Here at NCIA’s Washington, D.C. office, we’ve been alluding to this moment for quite awhile, and it’s finally happened! Last week, HR 1595: the Secure and Fair Enforcement (SAFE) Banking Act was introduced in the House of Representatives by Reps. Ed Perlmutter (D-CO) and Denny Heck (D-WA). In a... Read more
Recently, NCIA’s Policy Council contributed toward a larger effort by the Minority Cannabis Business Association (MCBA) to create model social equity legislation for cities across the country. The legislation’s drafting committee started with the basic framework of the RESPECT Resolution introduced by Congresswoman Barbara Lee in 2018. The drafters also... Read more
The hemp industry wants faster rule-making, immediate hemp-transportation laws that were promised under the 2018 Farm Bill, common national THC-testing standards and an end to restrictions on imported seed in time for the 2019 season. Those were some of the top requests in the U.S. Department of Agriculture’s (USDA)... Read more
CBD giant CV Sciences posted $10.2 million in profit last year, a big improvement from 2017, when the company lost roughly $4.9 million, according to the firm’s year-end fiscal report. The San Diego company, which produces Plus CBD Oil products, cited distribution growth in natural-product retail locations for its improved... Read more
The hopes for legal hemp production in South Dakota came to a halt when Gov. Kristi Noem vetoed a bill approved by the state’s Legislature. Concerned that South Dakota was “not ready” for legalized hemp production because it would prove too difficult for law enforcement to regulate, Noem previously... Read more
The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year... Read more
Wyoming plans to launch a hemp industry in a matter of weeks after Gov. Mark Gordon signed the first state-level hemp law since passage of the 2018 U.S. Farm Bill. Wyoming’s law gives the state an opportunity to chart its own course on the new industry instead of waiting for... Read more
by Frank Nisenboum, e2b teknologies Owners, presidents, and CEOs understand that you have to spend money to make money but it’s often difficult to justify investing in Enterprise Resource Planning (ERP) software when you could spend that money on new equipment or other tangible assets. Implementing the right ERP... Read more
Hemp and CBD industry leaders expressed mixed reactions to this week’s resignation of U.S. Food and Drug Administration (FDA) Commissioner Dr. Scott Gottlieb. Gottlieb’s resignation came just as the industry was hoping the FDA would start work on developing a framework for how cannabidiol could be regulated for inclusion... Read more
The owners of a West Virginia hemp farm were cleared of federal drug charges after they were accused of violating the federal Controlled Substances Act for purchasing seeds from Kentucky. A U.S. district court judge dismissed the case against Grassy Run Farms and its affiliated company Commonwealth Alternative Medical Options... Read more
