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Cannabis Industry News: March 15, 2023

CBD hemp and cannabis industry news from Qredible. What is an 8th of weed?

The U.S. legalized cannabis, CBD, and hemp industries are rapidly evolving. It’s important to stay on top of changing regulations and shifting landscapes in order to protect and grow your business. That’s why we round up the leading headlines every week to help you stay up-to-date.

Keep reading to see what’s going on in the world of legalized cannabis, CBD, and hemp this week. And check back here every week for your regular update on the biggest cannabis news.

German Minister Expresses Optimism Over Future of the Country’s Adult-use Cannabis Market

Germany’s Minister of Health, Karl Lauterbach, has been vocal in his optimism about Germany’s adult-use cannabis plans. The country’s largest roadblock is the approval of the European Union, which Lauterbach believes will pass in a matter of weeks. 

According to the minister, the plan is compliant with EU laws and has received positive feedback. The country modeled its plan after Canada’s — with a strong focus on protecting young people, curbing the illicit market, and prioritizing public health.

If passed, Germany’s recreational cannabis market could open as early as 2024.

Edible Arrangements and Green Thumb Trademark Dispute Resolved

A trademark lawsuit between Green Thumb Industries and Edible Arrangements has reached a conclusion this month. Edible Arrangements dropped the initial suit while Green Thumb dropped all counterclaims. 

After three months of negotiations, the agreement was finally made, with Green Thumb refusing to waive its right to attorney costs and other related expenses. 

The initial lawsuit argued that Green Thumb’s edible product name was infringing on their trademark of the term “edible”. The term “edible” has long been used to describe consumable cannabis products.

Oregon Cannabis Prices Dip Lower Due to Supply Issues in the State

The cost of legal cannabis reached a record low last month in the midst of an unprecedented oversupply issue. Data from the state’s cannabis commission found that the cost per gram for retail cannabis had declined by 16% over the course of a year — 25% for wholesale. 

As of February 2023, retail cannabis was approximately $4 per gram and wholesale was as low as $599 per pound. 

Cannabis cultivators complain of overdue payments that are having a ripple effect across the entire market.

Health Canada and Organigram Dispute Results in Production Delays

Organigram, a Canadian cannabis company, has temporarily ceased production of one of its popular THC edibles in the midst of a dispute with Health Canada.

The edible in question is its 100 mg THC lozenge packages. Health Canada notified the company of a mislabelling concern — although the product should be classified as an edible, it was labeled as an extract. 

Health Canada has been cracking down on labeling in recent months, with multiple companies in the country receiving similar warnings. This is because extracts have a considerably higher THC limit than edibles — 100 times higher. 

Another company facing production delays is Indiva. The company also sells lozenges labeled as extracts, except its packages contain up to 500 mg of THC.

In response to the production pause, Organigram stated its commitment to compliance and that the company was considering its legal options. The products are allowed to remain on shelves until May 31, 2023. 

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