Oregon’s HempNova Lifetech Corp., which grows and dries hemp, has bought a 90% interest in a hemp-growing operation in the southern part of the state. The Eugene-based company announced last week it will pay $4.5 million in three cash installments for the percentage stake it bought from Creekside Hemp Inc.... Read more
Saying the hemp industry needs better research into cannabinoid safety and efficacy, Colorado CBD maker Charlotte’s Web has launched a new research division and tapped a former health diagnostics executive to lead it. Tim Orr is leading a new division called Charlotte’s Web Labs, a team of about a dozen that... Read more
Talking about hemp comes easy to Keith Jones, the new president of the Canadian Hemp Trade Alliance. He’s been growing industrial hemp at his farm in southern Alberta for more than 20 years. But Jones still talks about it like great discoveries and opportunities await. Hemp Industry Daily recently caught up... Read more
(This is an abridged version of a column that appears in the March issue of Marijuana Business Magazine.) Cannabis is often touted as a self-sustaining crop that doesn’t need pest protection. Yet in 2019, outdoor hemp farmers saw heavy disease and pest pressure. As planting season approaches for outdoor hemp... Read more
Hemp bans in California towns are common as the crop struggles to gather broad support in a state where nearly half of its counties outlaws hemp production. But in Oregon, where hemp has become a widely accepted stable, one city is considering banning production within its limits. The Medford... Read more
Texas has opened applications to grow and process hemp in the nation’s second-largest state. But state agriculture agronomists are warning that Texans shouldn’t look to wetter states like Kentucky and Oregon to predict production. The applications opened Monday and come with $100 application fees $100 licensing fees $300 sampling... Read more
Three men who run a CBD shop in southwestern Germany are under investigation for violating the country’s controlled substances law. The men, all 28, are accused of illicitly producing narcotics and selling the products online and in their retail store in the city of Tübingen, state prosecutors and police said in... Read more
Georgia has federal approval to oversee hemp production in 2020 and is planning to start taking applications later this month. But the state has yet to settle how it plans to pay for its hemp program. Georgia’s hemp plan cleared the U.S. Department of Agriculture last week, an approval... Read more
California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, is ratcheting back its hemp revenue predictions. The company told investors Friday that it’s retracting its 2020 hemp revenue guidance of $25 million. The announcement came as the firm announced it will miss this quarter’s revenue estimates.... Read more
Another Kentucky hemp producer is seeking bankruptcy protection. Atalo Holdings cited “confounding guidance” from regulators and “unforeseen market forces” in announcing the Chapter 7 filing late Friday. Atalo chairman Andrew Graves said in a statement that the company hopes to continue operating while bankruptcy proceeds. Graves called his company “an... Read more
