cannabis
CV Sciences Enters Definitive Agreement to Acquire Extract Labs
On Nov. 21, California-based CV Sciences, manufacturer of the +PlusCBD and +PlusHLTH lines, announced it entered into a definitive purchase agreement to acquire Extract Labs (Colorado), a manufacturer of premium cannabinoid products such as gummies, topicals and tinctures. According to CV Sciences, Extract Labs has operational flexibility and can run large minimum order quantity (MOQ) ...
Oregon Introduces Cannabinoid Safety and Regulation Act to Protect Children
United States Senator Ron Wyden (D-OR) introduced the Cannabinoid Safety and Regulation Act (CSRA) to establish national standards to protect public health and safety and keep cannabis products out of the hands of children. The bill is co-sponsored by Senator Jeff Merkley (D-OR). According to Wyden, the CSRA would establish a national age restriction to ...
Trade Associations Provide Official Testimony Requesting that Congress Demand FDA Action on CBD Legislation
The Natural Products Association (NPA) and the Council for Responsible Nutrition (CRN) provided official testimony to the U.S. House of Representatives Committee on Oversight and Accountability, Subcommittee on Health Care and Financial Services, asking that Congress demand the U.S. Food and Drug Administration (FDA) complete the work Congress directed the agency to do under the ...
New Studies Validate Benefits of Exercise
According to researchers of a newly published study, exercise increases the body’s own cannabis-like substances, which in turn helps reduce inflammation and could potentially be useful in a wide variety of health disorders such as arthritis and heart disease. In the new study, published in Gut Microbes, researchers from the University of Nottingham found that ...
The Valens Company Completes Acquisition of Green Roads
The Valens Company Inc., a leading manufacturer of cannabis products, has announced that it has closed its previously announced acquisition of all the issued and outstanding shares of Green Roads and its manufacturing subsidiary. The cash and share transaction consideration totaled U.S. $40 million, plus up to an additional U.S. $20 million in contingent consideration payable upon the purchased ...
NJ Labs to Release ‘Going Beyond Testing’ Podcast Series
New Jersey-based NJ Labs will release a new podcast series called, ‘Going Beyond Testing’ in 2022 to give companies and consumers an insider’s look at testing practices and what should be tested to keep products safe and effective. The series will cover the importance of analytical testing, emphasizing transparency and integrity in the testing practices and what’s ...
New Draft Legislation Sets Safe Level of Consumption for CBD Products
New draft legislation includes a provision directing the Food and Drug Administration (FDA) to set a safe level of consumption for CBD products. The provision is part of a broader bill introduced by Senator Chuck Schumer (D-NY) that would decriminalize cannabis at the federal level. “Setting a safe level of consumption for CBD products is ...
NPA Secures Provision for Food Products in Senate CBD Bill
New legislation introduced in the U.S. Senate includes a provision that would regulate food products containing CBD. A version introduced in the U.S. House failed to include the provision concerning food products and was added to the Senate’s version following a lobbying effort by NPA to expand the scope of the bill. While NPA supports ...
U.S. House of Representatives Approves Cannabis Banking Bill
The U.S. House of Representatives has passed legislation that would allow banks to provide services to cannabis companies in states where it is legal, a step toward removing what analysts say is a barrier to development of a national industry. Lawmakers voted 321-101 to approve the bill and send it to the Senate. The bill ...
CV Sciences and Alkemist Labs Join to Support Cannabis Quality Assurance Program
CV Sciences, Inc. has announced an ongoing partnership with Alkemist Labs to collaborate with the National Institute of Standards and Technology (NIST) on efforts to help cannabis testing labs demonstrate and improve measurement capabilities and comparability. The tools developed by this NIST cannabis program will support measurements establishing legal, commerce and safety claims through the ...
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