Former Marine Amy McGrath wins Democratic primary to face U.S. Sen. Mitch McConnell
Retired Marine fighter pilot Amy McGrath is the Democratic Party’s choice to challenge Republican incumbent Sen. Mitch McConnell this November. The Associated Press on Tuesday afternoon called the race for McGrath over state Rep. Charles Booker, one week after Kentucky’s U.S. Senate primary election. The call came as absentee... Read more
Overheard at HIDC: Collaborate to strike distribution deals for smokable hemp and other hemp-derived products
“Pigs get fat, hogs get slaughtered” – and that’s a good way to think about seeking out large distribution deals for smokable hemp products, according to Jackson Garth, CEO of Verde Leaf Group, an Atlanta-based vertically integrated hemp operator. Garth told entrepreneurs at the Hemp Industry Daily Conference Direct... Read more
FinCEN reminds banks to treat hemp businesses equally to any other business
Officials from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued guidance Monday to address banks’ questions about servicing hemp-related business customers. The guidance reminds banks that filing Suspicious Activity Reports (SARs) is not necessary when working with hemp businesses because hemp is federally legal and no longer... Read more
UN body sees challenges for adding CBD footnote to international narcotics treaty
The World Health Organization’s proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a United Nations narcotics convention could be difficult to enforce, a U.N. monitoring body has said. The International Narcotics Control Board said authorities in some countries may lack... Read more
Overheard at HIDC: As hemp industry was being established, CBD’s popularity was unexpected
CBD’s surge in popularity over the last few years was a surprise to the hemp industry, which first envisioned other uses for the plant, including fuel and fiber for textiles, according to a Denver-based attorney. “Laws are shaped by the products and activities we envision,” Andrew Livingston, director of... Read more
Oregon hemp producer leverages partnerships, retail presence to get national exposure, expand its footprint
(This is an abridged version of a storythat appears in the May-June issue of Marijuana Business Magazine.) While still fairly small, East Fork Cultivars has become one of the most respected cannabis cultivators in the Pacific Northwest. The family-run business based in Takilma, Oregon, wants to increase its profile... Read more
Hemp Industry Daily Conference Direct keynote speaker Dia Simms calls for cannabis industry to ‘be audacious’
Dia Simms The Hemp Industry Daily Conference Direct and MJBizConNEXT Direct kicked off today with a virtual keynote speech from Dia Simms, an award-winning entrepreneur and member of BRN Group, a New York-based cannabis tech company. Simms called on the cannabis industry to move in unison to overcome over... Read more
Overheard at HIDC: Lawyers can bite even if FDA doesn’t
CBD manufacturers in the U.S. have more to worry about than confusing regulations about how the extract can be legally made and sold. They’ve also got to keep an eye on the court dockets. That’s because plaintiffs’ attorneys are stepping in to challenge CBD companies in an absence of... Read more
Overheard at HIDC: Hemp sales jobs are hot, while cultivation sector getting crowded
The listing economy has job-seekers flooding into the marijuana and hemp sectors looking for work. Savvy operators already in the industry are shifting roles to stay employed and get an edge on the competition. The smartest pivot right now? Moving from cultivation to a sales role, according to industry... Read more
How hemp, cannabis growers use technology, automation to cut costs amid pandemic
(A version of this story originally appeared on Marijuana Business Daily.) Hemp and cannabis cultivators are turning to technology and automation to help achieve efficiencies, cut costs and keep workers safe during the coronavirus pandemic and the current economic downturn. Growers report technology and automation solutions include: Automated irrigation,... Read more
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