Federal agriculture officials selected a lone representative from the hemp industry for a committee offering advice on trade policy to the U.S. Department of Agriculture and the Office of the U.S. Trade Representative. Kevin Latner, the vice president of marketing for the National Industrial Hemp Council, was appointed to... Read more
Hemp investors can look at deals both in the U.S. and beyond for money-making potential. In recent years, opportunities to invest in hemp companies have opened up around the world and countries are creating more markets. In a Hemp Industry Daily webinar, “Global Opportunities in Hemp and How to... Read more
Control over GenCanna, a Kentucky hemp and CBD company that had filed for Chapter 11 bankruptcy in February is now being disputed in a 6th circuit bankruptcy appellate court. Massachusetts-based cannabis company MariMed, a major stakeholder in GenCanna, filed a notice Thursday showing intent to appeal an order from... Read more
(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) When the Great Recession hit in late 2007, the cannabis industry showed little resemblance to what it is today, with only a few businesses operating now that were open then. Today,... Read more
South Dakota is closer to submitting a final proposal to regulate hemp to the U.S. Department of Agriculture, but it’s likely a framework won’t be in place for this growing season. South Dakota officials sent a draft plan Thursday for the USDA’s review before a final submission, KELOLAND News... Read more
Two large-scale Kentucky hemp companies have expanded their strategic alliance by adding a toll processing and drying technology swap to the deal. GenCanna Acquisition Corp., formerly GenCanna Global, a seed-to-sale hemp and CBD company based in Winchester, Kentucky, and Vertical Wellness, a Cadiz, Kentucky-based vertically integrated hemp and cannabinoid... Read more
The Good Ole Hemp farm in St. Cloud, Minnesota. (Photo courtesy of Josh Helberg, owner of Good Ole Hemp) Federal agriculture officials with the U.S. Department of Agriculture signed off on hemp production plans for two states and a U.S. territory this week. Minnesota, which has been a hemp... Read more
A Massachusetts investment fund is suing a Florida hemp company, saying investors were scammed of $350,000. Auctus Fund is accusing Hemp Naturals Inc. of: breach of contract. unjust enrichment. fraud and deceit. negligent representation. The Auctus lawsuit filed Monday in Massachusetts federal court says Hemp Naturals has failed to... Read more
The Hemp Industries Association is closing its 13 affiliates nationwide and forming a group to recommend a new structure for the nonprofit advocacy organization. The HIA board’s decision announced Thursday comes during a time of great tumult for the organization, with departures from high-profile leaders over the last year... Read more
National hemp groups are organizing a campaign to establish a checkoff program – a sometimes-acrimonious system designed to raise money for industry research and promotion by taxing those who profit from the plant. Checkoffs exist for nearly a dozen U.S. commodities, and in the case of the dairy industry,... Read more
