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It can be difficult forecasting your business’ future in the rapidly evolving hemp industry. From the signing of 2018’s Farm Bill legalizing industrial hemp at the federal level, to the rise of CBD as a purported wündercure, hemp has rapidly become the hottest commodity around. But between the big headlines, hemp industry players have grappled…

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Hemp is Driving Real Estate Action and It’s Not Just Farms

It’s common to see articles these days related to the positive economic impacts of hemp legalization. Most of these articles focus on job creation, opportunities for farmers, or opportunities for businesses chasing the CBD craze. One thing that has been interesting to me, though–and which seems to have attracted less attention–is the way that hemp…

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Kentucky’s hemp program is just about open for business. The state said that it will begin accepting applications for growers and processors wishing to receive a license to participate in the program beginning in mid-November. According to the Associated Press, Kentucky Agriculture Commissioner Ryan Quarles said the application period... Read more
Hemp-CBD Across State Lines: Kansas

The Agriculture Improvement Act of 2018 (“2018 Farm Bill”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. The 2018 Farm Bill gives the US Department of Agriculture (“USDA”) regulatory authority over hemp…

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SinglePoint Getting Off on the Right Foot with Pure American Hemp Cigarettes
Ash Stringer September 29th, 2019 App, Exclusive, News, Top Story If a company wants to generate substantial revenue from a tobacco product, it better get into convenience stores. According to the National Association of Convenience Stores (NACS) 2019 State of the Industry Report, conventional cigarette sales are declining, but... Read more
Early snow threatens Western hemp, sends farmers scrambling
(This story has been updated with details from Oregon.)  Hemp farmers in the Western states were frantically harvesting their crops ahead of an early-season storm threatening cold temperatures and severe wind chill, potentially dumping as much as 50 inches of snow on their fields. Jamie Fitterer, the owner of... Read more
The USPTO Has Granted its First Hemp Plant Patent

A first(!): Charlotte’s Web Holdings, Inc. (“CWB Holdings”), operated by the famed Stanley brothers, has secured the first-ever patent for a hemp cultivar in the United States. CWB Holdings is now the proud owner of a plant patent for “a new and distinct hemp cultivar designated as ‘CW2A.’” Patent documents describe CW2A as a hardy…

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FDA to Clear a Path Within Four Months To Lawfully Market Hemp-Derived CBD Products

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in. Last week, both chambers showed they are not interested in waiting around for the FDA…

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5 Big Changes Are Coming to the CBD Market
A full year hasn’t passed since the 2018 Farm Bill made industrial hemp legal in the United States, but the market is still in a state of flux. This includes the hemp-derived CDB market, which is currently dominated by just a few brands despite the fact that there are... Read more
The FDA and FTC Regulatory Overlap Means Twice as Much Compliance for CBD Companies

Last week, the Federal Trade Commission (“FTC”) issued warning letters to three unnamed companies that advertised their CBD-infused products as treatments or cure for serious medical conditions. These warning letters are nothing new. As we have explained before, making medical claims about CBD-infused products is the perfect way of falling under the scrutiny of federal…

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