The deadline for submitting nominations for Marijuana Business Daily’s inaugural MJBizDaily Awards is Saturday. The awards, which will be held during MJBizCon Week (Dec. 7-13) in Las Vegas, will recognize the top companies, individuals and organizations participating in the global cannabis industry. The MJBizDaily editorial staff will choose the winners in... Read more
A Kentucky company planning to develop hemp-derived wood products has begun production even as it appeals a 25% tariff on some equipment from China. Fibonacci opened its $5.8 million facility in Murray, Kentucky, this week. The company, which plans to employ 25 people making hemp-based wood products such as... Read more
(Editor’s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) (This story has been updated to correct the spelling of Jennifer Culpepper’s name.) Mainstream retailers from grocery stores to pharmacies and even clothing merchandisers are clamoring to... Read more
A rural Oregon hemp-extraction company is warning of 90 layoffs because of a permit delay. Evergreen State Holdings sent notice about the potential layoffs to Oregon authorities last week, the Portland Business Journal reported. Located about two hours east of Portland, the company said it received a stop-work order... Read more
A Colorado hemp extraction company seeking the return of roughly 7,000 pounds of hemp biomass after it was seized in Idaho asked a federal court to override the state and affirm that hemp transportation is legal. But Idaho lawyers say the Colorado company – Big Sky Scientific of Aurora – “jumped... Read more
Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch. Terms of the acquisition were not made public. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an... Read more
(Editor’s note: This is the second in a series of Q&As with hemp industry speakers who will appear at MJBizConINT’L, Sept. 4-6, in Toronto. To read the previous Q&A in this series, click here.) Industrial hemp is big business – and it’s only going to get bigger as investors around the... Read more
Matthew Whitaker (This story has been updated with more details and comments from Alternate Health.) Toronto-based CBD company Alternate Health has tapped the former highest-ranking law enforcement officer in the U.S. to serve as outside counsel, officials announced Tuesday. In announcing it was retaining former U.S. Attorney General Matthew... Read more
More than 50% of Hawaii’s 2019 hemp crop had to be destroyed because of elevated THC levels, a problem that state agriculture officials attribute to a lack of cultivars suited to a tropical climate. Eighteen crops were destroyed and another four hemp crops exceeded legal THC limits but were... Read more
More than six months after hemp was made legal in the United States, federal drug authorities have updated their guidance to remind law enforcement that hemp is no longer a controlled substance. A notice posted Monday by the U.S. Drug Enforcement Administration (DEA) cited the 2018 Farm Bill in... Read more
