Data from Gallup shows that younger Americans are more confident in the health benefits of CBD – but the majority of people familiar with cannabinoids, regardless of age, believe it has at least some health benefits. A telephone poll conducted by Gallup in late May found that 78% of... Read more
Hemptown Organics Corp., a vertically integrated, multistate hemp producer based in Central Point, Oregon, has acquired longtime nutraceutical manufacturer Kirkman Group for $5 million. With $6 million in existing annual revenue, Kirkman operates a 25,000-square-foot nutraceutical manufacturing facility that is Current Good Manufacturing Process (CGMP)-certified and licensed by the... Read more
Hemp grown by Rancho Tissue Technologies. Large-scale greenhouse growers are swiftly entering the hemp market as they look for higher margins than they get from traditional produce and ornamental plants. It’s no secret that interest in hemp production is booming, and producers from all agricultural sectors are joining in... Read more
Sol Global, a Toronto-based international cannabis investment firm, said it raised 50 million Canadian dollars ($37.5 million) in debt financing. The company will use the proceeds to fund its expansion in CBD activities and operations in California, Florida and Michigan. The company also said Jonathan Gilbert resigned as president... Read more
Hoping to gain a new business opportunity, Indiana CBD retailers are turning to the federal court system to overturn the state’s ban on smokable hemp products. Seven hemp-derived CBD retailers filed the lawsuit in Southern Indiana District Court in cooperation with the Midwest Hemp Council, the Courthouse News Service... Read more
Hemp farmers in South Carolina now have temporary access to an arsenal of pesticides for the 2019 production season after state regulators approved a list of products suitable for hemp cultivation. The move eliminates a hurdle farmers have faced since the crop was cleared for production in the state... Read more
New York City implemented a citywide ban this week prohibiting businesses from selling food and drinks containing CBD. The ban took effect just a few days after New York state lawmakers passed a bill allowing for some CBD products but not settling a process for putting it in food. After... Read more
Hoping to resolve the legal confusion surrounding the selling of CBD products, states are starting to leapfrog federal health regulators and give hemp entrepreneurs permission to put cannabis extracts in food, drinks and dietary supplements. But the efforts aren’t reducing legal headaches for the hemp industry. That’s because states... Read more
Farmers are so bullish on hemp that growers from Wisconsin to Florida are making big investments even before federal agricultural regulators write the rules for how the plant can be grown and sold. The hemp boom conceals a nagging problem for hemp farmers and manufacturers alike – there is... Read more
