USDA, Interior tapped for new interagency subcabinet to more effectively manage wildfires
After wildfires ravaged the West Coast in 2020, scorching millions of acres of land and damaging businesses and crops, including countless farms and businesses in the cannabis industry, the U.S. departments of Agriculture and Interior will lead a new Interagency Wildland Fire Subcabinet, focused on wildfire management. According to... Read more
USDA gives hemp farmers breathing room on THC, testing, but retains DEA requirement
Hemp producers will have more breathing room under newly released rules on the federally mandated THC levels before they are declared criminally negligent, with the margin of error increasing from a total of 0.5% to 1% THC. Hemp farmers and testing agents will also have more time to harvest... Read more
Clint Eastwood files third suit against CBD companies, saying they’re falsely claiming endorsement
Clint Eastwood has filed a third lawsuit alleging CBD companies are falsely claiming he’s endorsing their products. The legal action is the second the legendary actor has filed against Los Angeles-based Norok Innovation Inc. and its CEO Eric Popowicz but includes a different set of defendants, according to Law... Read more
Illinois sees more hemp processors but fewer acres as industry matures in agricultural powerhouse
Hemp plants in Groveland, Illinois. Photo courtesy Simple Livin’ Farms. The number of hemp processors in Illinois doubled over the last year as the new industry tries to establish itself in a state that’s already an agricultural powerhouse. Row crops are nothing new to growers in Illinois – one... Read more
2021: The year of positive CBD policy changes
Jonathan Havens (Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Havens co-chairs the Cannabis Law and Food, Beverage and Agribusiness Practices at Saul Ewing Arnstein & Lehr law firm in Washington DC.) The hemp industry has been waiting... Read more
Texas hemp company acquires Kentucky-based processor
Dallas-based Generation Hemp Inc. has acquired a processing company in Kentucky with a 48,000-square-foot facility for $5.1 million. The acquisition of Halcyon Thruput LLC  will be payable in $2.5 million of restricted common stock, $1.75 million in cash and a $870,000 promissory note, Generation Hemp said Tuesday. Generation Hemp... Read more
Molson Coors, HEXO launch CBD drinks in Colorado
Molson Coors Beverage Co. says it has launched CBD drinks in Colorado through TRUSS CBD USA, its joint venture with HEXO Corp. The beverage line will be available in three flavors – Grapefruit Tarragon, Strawberry Hibiscus and Blueberry Lavender under the name, “Verywell,” Molson Coors and HEXO said Wednesday.... Read more
USDA: Latest payments for pandemic-affected hemp farmers coming soon
Some $13 billion in additional agricultural aid for pandemic-impacted farmers should start going out by end of month. Agriculture Undersecretary Bill Northey says the funds could go out even before the inauguration of President-elect Joe Biden on Jan. 20. “We certainly have some things we would like to be... Read more
GW Pharma expects fiscal 2020 sales to reach $526 million
This story first appeared at Marijuana Business Daily International. United Kingdom-based GW Pharmaceuticals expects to report annual sales of approximately $526 million for the year ended Dec. 31, 2020, it said in a preview of its fourth quarter and full-year results. Fourth-quarter net sales will be approximately $148 million,... Read more
Hemp licenses up, but acreage down in 2020 – yet industry is optimistic for growth
For all the growth that the hemp and CBD industry has seen as a nascent industry in recent years, last year farmers took a step back and devoted fewer resources to the crop – the enthusiasm of previous years tempered by oversupply, supply-chain issues and a lack of infrastructure.... Read more

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