(This story has been updated with company reaction. It also has been corrected to say the facility was shuttered Wednesday, not Thursday.) A Pennsylvania hemp facility has been shut down by local authorities after its owners allegedly ignored code requirements. But warehouse owner Patriot Shield, a Colorado-based security and transportation... Read more
Cross-pollination remains a threat to hemp and marijuana farmers, no matter how much care they take to prevent the situation. (Photo courtesy of Sam Robison) (A version of this story appeared earlier at Marijuana Business Daily.) Outdoor marijuana and hemp farmers are increasingly coming to loggerheads over pollen drift,... Read more
By Kristin Archer, The Kanvas Co.Member of NCIA’s Safe Vaping Task Force The headlines in the news are practically unavoidable: as of October 31, 2019, the Center for Disease Control and Prevention reports 1,888 cases of lung injury in 49 states caused by vaping. While the majority of these... Read more
By Melissa Diaz, CFO, Rebel Rock The rapid growth and ever-evolving nature of the cannabis industry has resulted in wild and hyperinflated business valuations, making it extremely difficult for companies to zero in on a fair valuation as they seek to acquire or be acquired in the up-and-coming field. ... Read more
Farmers and ancillary hemp businesses are not happy with the THC testing standards outlined within the U.S. Department of Agriculture’s (USDA) interim federal rules for hemp production. The rules require that hemp crops not exceed 0.3% total THC, which is derived from the sum of delta-9 THC and THCA content,... Read more
CBD giant Charlotte’s Web said slow action by federal health regulators is causing disappointing growth in mass-market retail channels. The Boulder, Colorado, company told investors Wednesday that “a lack of regulatory direction” from the U.S. Food and Drug Administration (FDA) is slowing growth in food, drug and mass (FDM)... Read more
Last week, the Center for Disease Control (CDC) identified a probable proximate cause of recent vaping injuries and deaths. Simultaneously, the United States Senate (HELP Committee) noticed a hearing for tomorrow (Wednesday) on the vaping crisis, where CDC officials will testify. NCIA Policy Council’s Safe Vaping Task Force has... Read more
Shawn Hauser After decades of prohibition, hemp is now an agricultural commodity like any other, regulated by the U.S. Department of Agriculture (USDA). But there’s a lot to unpack in the USDA’s new hemp rules. In an exclusive webcast, Hemp Industry Daily editor Kristen Nichols sits down with Vicente... Read more
A Canadian supplements company that makes CBD extracts plans to focus on aromatherapy topicals through a collaboration with a prominent flavorings and scents firm. Neptune Wellness Solutions of Laval, Quebec, which makes fish-oil supplements and cannabinoid oils, said Monday it is giving $24 million worth of stock warrants to... Read more
A Kentucky hemp company that helped pioneer large-scale CBD production methods and takes some credit for getting the hemp plant legalized is now facing a cascade of business challenges. First, delays piled up at GenCanna’s rural Kentucky processing facility that the company envisions making a processing hub for several... Read more
