News analysis for professionals in the cannabis industry

Czech controversy as minister announces action against ‘banned’ CBD products

Written by CannIntelligence | 10th May 2023

The Czech Republic is to start taking action against ingestible cannabinoid products in a move believed to be part of a general tightening of enforcement of current regulations ...

Twitter policy on cannabis advertising remains obscure after latest shift

Written by Freddie Dawson | 9th May 2023

Twitter has claimed to have made another “major” step forward in cannabis advertising. But again the devil is in the details, which remain vague and contradictory ...

Mexican presidents past and present have public spat over cannabis permits

Written by CannIntelligence | 5th May 2023

Mexican president Andrés Manuel López Obrador alleged that cannabis permits awarded to companies linked to former president Vicente Fox in 2018 involved influence peddling and corruption ...

Cookies teams up with e-cigarette maker to supply CBD vaporisers across the US

Written by Tiziana Cauli | 4th May 2023

California-based e-cigarette manufacturer Ispire Technology has signed a partnership with US cannabis brand Cookies to sell CBD vapes across the United States ...

Brazil’s Superior Court of Justice takes cannabis decision out of politicians’ hands

Written by CannIntelligence | 3rd May 2023

While politicians leave the question unanswered, the growing and importing of low-THC cannabis for medical and industrial uses could become legal in Brazil through a decision by the country's most senior judges ...

Thai election puts partial rollback of country’s cannabis policy into play

Written by CannIntelligence | 28th April 2023

Thailand goes to the polls on 14th May with the decriminalisation of cannabis back in the balance less than a year after the plant was removed from the list of banned narcotics ...

‘We can’t make medical claims’ is a way of making a medical claim, says watchdog

Written by Freddie Dawson | 27th April 2023

Referring to the fact that a CBD company cannot make medical claims can itself be construed as making a medical claim, according to the UK Advertising Standards Authority ...

A year of ups and downs for Canadian producer Rubicon Organics in 2022

Written by Antonia Di Lorenzo | 27th April 2023

Producer Rubicon Organics delivered net revenue of CAD35.5m (USD26.1m) for the year ending 31st December 2022, which represents significant net revenue growth of 57% compared to 2021 ...

Pharmaceutical cannabinoid companies in Canada, US release positive results

Written by Antonia Di Lorenzo | 26th April 2023

Avicanna in Toronto reported total fiscal 2022 revenue up 24% from fiscal 2021, while in Pennsylvania, Zynerba Pharmaceuticals reduced its net loss last year by over $2m ...

EU takes a step towards evaluating flower-based cannabis medications

Written by CannIntelligence | 26th April 2023

EU authorities are taking the first steps towards creating an EU herbal monograph, or list entry, that would pave the way for marketing authorisation applications for herbal medicines containing cannabis flowers ...

UK FSA recruits and expected new rules ‘should speed up novel food assessments’

Written by Freddie Dawson | 25th April 2023

New resources and potential future regulatory changes are being applied to the UK novel food approval process in the hopes of improving processing time for applications, the UK Food Standards Agency (FSA) said ...

Verano Holdings revenue boosted by New Jersey legalisation, new Florida stores

Written by Antonia Di Lorenzo | 24th April 2023

Verano Holdings reported revenue up 19% to $879m in 2022 from $738m in 2021 and said it will continue to strengthen its business portfolio by focusing on targeted expansion and new product launches ...

Could the Czech Republic’s major IHDC market end with a ban on HHC sales?

Written by CannIntelligence | 24th April 2023

The Ministry of Health in the Czech Republic has unveiled plans to ban the sale of hexahydrocannabinol (HHC) this July, triggering criticism from local industry insiders ...

UK FSA selects Deloitte to review novel foods process, including CBD products

Written by CannIntelligence | 21st April 2023

Auditing firm Deloitte is to review the UK Food Standards Agency’s novel foods process in a £130,000 contract. The government committed to reviewing the process in January 2022, taking advantage of Brexit ...

Has a wording error in a new law just banned hemp in Arkansas?

Written by Anthony Traurig | 20th April 2023

Arkansas may have inadvertently banned hemp with the passage of a bill that was intended to prohibit the production and sale of intoxicating hemp-derived cannabinoid products but went much further ...

On the brink? After four legal years, Canada’s cannabis trade is in trouble

Written by CannIntelligence | 19th April 2023

More than four years after Canada legalised cannabis, many cannabis firms are struggling – as Taylor Giovannini, founder of Newfoundland company Oceanic Releaf, told prime minister Justin Trudeau ...

Belgium to outlaw sales of cannabinoid and nicotine pouches later this year

Written by CannIntelligence | 14th April 2023

The sale of cannabinoid pouches in Belgium has been banned along with nicotine pouches on the grounds the latter pose a danger to public health, particularly due to their potential for addiction ...

South Africa inches forward towards long-awaited clarification on cannabis

Written by CannIntelligence | 13th April 2023

The South African cannabis bill has finally moved forward with an invitation to “stakeholders and interested persons” to submit written submissions on proposed amendments ...

Charlotte’s Web teams up with BAT to seek approval for new hemp-based drug

Written by Tiziana Cauli | 12th April 2023

British American Tobacco (BAT) and cannabis wellness company Charlotte’s Web have formed a joint venture to pursue approval for a new hemp-based drug to target an undisclosed neurological condition ...

What did Delaware do about legalising cannabis? It’s still a delicate question

Written by CannIntelligence | 12th April 2023

Delaware lawmakers are making another bid to legalise recreational cannabis, but legislation passed by both chambers of the state's General Assembly remains unsigned on the governor's desk ...

Schwazze revenue up after entering legal adult-use New Mexico market in 2022

Written by Antonia Di Lorenzo | 12th April 2023

US cannabis company Medicine Man Technologies, operating as Schwazze, saw an increase in revenue last year, helped by acquisitions, new store openings, entrance into the New Mexico market, and that state's adult-use legalisation taking effect...

IMC 2022 revenue up 60% as it leaves Canada, focuses on Israel and Germany

Written by Antonia Di Lorenzo | 11th April 2023

International cannabis company IM Cannabis (IMC) reported a significant rise in its revenue for the whole of 2022 as well as the last quarter of the year ...

Columbia Care comes out ahead in the US for 2022, looks to streamline in 2023

Written by Antonia Di Lorenzo | 11th April 2023

US cannabis company Columbia Care recorded a positive performance in 2022, despite macroeconomic headwinds that impacted consumers as well as wholesale market pricing ...

‘Bad legal advice’ led Smoore to pursue patent case it was never going to win

Written by Antonia Di Lorenzo | 6th April 2023

A claim by Smoore Technology that 38 cannabis companies infringed the Chinese firm’s patents had very little chance of success with the US International Trade Commission, according to legal experts ...

22nd Century signs three-year deal to produce and distribute Cookies across US

Written by Antonia Di Lorenzo | 6th April 2023

Biotechnology company 22nd Century Group has announced a new three-year exclusive licence and distribution agreement with the US cannabis company Cookies ...

New dispensaries, adult sales and brand partnerships take Ascend to new heights

Written by Antonia Di Lorenzo | 3rd April 2023

New markets and new products helped US cannabis operator Ascend Wellness Holdings (AWH) to its best year yet in 2022, the company said when presenting its full year results ...

Two Buttes put their heads together to save the world with plenty of weed!

Written by CannIntelligence | 1st April 2023

Cannabinoids have been credited with many benefits to individual health. But now industry stakeholders are wondering if the hemp plant could be applied to an even bigger task – saving the planet ...

Tobacco giant Altria considers cannabis for its non-nicotine product offering

Written by Tiziana Cauli | 31st March 2023

Altria is considering including cannabis as well as caffeine pouches in its offering of non-nicotine products as part of its growth strategy ...

Cresco battles well through ‘headwinds’ still looking for federal cannabis reform

Written by Antonia Di Lorenzo | 31st March 2023

US company Cresco Labs has called again for federal reform of cannabis legislation after recording a positive performance last year “despite the headwinds” and the uncertainties of the existing regulatory framework ...

A ‘solid performance’ and fresh harvests answer the Vext question of inflation

Written by Antonia Di Lorenzo | 30th March 2023

Arizona-based cannabis company Vext Science blamed rising inflation putting pressure on consumer spending for a slight drop in its revenue last year ...

BAT cash helps Charlotte’s Web remain optimistic despite fall in sales revenue

Written by Antonia Di Lorenzo | 28th March 2023

Charlotte’s Web managed to reduce its losses last year, despite “a challenging sales environment” caused by regulatory inaction, which has created uncertainty throughout the US cannabis and CBD industry ...

Cannabrew launches in UK supermarket Ocado, with US expansion in mind

Written by CannIntelligence | 27th March 2023

Lancaster-based CBD beer company Cannabrew’s range of products are now available at UK supermarket Ocado, in a deal nearly two years in the making ...

CannIntelligence's Coffee & Cannabis event – presentation slides

Written by CannIntelligence | 27th March 2023

CannIntelligence held a private event for industry stakeholders on 10th March 2023 to present market and regulatory data and to open discussion on pressing issues in the sector ...

Jamaica’s small cannabis farmers to get support after fury at Canadian import

Written by CannIntelligence | 23rd March 2023

The Jamaican government has announced economic support for small-scale medicinal cannabis producers to assuage industry members angered by a recent permit allowing cannabis imports from Canada ...

Virginia is currently not for cannabis lovers as politics come into play

Written by CannIntelligence | 20th March 2023

A hemp industry under threat, a recreational cannabis market in limbo, and an uncertain political climate have left the future of cannabis in Virginia unclear and many grappling with the fallout of recent legal activity...

US cannabis firms leave the business over industry ‘challenges and changes’

Written by Lorraine Mullaney | 17th March 2023

Key cannabis industry players in the US have scaled back their businesses this year, citing the “challenges of the current market” ...

Mayhem in Mexico as agency grants firm hemp licence then vows to take it back

Written by CannIntelligence | 16th March 2023

A firm that was granted permission to grow and make products from industrial hemp in Mexico was immediately warned by regulators that they would appeal against their own decision ...

Fresh Ayr figures put wind in its sales, with new stores and 30% revenue rise

Written by Antonia Di Lorenzo | 15th March 2023

US cannabis operator Ayr Wellness saw good numbers last year helped by cost-saving measures, stepping back from markets that did not align with its business goals, and investing in other different markets ...

Relaxation beats intoxication – IHDC sales aren’t just about getting high

Written by Freddie Dawson | 15th March 2023

HHC is the most popular intoxicating hemp-derived cannabinoid (IHDC) in Europe, while delta-8 THC remains top in the US, according to CannIntelligence analysts ...

The man leading political efforts to cut cannabis use in France by legalising it

Written by CannIntelligence | 14th March 2023

National Assembly member Christophe Bex hopes to spearhead efforts to legalise cannabis in France and could draft legislation aimed at doing just that ...

Trulieve ends 2022 with over $1bn in revenue, 25 new dispensaries in the US

Written by Freddie Dawson | 13th March 2023

US cannabis company Trulieve surpassed $1bn in revenue last year, it announced during the release of its 2022 fourth-quarter and full-year results ...

22nd Century’s cannabinoid division helps the company to double revenue

Written by Freddie Dawson | 10th March 2023

US-based 22nd Century’s cannabinoid division saw 19% quarterly revenue growth in the fourth quarter of 2022 despite a November fire disrupting operations at a California facility ...

Cronos sees losses down, net revenue up due to higher sales in Canada and Israel

Written by Antonia Di Lorenzo | 9th March 2023

Canadian cannabis producer Cronos Group saw overall reduced losses for the year, with results helped by sales growth in Canada and Israel but hindered by lower sales in the US ...

Green Thumb boss bemoans Congress’s ‘mind-numbing’ lack of cannabis action

Written by Antonia Di Lorenzo | 7th March 2023

“The lack of progress regarding cannabis regulation from our elected officials in Congress is mind-numbing,” Green Thumb founder, chairman and CEO Ben Kovler said when reporting the company’s results for 2022 ...

It’s double-your-money time for Heritage as Canadian and US revenues stack up

Written by Antonia Di Lorenzo | 7th March 2023

Heritage Cannabis enjoyed more than doubled its revenue for the year ended October 2022, despite the challenging regulatory environment in the US ...

US cannabis company Unrivaled Brands ends 2022 on a high note, plans to expand

Written by Antonia Di Lorenzo | 3rd March 2023

US cannabis company Unrivaled Brands recorded a positive performance in 2022 and plans to expand its cannabis retail footprint across its home state of California ...

Court ruling frees Italian hemp farmers and manufacturers from narcotics law

Written by Freddie Dawson | 23rd February 2023

The Regional Administrative Court (TAR) of Lazio has anulled an Italian government decree on officinal plants which put the use of hemp flowers and leaves under narcotics law ...

Cold-pressed CBD in the UK – exploiting an apparent loophole in novel food rules

Written by CannIntelligence | 22nd February 2023

Cold-pressed hemp oils appear to provide a way for CBD producers to circumvent UK rules on novel foods – but while some are all in favour, others see dangers and shortcomings ...

US DEA draws a ‘clear line in the sand’ on synthetically derived THCO acetates

Written by Tiziana Cauli | 21st February 2023

The US Drug Enforcement Administration (DEA) has clarified its position on two synthetic hemp derivatives, confirming that it considers delta-8 THCO and delta-9 THCO illegal ...

Twitter announces changes to its cannabis ad policy, but what’s changed?

Written by Tiziana Cauli | 17th February 2023

Twitter’s recently announced “change” in the social media platform’s policy to allow cannabis advertisements in the US is full of sound but signifies nothing ...

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