New Jersey has expanded its hemp law to allow more cultivation and derivatives such as CBD to go in foods and cosmetics. However, state analysts say it’s unclear how big of a player New Jersey will be in the national hemp market. Signed into law Friday by Gov. Phil... Read more
With industrial hemp and recreational/medical marijuna becoming what it calls more “mainstream,” law firm and lobbying giant Brownstein Hyatt Farber Schreck said it has created a new industry group to accommodate the maturing markets. The group will be co-chaired by Melissa Kuipers Blake, a shareholder in the Denver-based firm’s... Read more
Most American farmers are in full-fledged panic mode following news that companies in China have suspended use of U.S. agricultural products in response to tariffs imposed by the Trump administration on Chinese goods. But the nascent U.S. hemp industry shouldn’t worry, economists and trade experts told Hemp Industry Daily.... Read more
Business partners involved with an Oregon hemp farm are taking a former partner to court over allegations he stole from the farm to make and sell CBD oil worth more than $500,000. Bakers Ranch Botanicals in Deschutes County, Oregon, filed a lawsuit seeking $950,000 in damages against Michael Schook... Read more
California has lagged behind other states in passing hemp policy. That could change in the next month. A pair of long-debated hemp and CBD proposals are awaiting California lawmakers when they return from their summer recess on Monday. At stake is the future of the hemp industry in the... Read more
We often hear from acquirers and company owners alike in cannabis sectors that the times we are living in now are like “the first years after Prohibition in 1933.” The implication is that hemp and marijuana versions of Anheuser-Busch, Coors and Seagram are being formed now, and it won’t... Read more
Cronos Group, a Toronto-based marijuana company, predicts CBD customers in the United States will be the “largest contributor” to its sales over the next couple of years. But company executives cautioned investors that it’s “too early to speculate” on how big the European market for CBD will become. The... Read more
A Nebraska farm equipment manufacturer and dealer who was denied a license to grow hemp in 2019 is suing the state Department of Agriculture and its director. Jacob Bish, head of public relations at Giltner-based Bish Enterprises and Hemp Harvest Works, was one of 176 applicants seeking to grow... Read more
Though Wyoming farmers can’t yet grow hemp, the state says its lab to test the crop for THC is almost ready. Wyoming Gov. Mark Gordon and the state Department of Agriculture sent an update this week to would-be hemp farmers reminding them that production remains illegal until federal agriculture authorities... Read more
Strong patient interest in the only federally approved CBD product in the United States helped drugmaker GW Pharmaceuticals record $72 million in revenue last quarter. Epidiolex, a seizure control drug approved by the U.S. Food and Drug Administration, has seen brisk sales and new patient enrollments since the drug’s launch... Read more
