Montana hemp grower pursues reverse takeover in bid to go public in Canada
A Montana hemp producer plans to go public in Canada via a reverse takeover, becoming the latest U.S. cannabis business to get its shares listed north of the border through an RTO. Vitality CBD Natural Health Products, a privately held company in Eureka, Montana, is seeking to trade on the... Read more
New Mexico finalizes hemp rules in time for 2019 crop
New Mexico authorities have finalized hemp rules in time for farmers to produce the state’s first legal harvest in 2019. The regulations proposed by the New Mexico Department of Agriculture were approved late last week. New Mexico will set different hemp fees for outdoor grows versus indoor or greenhouse... Read more
Iowa opens medical CBD sales Saturday under cloud of confusion
Iowa’s first licensed medical cannabis producer is walking a fine line as his state opens CBD sales Saturday. On one hand, Iowa has gone to great lengths to say that it will allow only cannabidiol products, not THC goods. On the other hand, MedPharm Iowa is growing cannabis that... Read more
Cannabis-waste recycler wins Colorado grant to develop aftermarket hemp products
A cannabis-waste startup has been selected to receive a $250,000 grant from Colorado to find aftermarket uses for hemp and marijuana waste. 9Fiber of Silver Spring, Maryland, plans to process waste hemp and marijuana stalks for industrial purposes such as bioplastics, construction materials and animal bedding. The company expects to... Read more
Kentucky tobacco company buys stake in hemp manufacturer
Citing increased CBD sales, a Kentucky tobacco company is getting into CBD manufacturing. Turning Point Brands said it is buying an ownership stake in Canadian American Standard Hemp (CASH), a privately held company in Warwick, Rhode Island. CASH, a hemp-derived cannabinoid producer, manufactures white-label CBD tinctures, topicals, capsules and... Read more
Earnings roundup: Charlotte’s Web sales up 57%; GW Pharmaceuticals losses widen
CBD product sales boosted Charlotte’s Web Holdings’ revenues in the third quarter, while CBD drugmaker GW Pharmaceuticals saw its losses widen on lagging sales in its fiscal fourth quarter and full year. Charlotte’s Web (CSE: CWEB) reported revenue grew 57% to $17.7 million compared with last year’s $11.3 million... Read more
Wisconsin extends deadline for applications to grow hemp
Wisconsin state regulators are giving prospective hemp farmers another two months to apply for licenses for the 2019 growing season. The Department of Agriculture, Trade and Consumer Protection (DATCP) announced that it’s extending the deadline for new license applications and existing registration renewals from Dec. 31 to March 1.... Read more
North Dakota court asked to ignore CBD’s legal status as retailer appeals drug conviction
Photo by Bobak Ha’Eri A tobacco-shop owner appealing his drug conviction said the products he sold were perfectly legal, but prosecutors want North Dakota’s highest court to leave that question to a jury. The North Dakota Supreme Court heard arguments this week in the case of Falesteni A. Abu Hamda,... Read more
New Jersey authorizes hemp but gives no timetable and few details
In a new state statute authorizing hemp production, New Jersey has directed agriculture authorities to promote the plant “to the maximum extent permitted by federal law.” But the Garden State provided few details on what that means. The law, signed last week by New Jersey Gov. Phil Murphy, calls hemp a... Read more
Hemp Industry Daily to resume publishing on Monday
Hemp Industry Daily is closed for the Thanksgiving weekend and will resume publishing on Monday. We hope you and yours have a happy holiday! Subscribe to our Newsletter Read more
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