Canopy Growth’s NY hemp facility to receive $1.7 million tax break
The Canadian cannabis producer building an industrial park for hemp processing in New York state would get a hefty property tax break under a new plan hatched by a local economic development group. The Broome Industrial Development Agency said Canopy Growth will receive a standard 15-year payment-in-lieu-of-taxes deal that... Read more
Germany will call CBD a ‘novel food’ under EU guidelines
Germany will refer to CBD as a “novel food” going forward, following the direction of the European Union (EU), which has ruled that the cannabinoid and products containing cannabidiol can’t be yet be sold without additional safety research. The novel foods distinction is given to products if they have... Read more
Behind the scenes in a Kentucky ornamental powerhouse that converted to hemp
ColorPoint currently grows 54,000 mother stock plants in its 2 million-square-foot, state-of-the-art, environmentally controlled and fully automated greenhouse facility. The mothers are used to produce clones for the network of farmers growing outdoors for AgTech Scientific and for indoor flower production in the greenhouse year-round. ColorPoint currently grows 54,000... Read more
Canopy Growth gets green light to move forward with suit against CA hemp farm
Canadian cannabis giant Canopy Growth has the go-ahead to continue its lawsuit against a California farm it accuses of misusing a deposit and killing hemp plants worth millions. Canopy Growth is suing Research and Development Farming (RDF) of California’s Central Valley, which contracted to grow 500 acres of hemp for the Ontario... Read more
Pennsylvania hemp facility shuttered amid wage delays, possible code violations
(This story has been updated with company reaction. It also has been corrected to say the facility was shuttered Wednesday, not Thursday.) A Pennsylvania hemp facility has been shut down by local authorities after its owners allegedly ignored code requirements. But warehouse owner Patriot Shield, a Colorado-based security and transportation... Read more
Cross-pollination drives growing disputes between marijuana, hemp farmers
Cross-pollination remains a threat to hemp and marijuana farmers, no matter how much care they take to prevent the situation. (Photo courtesy of Sam Robison) (A version of this story appeared earlier at Marijuana Business Daily.) Outdoor marijuana and hemp farmers are increasingly coming to loggerheads over pollen drift,... Read more
Member Blog: Best Practices For Safe Vaping – Has The Industry Been Looking In All Directions?
By Kristin Archer, The Kanvas Co.Member of NCIA’s Safe Vaping Task Force The headlines in the news are practically unavoidable: as of October 31, 2019, the Center for Disease Control and Prevention reports 1,888 cases of lung injury in 49 states caused by vaping. While the majority of these... Read more
Member Blog: What To Know About Cannabis Business Valuations
By Melissa Diaz, CFO, Rebel Rock The rapid growth and ever-evolving nature of the cannabis industry has resulted in wild and hyperinflated business valuations, making it extremely difficult for companies to zero in on a fair valuation as they seek to acquire or be acquired in the up-and-coming field. ... Read more
‘They just suffocated the farmers’: Proposed THC testing for hemp sparks industry backlash
Farmers and ancillary hemp businesses are not happy with the THC testing standards outlined within the U.S. Department of Agriculture’s (USDA) interim federal rules for hemp production. The rules require that hemp crops not exceed 0.3% total THC, which is derived from the sum of delta-9 THC and THCA content,... Read more
Charlotte’s Web blames lack of FDA direction for slow revenue growth
CBD giant Charlotte’s Web said slow action by federal health regulators is causing disappointing growth in mass-market retail channels. The Boulder, Colorado, company told investors Wednesday that “a lack of regulatory direction” from the U.S. Food and Drug Administration (FDA) is slowing growth in food, drug and mass (FDM)... Read more

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