Hemp farmers and businesses could get additional banking and financing help if the $3 trillion coronavirus stimulus bill introduced Tuesday by U.S. House Democrats becomes law. The SAFE Banking Act, which passed the House last September but has stalled in the Senate, is included in its entirety in the... Read more
Hemp grain and food producers interested in tapping federal assistance have a new option for finding out how to apply. The U.S. Department of Agriculture has scheduled a webinar for Thursday at 1 p.m. EDT for producers interested in applying for direct payments through the Coronavirus Food Assistance Program. The program... Read more
Farmers in Texas are showing great enthusiasm for producing hemp, with interest in growing flower and biomass for cannabinoid production and fiber to complement their cotton crops. That has Coleman Hemphill, president of the Texas Hemp Industries Association, a little worried. He told Hemp Industry Daily that he is... Read more
A California coffee company says it has broken ground on a project to build a hemp grow and processing facility in Nicaragua as part of an agreement with a cooperative there. Youngevity International of Chula Vista announced the groundbreaking Tuesday, saying two of its U.S. subsidiaries, including one that... Read more
CBD maker GW Pharmaceuticals lost $8 million in its latest quarter – an improvement over the previous three-month period – but the United Kingdom-based medical cannabinoid company warned the COVID-19 pandemic could hit sales if fewer patients visit their doctors. Revenue in the quarter ending March 31 reached $120.6 million,... Read more
(Editor’s note: This is part of a series on California’s hemp industry. To read the previous installment, click here.) A proposal to legalize hemp-derived extracts in food and beverages in California is on hold as lawmakers focus on coronavirus-related legislation to help the economy, but the bill’s sponsor says she’s... Read more
Hemp Industry Daily hosted a webinar looking at ways CBD and hemp businesses can navigate the challenges of operating in the U.S. during the COVID-19 pandemic. In the free webinar, Hemp Industry Daily reporter Ivan Moreno talks with two executives with experience launching their own businesses. They offered guidance and tips on:... Read more
As planting season approaches, Massachusetts’ proposed state hemp regulations have received federal approval from the U.S. Department of Agriculture. The state enacted laws governing marijuana and hemp production in 2017, allowing hemp to be grown legally under the 2014 pilot program with oversight by the Massachusetts Department of Agricultural... Read more
What’s it like launching a company during a pandemic? The new blank-check company Collective Growth Corp. had two things working against it when it was slated to launch an initial public offering (IPO) on March 17 – a global pandemic and the end of an 11-year bull market, said... Read more
A group of investors says a Canadian cannabis producer misled them when it said it was acquiring a UK-based agricultural company that could “almost immediately” start exporting hemp and CBD products to the European Union. Afederal lawsuit filed in New York Thursday alleges that the representations Sundial Growers, Inc.... Read more
