A Texas proposal to open the nation’s second-largest state to the hemp farming boom could soon become a reality after House legislators gave the idea an important thumbs-up Tuesday. The legislation positions Texas to join at least 42 other states with legal hemp production. The measure passed without objection... Read more
Oklahoma Gov. Kevin Stitt’s freshly inked signature on legislation moves hemp from a pilot project to full commercial production plan under the 2018 Farm Bill. Stitt signed the bill on Thursday, with bipartisan support from state lawmakers. Rules should be in place in time to allow commercial production in... Read more
Everyone in the hemp industry seems to agree that voluntary safety regulations would help the burgeoning CBD industry avoid troublesome regulations from the federal government. Problem is, there’s little agreement on how it should be done. Manufacturers and retailers have been sniping for years over the best way to... Read more
Toronto-based cannabis investment firm Sol Global Investments has completed a nonbrokered private placement financing of common shares of its international hemp subsidiary, Heavenly Rx, for more than $12 million. As a result, Sol Global now holds 34.4% of Heavenly Rx’s shares, while the rest of the common shares were... Read more
North Dakota has lowered fees on hemp farmers and lifted a ban on flower and CBD production. The state ranked seventh in hemp acreage in 2018, even though the law previously limited hemp production to fiber and seed products. Gov. Doug Burgum signed the measure into law earlier this... Read more
The U.S. Department of Agriculture (USDA) has stepped in to assist hemp producers and exporters to bring hempseed to the United States now that the U.S. Drug Enforcement Administration (DEA) is not involved. In addition to the 2018 Farm Bill removing hemp and its derived products from the U.S.... Read more
Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp. Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado. More details can... Read more
Michigan Gov. Gretchen Whitmer and the state’s agriculture department launched hemp licensing for the 2019 planting season Thursday, ensuring that Michigan’s agriculture industry won’t miss out this year. “Michigan is uniquely positioned to grow, process and manufacture industrial hemp (as) one of the nation’s most agriculturally diverse states,” Whitmer said... Read more
The Vitamin Shoppe is the latest large retailer to announce it now carries CBD, but unlike other drugstore chains, the New Jersey-based chain is selling edible CBD supplements and drops. The move goes against the U.S. Food and Drug Administration’s (FDA) repeated warnings that CBD in food, cosmetics and dietary... Read more
Upheaval is ahead for North America’s CBD market, and those companies that focus on data, research and branding are the ones that will likely survive, according to Canopy Growth CEO Bruce Linton. “Water’s free, and you can make a lot of money packaging and branding it,” he said at the... Read more
