Hemptown USA, a multistate hemp producer and CBD company, completed a $23 million round of financing last week, allowing it to move forward with ambitious expansion plans in Colorado, Kentucky, Northern California and Oregon. The company will use the raise to purchase $5.5 million worth of Oregon CBD seeds.... Read more

Afraid of missing hot opportunities in hemp while the federal government mulls national rules, states are adopting a surprising number of laws to start or expand hemp production. Most states already allow hemp cultivation, but 2019 has seen many of the hemp holdouts adopt cultivation laws, while more established... Read more

A Michigan company hopes to be at the forefront of industrial hemp textile and fabric adoption by marketing hemp mattresses to millennials. However, short supply of hemp fiber for textiles and fabric is creating challenges for the company and driving up the price. “When we went on the hunt... Read more

A Kentucky hemp company is sending seeds into space to see what changes when the plant has less gravity. Winchester-based Atalo Holdings’ seeds will hitch a ride to the International Space Station aboard SpaceX 17, scheduled to launch Friday. Scientists will be looking at how hemp propagates in microgravity,... Read more

Massachusetts-based Curaleaf, a vertically integrated marijuana and hemp company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. Cura’s Select brands are available in... Read more