouri passed a constitutional amendment for medical cannabis in 2018 and advocates are looking to build on the momentum in the state. Amendment 3, the Marijuana Legalization Initiative, is on the ballot in Missouri as an initiated constitutional amendment. If […]
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They’re not there yet, and they might not get there, but this coming November, at least three states, (and possibly six), are putting it up to voters in yet more cannabis ballot measures for recreational legalizations. Will we get up to 25 legal states by the end of elections? 2022 elections are going to be […]
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