Kentucky hemp processor and CBD product manufacturer GenCanna Global has named veteran executive Andrew Barnett as its new CEO. The move came with the completion of selling the majority of GenCanna Global’s assets to MGG Investment Group, a New York-based private direct lender that was also one of the... Read more
Two similar federal lawsuits against PetSmart were voluntarily dismissed by plaintiffs who accused the company of selling hemp products for pets without approval from the U.S. Food and Drug Administration. The attorney representing the plaintiffs in both lawsuits filed paperwork Friday saying the parties were dropping their claims “without... Read more
Portland, Oregon-based Resource Innovation Institute (RII) is hoping to establish standards for water quality and water use for hemp and marijuana cultivators, including both indoor and outdoor growers. Members of the cannabis industry have been calling for standards across sectors for years, though few have been put in place.... Read more
Smokable hemp looks set to remain legal in North Carolina next year after the state’s General Assembly sent the state’s farm bill to the governor without new regulations for the hemp industry. The Senate gave final approval on Thursday to a compromise measure that also got House support on... Read more
Storefronts are re-opening and farms are commencing with planting season, and hemp and CBD businesses continue to seek out loans and disaster relief money as economic recovery begins. Hemp industry members bristled at an announcement from federal agriculture officials in late May that money set aside for farmers wouldn’t... Read more
A Canadian company that makes natural nonwoven fibers says it has raised $3.3 million, mostly from angel investors, to help finish developing a proprietary processing plant in Europe. Victoria, British Columbia-based Bast Fibre Technologies made the announcement this week, saying the investors are buying common shares and will get... Read more
Canadian CBD company NewLeaf Brands Inc. is changing its name to Mydecine Innovations Group Inc. to reflect its focus on developing strains of psychedelic mushrooms. The Vancouver, British Columbia-based company will now be called Mydecine Innovations Group Inc. and its ticker on the Canadian Stock Exchange is changing from NLB to... Read more
The market for exporting hemp from Colombia to the rest of the world is getting off the ground and Manuel Baselga sees a bright future for the commodity in his country. Baselga is co-founder and board member of Savanna Ventures, a venture capital firm investing in cannabis companies internationally,... Read more
Lawmakers in North Carolina stripped all proposed hemp regulation from the state’s farm bill in order to get it passed, surrendering their attempt to put more permanent guidelines in place following a months-long spat between farmers and law enforcement over smokeable hemp. State lawmakers in the House voted 86-34 in... Read more
As hemp and CBD companies begin to reopen and get back to work with employees on site, there are many actions they can take to keep employees and customers safe. Jonathan Vaught, CEO and founder of plant breeder and young plant provider Front Range Biosciences in Fort Collins, Colorado,... Read more
