by Gary Cohen, CEO of Cova When it comes to opening a successful marijuana dispensary or cannabis retail store, the importance of building a strong, trustworthy team simply cannot be understated. Depending on the rules of your market, you may even be required to have certain positions filled before... Read more
by Angela Lucas, Managing Partner and Co-Founder, Sterling Compliance, LLCMember of NCIA’s Banking & Financial Services Committee During a recent webinar, we polled the audience on their current positions on offering financial services – traditional financial services – to direct marijuana-related businesses (MRBs). The results, as you might imagine,... Read more
Washington state and Wyoming are the latest states to get approval from the U.S. Department of Agriculture to run their own hemp oversight. The USDA also approved three American Indian Tribes: The 2018 Farm Bill said that states and tribes could run their own hemp oversight – but only with... Read more
Agriculture officials in Louisiana have begun issuing the first hemp production and handling licenses to farmers, processors and transporters, while businesses ranging from gas stations to pharmacies have received the go-ahead they need to sell products containing CBD in the state. As one of the first three states to... Read more
Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis,... Read more
Farmers feeling the effects of an oversupply of hemp for CBD are looking to minor cannabinoid production as another option to make the kind of profit margins they thought they would see from entering the hemp space. More hemp plant breeders are offering genetics for CBG production in 2020,... Read more
Former Clorox and Burt’s Bees executive Phoebe Leppla is joining Open Book Extracts to lead the company’s product development efforts. Leppla previously led research and development teams at Burt’s Bees, and she spent a decade at The Clorox Co. before that. At Clorox, she specialized in “product innovation in... Read more
A major fruit and vegetable processor is entering the market for smokable hemp flower, converting a former pear and apple cannery in Washington state to hemp drying. Seneca Foods, a Nasdaq-listed (SENEA) company that processes fruits and vegetables from more than 2,000 farms across the U.S., said it has acquired... Read more
One of the top U.S greenhouses for ornamental plants plans to partner exclusively with Colorado-based hempseed production company Front Range Biosciences. Coastal Greenhouses, which operates six facilities in four East Coast states, joins a movement of ornamental greenhouses that have shifted to the hemp market amid decreasing profit margins and other... Read more
Another Big Agriculture company has acknowledged engaging in lobbying activity on behalf of industrial hemp. Syngenta AG, a major player in global agriculture with agronomic interests from plant breeding to crop protection, said it is monitoring industrial hemp regulations. Company officials say they are especially interested in the U.S.... Read more
