American farmers were battered by economic headwinds before the COVID-19 pandemic ripped apart traditional supply chains – and the farm economy could drop even lower in 2021, according to a grim new report from the chief economist at the U.S. Department of Agriculture. The analysis posted last week by... Read more
(This story appears in the September issue of Marijuana Business Magazine.) With the regulatory landscape for CBD in Europe growing more and more tenuous, some hemp producers are adamant that plant fiber offers a way to prop up the industry. One such business is HempFlax, Europe’s largest independent hemp... Read more
by Sean Dawson, Director of IT Solutions at Office1 Integrating and measuring innovation for cannabis businesses can be daunting, mostly because cannabis has been considered illegal for decades. Luckily for the cannabis industry, the laws prohibiting the use of marijuana and marijuana products are tumbling down, and windows of... Read more
Three California men have been convicted for trying to boost the stock price of a shell CBD company by writing bogus press releases making it seem like the business was prospering. Chip Hackley, George Matin and Harold Minsky pleaded guilty to conspiracy, wire fraud and securities fraud, Law360.com reported.... Read more
NEW YORK, September 28, 2020 – Lawyers who represent clients in the fast-growing legal cannabis industry must keep up with an array of evolving guidelines and regulations. Legal Guide to the Business of Marijuana: Cannabis, Hemp and CBD Regulation, 2020 Edition, from leading legal publisher PLI Press, offers a... Read more
DEERFIELD BEACH, Fla., Sept. 15, 2020 /PRNewswire/ — In its continuous pursuit of wellness products that harness the power of plants to help consumers, Green Roads of Florida LLC launched the most comprehensive lineup of sleep products in the CBD industry. With six SKUs that span gummies, capsules, and ingestible... Read more
An Illinois hemp business is suing an Oregon company for nearly $3 million, alleging that it sold mobile hemp drying equipment that failed within a month. The lawsuit alleges that Grasco Hemp bought three drying units for more than $200,000 from Drying Solutions, but two if the units stopped... Read more
As the hemp industry awaits guidance from food and drug regulators on whether CBD will be permitted to be used as an ingredient in food and dietary supplements, the White House Office of Management and Budget continues to meet with companies and industry advocates to gain insight. In recent... Read more
(This story appears in the September issue of Marijuana Business Magazine.) Hemp has captured the imaginations of entrepreneurs for a few years now, and while the United States is experiencing a CBD-craze, it’s easy to forget there’s a whole world of hemp out there. And, depending on the country, not all of... Read more
(A version of this story first appeared at Marijuana Business Daily.) GW Pharmaceuticals’ plant-derived CBD drug Epidyolex received approval from Australia’s Therapeutic Goods Administration (TGA) to be used in treating seizures related to Lennox-Gastaut syndrome and Dravet syndrome for patients 2 and older. The approval is the third major... Read more
