A Kentucky hemp producer has secured a sizable loan to help grow its business in 2020. AgTech Scientific, a privately held hemp and CBD company in Paris, Kentucky, said it has closed a $30 million business loan with Truist Financial, a Charlotte, North Carolina-based bank holding company formerly known... Read more
New York prosecutors have dropped criminal charges against a CBD retailer who tried to pick up a shipment of hemp biomass from Vermont. But authorities have not yet returned the hemp to Green Angel CBD. Ronen Levy was facing marijuana charges by the Brooklyn District Attorney’s Office over Green... Read more
Have a sales plan. Consider hemp markets beyond the flower. And get ready for a bumpy ride. Those were among the many business takeaways from the 2019 Hemp Industry Daily Forum on Tuesday at the Las Vegas Convention Center during MJBizCon Week. The forum drew more than 500 entrepreneurs from... Read more
Join us on Tuesday, December 17 at 1:00 PM Mountain Time. Legal cannabis has been spreading across the United States for over 10 years now. How has the industry been viewed in the eyes of the IRS? The cannabis industry has consistently lost in tax court against the IRS.... Read more
by Dan Walter and Matt Finkelstein, FutureSense, LLC Closing out 2019, jobs in the cannabis industry have been at the forefront of a national conversation. With more states coming on board with medical and adult-use legislation, the industry is continuing to grow. Industry leaders are looking to attract and... Read more
U.S. hemp sales might exceed $25 million in 2020 and surpass $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA). These estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp &... Read more
by Madeline Grant, NCIA’s Government Relations Manager We’ve seen an extraordinary amount of momentum sweep through Capitol Hill so far this Congress. The U.S. House of Representatives passed the Secure and Fair Enforcement (SAFE) Banking Act of 2019 and the Judiciary Committee marked up the Marijuana Opportunity Reinvestment and... Read more
New York Gov. Andrew Cuomo signed a bill into law Monday that sets up a regulatory framework for the production and sale of hemp and hemp extracts in the state. According to a statement from the governor’s office, the new law also requires hemp businesses to test and properly... Read more
Many farmers sold hemp biomass for under the set floor price of $1 per CBD point during the International Hemp Auction and Market in Franklin, Tennessee, in late November. (Photo courtesy of Casey Flippo) Optimism around a three-day hemp auction in Tennessee turned to disappointment when producers found way... Read more
by Jackee Riccio, Regional Field Director at the CROP Project California’s cannabis economy has not generated the cash flow that regulators were anticipating. Current legal sales have topped $3 billion, but unregulated cannabis continues to dominate the market. This may not be surprising, as critics argue that the current... Read more
