Elixinol has purchased a 25% stake in Altmeds, the manufacturer of hemp-derived CBD pet health brand Pet Releaf. The terms of the deal were not disclosed. Denver-based Altmeds already gets its CBD from Elixinol, a Colorado producer of hemp-derived CBD extract. The Altmeds investment allows Elixinol to gain a... Read more
A Texas proposal to open the nation’s second-largest state to the hemp farming boom could soon become a reality after House legislators gave the idea an important thumbs-up Tuesday. The legislation positions Texas to join at least 42 other states with legal hemp production. The measure passed without objection... Read more
by Courtney Maltais, The ClearNCIA’s Scientific Advisory Committee As outside industries fuse with the cannabis market, we will begin to see innovations that will flesh out our understanding of cannabinoids and how they interact with the human body. I had the opportunity to sit down with chemist Dr. Mark... Read more
Oklahoma Gov. Kevin Stitt’s freshly inked signature on legislation moves hemp from a pilot project to full commercial production plan under the 2018 Farm Bill. Stitt signed the bill on Thursday, with bipartisan support from state lawmakers. Rules should be in place in time to allow commercial production in... Read more
Everyone in the hemp industry seems to agree that voluntary safety regulations would help the burgeoning CBD industry avoid troublesome regulations from the federal government. Problem is, there’s little agreement on how it should be done. Manufacturers and retailers have been sniping for years over the best way to... Read more
Membership has its benefits.Hear more about why these NCIA members are part of the movement.Join today! Hear what’s most important about being a member of NCIA from: NCIA members lead the industry’s efforts to change national policy while enjoying benefits that provide a competitive advantage over isolated... Read more
Toronto-based cannabis investment firm Sol Global Investments has completed a nonbrokered private placement financing of common shares of its international hemp subsidiary, Heavenly Rx, for more than $12 million. As a result, Sol Global now holds 34.4% of Heavenly Rx’s shares, while the rest of the common shares were... Read more
North Dakota has lowered fees on hemp farmers and lifted a ban on flower and CBD production. The state ranked seventh in hemp acreage in 2018, even though the law previously limited hemp production to fiber and seed products. Gov. Doug Burgum signed the measure into law earlier this... Read more
The U.S. Department of Agriculture (USDA) has stepped in to assist hemp producers and exporters to bring hempseed to the United States now that the U.S. Drug Enforcement Administration (DEA) is not involved. In addition to the 2018 Farm Bill removing hemp and its derived products from the U.S.... Read more
Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp. Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado. More details can... Read more
