Today, Wednesday, February 13 at 2:00 PM ET, the U.S. House Committee on Financial Services’ Subcommittee on Consumer Protection and Financial Institutions will hold a hearing about the issue of cannabis banking and the SAFE Banking Act. This would allow marijuana-related businesses in states with existing regulatory structures to access... Read more
Ontario-based FSD Pharma has agreed to buy 1,000 kilograms (2,200 pounds) of hemp on a contractual basis from a farmer in the province for CBD extraction at the company’s Cobourg facility. The move comes after the breakdown last week of an agreement between FSD and marijuana company Auxly for... Read more
Upscale specialty retailer Barneys New York announced plans to sell CBD-infused products and cannabis accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the hemp and marijuana industries. The shop will open in March inside the Barneys flagship store in... Read more
South Dakota lawmakers have given hemp production a huge thumbs-up, against the governor’s wishes to table the proposal, to join at least 41 other states with laws allowing hemp cultivation. The House voted 65-2 Monday to allow hemp farming, a solid rebuke to South Dakota Gov. Kristi Noem, who... Read more
Virginia will spend nearly $400,000 to develop a testing facility for agricultural products – including hemp – with funds coming from a state agency set up to revitalize tobacco-growing areas in the state. The Virginia Tobacco Region Revitalization Commission awarded the money to buy a high-end Waters UPLC mass... Read more
by Ed Keating, Co-founder of Cannabiz Media We’re more than one year into California’s legal cannabis industry and license growth continued on a fast-rising upward trajectory through the end of 2018. In fact, between November 1, 2018 and December 31, 2018, California issued a total of 6,855 new cannabis... Read more
by Gary Cohen, Cova Software As cannabis reform barrels ahead like a freight train, entrepreneurs everywhere are eyeing ways to get in on the green rush. And for those without the background or interest in cultivation or manufacturing, cannabis retail can be a very alluring — and lucrative —... Read more
CBD’s legal problems have hit the nation’s largest city, with New York health inspectors seizing CBD-infused baked goods and warning restaurants to stop serving cannabidiol-infused foods. And in Maine, hemp entrepreneurs are protesting similar plans to take CBD foods off shelves. New York City officials said they’re not going... Read more
Hemp’s suitability as an ingredient in animal feed “remains to be seen,” according to the nation’s agriculture chief. U.S. Agriculture Secretary Sonny Perdue told reporters at a cattle-industry conference in New Orleans that he didn’t know animal feed was a potential use of hemp. “We hear a lot of... Read more
Hemp entrepreneurs are facing jail time and hefty legal fees for transporting the plant across state lines, despite a federal guarantee that states can’t block legal hemp transport. Massive police seizures in Idaho and Oklahoma raised questions about how state and local law enforcement are supposed to tell the... Read more
