Former NBA star Isiah Thomas invests $3 million in his hemp and marijuana company
NBA Hall of Famer Isiah Thomas is investing $3 million in his company One World Pharma, which grows hemp and marijuana in Colombia. Thomas, who played 13 seasons for the NBA’s Detroit Pistons, became CEO of One World Pharma in July. The company is located in Las Vegas but... Read more
An Important Announcement About NCIA’s Lobby Days
While the NCIA team was hoping to welcome all of our members to Washington, D.C. this spring for our 10th Annual Cannabis Industry Lobby Days, we have made the difficult yet necessary decision of postponing the event until further notice due to the COVID-19 pandemic.  This was not a... Read more
USDA: Slowing bailout payments will cause farm income to fall in 2021
U.S. farmers could bring home almost $10 billion less in annual income in 2021 because of slowed federal pandemic payouts to farmers. The U.S. Department of Agriculture projects that farm income in 2021 will decrease $9.8 billion, to $111.4 billion. The falling income forecast comes as Congress pumps the... Read more
Hemp operators interested in federal checkoff program, survey shows
A clear majority of hemp farmers and processors support establishing a federal program to promote the crop, according to a survey by two industry groups, but not everyone supports paying for it. The National Industrial Hemp Council and the Hemp Industries Association polled their members late last year on... Read more
Opinion: Hope is not a strategy, so stop tolling
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Julie Lerner is CEO of PanXchange, a commodity trading platform and benchmark price provider.) Basing the multibillion-dollar, pie-in-the-sky forecasts for the U.S. addressable market for CBD on retail shelf prices... Read more
Broad-spectrum extract tea maker accused of false THC claim
A Michigan company making broad-spectrum hemp teas is battling claims that its products falsely promised 0.0% THC content. Total Life Changes LLC of Fair Haven, Michigan, has been sued by a New Jersey man who says the company’s instant Iaso Tea is “intentionally misleading the general public” by carrying... Read more
Time to invest in cannabis in Mexico is now, attorneys say
Mexico is moving ahead on medical marijuana regulation — and all hemp and marijuana companies that envision doing business there in the future should start preparing now, lawyers say. The Mexican government has begun setting a regulatory structure for medical cannabis in the country, making it possible for companies... Read more
Bipartisan legislation directs Congress to regulate hemp-CBD as a dietary supplement
A bipartisan bill that was introduced in the U.S. House of Representatives Thursday could push legal CBD through Congress, providing consumer access and protection while clearing the supply chain bottleneck. The Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021 is sponsored by Representatives Kurt Schrader,... Read more
CBD brand hires former FDA executive to oversee regulatory initiatives
North Carolina CBD maker cbdMD has hired Sibyl Swift, a former U.S. Food and Drug Administration official as a consultant to lead the company’s regulatory efforts and prepare products for certifications. Swift served in various roles at the FDA from 2014 to 2020, most notably as the associate director... Read more
Member Blog: As Cannabis Sales Rise, So Do Questions About Privacy and Security
Frank Nisemboum, Vice President of ERP Sales at c2b teknologies Legal cannabis is a big business that handles big data. From personalized data to protected health information to cannabis information that requires regulatory compliance with cybersecurity and data privacy laws–the entire cannabis industry faces data privacy and cybersecurity challenges... Read more
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