by Michael Herz, Associate at Fox Rothschild Despite increasing legalization of cannabis among the states, cannabis products with a THC concentration exceeding 0.3% on a dry weight basis remain a Schedule I substance in the federal Controlled Substances Act. Consequently, bankruptcy, which is also governed federal law, has proven... Read more
The journey continues It’s hard to believe that it has been seven years since I first started working for NCIA. I remember like it was yesterday when I saw the job advertised and thought, “this has got to be the coolest job in America” (which it is!). Being Director... Read more
A key industry group for farmers and processors in Europe wants EU policymakers to see industrial hemp as a potential catalyst for regenerating rural areas following the coronavirus economic downturn. In a manifesto released on Tuesday, the European Industrial Hemp Association said the crop could deliver long-term sustainable growth and... Read more
The U.S. Food and Drug Administration has issued a warning letter to a CBD manufacturer based in the UK for making claims that its products could prevent or treat coronavirus infections. The letter was sent to London-based Nova Botanix LTD, which sells CBD products under the brand CanaBD, on... Read more
A California company that sells coffee to cruise lines and grocery stores says two of its subsidiaries have entered into an agreement with Nicaraguan cooperative to buy a farm for a hemp grow and processing facility. Youngevity International of Chula Vista announced Tuesday that CLR Roasters LLC and Khrysos... Read more
Hemp farmers in Illinois were able to harvest 73% of their 2019 crop, despite swings in the weather that made farming not so favorable in the inaugural year of legal hemp production. According to a report released earlier this month by the Illinois Department of Agriculture (IDOA), Illinois farmers... Read more
Mexican lawmakers now have until Dec. 15 to legalize marijuana and hemp – a new deadline set by the country’s Supreme Court in light of the coronavirus outbreak. Late Friday, the Supreme Court announced the new deadline for legalization to happen during the lawmaker’s next scheduled session, which runs from... Read more
Use a small bank. Have all your paperwork in order. And apply for help even if you don’t know if you qualify. That’s the advice from Ross King, CEO of Kind Roots Botanicals, a toll processor in Wray, Colorado. King receieved a forgivable emergency loan from the U.S. Small... Read more
A CBD and terpene wholesaler in Pennsylvania has hired a former Zappos executive as part of a drive to expand its management team and market its cannabinoid formulations to large consumer products companies. Leetsdale-based Hemp Synergistics has brought on Allison Bentley, a former merchandising manager at e-commerce giant Zappos.com,... Read more
Pressured to ensure a consistent food supply, the U.S. Department of Agriculture has announced an additional $19 billion for farmers affected by the pandemic. Most of the money is set aside for direct payments to farms producing milk, meat and produce, making it questionable how many hemp producers may... Read more
