Montana hemp grower pursues reverse takeover in bid to go public in Canada
A Montana hemp producer plans to go public in Canada via a reverse takeover, becoming the latest U.S. cannabis business to get its shares listed north of the border through an RTO. Vitality CBD Natural Health Products, a privately held company in Eureka, Montana, is seeking to trade on the... Read more
New Mexico finalizes hemp rules in time for 2019 crop
New Mexico authorities have finalized hemp rules in time for farmers to produce the state’s first legal harvest in 2019. The regulations proposed by the New Mexico Department of Agriculture were approved late last week. New Mexico will set different hemp fees for outdoor grows versus indoor or greenhouse... Read more
Iowa opens medical CBD sales Saturday under cloud of confusion
Iowa’s first licensed medical cannabis producer is walking a fine line as his state opens CBD sales Saturday. On one hand, Iowa has gone to great lengths to say that it will allow only cannabidiol products, not THC goods. On the other hand, MedPharm Iowa is growing cannabis that... Read more
VIDEO: Member Spotlight – Growcentia
Based in Fort Collins, Colorado, NCIA member Growcentia specializes in organically-derived microbial nutrients, as well as agricultural research and development in both outdoor and greenhouse cultivation. Meet some of the Growcentia team to learn more about their work in both the laboratory and in the fields, and the challenges... Read more
Cannabis-waste recycler wins Colorado grant to develop aftermarket hemp products
A cannabis-waste startup has been selected to receive a $250,000 grant from Colorado to find aftermarket uses for hemp and marijuana waste. 9Fiber of Silver Spring, Maryland, plans to process waste hemp and marijuana stalks for industrial purposes such as bioplastics, construction materials and animal bedding. The company expects to... Read more
Kentucky tobacco company buys stake in hemp manufacturer
Citing increased CBD sales, a Kentucky tobacco company is getting into CBD manufacturing. Turning Point Brands said it is buying an ownership stake in Canadian American Standard Hemp (CASH), a privately held company in Warwick, Rhode Island. CASH, a hemp-derived cannabinoid producer, manufactures white-label CBD tinctures, topicals, capsules and... Read more
Earnings roundup: Charlotte’s Web sales up 57%; GW Pharmaceuticals losses widen
CBD product sales boosted Charlotte’s Web Holdings’ revenues in the third quarter, while CBD drugmaker GW Pharmaceuticals saw its losses widen on lagging sales in its fiscal fourth quarter and full year. Charlotte’s Web (CSE: CWEB) reported revenue grew 57% to $17.7 million compared with last year’s $11.3 million... Read more
Wisconsin extends deadline for applications to grow hemp
Wisconsin state regulators are giving prospective hemp farmers another two months to apply for licenses for the 2019 growing season. The Department of Agriculture, Trade and Consumer Protection (DATCP) announced that it’s extending the deadline for new license applications and existing registration renewals from Dec. 31 to March 1.... Read more
Expand your network, meaningfully. As the industry grows, it’s increasingly important for you to harness only the most efficient opportunities to expand your business’ reach. NCIA’s new Industry Socials were designed to meet the demand for more meaningful, quality networking opportunities in new cities and emerging markets... Read more
End of Year Appropriations Deadline Looms
By Michelle Rutter, NCIA Government Relations Manager As 2018 comes to an end, so does the 115th Congress. But, before the 116th Congress is sworn-in in January, an appropriations agreement must be reached before December 7, when the continuing resolution (CR) that is in place expires. That means if... Read more
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