Hemp groups pool resources to ensure path to CBD market in Europe
With time ticking down for CBD manufacturers to meet the UK’s deadline for having a validated EU novel food application in hand, two European hemp associations are pooling resources to meet the application’s requirements. The assistance on offer from the European Industrial Hemp Association in Germany and the Association... Read more
Former CBD exec tapped to lead iconic cannabis magazine High Times
Iconic cannabis magazine High Times has tapped Peter Horvath, former CEO of a nationwide CBD retailer, to lead its pivot into marijuana retail. High Times Holding Corp. announced the appointment Wednesday, less than two months after he left Ohio-based retailer Green Growth Brands. The departure came as the company sold... Read more
CBD producer announces deal to buy Swiss growing operation
A CBD and hemp-oil manufacturer in Colorado has plans to buy a cannabis-growing operation in Switzerland. CBD of Denver expects to close on the purchase of CBDWelt24 GmbH and its two hemp cultivation facilities in Switzerland by the end May. The purchase price was not disclosed. According to a statement... Read more
Inside or out? As mainstream greenhouses pivot to hemp, producers talk costs, rewards
Hemp plants in a hurry? There’s a hack for that. Hemp can get off to a stronger and faster start in farmers’ fields if it’s been properly germinated or rooted as young plants, greenhouse operators say. Growers can choose from a number of young plant inputs, based on their... Read more
Member Blog: IRC Section 471(c) of the TCJA May Mitigate the Curse of 280E for the Cannabis Industry
by Calvin Shannon, CPA, CVA, Principal at Bridge West LLC, and Nicholas J. Richards, Esq., Partner at GreenspoonMarder LLP On March 30, 2020, the Treasury Inspector General for Tax Administration issued a report titled “The Growth of the Marijuana Industry Warrants Increased Tax Compliance Efforts and Additional Guidance.” The 53-page... Read more
Former FedEx executive leading CBD startup in Tennessee
A former executive from FedEx and Hilton Worldwide will lead a new Tennessee CBD startup, called Hemp2Lab. Hemp2Lab’s 10,000-square-foot production facility in Rossville is about five to six weeks from opening, according to the Daily Memphian. The CBD oil the company makes with Oregon grower Big Top Farms will... Read more
USDA provides federal lending guidance for hemp growers
Federal agriculture officials have released new loan guidance for direct and guaranteed loans for hemp producers and to ensure the new commodity is recognized as legal through the U.S. Department of Agriculture’s Farm Service Agency. “While it’s understood that this new commodity will likely produce some servicing challenges because... Read more
Thursday webinar: CBD executives share tips on starting a business in uncertain times
The CBD market has attracted plenty of entrepreneurs, despite the nascent industry’s wild ride so far. Running a business won’t always go smoothly, but you can learn how to navigate uncertain times, whether it’s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily’s live webcast, “Starting... Read more
Member Blog: While You Are At Home – Time To Prepare For Achieving GMP Certification
by Merril Gilbert, CEO of Trace Trust and David Vaillencourt, CEO of The GMP Collective COVID-19 has altered everyone’s day to day life and has put a strain on the healthcare, food, distribution, insurance, and financial industries in ways we did not think possible just a few short months... Read more
A (Mostly) Non-COVID-19 Legislative Update
by Michelle Rutter Friberg, NCIA’s Deputy Director of Government Relations I don’t know about you, but it seems no matter where I look, everything is about COVID-19. And with good reason — many of us are still working from home, helping their families with distance learning, and overall dealing... Read more
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