Tag Archives: Marijuana

FDA approves its first marijuana-derived drug

In a nationwide first, the US Food and Drug Administration (FDA) has authorized the use of ‘Epidiolex’, a marijuana derivative which will be used to treat rare forms of epilepsy. Epidiolex — also known as cannabidiol or CBD — is a highly-purified version of the many psychoactive compounds found in marijuana, and does not result in a high.

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The Cannabis Industry Made $1.2 Billion in January

The cannabis industry registered $1.23 billion in investments for January, according to Viridian Cannabis Deal Tracker. The total represents an almost 600 percent growth from the $178 million in the first five weeks of 2017. While it’s no secret that the cannabis industry has turned out to be a money-making machine, what made last month’s numbers even more remarkable was that they nearly eclipsed the investments of $1.29 billion from all of last year.

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Marijuana Industry Hopes for Regulatory Stability in 2017

Legalization of marijuana in host of new states has raised hopes in the cannabis industry that a more stable regulatory environment could emerge in 2107, according to an industry trade association. In a report issued at the end of 2016, the Cannabis Business Alliance offered a recap of the victories for the legal marijuana industry in 2016 and looked ahead to possible issues in the New Year.

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