New guidance published this week states banks are no longer required to file suspicious activity reports (SARs) in relation to customers involved in the legal cultivation of hemp.The guidance is based on the fact hemp is no longer a Schedule I controlled substance under the Controlled Substances Act, thanks...
The merger of Australian medical cannabis company Zelda Therapeutics Limited (ASX: ZLD) and the USA's Ilera Therapeutics LLC has been completed.On Monday, what is now Zelira Therapeutics Ltd announced the acquisition of 100% of the issued capital of Ilera Therapeutics LLC had been finalised following support from Zelira shareholders...
Australia's Morrison Government has granted Major Project Status to medical cannabis ventures in the states of Victoria and Queensland.The status has been awarded to Hydroganics for a $333 million facility in South- East Queensland and Canopy Growth for a $70 million project in regional Victoria.Once at full production, the Hydroganics...
Australia's Medical Cannabis Users Association (MCUA) has condemned recent raids at the homes of fellow activists in the state of Queensland.According to MCUA, the home of 66 year old disability pensioner Maggie O'Rance was raided on Wednesday. After allegedly finding a gram of cannabis and a pipe, Ms O'Rance...
Wisconsin Governor Tony Evers has signed a hemp bill into law that brings the state into line with the Federal 2018 Farm Bill.Senate Bill 188, now 2019 Wisconsin Act 68, saw a number of changes introduced, including the modification of the definition of the plant - the Act uses...
The U.S. Food and Drug Administration has sent another batch of warning letters to CBD vendors and again expressed concerns about the safety of cannabidiol.15 companies were recently sent warning letters concerning the alleged illegal sale of CBD products the FDA says violated the Federal Food, Drug, and Cosmetic...
A recent study out of Washington State University indicates inhaled cannabis may reduce the intensity of headaches and migraines.Led by Carrie Cuttler, a WSU assistant professor of psychology, a research term analyzed information submitted by more than 1,300 patients who used the Strainprint app over 12,200 times in relation...
Previously to be a single stage project, Cann Group (ASX:CAN) will now develop its new medicinal cannabis production facilities near Mildura in Victoria in stages.Originally announced in March, Cann Group said in late August an amended design for the Mildura facility would increase full production capacity by 40% to...
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,...
Acknowledging state law was conflicting with federal rules on the transportation of hemp, Idaho Governor Brad Little has enabled a stopgap measure to bring his state into line.Back in January, Idaho was in the spotlight over the seizure of a truck travelling interstate carrying around 7,000 pounds of plant...
