Lawmakers in the nation’s second-largest state have agreed to allow hemp cultivation, putting Texas one signature away from joining at least 42 other states to allow commercial hemp farming. The Texas measure, which passed unanimously in the state House and Senate, would not only legalize CBD in the state but... Read more
The hemp industry continues to be a top investment target for well-capitalized Canadian cannabis companies. But that doesn’t mean they’re all looking to grow the plant. Organigram CEO Greg Engel, whose New Brunswick-based company began trading this week on the Nasdaq, says CBD offers a big opportunity to enter... Read more
A London skin-care company is the latest acquisition for Canada’s Canopy Growth, a marijuana producer that is deploying capital around the globe to gain traction for its hemp-derived CBD products. Canopy announced Wednesday it spent 43 million pounds ($54 million) to purchase This Works, which makes skin-care products and a sleep-aid... Read more
Canada’s top health agency plans to launch public consultations on a proposed approach for regulating natural health products containing cannabis, Hemp Industry Daily has learned. Any subsequent regulations by Health Canada could have major implications for Canada’s CBD industry, which currently can be accessed only with a doctor’s prescription... Read more
Village Farms International, a prominent greenhouse vegetable producer from Canada, is entering the Colorado hemp market with a $5 million joint venture to start growing CBD-rich hemp in the Centennial State. To accomplish the move, Village Farms entered a joint venture with Arkansas Valley Hemp in southern Colorado. Under... Read more
The hemp industry cheered when the plant was legalized last year. But the promise of hassle-free commerce from hemp’s most valuable product – the cannabinoids in its flowers – has remained elusive. That’s because the U.S. Food and Drug Administration waited less than 24 hours after hemp was legalized... Read more
Banks may be hesitant to serve hemp companies because of confusion about marijuana laws, the top U.S. bank insurer says. But that doesn’t mean financial institutions should require a new law guaranteeing hemp banking, said Jelena McWilliams, head of the Federal Deposit Insurance Corp. (FDIC), which insures deposits. McWilliams... Read more
An Arizona hemp company selling feminized hempseeds and clones says it is buying two greenhouses to increase production. HempWave says the new greenhouses – in Phoenix and Willcox, Arizona – total 210,000 square feet. The company says the additional greenhouse space will allow it to produce more than 500,000... Read more
Canada is wrongly treating hemp extracts like marijuana, limiting opportunities for farmers and creating a black market for CBD, according to a trade group that wants the nation’s health authorities to reclassify hemp-derived CBD. The Canadian Hemp Trade Alliance (CHTA), along with the Canadian Health Food Association, wrote to... Read more
The push to legalize hemp and CBD products in Texas cleared another legislative hurdle with the state Senate’s unanimous approval of a bill to allow production and sales. The proposed Texas hemp bill, which also passed unanimously in the state House last month, would not only legalize CBD in... Read more
