Atlanta hemp company taps industry insider to test, validate CBD line
The president of the Cannabinoid Industry Association is joining an Atlanta-based hemp company, Verde Leaf, to lead testing and product development for a new subsidiary making CBD products. Priscilla Agoncillo will be board chairwoman and president of Medadex Pharma, a new subsidiary of the privately-held hemp grower and processor.... Read more
New Australian law looks to boost hemp exports after COVID-19 threat passes
A version of this story appeared earlier on Marijuana Business Daily International. Australia has amended its narcotics law to put hemp exporters in a position to “come out firing” after the COVID-19 crisis eases, the country’s agriculture minister said. The change aims to facilitate trade and growth of export... Read more
Slideshow: Honoring the top canines in cannabis on National Take Your Dog to Work Day
Meet the top dogs at Heroes of the Farm! Mr. Tony Chubbs Job Title: CEO, Boss, Farm Regulator, and Farm Mascot Job Responsibilities: Day-to-day activities include overseeing all farm staff, barking at every car that enters the property, running the show, and being an overall bada**. Mad Maxine Job... Read more
Credit unions get new guidance on working with hemp businesses
Officials from the National Credit Union Administration have outlined additional information on serving legal hemp businesses. A letter issued this week points out that hemp-related businesses have also been affected by the COVID-19 pandemic and that it is “important that credit unions stay current with the federal, state and... Read more
NY hemp company lands $100 million in acquisition restructuring plan
Multistate marijuana operator Acreage Holdings is getting $100 million to shore up a hemp-focused subsidiary, part of a restructuring announced Thursday with Canadian marijiana giant Canopy Growth Corp. Canopy announced plans to acquire Acreage last year. The restructuring includes a loan from Canopy so that Acreage’s hemp subsidiary, called... Read more
Canadian and Spanish hemp companies team up to distribute CBG in Canada
A Canadian biotechnology hemp company is entering an agreement with a Spanish company to produce and distribute a THC-free, high -CBG variety of the plant in Canada. Ottawa-based Cannabis Orchards’ partnership with Hemp Trading to get the hemp variety, called Panakeia, into the Canadian market comes after “successful distribution”... Read more
‘This is your moment:’ 5 tips on hemp investing from top analysts
Investors looking for a cannabis investment with less risk than the THC market have been snapping up hemp investments. But with falling crop prices, regulatory uncertainty, and a pandemic that has put the brakes on retail sales, it’s become a foggy picture for investors. It’s not all bad, however.... Read more
UK down-schedules CBD drug to lowest level for controlled drugs
The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing red tape for companies that supply it. The new classification came into force Wednesday. “This will reduce administrative processes for companies wanting to supply Epidyolex to... Read more
Hemp Industry Daily Conference Direct tackles industry’s biggest issues with more than 30 sessions
Hemp Industry Daily Conference Direct, scheduled for June 29th through July 1st, offers a state-of-the-art, immersive and interactive educational experience that delivers an unprecedented educational track for business professionals in the hemp industry. The conference will feature more than 30 Live and On-Demand sessions exploring the industry’s biggest issues... Read more
Multi-state hemp and CBD producer Entoura buys Atalo Holdings’ assets
This story has been updated to add the purchase price and correct Entoura’s headquarters to Nashville, Tennessee. Hemp producer Entoura, a privately held, vertically integrated hemp company, has acquired the assets of Atalo Holdings, a hemp producer and CBD manufacturer located in Winchester, Kentucky. Headquartered in Nashville, Tennessee, Entoura... Read more
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