On May 21-23, 2019, NCIA held it’s 9th Annual Cannabis Industry Lobby Days in Washington, D.C. with more than 250 NCIA members who represent the cannabis industry all across the country. NCIA’s Executive Director Aaron Smith highlights some of issues we brought to the halls of Congress to educate... Read more
Ancillary firm GreenGro Technologies acquired 4 acres in Southern California for propagating low-THC, high-CBD hempseeds. “We expect the sale of those seeds to have a significant positive impact on both our revenue and bottom line since the costs associated with producing hempseeds are expected to be significantly less than... Read more
Two Canadian cannabis companies said this week that their strategy for expansion into the U.S. market includes – and will start with – hemp and CBD. Canopy Growth, a Smiths Falls, Ontario-based leader in the Canadian marijuana industry, said Tuesday it will open hemp processing facilities in seven U.S.... Read more
Just as the hemp farming season gets underway, a Minnesota hemp farmer is claiming in a federal lawsuit that the state violated his constitutional rights by revoking his growing license and ordering him to destroy his crop. Luis Hummel, who runs 5th Sun Gardens in Lanesboro, Minnesota, filed suit... Read more
As the hemp and CBD industry navigates the regulatory roller coaster resulting from the much-celebrated 2018 Farm Bill, the unknowns can cause anxiety for even the most confident of businesspeople. That’s why it’s invaluable to have guidance and perspective from those who know the legal landscape. Pennsylvania-based lawyer Michael... Read more
by Andrew Kline, NCIA’s Director of Public Policy In April of 2019, the National Cannabis Industry Association (NCIA) formed a coalition of more than 100 CBD/Hemp entrepreneurs, scientists, medical doctors, and FDA lawyers to inform and influence FDA rulemaking on cannabis and cannabis-derived compounds. Over the past two months,... Read more
The passage of the U.S. Farm Bill flung open the door for institutional investors to pump millions of dollars into hemp and CBD companies, and financial firms are walking in, according to a new report from MJBizDaily Investor Intelligence. Hemp firms raised more than $230 million in the first... Read more
An American Indian tribe in South Dakota has filed a federal lawsuit against the U.S. Department of Agriculture (USDA) for failing to approve its plan for hemp regulation on tribal lands. The Flandreau Santee Sioux Tribe claims that Agriculture Secretary Sonny Perdue violated the 2018 Farm Bill when he did... Read more
North Carolina is considering a ban on smokable hemp, but farmers say that would stifle market opportunity in a fast-growing new industry. The ban is part of a bill outlining North Carolina’s industrial hemp pilot program. The state’s Bureau of Investigation is pushing for the ban, saying it’s difficult for... Read more
(Editor’s note: This is part of an occasional series on the complex hemp market in California. Today, a look at a proposal to reverse last summer’s state health department limits on CBD.) Despite the drama surrounding hemp cultivation in California, state lawmakers appear likely to not only legalize CBD... Read more
