International CBD brand Elixinol has appointed a new CEO for North and South America. Tom Siciliano will oversee the company’s hemp-derived CBD business in the Americas region. He succeeds outgoing Americas chief Leif Harrison, who recently spoke to Hemp Industry Daily about the company’s revamped global strategy. Wednesday’s announcement of the... Read more
A prominent marijuana lobbying is warning consumers against CBD-infused products claiming to guard against the coronavirus. The National Organization for the Reform of Marijuana Laws said this week that CBD retailers have received warning letters from the U.S. Food and Drug Administration for making such unsubstantiated claims. “If something... Read more
More states have declared that they’re going to stick with their own rules for the 2020 hemp production season, rather than follow federal guidelines on the new crop. To date, 20 states have said they will follow the 2014 pilot rules this growing season, outnumbering the 12 that have... Read more
Hemp became a legal commercial crop in the United States a little over a year ago, but since then, far too many stories have been told about farmers losing their crops to bad seed, wet weather, mold or spiking THC levels. Among the highly publicized challenges facing hemp producers... Read more
The coronavirus pandemic has upended the economic landscape and forced businesses of all sizes and industries to suspend operations, cancel events and furlough tens of thousands of workers. With markets in free fall and states imposing lockdowns across the U.S., some have argued that the hemp-derived-supplements industry could see... Read more
Agriculture officials in Alaska are trying to limit in-person trips to the Division of Agriculture, so they used a social media broadcast to lay out new rules for the state’s hemp program this week. Alaska’s Industrial Hemp Pilot Program, which will operate under the 2014 Farm Bill pilot program... Read more
A hemp farm in Kentucky has asked a court to nullify its contract with an Oregon processing facility, saying neither party was able to uphold its end of the agreement and that coronavirus measures in both states should trigger language making the contract moot. Third Wave Farms filed the... Read more
Farmers who produce hemp, along with other hemp businesses, could see relief from the coronavirus economic stimulus deal that the U.S. Congress reached early Wednesday. In the largest economic rescue package in American history, the Senate and the White House reached a deal to spend $2 trillion to keep... Read more
Mexico’s vote to legalize hemp and marijuana will likely be delayed because of the coronavirus pandemic, one attorney following the proceedings said. The delay has not been announced, but it’s expected to happen any moment, said Luis Armendáriz, an attorney in Chihuahua, Mexico, who is affiliated with Denver’s Hoban Law... Read more
Charlotte’s Web Holdings lost $18.8 million last quarter, a plunge of 688% from the same period in 2018. The Colorado CBD maker attributed the loss to slow adoption of its products in mainstream food, drug and mass retailers. The results put the company’s profits down 688% from the same... Read more
