The year 2020 is only 15 days old but a lot is happening and there a bunch of CBD Latest News you may have missed. Let us bring you up-to-date!
CBD Oil For Epilepsy
January 11, 2020
London-based GW Pharmaceuticals, the maker of Epidiolex, told investors that it made $108 million in sales the last quarter of 2019. The majority of GW’s, $104 million, came from epilepsy drug Epidiolex.
Epidiolex contains CBD extracted from marijuana plants grown in the United Kingdom and is the ONLY plant-derived cannabis drug approved by the U.S. Food and Drug Administration.
This seems to confirm that physicians worldwide slowly warming up to prescribe FDA approved CBD based drugs as they should become available in the near future.
More information about Epidiolex is available here.
CBD and Sports
January 08, 2020
CBD marketers have been busy exploring new market opportunities and invested heavily in the sports nutrition market. Several CBD producers riding the wave of acceptance of cannabidiol’s anti-inflammatory properties by signing up athlete endorsements.
It comes as no surprise that professional athletes are sought after to help promoting CBD products in a global market, estimated to be worth approx. 480 Billion by 2023.
Notably, Rob Gronkowski, formerly the star tight end of the NFL's New England Patriots, partnered with Abacus Health Products and now endorses the company's CBDMEDIC line of products for athletes (see CBD OIL for Workout Recovery) .
Marketing to, and by professional athletes becomes big business, especially since the World Anti-Doping Agency (WADA) decided to remove cannabidiol from its 2018 list of banned substances.
The decision by the Canada-based agency led the governing bodies that oversee sports such as tennis, golf, ultimate fighting and rugby to allow their active athletes to use CBD.
Changes will come to professional leagues in the USA, too. Major League Baseball announced that natural cannabinoids (including CBD and THC) would no longer be considered an abuse drug, and the National Football League (NFL) and its players union agreed to consider alternative therapies, including CBD.
However, not all athletes are cleared to use CBD. The World Anti-Doping Agency does NOT allow CBD products that contain even trace amounts of THC.
Federal Judge Puts CBD Lawsuit On Hold
January 3, 2020
A federal judge in Florida ruled on January 3, 2020 that 'a CBD Producer should not face certain liability claims until the FDA releases its findings from a long overdue review of CBD policy'.
The judge also decided that the federal health agency’s current rules “provide little guidance with respect to whether CBD ingestibles, in all their variations are food supplements, nutrients or additives and what labeling standards are applicable.”
Judge Ungaro also dismissed an attempt to make the Green Roads case a class action lawsuit.
In layman's terms, the judge told the FDA to get it's stuff together before handing out verdicts.
USDA publishes directory for DEA-certified hemp testing laboratories
January 14, 2020
To clear up confusion by hemp growers and testing companies, the USDA published a list of laboratories authorized to test hemp THC concentration under the new interim final rule.
The confusion was caused by the new hemp regulations which require labs to be certified by the DEA (Drug Enforcement Administration) to handle hemp crops testing over the legal limit of 0.3% THC. Of course, they didn't tell producers how and where to find such labs.
The new list contains 37 testing facilities. The USDA advises producers to FIRST verify with their licensing body (state, tribe or USDA) where their hemp may be tested.
Important NEW federal crop sampling and testing provisions:
1) Sampling of hemp flower material must be conducted within 15 days before anticipated harvest by a USDA-approved sampling agent, which could be a federal, state or local law enforcement body.
2) States may submit alternative sampling and testing protocols for consideration if they could result in comparable or similarly reliable testing results.
For information on registering a hemp testing laboratory with the DEA, go to the DEA Division Control Division website.
Oregon Hemp Farm Suing Processors For $11 million
January 10, 2020
Well, that didn't take long, did it?
Jefferson State Farms of Medford in southern Oregon is suing a group of processors who they say failed to show up and harvest and process its hemp after receiving a six-figure down payment.
The farm, owned by Ben and Kathleen Yuma, is suing:
- Palex Enterprises
- Hemp Warehouse
- Great Horizons
- Four individuals
Excerpt from the court docket:
The lawsuit, claiming civil fraud, unlawful trade practices and breach of contract, seeks more than $11 million, according to the (Medford) Mail Tribune.
Jefferson State Farms says the defendants were paid $136,000 to harvest their crop of 112,500 hemp plants beginning Oct. 9, 2019.
After confronting the companies, the Yuma say, they received $50,000 back from the companies but never received the final $86,000 of the down payment, despite promises of repayment.
Jefferson State Farms wants to collect the outstanding $86,000 that they paid, plus $200,000 to reimburse replacement harvesting and drying services and $11.2 million for “consequential damages” for the crop, the newspaper reported.
Details available here
183-Pound Load Bound For Texas Seized In South Carolina
January 11, 2020
Wellford police seized 183 pounds of what officers believed could be marijuana. The man, a CBD producer who bought it says it's hemp.
Here we go again:
If it looks like weed, smells like weed and is packaged like weed IS MUST BE WEED.
I am not blaming the police officers on the road, but the police departments around the nation for NOT supplying field test kits that could determine on the spot IF a load of hemp is hemp or marijuana. PERIOD.
Here is what went down:
Glen McDonald, a distributor from Texas, said he paid $20,000-$30,000 for 70 to 100 pounds of hemp from Bio Lab Global, a hemp farm based in Charlotte, North Carolina. He hired 2 driver to go and pick up his order and transport it back to Texas.
Of course, the cops always suspect the worse and won't believe what they are being told. It's much easier to simply arrest the drivers, confiscate the load of 'stuff' and then take it from there.
A statement, obtained from Austin Diggs, the President of Bio Lab Global says:
"In regards to last nights arrest in Wellford, SC: Bio Lab Global is a licensed processor, distributor, and cultivator of legal hemp and CBD products based in North Carolina. We are fully licensed Processors of The North Carolina Industrial Hemp Commission and are licensed by the same Commission to Cultivate industrial hemp with the intent to research and market. Business was transacted in North Carolina, where we are fully licensed and continue to do good business.
We have worked closely and helped educate our own local police departments on these matters, and it is a frustrating process for everyone. The US Department of Agriculture has posted their final rule regarding the transportation of hemp stating 'Thus, states and Indian tribes may not prevent the movement of hemp through their states or territories even if they prohibit its production.'
"This is a discouraging series of events, but not uncommon in this industry, especially despite the efforts of so many people to raise awareness and help educate the world about hemp and its benefits. Rules can change quickly in the hemp world, but unfortunately we can’t stick to being farmers, growers, processors, but must also serve as educators, activists and friendly neighbors."
Police Chief Green is hoping South Carolina lawmakers can set some regulations for how legal, industrial hemp must be labeled and transported to avoid this confusion next time.
South Dakota Governor Drops Opposition To Hemp
January 08, 2020
Gov. Kristi Noem is changing her position in South Dakota’s development of a hemp industry. She won’t veto legislation this session to allow hemp to be grown in the state. However, she would require “guardrails” to regulate the plant.
She wants government agencies tasked with providing licenses and inspections, tightly regulating the crop.
According to estimates, it would cost about $1.9 million to start the program and another $1.6 million to run it. The governor wants legislators to come up with a way to pay for the hemp program.
She blocked a hemp bill from becoming law in the last legislative session arguing that legalizing hemp would lead to the legalization of marijuana.
Let me ask you a simple question:
Why is it that our politicians are fighting relentlessly against legalizing marijuana but have no problem with keeping prescription drugs like Oxicontin legal?
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