The president of the Cannabinoid Industry Association is joining an Atlanta-based hemp company, Verde Leaf, to lead testing and product development for a new subsidiary making CBD products. Priscilla Agoncillo will be board chairwoman and president of Medadex Pharma, a new subsidiary of the privately-held hemp grower and processor.... Read more
My journey into the cannabis industry did not follow the typical route and actually did not begin long ago. In February, just over five months ago, I was hired to be the COO at NCIA. Other than this whole COVID-19 thing, I’m really enjoying working with the talented and... Read more
A version of this story appeared earlier on Marijuana Business Daily International. Australia has amended its narcotics law to put hemp exporters in a position to “come out firing” after the COVID-19 crisis eases, the country’s agriculture minister said. The change aims to facilitate trade and growth of export... Read more
Meet the top dogs at Heroes of the Farm! Mr. Tony Chubbs Job Title: CEO, Boss, Farm Regulator, and Farm Mascot Job Responsibilities: Day-to-day activities include overseeing all farm staff, barking at every car that enters the property, running the show, and being an overall bada**. Mad Maxine Job... Read more
Officials from the National Credit Union Administration have outlined additional information on serving legal hemp businesses. A letter issued this week points out that hemp-related businesses have also been affected by the COVID-19 pandemic and that it is “important that credit unions stay current with the federal, state and... Read more
Multistate marijuana operator Acreage Holdings is getting $100 million to shore up a hemp-focused subsidiary, part of a restructuring announced Thursday with Canadian marijiana giant Canopy Growth Corp. Canopy announced plans to acquire Acreage last year. The restructuring includes a loan from Canopy so that Acreage’s hemp subsidiary, called... Read more
A Canadian biotechnology hemp company is entering an agreement with a Spanish company to produce and distribute a THC-free, high -CBG variety of the plant in Canada. Ottawa-based Cannabis Orchards’ partnership with Hemp Trading to get the hemp variety, called Panakeia, into the Canadian market comes after “successful distribution”... Read more
Investors looking for a cannabis investment with less risk than the THC market have been snapping up hemp investments. But with falling crop prices, regulatory uncertainty, and a pandemic that has put the brakes on retail sales, it’s become a foggy picture for investors. It’s not all bad, however.... Read more
The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing red tape for companies that supply it. The new classification came into force Wednesday. “This will reduce administrative processes for companies wanting to supply Epidyolex to... Read more
As I’m sure it has been for so many of you, the last month has been a time of deep reflection for all of us here at NCIA. The national awakening to horrific police violence and the systemic racism that black and brown communities have endured for centuries is... Read more
