An emerging CBD company plans to take over a Nasdaq-traded pharmaceutical corporation focused on developing cannabinoid pharmaceuticals. Under an agreement announced Tuesday, Heavenly Rx will execute a reverse takeover of Therapix Biosciences. When the proposed deal is complete, the combined entity will be known as Heavenly Rx. Paul Norman,... Read more
(Photo courtesy of DEA) (This story has been updated with the DEA’s response on finding a testing lab.) Hemp farmers and industry advocates are alarmed that federal agriculture officials have brought drug enforcement back into the fold to ensure that cannabis produced for hemp in the United States does... Read more
The new national hemp rules from the U.S. Department of Agriculture (USDA) are out, and they could bring big changes for your hemp business. Hemp Industry Daily Editor Kristen Nichols sits down Tuesday to field questions live about the upcoming changes to the USDA hemp rules. Topics will include:... Read more
Industry insiders in New York are regrouping to salvage a hemp extract bill that’s been languishing on Gov. Andrew Cuomo’s desk since it was passed last summer. Cuomo is expected to issue a “friendly veto” of the bill, which will enable it to be reintroduced during the budget process... Read more
The Canadian cannabis producer building an industrial park for hemp processing in New York state would get a hefty property tax break under a new plan hatched by a local economic development group. The Broome Industrial Development Agency said Canopy Growth will receive a standard 15-year payment-in-lieu-of-taxes deal that... Read more
Germany will refer to CBD as a “novel food” going forward, following the direction of the European Union (EU), which has ruled that the cannabinoid and products containing cannabidiol can’t be yet be sold without additional safety research. The novel foods distinction is given to products if they have... Read more
ColorPoint currently grows 54,000 mother stock plants in its 2 million-square-foot, state-of-the-art, environmentally controlled and fully automated greenhouse facility. The mothers are used to produce clones for the network of farmers growing outdoors for AgTech Scientific and for indoor flower production in the greenhouse year-round. ColorPoint currently grows 54,000... Read more
Canadian cannabis giant Canopy Growth has the go-ahead to continue its lawsuit against a California farm it accuses of misusing a deposit and killing hemp plants worth millions. Canopy Growth is suing Research and Development Farming (RDF) of California’s Central Valley, which contracted to grow 500 acres of hemp for the Ontario... Read more
(This story has been updated with company reaction. It also has been corrected to say the facility was shuttered Wednesday, not Thursday.) A Pennsylvania hemp facility has been shut down by local authorities after its owners allegedly ignored code requirements. But warehouse owner Patriot Shield, a Colorado-based security and transportation... Read more
Cross-pollination remains a threat to hemp and marijuana farmers, no matter how much care they take to prevent the situation. (Photo courtesy of Sam Robison) (A version of this story appeared earlier at Marijuana Business Daily.) Outdoor marijuana and hemp farmers are increasingly coming to loggerheads over pollen drift,... Read more
