Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far... Read more
Cannabis entrepreneurs long frustrated by barriers to social consumption of their products are finding that CBD is a faster way to getting their products in front of consumers. Where marijuana entrepreneurs have been plagued by delays or outright hostility from public officials when it comes to public use, CBD... Read more
Kentucky hemp grower and CBD manufacturer GenCanna Global is building a fourth factory in Kentucky, a $40 million facility the company received hefty public support for. GenCanna received “several million dollars” in state and local tax incentives to build the factory in Mayfield, in western Kentucky, President Steve Bevan told... Read more
A subsidiary of Canada cannabis giant Canopy Growth is stepping up investment in an Italian hemp company. Canopy Rivers announced last week that will spend 17.4 million Canadian dollars ($13 million) to increase its ownership in CanapaR Corp., the parent company of CanapaR SrL, a hemp-derived CBD manufacturer based... Read more
Nationwide hemp legalization cleared its final congressional hurdle Wednesday, sending the watershed 2018 Farm Bill that removes hemp from the Controlled Substances Act to President Donald Trump. The House voted 369-47 to pass a Farm Bill compromise that includes legalizing cannabis plants with no more than 0.3% THC. Trump... Read more
A long-awaited end to five decades of hemp prohibition has been approved by a House-Senate panel, opening the door to hemp production in all 50 states for any use – including CBD. The measure is included in the 2018 Farm Bill, which still must pass both houses of Congress... Read more
New York state is banning CBD vape and food manufacturing and asking 2019 hemp licensees to sign a waiver acknowledging the “inherent risk” of making a dietary supplement considered off-limits by federal health authorities. The New York State Department of Agriculture and Markets also will require hemp-derived CBD supplements to... Read more
Texas should join the hemp craze, according to the top agriculture official in the largest state not to allow hemp cultivation. Texas Agriculture Commissioner Sid Miller is calling on the U.S. Congress to lift limitations on hemp farming, The Dallas Morning News reports. “This is all about taking the... Read more
While a reported compromise on the 2018 Farm Bill has not been officially released, details are starting to leak about felon participation in the industry. A hemp-legalization measure poised for final action in Congress this month would set up a two-tier system for drug felons, McClatchy’s Washington bureau reported.... Read more
A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know:... Read more
