Oklahoma—Judge Thad Balkman of Cleveland County District Court ruled on Monday that Johnson & Johnson (J&J) had intentionally downplayed the risks and oversold the benefits of opioids, and ordered it to pay the state $572 million, according to The New York Times. The Times notes that this is the first...
Washington, D.C.—Scott Gottlieb, M.D., resident fellow at the American Enterprise Institute and former commissioner of FDA, wrote an op-ed in The Washington Post calling on FDA to act quickly and regulate cannabidiol (CBD). Dr. Gottlieb opened the op-ed by noting that CBD is everywhere, and that the market could surpass...
The U.S. cannabis market could more than quadruple by 2025, according a new report from The Nielsen Company titled "Brace for Impact: U.S. CPG Cannabis sales to Rise by the Billions." According to the report, the market could grow from $8 billion in 2018 to over $40 billion by 2025.
Italy, Sweden--CBD is broadly legal across Europe, according to a report by Fortune. The Brightfield Group, a market intelligence firm for the legal cannabidiol (CBD) and cannabis industries, estimates that the European CBD market will boom over the next four years. It was estimated at $318 million in 2018, and...
Garden Grove, CA--Alkemist Labs announced in a press release that it was teaming up with Nutrasource, a Canadian contract research organization, to launch the International Cannabinoid Analysis Program (ICAP). This third-party verification program, according to the release, is designed to support "accurate, verifiable label claims regarding the content of THC...
Washington, D.C.—The Food and Drug Administration (FDA) held a public hearing on Friday looking for scientific data and information regarding cannabis and cannabis-derived compounds. With over 100 speakers, it easily took up the allotted 9.5 hours, and offered a range of opinions. The top concerns were safety and time. Megan...
Pullman, WA—New research looks to provide government regulators with new tools to identify specific strains of hemp and cannabis, allowing them to address a range of concerns regarding marijuana, hemp, and cannabidiol (CBD), according to report on Science Daily. The researchers analyzed genetic sequences from nine commercial cannabis strains and...
New York, NY—More than 44 million adults (57%) aged 55 and older used cannabis for pain management in 2018, according to a press release from Radius Global Market Research. The press release is in regards to the results of Radius’ inaugural Cannabis and Hemp Trends Report, which surveyed more than...
Washington, D.C.—Tomorrow, from 8:00 AM EDT to 6:00 PM EDT, FDA will hold a public hearing—to be webcast, here and here—entitled “Scientific Data and Information about Products Containing Cannabis or Cannabis-Derived Compounds.” The intent is to allow stakeholders to provide scientific data and information regarding compounds like CBD. Among the...
[vc_row][vc_column][vc_column_text]In January 2015, WholeFoods took a deep dive into the legal cannabis market, hemp-based products and cannabidiol (CBD), alerting readers that something big was brewing. Jane Wilson, director of program development for the American Herbal Products Association (AHPA) and author of the article, predicted: “The next few years are anticipated...
