Photo by Media Collaboratory The Farm Bill’s passage presents marijuana cultivators, extractors, manufacturers and retailers with a boatload of federally legal business opportunities by way of hemp-derived CBD. But the pivot from a mainly marijuana company to a CBD company is fraught with regulatory hurdles, gray areas and logistical... Read more
Assuming the U.S. Food and Drug Administration develops health and safety regulations for CBD products, larger hemp companies with more capital may be poised to gobble up mom-and-pop hemp companies to supply big consumer-packaged-goods companies with CBD. In other words, the hemp industry may grow in acreage but contract... Read more
Another Southern state is increasing farmers’ opportunities to produce hemp with a new law signed this week. South Carolina Gov. Henry McMaster signed a bill expanding the number of growers who can participate in the state’s hemp program and eliminating a cap on the number of acres they can... Read more
Another Canadian company is looking to Europe for expansion – this time in CBD. A large, vertically integrated Canadian company plans to buy up the remaining shares of a Swiss organic CBD company to expand into the global market. MPX International, a vertically integrated CBD company based in Toronto,... Read more
(This article has been updated to include a response from Rite Aid.) A third large U.S. pharmacy chain announced plans to carry CBD products in two states starting this month, following the trend of major retailers cashing in on the demand for hemp-derived CBD. Rite Aid will begin selling... Read more
Photo by Kristen Nichols The Farm Bill opens a raft of opportunities for would-be hemp cultivators, including marijuana growers and smaller, traditional crop farmers. But doing it well requires shrewd planning and savvy dealmaking. When mulling a foray into growing hemp, consider the following: Ask for payment up front... Read more
As the hemp industry has grown, a variety of states also have developed in different ways. Here’s a look at how the industry has developed – and what hemp entrepreneurs can look forward to – in the different regions across the country. The Hemp CradleFor years, Colorado led the... Read more
Photo by Media Collaboratory Savvy hemp entrepreneurs can snag free government dollars that are virtually out of reach for marijuana businesses. And now that the 2018 Farm Bill has become law, an even bigger checkbook awaits in the form of Uncle Sam. “The big money is the USDA,” said... Read more
Now that hemp is a federally legal product, the door is open for large institutional investors to enter the market and pump millions – if not billions – of dollars into hemp and CBD companies. And hemp companies that have relied on private equity or turned to Canada’s public... Read more
Entrepreneurs say they’re carried away by the excitement of hemp’s potential. Hemp Industry Daily projects hemp-derived CBD retail sales will surge to as much as $7.5 billion by 2023, up from about $1 billion this year. Nevertheless, entrepreneurs are uncertain where the rush will take them or what the market... Read more
