Canadian marijuana giant Aurora Cannabis is getting deeper into the hemp space, announcing Tuesday that it plans to acquire the rest of a hemp company it partially purchased last year. Aurora said it will buy the remaining outstanding shares of Hempco Food and Fiber, which makes hemp foods and nutritional... Read more
Florida Agriculture Commissioner Nikki Fried believes state legislators are ready to embrace hemp. Florida’s farmers are hopeful that hemp will become legal in the state in time to plant this year. The idea also is gaining popularity among lawmakers, with hemp legislation making its way through the Florida state... Read more
Colorado-based PHM Brands, which specializes in agricultural-based ingredients and blended products, is venturing into industrial hemp, starting with a CBD factory in Indiana. PHM purchased a Prinova wheat germ plant in Michigan City, Indiana, but found that demand and sales for that product were short. The company opted to instead convert... Read more
The stability that the 2018 Farm Bill was supposed to bring to the hemp industry remains elusive, particularly on the banking front, where a risk-averse industry has been pulling its previously dipped toes out of the water. U.S. Bank’s payments processing subsidiary Elavon recently opted to pull out of... Read more
A global agricultural research firm called hemp farming a risky business based on inconsistent pricing and production data and an unstable market. RaboResearch Food & Agribusiness said that while the U.S. hemp industry is poised for growth, there are serious financial, regulatory and agronomic risks that farmers and investors must... Read more
Kansas is taking steps toward allowing more farmers to grow hemp for commercial use under a measure Gov. Laura Kelly signed into law Monday. The law takes effect later this month and replaces a state program for researching hemp with a program that allows commercial production. Lawmakers authorized the... Read more
Loveland, Colorado-based Mile High Labs – a manufacturer of CBD crude oil, distillate and isolate – is borrowing $65 million to buy “millions of pounds” of pelletized hemp for CBD extraction. The company closed on the debt facility with investment firm MGG Capital. The term loan comes less than six... Read more
by Albert Marks, Cannabis Facility Construction As more investors consider the cannabis industry as a growth market, the need for cannabis cultivation facilities, processing centers and dispensaries is projected to rise to keep pace with demand. A report from New Frontier Data projects that by 2020 the legal cannabis... Read more
Photo by Media Collaboratory The Farm Bill’s passage presents marijuana cultivators, extractors, manufacturers and retailers with a boatload of federally legal business opportunities by way of hemp-derived CBD. But the pivot from a mainly marijuana company to a CBD company is fraught with regulatory hurdles, gray areas and logistical... Read more
Assuming the U.S. Food and Drug Administration develops health and safety regulations for CBD products, larger hemp companies with more capital may be poised to gobble up mom-and-pop hemp companies to supply big consumer-packaged-goods companies with CBD. In other words, the hemp industry may grow in acreage but contract... Read more
