Hemp Industry Daily is providing a free calculator intended to help cannabis companies forecast their financial performance based on different revenue assumptions during the current economic tumult. The tool is designed to provide a snapshot of how a prolonged pandemic situation – or some other variable – might affect... Read more
Kansas has won federal approval to oversee hemp production in 2020, saying farmers have until June 1 to submit applications for growing hemp this year. The state submitted a plan several months ago, and then resubmitted it in April to make suggested changes. Kansas’ updated regulations charge hemp farmers... Read more
(This is the final part of a series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. Part Three compared hemp salaries with those in traditional commodity agriculture. Part Four reviewed compensation and recruitment... Read more
Virginia has joined other states in allowing CBD in food despite federal prohibitions. Gov. Ralph Northam recently signed the legislation that defines CBD as food and gives state regulators power to regulate the new industry. The Virginia Department of Agriculture and Consumers will be in charge of regulations and... Read more
(This is the fourth part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. Part Three compared hemp salaires with those in traditional commodity agriculture. Coming... Read more
Florida’s proposed hemp regulations have won federal approval, two weeks before the state plans to start taking applications for its first commercial hemp season. The U.S. Department of Agriculture signed off on Florida’s plan this week. Applications open April 27. Florida calls for hemp to be tested for total... Read more
Denver-based Molson Coors Beverage Co. is partnering with a Canadian marijuana company to sell non-alcoholic hemp-derived CBD drinks, the companies announced Tuesday. Molson Coors and HEXO Corp. said the joint venture, called Truss CBD USA, will be established in Colorado and will be a standalone entity with its own... Read more
Canopy Growth, a global cannabis giant that muscled its way into the U.S. hemp market, has announced that it is shutting down its hemp-growing operation in New York state, citing a glut of hemp from last year. The Canada-based company will cease farming operations in Springfield, New York, but... Read more
Less than three weeks after the U.S. passed a $2.2 trillion stimulus bill to help individuals and businesses through the economic disruption caused by the coronavirus pandemic, the government has reportedly run out of funds for small businesses. The Coronavirus Aid, Relief and Economic Security (CARES) Act included $349... Read more
A U.S. appeals court has upheld a $4 million judgment in favor of an El-Salvador based CBD oil supplier that accused its Florida distributors of breach of contract. The decision Tuesday from the 11th Circuit Court of Appeals affirmed a decision from an arbitration panel the ruled in favor of... Read more
