Cannabidiol market has huge potential if there’s a shift in public attitudes Kota Shimomura, owner of CBD Coffee in Tokyo’s Meguro Ward, has noticed a peculiar thing about his clientele. “When talking to customers, they do things like cry,” he says. The 35-year-old Shimomura stands outside his newly opened, white-walled storefront, eyeing a group of […]
Hemp Business Executive
Hemp in Mexico? Start Today!
by Adrián Cisneros Aguilar, Attorney at Harris Bricken As we have reported in this blog, new legislation to regulate cannabis is in the works here in Mexico. A draft “Law for the Regulation of Cannabis” (the “Cannabis Law”) is under discussion by the Mexican Congress as we write. The Cannabis Law will be accompanied by […]
Navigating the SPAC Trend in the Cannabis and Hemp/CBD Market
Special Purpose Acquisition Companies (SPACS) have had increased activity in the cannabis and hemp/CBD industries over the past year. Presently, these “blank check companies” have raised more than $3 billion. Investors and operators interested in partaking in these vehicles and participating in the public market should be aware of which SPACs will be looking to […]
CBD Cosmetics: Unregulated, Yes. Risk-Free, No.
By Nathalie Bougenies, Attorney at Harris Bricken It is well known by now that CBD-infused cosmetics represent the lowest level of risk for businesses. Indeed, CVS, Walgreens and Sephora are only a few of the major national retailers that now offer these products for sale. This is partially due to the fact that the Food […]
Rapinoe among athletes touting CBD’s benefits for pain
PORTLAND, Ore. — Long before she struck that iconic victory pose to become the face of women’s soccer, Megan Rapinoe endured her share of setbacks to play the game she loves: Notably, a series of knee surgeries stretching back to her college days. She tore her left ACL as a sophomore at the University of […]
Why Voting Yes to Cannabis Will Help States’ Pandemic-Stricken Economies
By Smoke Wallin The presidential race is not the only election in 2020 that is pivotal to our economic future. After an unprecedented $10.9 billion in worldwide sales generated in 2018, legal cannabis sales are projected to hit between $50 billion and $200 billion by 2030. U.S. medical and recreational cannabis sales will exceed […]
The Emerging Hemp Industry – Government Regulation Can Help Businesses Grow
by Robert Roche Hemp cultivation and processing could be a boon for the struggling farmers and small businesses. Economists estimate consumer demand for the (non-psychoactive) hemp-derived CBD market could reach $22 billion by 2022. While COVID-19 has triggered record high unemployment, driving job growth in the industry would prove particularly timely. In 2018, the passage […]
Brazilian CBD Import Market Ripe for Opportunity but Relatively Unknown
The global expansion of the CBD industry is still in full force. New opportunities abound in various countries and regions of the world as widespread mainstream acceptance turns to commercial and medical potential. This is obviously exciting for both those producing CBD products and the public who demands more and more offerings. But these enticing […]
Colorado-Based Hemp Organization Sues DEA
A Colorado-based hemp trade organization is suing the Drug Enforcement Administration over a new laboratory-testing policy that members of the hemp industry fear could hurt future CBD production. The Hemp Industries Association (HIA) and RE Botanicals, a hemp-product manufacturer out of South Carolina, filed a lawsuit against the DEA in the U.S. Court of Appeals for the […]
Hong Kong’s first CBD cafe opens its doors to customers
HONG KONG — Cannabis may be illegal in Hong Kong, but a new cafe is offering a range of food and drinks that contain parts of the cannabis plant without breaking any local laws. The cafe, named Found, is the city’s first to offer a range of coffees, biscuits, beer and fruit juices that contain […]
