Subscriptions - Maximum Yield Cannabis USA September/October 2020 | Page 99

White House Reviewing Plan for CBD and Cannabis Research The U.S. government is going over a federal plan for marijuana and CBD research. The Food and Drug Administration (FDA) recently submitted draft guidance on the issue to the White House Office of Management and Budget (OMB). While details are sparse, an FDA spokesperson noted the research is related to the agency’s ongoing development of broader CBD regulations that could allow for the marketing of cannabis products as dietary supplements or food items. “We recognize that there is substantial public interest in marketing and accessing CBD for a variety of products… and (we) have made substantial progress,” the FDA says in a statement. “There are many questions to explore regarding the science, safety, effectiveness, and quality of products containing CBD, and we need to do our due diligence.” It is unclear whether the FDA plans to wait for this specific guidance to be finalized and for the resulting research to be completed before it issues final rules for CBD products. Cannabis Exec Linton Gets Fired Again Bruce Linton has been let go — again — this time by Vireo Health, a U.S. multi-state cannabis company. The Minneapolisbased firm says it has “elected to terminate its employment agreement with Bruce Linton as executive chairman, on an entirely withoutcause basis, effective immediately.” Linton, who founded Canopy Growth and was its CEO, joined Vireo in November 2019, months after getting ousted from Canopy. “I like the company and pushed it hard, obviously a little too hard for everyone’s enjoyment,” Linton says after he was fired. “I’m not everyone’s favorite flavor. If I invest and bring people’s money along, I’m a pretty demanding guy.” Linton’s term on the company’s board was set to expire at its July 15 Annual General Meeting of shareholders. Meanwhile, Linton is already eyeing his next move on the global cannabis stage, launching a Dublin-based investment fund named Oskare Capital, which will support start-up marijuana companies. Servicing the Great Lakes states. CONTACT US PHONE: [phone] EMAIL: [email protected] WEBSITE: www.greatlakesgardenwholesale.com Maximum Yield 99