Colorado CBD maker Veritas Farms hired a former U.S. Food and Drug Administration official to help the company research and develop new products. Daniel Connors was an analytical chemist for the FDA, where he worked to maintain the safety of the nation’s food and medical supply, Veritas said in... Read more
Virginia lawmakers have sent Gov. Ralph Northam a proposal allowing people 21 and older to smoke hemp. The bill, sponsored by Republican Delegate Danny Marshall, passed both chambers of the Legislature on Monday. Growing and cultivating hemp is legal under federal law, and farmers in Marshall’s district have embraced... Read more
Green Growth Brands, an Ohio-based cannabis retailer that owns both marijuana dispensaries and the nation’s largest chain of CBD retail locations in mall kiosks, reported $21.2 million in revenue for the fourth quarter of 2019, up more than 600% from the same period in 2018. The company also announced... Read more
Ellen Deutsch (This is an abridged version of a feature that appears in the February issue of Marijuana Business Magazine.) Vertically integrated cannabis producer Stem Holdings is dedicated to organic production and high–quality standards – attributes the company plans to apply to its new ventures in the hemp industry. Ellen Deutsch, Stem Holdings’ executive vice president... Read more
A Wisconsin-based hemp grower is suing an Illinois farm it hired to dry 84,000 pounds of the crop, only to have most of the product burn during the drying process, a federal lawsuit alleges. Oconomowoc-based Lake County Growers said it hired Winslow, Illinois-based Moest Holdings in October to dry... Read more
Two companies that provide data and analytics to the hemp industry — New Leaf Data Services and PanXchange — are in a trademark dispute over the phrase “hemp benchmarks.” New Leaf sued PanXchange earlier this month in federal court in Connecticut, claiming trademark infringement of its “Hemp Benchmarks” service. PanXchange,... Read more
Oral hygiene giant Colgate Palmolive is joining the ranks of major U.S. companies entering the hemp and CBD space, with one of its soon-to-be brands launching a line of cannabidiol-containing toothpastes, mouthwashes and lip balms. Hello Products, an oral care brand based in New Jersey, launched its seven-product CBD... Read more
Washington state and Wyoming are the latest states to get approval from the U.S. Department of Agriculture to run their own hemp oversight. The USDA also approved three American Indian Tribes: The 2018 Farm Bill said that states and tribes could run their own hemp oversight – but only with... Read more
Agriculture officials in Louisiana have begun issuing the first hemp production and handling licenses to farmers, processors and transporters, while businesses ranging from gas stations to pharmacies have received the go-ahead they need to sell products containing CBD in the state. As one of the first three states to... Read more
Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis,... Read more
