California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, is ratcheting back its hemp revenue predictions. The company told investors Friday that it’s retracting its 2020 hemp revenue guidance of $25 million. The announcement came as the firm announced it will miss this quarter’s revenue estimates.... Read more
Another Kentucky hemp producer is seeking bankruptcy protection. Atalo Holdings cited “confounding guidance” from regulators and “unforeseen market forces” in announcing the Chapter 7 filing late Friday. Atalo chairman Andrew Graves said in a statement that the company hopes to continue operating while bankruptcy proceeds. Graves called his company “an... Read more
Hemp advocates and food-safety regulators in Germany are at loggerheads over whether all forms of cannabinoids require additional scrutiny before they can be sold in foods and drinks. The dispute came to a head last week when the European Industrial Hemp Association released a statement that the German government... Read more
Coming in hot at the end of the legislative session, state lawmakers in South Dakota sent an industrial hemp bill to Gov. Kristi Noem to sign after clearing the proposal to legalize hemp production and develop a state plan on Thursday. Noem has indicated she will sign the bill,... Read more
(Editor’s note: This is part of an occasional series on California’s hemp industry. To read the previous installment, click here.) California hemp and CBD producers were hoping for speedy action this year on a long-debated proposal to clear a path for hemp extracts in foods and drinks. But old disagreements... Read more
The European Commission has received 45 applications for novel food authorization for CBD-containing products since December 2018, Hemp Industry Daily has learned. The applications have chiefly come from the Netherlands, the UK, Czech Republic, Slovenia, Switzerland and the United States, a commission source said. CBD products in the European... Read more
Idaho lawmakers defeated a measure that would have legalized hemp, leaving the state as one of three in the country that don’t allow the crop. The measure was voted down in a House committee Wednesday, The Lewiston Tribune reported. Some opponents said the change could lead to marijuana legalization, while others... Read more
A U.S. company accused of growing marijuana in Myanmar says the crop was actually hemp. But the country doesn’t differentiate between the two plants and sentenced one of the company’s workers to prison for 20 years. The Myanmar man sentenced to prison, Shein Latt, acknowledged he was responsible for... Read more
by Madeline Grant, NCIA’s Government Relations Manager Like the Olympics, we only have a presidential election every four years. Usually, this means more voters are engaged and paying attention to the political process than normal. It’s more important now than ever for voters to get involved, and there are... Read more
Raise THC limits, improve access to banking, provide tax relief and offer opportunities for new hemp and CBD businesses – one Congressman has heard distress calls from the nascent hemp industry and is working to introduce legislation that could help. U.S. Rep. Denver Riggleman, a Republican from Virginia, says... Read more
