Hemp business sues two Oregon counties for $2.5 million after police raid
An Oregon hemp business is suing two counties on allegations that police seized legal hemp from its warehouse and then destroyed it. Oregonized Hemp Co. LLC, a hemp farm and farm service contracting business based in Grants Pass, and owner Justin Pitts filed a $2.5 million lawsuit against Josephine... Read more
Collective Growth Corp. lists on Nasdaq with full suite of investors
A new hemp company, Collective Growth Corp., virtually rang the bell on the Nasdaq Friday, beginning public trading already fully funded by investors. Headquartered in Austin, Texas, Collective Growth is a blank-check company that intends to focus on the “federally permissive cannabinoid industry,” said Joseph Brantuk, the chief client... Read more
Webinar: Managing Novel Risks During The COVID-19 Crisis Part II – What You Need To Know About SBA, CARES Act, And Other Financial Assistance Programs
Join us on Monday, May 4, 2020 at 1:00 PM MT for this webinar. The NCIA’s Risk Management and Insurance Committee presents part II of the COVID-19 risk management series. A conversation with industry legal and financial experts discussing how cannabis operators can mitigate the financial risks presented by... Read more
Webinar: NCIA Committee Insights – Illinois Market – What’s Happening and What’s Next
Join us on Monday, May 11 at 1:00 PM MT for this webinar. How is the 11th state to permit adult-use cannabis doing, and what’s coming next? Want to get your foot in the door? Join us in a lively conversation about Illinois application and licensing. Considering expansion to... Read more
Lithuania angling to expand hemp opportunities, but for now it awaits EU approval
Aerial photo of Lithempa facility (Photo courtesy of Rokas Šliupas) In a rural part of northern Lithuania, down a stretch of dirt road flanked by vast fields, Rokas Šliupas has spent months amassing the equipment he needs to kick-start Lithempa, his new hemp-extraction business. Located just outside the town... Read more
Canadian firm buys Colorado psychedelic mushroom company
Canadian CBD company NewLeaf Brands Inc. has bought a Colorado-based businesses that cultivates different strains of mushrooms for medical purposes. Vancouver, British Columbia-based NewLeaf Brands Inc. said in a news release Thursday that it had acquired Mydecine Group in an all-stock deal. The agreement calls for NewLeaf Brands to... Read more
Hemp Industry Daily taking stock of how coronavirus has affected farmers, businesses
As the coronavirus pandemic continues to disrupt businesses worldwide, Hemp Industry Daily wants to know how stay-at-home orders have impacted farms and businesses in the hemp and CBD space. According to an informal poll by the editorial staff of Hemp Industry Daily, approximately 54% of the hemp and CBD... Read more
Webinar: Policy Council Conversations – Protecting Your Cannabis Brand
Join us on Wednesday, May 6, 2020 at 10:00 AM Mountain Time for this webinar. As the cannabis industry emerges from start-up to major economic player, the protection of intellectual property becomes all the more critical. This expert panel will discuss the options available to protect trademarks at the... Read more
Industry group aims to develop high-CBD varieties that won’t go hot
A coalition of hemp farmers plans to screen seed-propagated hemp varieties to determine which ones may be able to produce mother stock for clones that will consistently meet federal THC limits. The project aims to get more cultivars listed with the global Association of Official Seed Certifying Agencies (AOSCA).... Read more
Colombian company’s hemp exports to U.S. stalled amid pandemic delays
Sannabis co-founders John Pablo (left) and Juan Pablo Guzman have U.S. permission to import hemp but are snagged by pandemic delays. (Photo courtesy Sannabis) A Colombian company with aspirations of raising hemp in Uruguay and exporting it for sale in the U.S. has the plants and permission from U.S. authorities to... Read more
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