Tagged: Cannabis Industry

NEWS: USA: CBD Not a Legal Ingredient for Alcohol

The Alcohol and Tobacco Tax and Trade Bureau (TTB) and the Food and Drug Administration (FDA) state, cannabidiol (CBD), a product derived from hemp, is not a permitted ingredient in alcohol beverages. With legalization of cannabis, various products with CBD have entered the market. The public and stakeholders sought the FDA and TTB for guidance on the matter. Issuing an industry circular the TTB stated they will look to FDA to determine whether hemp ingredients such as CBD may be included in food or alcohol. The FDA in turn reiterated that CBD is not a permitted ingredient in food or dietary supplements under federal law…

NEWS: Canada: Addiction Industries Team Up

Major alcohol and cannabis industry players are teaming up to water down proposed rules governing cannabis-infused beverages before edibles become legal in Canada in the coming months. To that end, Big Alcohol and Big Marijuana have formed a cannabis-alcohol industry alliance lobby group…

MEMBER NEWS: Swedish IOGT-NTO Movement Criticizes Pension Fund’s Investment in Cannabis Industry

IOGT-NTO has expressed their objection to the recent move by the Swedish Pension Fund AP7 investing in two of the world’s largest cannabis companies. Investment into the two cannabis companies have taken place in funds where about half the Swedish population has holdings. This move was done despite the AP funds’ ethics council recommendation for AP funds to exclude companies which manufacture cannabis products. The investment by AP7 is even more serious as it has transgressed their own ethics…