Europe’s hemp industry hit a milestone last week when the European Union’s top court liberated CBD from the jurisdiction of an international drug treaty, declaring that hemp-derived cannabidiol is not a narcotic. Hemp groups in France and elsewhere in Europe gave the five judges a standing ovation for the... Read more
Canada’s hemp acreage and export value are both up more than 20% this year, the Canadian Hemp Trade Alliance reported after its annual gathering. “The Canadian hemp industry continues to grow in 2020 despite the challenges posed by COVID-19,” CHTA board chairman Keith Jones said in a statement after... Read more
The North Carolina Industrial Hemp Association has expanded to seven states and rebranded as a regional group. The new Southeast Hemp Association includes some 650 hemp farmers and processors in seven states. The group added members from Georgia, Florida, Maryland, South Carolina, Tennessee and Virginia. Blake Butler, executive director... Read more
The Tennessee Department of Agriculture has issued a $50,000 grant to a CBD business through a program aimed at supporting agribusinesses that have a positive impact on the state. The award to Rossville-based Hemp2Lab comes from the Agriculture Enterprise Fund, which was created in 2017. Since then, the fund... Read more
Brianna Kilcullen found the remedy to mildewy towels in hemp fiber. Turns out, the plant has a molecular structure that reduces the growth of bacteria and smell of mildew in a hemp-based towel, said Kilcullen, founder and CEO of Jacksonville, Florida-based Anact. Kilcullen got the idea to make towels... Read more
Alphagreen, a London-based e-commerce platform focused on CBD, has secured 1.1 million pounds ($1.5 million) of seed funding to help finance the rollout of new products and services and an expansion into the United States. According a statement released last week, participants in the seed round included: Stockholm-based Enexis... Read more
The Nasdaq stock exchange has completed its delisting of California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1. Youngevity grows and sells commercial coffee in addition to hemp. It also has a third division focused on omnichannel marketing. The delisting... Read more
Wyoming state lawmakers have rejected a bill to ban smokable hemp and products containing CBD. The proposal came at the request of law enforcement who say they have no way of distinguishing between marijuana and hemp when they’re on patrol, the Casper Star-Tribune reported. A state Senate committee defeated... Read more
Federal food and drug regulators this week highlighted the challenges they’re facing in regulating CBD and other cannabis-derived products, emphasizing the knowledge gaps that still exist due to a continued lack of data regarding the science of CBD and other cannabinoids. Kaveeta Vasisht, director of the FDA’s Office of... Read more
Get in-depth analysis on cannabis investing from MJBizCon’s Passholder Days. It’s all available to you on demand. The co-CEO of North Carolina CBD maker cbdMD Inc. is among those seeking $100 million through an IPO for a blank-check company that will invest in consumer goods. The new blank-check company,... Read more
