The hemp industry may be young, but the niche crop still contributed at least $4 billion to the U.S. economy last year and could contribute nearly $16 billion by 2025. That’s the projection from the new 2021 Hemp & CBD Factbook, an exclusive overview of the hemp market that... Read more
A cosmetics executive has been tapped to take over California CBD manufacturer Papa & Barkley. Evelyn Wang replaces Adam Grossman as CEO. Grossman will lead the company’s board of directors. Wang comes from Milani Cosmetics. She was formerly an assistant vice president for L’Oreal Paris and, before that, was... Read more
(Updates throughout with FDA response.) U.S. drug regulators have withdrawn their proposal to regulate over-the-counter CBD, handing the industry another setback after years of delay from the Food and Drug Administration. The proposal in question was withdrawn because of the changing administration. The delay was widely anticipated but still... Read more
Jon Iverson, a 34-year-old grower whose family farm grows industrial hemp and other crops, has been elected to serve as chair of the American Farm Bureau’s Young Farmers & Ranchers Committee. The third-generation farmer and graduate of Oregon State will act as spokesman for the YF&R program and will... Read more
Hemp-derived CBD energy drinks manufactured by the UK brand Trip have been stocked in Queen Elizabeth II’s Windsor Farm Shop, UK tabloid The Sun reported. According to an unnamed source in the report, the drinks have been popular with patrons of the shop, which was founded in 2001 after... Read more
If the CBD market is any indication of how other sectors will be affected by the United Kingdom’s divorce from the European Union, buckle your seatbelts. Supply-chain slowdowns and lockdowns due to the Covid-19 pandemic have already made doing business in the UK a challenge. Under the latest Brexit... Read more
by Tara Coomans, CEO of Avaans Public RelationsMember of NCIA’s Marketing and Advertising Committee As a country, the U.S. is experiencing what can best be described as the “age of distrust.” While public distrust in institutions has been escalating for at least a decade, according to the annual Edelman... Read more
(This is the second part of a two-part story from Hemp Industry Daily examining the developing hemp markets on tribal lands in the United States. Read the first installment here. For more detail about tribes growing hemp, check out Hemp Industry Daily’s Hemp & CBD Factbook, available for purchase here.) Hemp and... Read more
Nationwide hemp rules released in the closing days of the Trump Administration aren’t on hold, according to the U.S. Department of Agriculture. But the agency will be reviewing all programs implemented by the previous administration, as is common when there is a new president. USDA spokesman Matt Herrick told... Read more
The first Big Tobacco company to join the hemp and marijuana industries is getting back out. Pyxus International, one of the world’s largest tobacco suppliers, said Thursday that it will focus on its more profitable tobacco and liquid nicotine products after filing for bankruptcy in June. Based in Morrisville,... Read more
