Hemp Industry Daily launches annual industry survey for business data
The chance has arrived for hemp industry executives and investors to help put numbers behind the hype by participating in the annual Hemp Industry Daily survey. The survey helps the Colorado-based HID provide key market, financial and operational data for business and entrepreneurs. The anonymous survey can be taken... Read more
New $102 million equity fund targets science, tech hemp and MJ businesses
Pennsylvania-based Intrinsic Capital Partners says it raised $102 million in a fund that will invest in science and technology businesses focused on the legal hemp and marijuana industries. “We believe this is … a rare opportunity to invest in a space where there’s tremendous underlying demand, a strong industrywide... Read more
Study: Higher-THC hemp used in Italy as substitute for sedatives, anti-depressants
The sale of hemp flower in Italy has been connected with a decrease in sales of several types of medications, suggesting that some patients chose to dump their prescription drugs in favor of self-medication with an unregulated CBD-based therapy, research by a trio of economists shows. A new study... Read more
Board chair of bankrupt GenCanna diverted funds to his company, lawsuit alleges
The board chairman of GenGanna Global, a Kentucky hemp and CBD company that went bankrupt, diverted more than $4 million in cash and benefits to his hemp company, according to a lawsuit. A lawsuit filed by OGGUSA Inc., GenCanna’s new name since the bulk of its assets were sold,... Read more
Growing hemp without soil? These universities want to hear from you
Researchers from seven universities and federal laboratories want to hear from hemp and cannabis growers throughout North America to help identify production issues, and research and outreach needs associated with producing specialty crops in soilless substrates. The researchers, recipients of a federal planning grant from the U.S. Department of... Read more
Wisconsin hemp cultivation will continue under 2014 rules, after confusion over deadline
Wisconsin agriculture officials say hemp cultivation in the state will continue under the 2014 Farm Bill pilot program after the federal government extended the legislation’s authority for another year. Thursday’s announcement clarifies confusion over what regulations the state needed to follow because Wisconsin submitted a cultivation plan under 2018... Read more
UK’s CBD market scrambles to prepare for March novel food deadline
The United Kingdom market for CBD edibles is less than six months away from a radical upheaval, but Gavin Ogilvie isn’t worried. Starting April 1, no CBD product on the U.K. market will be allowed to stay there without validation by food-safety authorities, and Ogilvie’s company – the Manchester-based... Read more
Hemp businesses look to blockchain to provide transparency to customers
As the hemp industry matures, some business are starting to rely on blockchain technology to assure customers that the products they’re buying contain what’s advertised and information on where they originated. Track-and-trace systems are nothing new in states with medical or recreational marijuana that are required by law to... Read more
HIA, CBD maker file another legal action against DEA over hemp extracts
The Hemp Industries Association and a South Carolina CBD manufacturer are asking a second federal court to prevent the U.S. Drug Enforcement Administration from criminalizing hemp extracts. At issue is whether the DEA is simply updating its policies to comply with the 2018 Farm Bill, which removed low-THC cannabis from... Read more
Connecticut governor signs hemp cultivation plan amid USDA uncertainty
Connecticut Gov. Ned Lamont has signed into law the state’s new hemp cultivation regulations to align with requirements from the U.S. Department of Agriculture. Connecticut has already submitted its hemp plan to USDA, but the agency has yet to approve it. The new law enacts those changes anyway and... Read more
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