Hemp is seeing a new heyday. More countries are expanding their industrial hemp programs, even as confusion continues to reign around the valuable extract, CBD. One just needs to look at Europe to see the opportunities that abound—if the finer details of legality can be navigated. Welcome to the... Read more
(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) Recessions are a time for cost control, but they can also herald opportunity — especially if your industry proves as resilient as cannabis appears to be in the current downturn. Deciding... Read more
Colorado hemp producer and CBD maker Charlotte’s Web on Tuesday revealed the latest farm art installation in a campaign to promote hemp for consumer health. Charlotte’s Web unveiled part three of its “Trust The Earth” campaign, a 76-acre farm art installation in McPherson, Kansas, as part of an effort... Read more
The European Commission has decided to halt “novel foods” applications to infuse edibles with CBD because it’s considering labeling the ingredient as related to narcotics. European Union regulators have said that cannabinoid extracts such as CBD are subject to a 1997 provision called the Novel Food Regulation, a set... Read more
Federal agriculture officials selected a lone representative from the hemp industry for a committee offering advice on trade policy to the U.S. Department of Agriculture and the Office of the U.S. Trade Representative. Kevin Latner, the vice president of marketing for the National Industrial Hemp Council, was appointed to... Read more
Hemp investors can look at deals both in the U.S. and beyond for money-making potential. In recent years, opportunities to invest in hemp companies have opened up around the world and countries are creating more markets. In a Hemp Industry Daily webinar, “Global Opportunities in Hemp and How to... Read more
Control over GenCanna, a Kentucky hemp and CBD company that had filed for Chapter 11 bankruptcy in February is now being disputed in a 6th circuit bankruptcy appellate court. Massachusetts-based cannabis company MariMed, a major stakeholder in GenCanna, filed a notice Thursday showing intent to appeal an order from... Read more
(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) When the Great Recession hit in late 2007, the cannabis industry showed little resemblance to what it is today, with only a few businesses operating now that were open then. Today,... Read more
South Dakota is closer to submitting a final proposal to regulate hemp to the U.S. Department of Agriculture, but it’s likely a framework won’t be in place for this growing season. South Dakota officials sent a draft plan Thursday for the USDA’s review before a final submission, KELOLAND News... Read more
Two large-scale Kentucky hemp companies have expanded their strategic alliance by adding a toll processing and drying technology swap to the deal. GenCanna Acquisition Corp., formerly GenCanna Global, a seed-to-sale hemp and CBD company based in Winchester, Kentucky, and Vertical Wellness, a Cadiz, Kentucky-based vertically integrated hemp and cannabinoid... Read more
