Learn more about the latest cannabis market conditions in Europe at the European Market Passholder Day Forum at MJBizCon2020, coming up Nov. 23 or on demand anytime afterward. Kombinat Konopny, a hemp grower in Poland, raised 4.2 million zloty ($1.1 million) in an online fundraising campaign this week, reportedly... Read more
Hemp products manufacturer Vertical Wellness Inc. has bought a candy-making company to expand its reach into the edibles market. Vertical Wellness CEO Smoke Wallin said purchasing The Organic Candy Factory, based in California, is a “perfect segue” to expand into selling gummy-bear infused CBD products, Reuters reported Wednesday. The... Read more
The U.S. Drug Enforcement Administration is pushing back hard against a hemp association’s attempt to find out if the agency considers temporary byproducts of hemp production a Schedule 1 substance. The DEA told a federal judge this week that the agency “is not required to explain how the (rule)... Read more
A three-day FBI raid of 21 farms in the Shiprock area of the Navajo Nation in New Mexico destroyed more than a quarter-million marijuana plants that were allegedly grown illegally as unlicensed hemp. The raids by U.S., state and tribal law enforcement authorities started on Nov. 9 and involved... Read more
NCIA’s Annual Cannabis Business Summit & Expo, held virtually as the inaugural Cannabis Business Cyber Summit, was a great success! November 10-12, attendees took part in live programming and interaction, enjoying unmatched access to the cannabis industry’s leading experts, latest research, and most innovative products and services through the... Read more
A New York CBD maker wants $1.7 million from a North Carolina builder it hired to deliver prefabricated buildings for hemp extraction and processing. Hemp Productions Inc. of Poughkeepsie filed suit for damaged buildings it says it got from MCC Development Inc. of Asheville, North Carolina, and a fabricator,... Read more
Join Learn more about the FDA’s approach to CBD regulation at the Hemp Industry Daily Forum, part of MJBizCon 2020. Available Nov. 30 and on-demand through the end of the year. The hemp and CBD industry will be watching closely this week to find out whether federal regulators seem... Read more
A Colorado extraction company has hired a new director of sales. Greeley-based Vantage Hemp Co. said in a news release Tuesday Christian Santi’s responsibility will be to expand the company’s sales in the U.S., Europe and South America. “The addition of Christian to our team reinforces our promise for... Read more
by Madeline Grant, NCIA’s Government Relations Manager Following the presidential election, we’ve entered the lame-duck session. This occurs after an election, but before new members are sworn in, and allows for time on the legislative calendar for Congress to pass additional legislation. Before Congress heads home for the holidays,... Read more
Creditors of bankrupt Kentucky hemp producer GenCanna, now called OGGUSA Inc., have a settled a plan to get $1.1 million cash plus a 15% cut of future collections from lawsuits. The deal, first reported by Law360, settles claims by OGGUSA’s creditors. They’ll be in line to receive a cut... Read more
