Industry News

The world's latest industrial cannabis / hemp industry monthly news (2019/8/30)

1 According to the Columbus News, Ohio Governor Mike Devin signed a bill to legalize industrial cannabis and CBD in the state. Agriculture spokesman Shelby Croft said the plan will set regulations before next year so that farmers can start growing cannabis in the spring.

2 According to reports, the cannabis company Cronos Group, based in Ontario, Canada, said it will purchase four operating subsidiaries from Redwood Holding Group for $300 million, which is expected to be completed in the third quarter. By then, Redwood co-founders Robert Rosenheck and Cindy Capobianco will join the Cronos Group in Ontario and continue to lead the Redwood brand.

3 On the evening of August 6, Zixin Pharmaceutical issued an announcement and signed a letter of intent for strategic cooperation with Changchun Customs Technology Center on August 5, and planned to carry out in-depth and extensive cooperation in the fields of industrial cannabis project, ginseng and Chinese herbal medicine testing and identification. Research and development of ginseng and related products in the industrial cannabis field.