Toronto-based cannabis investment firm Sol Global Investments has completed a nonbrokered private placement financing of common shares of its international hemp subsidiary, Heavenly Rx, for more than $12 million. As a result, Sol Global now holds 34.4% of Heavenly Rx’s shares, while the rest of the common shares were... Read more
North Dakota has lowered fees on hemp farmers and lifted a ban on flower and CBD production. The state ranked seventh in hemp acreage in 2018, even though the law previously limited hemp production to fiber and seed products. Gov. Doug Burgum signed the measure into law earlier this... Read more
The U.S. Department of Agriculture (USDA) has stepped in to assist hemp producers and exporters to bring hempseed to the United States now that the U.S. Drug Enforcement Administration (DEA) is not involved. In addition to the 2018 Farm Bill removing hemp and its derived products from the U.S.... Read more
Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp. Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado. More details can... Read more
Michigan Gov. Gretchen Whitmer and the state’s agriculture department launched hemp licensing for the 2019 planting season Thursday, ensuring that Michigan’s agriculture industry won’t miss out this year. “Michigan is uniquely positioned to grow, process and manufacture industrial hemp (as) one of the nation’s most agriculturally diverse states,” Whitmer said... Read more
The Vitamin Shoppe is the latest large retailer to announce it now carries CBD, but unlike other drugstore chains, the New Jersey-based chain is selling edible CBD supplements and drops. The move goes against the U.S. Food and Drug Administration’s (FDA) repeated warnings that CBD in food, cosmetics and dietary... Read more
Upheaval is ahead for North America’s CBD market, and those companies that focus on data, research and branding are the ones that will likely survive, according to Canopy Growth CEO Bruce Linton. “Water’s free, and you can make a lot of money packaging and branding it,” he said at the... Read more
by NCIA’s Infused Products Committee;contributors Ashley Hansen, Danielle Maybach, Lee Hilbert, Trevor Morones, and Greg Scher Where is cannabis in the journey of dosing edibles? Edibles are growing as a market share only behind concentrates. It is essential to have accuracy across the industry to protect human health and... Read more
While other banks and payment processors are stepping back, Hypur, an Arizona-based payments processor, has launched services to serve hemp and CBD merchants throughout the United States. Elavon, a U.S. Bank payments solution subsidiary, recently announced it would withdraw its services to the sector because of concerns over federal regulations.... Read more
Urban Outfitters entered into an agreement with New York-based cannabis company iAnthus Holdings to begin selling CBD products in six stores and online. The New York-based clothing and home decor retailer plans to begin selling CBD For Life – a line that includes topicals, cosmetics and tinctures – later... Read more
