Federal agriculture officials have determined that hemp farmers don’t qualify for a $16 billion fund designated for farmers who saw price drops because of the novel coronavirus. Based on data representing on-farm prices from January to April 2020, the national price for hemp crops decreases during the first quarter... Read more
A Missouri hemp company is being sued for allegedly sending unsolicited advertising texts, the latest cannabis firm accused of violating federal laws against spamming. The federal lawsuit, filed Aug. 7 in Vermont, accuses Native Hemp Co. of using an automated dialing system “to bombard consumers’ mobile phones with non-emergency... Read more
Meetings continue between hemp advocates and the White House, signaling that the U.S. Food and Drug Administration’s CBD Enforcement Policy remains under review. On Thursday, hemp and cannabis attorney Shawn Hauser, a partner with Denver-based law firm Vicente Sederberg, along with Eric Steenstra, president of industry advocacy group Vote... Read more
Before he became a full-fledged advocate for full-spectrum cannabinoid products, Tim Gordon admits he was fascinated with the potential of CBD alone. “My passion was CBD and understanding this Swiss Army knife of molecules,” Gordon told Hemp Industry Daily editor Kristen Nichols during HID’s latest webinar. Gordon, the founder... Read more
CBD vape manufacturers and retailers in Germany will face a marketing and regulatory minefield starting in January because of recent changes to the country’s tobacco law. Under legislation passed by the German Bundestag on July 2, non-nicotine e-cigarettes and refillable containers will be regulated the way that their nicotine... Read more
As the deadline approaches for implementing a single set of nationwide hemp-production rules, states and industry associations are pressuring the U.S. Department of Agriculture for a delay, warning the federal agency that several states won’t meet the deadline. But so far, the feds don’t seem inclined to budge. Nearly... Read more
Nanaimo, British Columbia-based Tilray halved its net loss to $81.7 million for the second quarter ended June 30, a substantial improvement over the previous quarter’s $184.1 million deficit. However, the cannabis and hemp producer reported lower sequential revenue in most of its important categories. Tilray trades as TLRY on... Read more
A Nevada hemp and marijuana breeder is looking for Chapter 11 bankruptcy protection, telling a federal court that COVID-19 shutdowns in Europe left the company unable to pay its debts. Pharmagreen Biotech in Carson City breeds cannabis clones – sometimes called liners, plantlets or young plants – for sale... Read more
A Massachusetts federal judge ruled that another lawsuit against a CBD maker alleging incorrect labeling will be delayed, “pending forthcoming FDA regulations on the products at issue.” Judge Allison D. Burroughs issued the ruling Tuesday, saying she was granting the defendant, Global Widget, a request to stay the case.... Read more
Neptune Wellness Solutions, a Laval, Quebec-based CBD extractor and manufacturer, reported revenue of $16 million (CAD $21.4 million) for the fiscal quarter ended June 30, up 390% from the same period a year ago. But the company, which grows marijuana in Canada and hemp in North Carolina, reported a... Read more
