A former executive from agriculture giant Cargill has joined the ranks of a Florida hemp processing company as it scales its operations to meet anticipated demand for bulk hemp extract. Matthew Turner joins the executive leadership team of Fort Lauderdale-based Green Point Research as chief science officer and will... Read more
The U.S. Food and Drug Administration said it will continue to “take appropriate action against unlawful CBD products that pose a risk of harm to the public,” even as the federal agency implored the industry to collaborate with the government to study CBD’s possible benefits and dangers. The statement... Read more
The CannaTech medical cannabis innovation conference was postponed until June 15-16 because of coronavirus concerns. (Photo courtesy of CannaTech) (A version of this story appeared earlier on Marijuana Business Daily.) Some U.S. and international cannabis industry conferences and trade shows – important for marijuana and hemp businesses to market... Read more
Mexican lawmakers are a step closer to legalizing marijuana and hemp. Three separate Senate panels approved legislation that would legalize all forms of cannabis, sending the measure to the full Senate. It would still require a vote in another chamber after that. Although there’s still steps to go, the... Read more
Swissx Labs, which makes smokable hemp and hemp-derived CBD products, has hired a new sales director to spearhead the brand’s expansion in Europe. Christian Wagner takes the reins as head of sales and marketing in Switzerland after working in luxury branding for high-end hotels and fashion brands. Wagner also... Read more
Ohio farmers began applying for three-year permits Tuesday to start growing hemp in the state this year. Ohio was among the first three states in the country in December to have the U.S. Department of Agriculture approve their rules for growing and processing hemp. The Ohio Farm Bureau predicts the plant... Read more
(A version of this story appeared earlier on Marijuana Business Daily.) Hemp companies of all stripes – from growers to retailers – are likely to join other global industries feeling the fallout from the coronavirus outbreak. That’s largely because so much inexpensive cannabis hardware is made in China. It... Read more
A New York-based company that makes hemp-derived CBD supplements, drinks and cosmetics has secured $5 million from a European private equity firm in a cash-for-stock deal. Emerald Organic Products, which makes CBD products under the Pura Vida Vitamins label, on Tuesday announced the deal with Bedrock Group Holdings, a... Read more
Two Canadian companies that formed a joint venture to sell hemp and marijuana have settled a legal dispute over which owned more of the business they created. Village Farms International and Emerald Health Therapeutics on Tuesday announced the settlement, which stipulates that Village Farms will own 57.4 % of... Read more
Three cannabis veterans who helped grow a Canadian firm into the biggest company in cannabis are setting their sights – and up to $175 million – on the U.S. hemp supply chain beyond just flower products. Bruce Linton and Tim Saunders, the former CEO and CFO of Canopy Growth,... Read more
