Big news! The recently introduced Secure And Fair Enforcement (SAFE) Banking Act, will receive a full committee markup next Tuesday. A markup is the process by which a congressional committee debates, amends, and rewrites proposed legislation. At the beginning of a markup, committee members first make opening statements. Then,... Read more
(For an analysis of this deal from an investment standpoint, sign up for our new premium subscription service Investor Intelligence.) Massachusetts-based Curaleaf has inked a deal with the CVS pharmacy chain to begin selling hemp products at 800 stores in 10 states. The distribution deal was announced during Curaleaf’s investor and analyst... Read more
The dominant sales channel for CBD – e-commerce – is becoming a major draw for marijuana manufacturers, who are using hemp-derived CBD to tap into new revenue and a wider consumer base. They’re doing this despite repeated warnings from the U.S. Food and Drug Administration (FDA) that it is... Read more
As the hype around hemp ramps up and states issue record numbers of licenses to farmers wanting to capitalize on opportunities the new crop may offer, U.S. Secretary of Agriculture Sonny Perdue said this week that he isn’t so sure hemp will be the cash crop everyone is hoping... Read more
(This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) Hemp cultivators have long relied on cloning as a way to propagate plant inventory and preserve their genetics, but the practice of taking a rooted cutting from a mother plant may be... Read more
Kentucky’s resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping more than twice as much income from their crop. The state’s hemp processors reported $57.75 million in gross product sales last year, compared with $16.7 million in 2017, Kentucky Agriculture... Read more
The number of hemp producers in the Australian state of Tasmania, which produces 66% of the nation’s commercial hemp crop, has nearly doubled – and is projected to continue growing due to drought causing supply shortage in other regions, according to Australia’s ABC News. Tasmania has produced hemp for fiber... Read more
The U.S. Department of Agriculture’s (USDA) listening session on domestic hemp production last week is now available to view at the USDA Agricultural Marketing Service (AMS) website. USDA-AMS said the broadcast received an “overwhelmingly positive response,” with more than 2,000 people participating in the webinar that was designed to... Read more
by NCIA’s Packaging and Labeling Committee Mauria Betts, Potency Branding, Brian Smith, Satori Wellness, and Lisa Hansen, Plaid Cannabiz Marketing The beginning of a new year brings an opportunity to take stock of your cannabis business and ensure you’re doing everything possible to succeed. And because packaging is such... Read more
Here at NCIA’s Washington, D.C. office, we’ve been alluding to this moment for quite awhile, and it’s finally happened! Last week, HR 1595: the Secure and Fair Enforcement (SAFE) Banking Act was introduced in the House of Representatives by Reps. Ed Perlmutter (D-CO) and Denny Heck (D-WA). In a... Read more
