by Andrew Kline, NCIA’s Director of Public Policy Democracy requires active participation. Of course, that starts with VOTING in November, but it doesn’t end there. When Executive agencies request public comment on proposed rulemakings, it’s important that anyone with a stake in the issue chime in. This process is... Read more
(Editor’s note: This is part of a series on California’s hemp industry. To read the previous installment, click here.) A proposal to legalize hemp-derived extracts in food and beverages in California is on hold as lawmakers focus on coronavirus-related legislation to help the economy, but the bill’s sponsor says she’s... Read more
Hemp Industry Daily hosted a webinar looking at ways CBD and hemp businesses can navigate the challenges of operating in the U.S. during the COVID-19 pandemic. In the free webinar, Hemp Industry Daily reporter Ivan Moreno talks with two executives with experience launching their own businesses. They offered guidance and tips on:... Read more
by Michelle Rutter Friberg, NCIA’s Deputy Director of Government Relations For years, NCIA has been lobbying for the SAFE Banking Act. Now, as we adjust to our “new normal,” we are trying to make lemonade out of the lemons we’ve been given and see if some provisions of the... Read more
As planting season approaches, Massachusetts’ proposed state hemp regulations have received federal approval from the U.S. Department of Agriculture. The state enacted laws governing marijuana and hemp production in 2017, allowing hemp to be grown legally under the 2014 pilot program with oversight by the Massachusetts Department of Agricultural... Read more
What’s it like launching a company during a pandemic? The new blank-check company Collective Growth Corp. had two things working against it when it was slated to launch an initial public offering (IPO) on March 17 – a global pandemic and the end of an 11-year bull market, said... Read more
by Bryan Passman, Co-Founder and CEO of Hunter + Esquire As COVID-19 swept across the globe, shutting down countries, there was an unexpected side effect taking place in the cannabis economy. Many cannabis companies that may have made hiring or operational errors have used the pandemic as an opportunity... Read more
A group of investors says a Canadian cannabis producer misled them when it said it was acquiring a UK-based agricultural company that could “almost immediately” start exporting hemp and CBD products to the European Union. Afederal lawsuit filed in New York Thursday alleges that the representations Sundial Growers, Inc.... Read more
Texas has proposed a slate of rules for consumable hemp products and asked the public to make suggestions on them. The Department of State Health Services rules published Friday address oversight and licensing for manufacturers, processors and distributors. The rules would also require $150 annual registrations for retailers to... Read more
Amid the coronavirus pandemic, CV Sciences, a hemp CBD manufacturer based in San Diego, reported revenue of $8.3 million for the first quarter ended March 31, down 45% from the same period a year ago. For the first three months of the 2020 fiscal year, sales were $8.2 million,... Read more
