EU position murky ahead of vote to change global drug treaties that affect CBD
A delegate for the European Union didn’t say Thursday how EU countries would vote on proposed changes to the way cannabis including CBD is treated in global drug treaties. But Stephan Klement said during a Vienna meeting of the U.N. Commission on Narcotic Drugs (CND) that the EU supports... Read more
Investors accuse CBD executives of scamming investors, getting bogus PPP loan
This Canadair LTD CL-600 Challenger is among the luxury items connected to Integrated CBD executives after the company received a pandemic bailout (photo courtesy plaintiffs’ attorneys). A CBD company in Arizona is accused of bilking investors of millions of dollars and getting an emergency pandemic-relief loan while the business... Read more
Costa Rican lawmakers considering hemp cultivation, processing
Costa Rican lawmakers have put forward a draft law to legalize the cultivation, production and sale of industrial hemp and medicinal marijuana. The proposal was published last month after it was approved by lawmakers on the Environment Commission of the Legislative Assembly, online news outlet El Mundo CR reported.... Read more
Last chance to submit public comment on USDA’s final hemp production rules
Hemp farmers have one more day to share criticism about the looming national rules for hemp production. The U.S. Department of Agriculture extended the comment period for its interim final rule, beginning Sept. 8 through Oct. 8. The USDA says it is most interested in public comments about: Measurement... Read more
Italy adds hemp flower for ‘extraction uses’ to official agriculture products list
Italy’s Agriculture Ministry has included hemp flower for “extraction uses” on an official list of agricultural products for medicinal purposes. The change signals the possibility of increased market opportunities in Italy for growing hemp for cannabinoid extraction, despite uncertainty about how the plant is treated elsewhere in Europe. The... Read more
In hemp, representation matters
(This story appears in the October issue of Marijuana Business Magazine) People of all ethnicities want to feel comfortable in the workplace, and that often begins with seeing faces that look like their own represented within their company and the industry as a whole. It also means seeing a clear path for advancement within an organization beyond becoming a... Read more
Best practices for hemp firms to recruit – and retain – diverse talent
(This story appears in the October issue of Marijuana Business Magazine. It has been updated to correct the number of Vertosa employees.) Many businesses are being challenged to advance racial diversity and social equity in their communities—and cannabis companies are no exception. Diverse staffing should be part of the... Read more
MJBizCon 2020 rebooting as entirely digital experience, in-person canceled
Marijuana Business Daily announced it is canceling its in-person flagship conference, MJBizCon, for 2020 because of the coronavirus pandemic and will instead offer a five-week digital conference and trade show starting Nov. 2 and culminating with the main event Dec. 2-4. MJBizCon, the cannabis industry’s largest event, was originally... Read more
Hawaii farmers worry USDA’s federal hemp program will be cost-prohibitive, less protective
The state of Hawaii will end its industrial hemp pilot program at the end of October, and instead steer farmers toward applying for U.S. Department of Agriculture licenses. Gov. David Ige signed a bill that would legalize hemp production throughout the state after Hawaii’s last legislative session. But although... Read more
Nasdaq moves to delist California hemp firm
The Nasdaq stock exchange has moved to delist California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1, triggering removal from the exchange. Youngevity grows and sells commercial coffee in addition to hemp. It also has a third division focused... Read more
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