Australis backs out of deal for Colorado hemp firm Folium
Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis,... Read more
Minor cannabinoids offer higher prices and less federal oversight, but risks abound
Farmers feeling the effects of an oversupply of hemp for CBD are looking to minor cannabinoid production as another option to make the kind of profit margins they thought they would see from entering the hemp space. More hemp plant breeders are offering genetics for CBG production in 2020,... Read more
Former Burt’s Bees executive joins NC-based CBD company
Former Clorox and Burt’s Bees executive Phoebe Leppla is joining Open Book Extracts to lead the company’s product development efforts. Leppla previously led research and development teams at Burt’s Bees, and she spent a decade at The Clorox Co. before that. At Clorox, she specialized in “product innovation in... Read more
Fruit, vegetable giant latest to join smokable hemp industry
A major fruit and vegetable processor is entering the market for smokable hemp flower, converting a former pear and apple cannery in Washington state to hemp drying. Seneca Foods, a Nasdaq-listed (SENEA) company that processes fruits and vegetables from more than 2,000 farms across the U.S., said it has acquired... Read more
East Coast ornamental greenhouse partners exclusively with Front Range Biosciences
One of the top U.S greenhouses for ornamental plants plans to partner exclusively with Colorado-based hempseed production company Front Range Biosciences. Coastal Greenhouses, which operates six facilities in four East Coast states, joins a movement of ornamental greenhouses that have shifted to the hemp market amid decreasing profit margins and other... Read more
Agribusiness giant Syngenta adds hemp to its lobbying efforts
Another Big Agriculture company has acknowledged engaging in lobbying activity on behalf of industrial hemp. Syngenta AG, a major player in global agriculture with agronomic interests from plant breeding to crop protection, said it is monitoring industrial hemp regulations. Company officials say they are especially interested in the U.S.... Read more
Pennsylvania hemp processor closes operations, citing falling hemp, CBD prices
A major hemp processor based in Pittsburgh has folded, following the collapse of hemp and CBD market prices. Commonwealth Alternative Medicinal Options (CAMO) closed its 45,000-square-foot CBD processing facility on Monday, leaving a hole in the local supply chain, according to The Tribune-Review. Pennsylvania licensed 324 hemp farmers, who... Read more
Grocery giant Kroger lobbies on CBD after adding topicals to store shelves
The nation’s largest grocery store chain by revenue, Kroger, is now lobbying on CBD policy. The move comes after the grocery giant added CBD topicals to its store shelves in 17 states. According to Kroger lobbying disclosures, first reported by Cannabis Wire, the grocery giant reported spending roughly $190,000... Read more
How coronavirus in China could be a boon for US hemp producers
The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain. And this newest issue underscores the vulnerabilities in the global marketplace... Read more
SLIDESHOW: Products for hemp on display at the World Ag Expo
The staff of Hemp Industry Daily attended the World Ag Expo in Tulare, California, this week. Here are some of the new products for hemp cultivation and processing. (Click on the orange arrows to advance the slideshow.) Subscribe to our Newsletter Read more

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