U.S. farmers are planting less hemp than they did last year due to regulatory uncertainty, a surplus of hemp flower and biomass held over from 2019 and continuously falling wholesale prices. As of Thursday, licensed total hemp acreage to date has reached 465,787 acres for the 2020 production season,... Read more
Florida agriculture officials say they’re finding elevated lead levels in some hemp products on store shelves and have alerted federal agencies. The state’s hemp czar, Holly Bell, told the Florida Hemp Advisory Committee this week that random bottled samples that were pulled from stores showed “a toxic-waste-level concentration” of... Read more
Hemp-derived CBD companies increasingly face class-action claims by consumers and stockholders, driven by industry growth, product claims, regulatory uncertainties and preventable mistakes by the companies themselves. Companies can reduce their exposure by being more transparent and forthright when disclosing their financials, the potential of their products and other relevant... Read more
Authorities across Europe have listed 114 products containing CBD in the European Union’s food-safety alert system since the start of last year, with data indicating that some countries are policing novel-food violations more frequently than others. The listing of cannabidiol, THC and hemp-derived products in the EU’s Rapid Alert... Read more
A global giant in generic drugs manufacturing is expanding into the CBD market through a new partnership with Colorado CBD manufacturer Kazmira LLC. Perrigo Co., based in Dublin, Ireland, has invested $50 million for a 20% equity stake in Kazmira, located just east of Denver in Watkins, Colorado. The... Read more
(This story has been updated to reflect that Pyxus trades on the Nasdaq.) The first Big Tobacco company to join the hemp and marijuana industries has filed for bankruptcy protection. Pyxus International, one of the world’s largest tobacco suppliers, was hard hit by declining tobacco consumption and coronavirus-sparked supply... Read more
A group of hemp growers and processors in New York is calling on the state Department of Health to release regulations so that hemp and CBD businesses can make business decisions. According to a letter from the New York Cannabis Growers and Processors Association to state health regulators, legislation... Read more
Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head... Read more
by NCIA’s Scientific Advisory Committee From Indica/Sativa to Hybridization Cannabis is thought to have originally been domesticated in the mountainous regions of Central Asia. As humans started exploring the world, they brought the plant with them, and the plant needed to adapt to the different climates in order to... Read more
by Barry Saik, Chief Executive Officer of Greenbits Big changes are coming to the cannabis industry. At least, that is the outlook shared by cannabis experts and lawmakers across the political spectrum. Even people who oppose federal-level legalization have to admit that the current status quo is unlikely to... Read more
