An Illinois hemp business is suing an Oregon company for nearly $3 million, alleging that it sold mobile hemp drying equipment that failed within a month. The lawsuit alleges that Grasco Hemp bought three drying units for more than $200,000 from Drying Solutions, but two if the units stopped... Read more
As the hemp industry awaits guidance from food and drug regulators on whether CBD will be permitted to be used as an ingredient in food and dietary supplements, the White House Office of Management and Budget continues to meet with companies and industry advocates to gain insight. In recent... Read more
(This story appears in the September issue of Marijuana Business Magazine.) Hemp has captured the imaginations of entrepreneurs for a few years now, and while the United States is experiencing a CBD-craze, it’s easy to forget there’s a whole world of hemp out there. And, depending on the country, not all of... Read more
(A version of this story first appeared at Marijuana Business Daily.) GW Pharmaceuticals’ plant-derived CBD drug Epidyolex received approval from Australia’s Therapeutic Goods Administration (TGA) to be used in treating seizures related to Lennox-Gastaut syndrome and Dravet syndrome for patients 2 and older. The approval is the third major... Read more
Oregon agriculture officials recently released the state’s top 20 commodities list – but despite earlier assertions that hemp will become a top crop, it isn’t even on the list yet. The Oregon Department of Agriculture announced its top 20 agricultural commodities this week, noting that cannabis crops including hemp... Read more
(A version of this story appeared on Marijuana Business Daily.) As extreme weather events ravage the country from coast to coast – including wildfires, floods and early freezes – hemp and marijuana growers are being forced to reevaluate their risks and consider changes to their cultivation practices. Outdoor growers,... Read more
A drug delivery and development company in California said Thursday it has wrapped an agreement to acquire a CBD beauty, wellness and pet product maker for $20 million. CURE Pharmaceutical completed its purchase of Sera Labs for $19 million in CURE stock and $1 million in cash, with an... Read more
Entrepreneurs in the smokable hemp sector have reason to hope that tobacco consumers may convert at least partially to hemp products within the next year. That’s because 29% of cigarette and cigar users have indicated they are willing to try these products, according to research by Nielsen Global Connect,... Read more
California CBD maker Papa & Barkley has expanded distribution from 20 states to 48 states thanks to new distribution deals with retailers including wellness retailer The Vitamin Shoppe. Papa & Barkley, based in Eureka, California, says the deals take its CBD retail presence from 462 retail locations to 1,034... Read more
A hempseed breeder who developed a high-CBD variety is accused of wrongly selling the propietary strain to Canadian cannabis giant Canopy Growth for $3.8 million. A lawsuit filed this week in Oregon accuses Paul Smith, CEO and chief genetics officer for the former company Your Custom Genetics Holdings LLC,... Read more
