A CBD company in Oregon is suing a Massachusetts hemp refinery over a shipment of hemp extract that was seized for containing too much THC, leading to criminal charges. Key Compounds filed suit against Phasex Corp. in federal court for negligence and breach of contract. The company alleges that Phasex was... Read more
With April 2020 marking a full year that I fully transitioned to working in the cannabis industry, it’s amazing to reflect on the past twelve months and the journey that brought me here. This time last year I decided to leave my job as an investment advisor for one... Read more
by BriAnne Ramsay, CEO of RMCC, and Karen Mayberry, Marketing Director and Co-founder of Trym In the evolving cannabis industry, companies are streamlining and optimizing their processes. Labor is the highest expense in commercial cannabis activity across the supply chain, accounting for nearly half of production costs. For example,... Read more
Shawn Hauser (Editor’s note: Shawn Hauser, an attorney who leads the Hemp and Cannabinoids Department at Vicente Sederberg law firm in Denver, is writing the first in an occasional series of commentaries from professionals connected to the hemp industry.) It’s been a tough start for the new U.S. hemp... Read more
Federal class action securities lawsuits against publicly traded hemp and marijuana businesses doubled from 2018 to 2019, a trend that’s typical in an emerging industry, according to a new report. The report, by Boston law firm Goodwin Procter, detailed 13 cases filed in U.S. federal courts in 2019 compared... Read more
California-based Omura, a marijuana and hemp flower vaporizer company, raised $5 million, with a portion of the funding coming from Bruce Linton, former CEO and founder of Canada’s Canopy Growth Corp. The raise, while not major by cannabis industry standards, is significant during the global coronavirus pandemic when investments... Read more
Fresh funds approved last week by Congress will replenish the Small Business Administration’s Payment Protection Program with another $310 billion, plus $60 billion for emergency loans on Monday. But there is doubt that even this newest round of stimulus funding to help small businesses through the disruption caused by... Read more
The U.S. Food and Drug Administration warned two companies to stop illegally marketing CBD products with claims that it can treat opioid addiction and other medical conditions. The warning letters were sent Thursday to: BIOTA Biosciences, LLC, of Washington state Homero Corp., doing business as Nature’s CBD Oil Distribution of New... Read more
The UK market for cannabidiol products has piqued the interest of hemp cultivators and manufacturers based on its current demand and future prospects. Nearly one in 10 adults surveyed in the UK have tried CBD, and more than a quarter of those who have never used CBD products said... Read more
Farmers and hemp businesses are eligible for another round of emergency loans with the enactment Friday of more federal funding aimed at keeping small businesses afloat. The latest stimulus package, worth some $484 billion and signed by President Donald Trump, is aimed at replenishing a depleted fund to help... Read more
