Texas has proposed a slate of rules for consumable hemp products and asked the public to make suggestions on them. The Department of State Health Services rules published Friday address oversight and licensing for manufacturers, processors and distributors. The rules would also require $150 annual registrations for retailers to... Read more
Amid the coronavirus pandemic, CV Sciences, a hemp CBD manufacturer based in San Diego, reported revenue of $8.3 million for the first quarter ended March 31, down 45% from the same period a year ago. For the first three months of the 2020 fiscal year, sales were $8.2 million,... Read more
If you’re a hemp farmer who is sitting on flower and biomass produced in 2019, you aren’t alone, says Casey Flippo, CEO of Little Rock, Arkansas-based hemp extraction firm Natvana LLC. Because the hemp market, which already had been seeing a shortage of processors and extraction facilities, is seeing... Read more
A Toronto-based biopharmaceutical cannabinoid company is exporting 100,000 hemp seeds to Denver from Colombia through a subsidiary there. The first seeds were exported Thursday, according to Avicanna CEO Aras Azadian. Avicanna develops, manufactures and sells plant-derived cannabanoid-based products. Exporting all the seeds will be completed in the next two... Read more
With time ticking down for CBD manufacturers to meet the UK’s deadline for having a validated EU novel food application in hand, two European hemp associations are pooling resources to meet the application’s requirements. The assistance on offer from the European Industrial Hemp Association in Germany and the Association... Read more
Iconic cannabis magazine High Times has tapped Peter Horvath, former CEO of a nationwide CBD retailer, to lead its pivot into marijuana retail. High Times Holding Corp. announced the appointment Wednesday, less than two months after he left Ohio-based retailer Green Growth Brands. The departure came as the company sold... Read more
A CBD and hemp-oil manufacturer in Colorado has plans to buy a cannabis-growing operation in Switzerland. CBD of Denver expects to close on the purchase of CBDWelt24 GmbH and its two hemp cultivation facilities in Switzerland by the end May. The purchase price was not disclosed. According to a statement... Read more
Hemp plants in a hurry? There’s a hack for that. Hemp can get off to a stronger and faster start in farmers’ fields if it’s been properly germinated or rooted as young plants, greenhouse operators say. Growers can choose from a number of young plant inputs, based on their... Read more
A former executive from FedEx and Hilton Worldwide will lead a new Tennessee CBD startup, called Hemp2Lab. Hemp2Lab’s 10,000-square-foot production facility in Rossville is about five to six weeks from opening, according to the Daily Memphian. The CBD oil the company makes with Oregon grower Big Top Farms will... Read more
Federal agriculture officials have released new loan guidance for direct and guaranteed loans for hemp producers and to ensure the new commodity is recognized as legal through the U.S. Department of Agriculture’s Farm Service Agency. “While it’s understood that this new commodity will likely produce some servicing challenges because... Read more
