USDA, hemp food producers assure public on coronavirus transmission fears
Companies making hemp-derived foodstuffs are joining federal authorities to remind folks that hemp foods are being inspected as usual and are safe to eat through the coronavirus pandemic. The U.S. Department of Agriculture sent an alert this week that no staffing changes are planned at the agency’s Food Safety and... Read more
Denver CBD maker opens Texas distribution center
A Denver CBD maker has opened a new fulfillment center in Dallas. CBD 100% Relief, which makes white-label CBD products and sells its own brand of CBD tinctures, creams and roll-ons online, announced Wednesday that it chose the Dallas-area for a new fulfillment center. The fulfillment center employs 12... Read more
USDA secretary calls hemp rules a ‘draft,’ sparking industry optimism
Hemp farmers and industry members cheered when federal agriculture officials lifted enforcement action requiring that hemp be tested in U.S. Drug Enforcement Administration-registered labs and the disposal portion of the interim final rule in late February. Now they may have reason to cheer again, according to industry insiders. That’s... Read more
New York CBD startup delays Canadian IPO on coronavirus issues
New York-based CanaFarma Hemp Products will start trading on the Canadian Securities Exchange (CSE) on Thursday. The listing, previously scheduled for Tuesday, was delayed at the company’s request “to account for world events relating to the coronavirus pandemic, which are expected to have caused extra delay in shareholders receiving their new... Read more
Uncertain future for CBD, continued competition drive down CV Sciences’ 4th quarter sales
CV Sciences, a San Diego-based CBD manufacturer that makes topical treatments sold nationwide, saw sales drop by 34% in the most recent fiscal quarter as the company blamed an overheated market for missing analyst expectations. “The category is simply over-branded,” CEO Joseph Dowling told investors Monday about the quarter... Read more
Member Blog: Attracting Investors Requires Compliance And Scalability
by Frank Nisenbaum, Vice President of ERP Sales, c2b teknologies  More new cannabis entrepreneurs are trying to carve out space in the industry, and as the market continues to expand, so are cannabis investors. This comes as no surprise. Cannabis investors have more predictable ways to invest in cannabis... Read more
Oregon’s HempNova buys 90% stake in another hemp-growing operation
Oregon’s HempNova Lifetech Corp., which grows and dries hemp, has bought a 90% interest in a hemp-growing operation in the southern part of the state. The Eugene-based company announced last week it will pay $4.5 million in three cash installments for the percentage stake it bought from Creekside Hemp Inc.... Read more
Charlotte’s Web cites need for better hemp research in launch of new division
Saying the hemp industry needs better research into cannabinoid safety and efficacy, Colorado CBD maker Charlotte’s Web has launched a new research division and tapped a former health diagnostics executive to lead it. Tim Orr is leading a new division called Charlotte’s Web Labs, a team of about a dozen that... Read more
‘We don’t have any issues with destroying hot crops’: Q&A with the president of the Canadian Hemp Trade Alliance
Talking about hemp comes easy to Keith Jones, the new president of the Canadian Hemp Trade Alliance. He’s been growing industrial hemp at his farm in southern Alberta for more than 20 years. But Jones still talks about it like great discoveries and opportunities await. Hemp Industry Daily recently caught up... Read more
Reporter’s Notebook: Why hemp producers should use biocontrols to promote sustainable production
(This is an abridged version of a column that appears in the March issue of Marijuana Business Magazine.) Cannabis is often touted as a self-sustaining crop that doesn’t need pest protection. Yet in 2019, outdoor hemp farmers saw heavy disease and pest pressure. As planting season approaches for outdoor hemp... Read more
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