Hemp farmers and businesses continue to have difficulty financing their operations and securing banking services, despite federal lawmakers’ calls for them to be treated as lawful, legitimate businesses following passage of the 2018 Farm Bill. Due to a lack of clear federal banking regulations and uncertainty from financial institutions, hemp... Read more
(This is an abridged version of a column that appears in the May-June issue of Marijuana Business Magazine.) The hemp industry is changing fast. The federal government, not so much. The entire cannabis industry celebrated last December, when hemp was removed from the Controlled Substances Act in the 2018 Farm... Read more
Louisiana is starting to award permits to sell CBD products, and the first recipients include liquor stores, gas stations and CBD-specific shops. Louisiana’s Office of Alcohol and Tobacco Control has so far awarded 20 temporary permits to sell CBD. A new Louisiana hemp law allows the sale of hemp-derived CBD, but... Read more
After months of preparation, the state of Florida is ready to move ahead with commercial hemp production under a bill signed Tuesday by Gov. Ron DeSantis. Florida Agriculture Commissioner Nikki Fried said hemp in Florida is needed to help farmers harmed by hurricanes and diseases that have affected citrus,... Read more
A CBD company expanding into shopping malls has tapped a marketing executive from mall staple Victoria’s Secret to lead its branding. Green Growth Brands of Columbus, Ohio, appointed Jann Parish its chief marketing officer. Parish also held that title with Victoria’s Secret. Before that, Parish ran branding campaigns for... Read more
by Payal Shah, Cannabis Insight Collective Today, Governor Jim Pritzker of Illinois signed the historic House Bill 1438, The Cannabis Regulation and Tax Act, into law, ending prohibition for recreational cannabis usage across the state, and making it the 11th state where cannabis is legal. I, along with so... Read more
by Michelle Rutter, NCIA’s Government Relations Manager Last week was arguably the biggest week for cannabis reform in Washington, D.C. — ever. As we noted last week, the House Committee on Small Business held a hearing entitled “Unlocked Potential? Small Businesses in the Cannabis Industry.” The hearing allowed members... Read more
The U.S. Department of Agriculture (USDA) says it will complete federal rules for domestic hemp production by August. Although states and tribes began submitting their plans to the USDA for review starting the day after the 2018 Farm Bill was signed in December, the agency said in February it wouldn’t finalize... Read more
(This is an abridged version of a story that appears on the Marijuana Business Daily International website.) A company backed by U.K. billionaire Jim Mellon and Lorne Abony, co-founder of global cannabis concern Nuuvera, plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products.The pair... Read more
Since passage of the 2018 Farm Bill, CBD has risen to the forefront of American consciousness as an alternative health and wellness supplement, and research finds that a growing number of consumers are using it to replace their prescription and over-the-counter drugs. A national January 2019 Consumer Reports survey... Read more
