Southern hemp breeder partners with horticultural broker for expanded US distribution footprint
Griffin, a horticultural plant broker and supply company based in Tewksbury, Massachusetts, has linked up with The Hemp Mine, a South Carolina-based hemp breeder and young plant provider, in an effort to expand distribution across the U.S. Well established in the ornamental garden plant industry, where the broker distributes... Read more
RECEIVERSHIP AUCTION 12/1/20 – Hemp processing equipment and inventory
Assets of Elemental Processing, LLC, located in Lexington, Kentucky are under court ordered Receivership.  LS Associates, LLC is the financial advisor to the Receiver and assisting in this auction process.  All assets to be sold December 1, 2020, by entire lots, as is where is.  Must qualify to attend... Read more
Italian economists: High-CBD hemp flower cut into illicit MJ market, hurt organized crime
A “cannabis light” vending machine in Italy (photo courtesy Alfredo Pascual) The availability of hemp flower containing up to 0.6% THC in Italy led some marijuana users to abandon their illicit products, costing criminal networks tens of millions, a trio of economists has found. The researchers’ findings, published last... Read more
Hemp industry pushing DEA to address byproducts
The Hemp Industries Association and a South Carolina CBD maker are trying to get U.S. Drug Enforcement Administration to clarify whether it considers temporary byproducts of hemp production a Schedule 1 substance. In a filing Monday in U.S. District Court in Washington DC, HIA and RE Botanicals ask a... Read more
Tennessee hemp farmer sues state patrolman over mistaken MJ charge, resisting arrest case
A hemp farmer in east Tennessee is suing a trooper for the Tennessee State Highway Patrol for twice charging her with crimes that were later dismissed. Rose Hembrook of Pikeville says she was pulled over by Trooper Donald Seiber in 2019 while driving two bags of hemp debris to... Read more
5 questions for hemp businesses from the election results – and 1 big reason for optimism
The nail-biter 2020 presidential election in the United States has a lot of folks scratching their heads. The hemp industry is no exception. Though the presidential campaigns never talked about the the newly legal crop, the race set up enormous implications for the business landscape faced by the hemp... Read more
Should ‘broad-spectrum’ CBD be defined? What about ‘isolate’? NY’s new extract rules could be model for nation
CBD consumers trying to make sense of terms like “full spectrum” and “broad spectrum” on labels are getting some help in New York state, where new rules for hemp extracts are winning praise from some in the hemp industry who say they could serve as a template for future... Read more
Prominent CBD advocate in US House loses re-election
House Agriculture Chairman Collin Peterson, a Minnesota Democrat and sponsor of a bill to require federal food and agriculture regulators to treat hemp-derived CBD as a dietary supplement, has lost his re-election bid. Peterson lost to Republican challenger Michelle Fischbach on Tuesday. He has represented rural western Minnesota since... Read more
Hemp, MJ firm Canopy Growth to follow Aphria onto Nasdaq, departing NYSE
(A version of this story first appeared at Marijuana Business Daily International.) Marijuana and hemp giant Canopy Growth is swapping one stock exchange for another, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq in an effort to save money. Canopy, which reported a loss of... Read more
Report: New Zealand health agency cracks down on illegal CBD sales
Authorities in New Zealand have threatened two hemp farmers with a $100,000 fine and loss of hemp license for selling products containing cannabidiol, which is permitted only in prescription medications in the country. Sarah Gibson and Aaron Silcock, hemp growers in the town of Reefton in the island nation’s... Read more
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