Two companies that provide data and analytics to the hemp industry — New Leaf Data Services and PanXchange — are in a trademark dispute over the phrase “hemp benchmarks.” New Leaf sued PanXchange earlier this month in federal court in Connecticut, claiming trademark infringement of its “Hemp Benchmarks” service. PanXchange,... Read more
by Allison Kopf, CEO and Founder of Artemis In the cannabis industry, it is critical for cultivators to track crops throughout their production. Traceability benefits and protects cannabis companies, state governments, and the consumer. Without proper tracking systems in place, it would be impossible for states to tax businesses... Read more
On Tuesday, February 18, NCIA’s Board of Directors met in Boston in advance of NCIA’s Northeast Cannabis Business Conference. During the meeting, new board officers were voted upon and instated into their roles for the current term. NCIA is pleased to announce the following board officers: Chair:Khurshid Khoja, Greenbridge... Read more
Oral hygiene giant Colgate Palmolive is joining the ranks of major U.S. companies entering the hemp and CBD space, with one of its soon-to-be brands launching a line of cannabidiol-containing toothpastes, mouthwashes and lip balms. Hello Products, an oral care brand based in New Jersey, launched its seven-product CBD... Read more
by Gary Cohen, CEO of Cova When it comes to opening a successful marijuana dispensary or cannabis retail store, the importance of building a strong, trustworthy team simply cannot be understated. Depending on the rules of your market, you may even be required to have certain positions filled before... Read more
by Angela Lucas, Managing Partner and Co-Founder, Sterling Compliance, LLCMember of NCIA’s Banking & Financial Services Committee During a recent webinar, we polled the audience on their current positions on offering financial services – traditional financial services – to direct marijuana-related businesses (MRBs). The results, as you might imagine,... Read more
Washington state and Wyoming are the latest states to get approval from the U.S. Department of Agriculture to run their own hemp oversight. The USDA also approved three American Indian Tribes: The 2018 Farm Bill said that states and tribes could run their own hemp oversight – but only with... Read more
Agriculture officials in Louisiana have begun issuing the first hemp production and handling licenses to farmers, processors and transporters, while businesses ranging from gas stations to pharmacies have received the go-ahead they need to sell products containing CBD in the state. As one of the first three states to... Read more
Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis,... Read more
Farmers feeling the effects of an oversupply of hemp for CBD are looking to minor cannabinoid production as another option to make the kind of profit margins they thought they would see from entering the hemp space. More hemp plant breeders are offering genetics for CBG production in 2020,... Read more
