As hemp production grows at lightning speed, farmers are finding that the difference between success and failure in the cutthroat market happens before the first leaves emerge. Selling a hemp crop for the right price is dependent on starting with the right genetics and environment for growing. But in... Read more
The staff of Hemp Industry Daily is attending the World Ag Expo in Tulare, California. We asked members of the hemp industry: How will farmers cope with the USDA’s hemp rules in 2020? (Click on the orange arrows to advance the slideshow.) “I don’t think I want to take the... Read more
Rhode Island CBD manufacturer Abacus Health Products acquired Utah’s Harmony Health brand of topical CBD products in a cash-and-stock deal worth $5.5 million. The acquisition flexes Abacus’ retail footprint to roughly 12,000 locations nationwide. Harmony Health brands, which will continue selling under the Harmony Health name, include lotions, pain relief gels... Read more
Hemp and CBD would get new attention by federal agencies under a 2021 budget plan released this week by President Donald Trump. Trump’s proposal asks for an additional $5 million next fiscal year for the U.S. Food and Drug Administration (FDA) to regulate cannabis and its derivatives, including CBD.... Read more
California instituted a 10-year ban on drug felons growing hemp, a move state authorities say is required by the federal law that legalized the crop. The ban, issued by California’s Department of Food and Agriculture, makes people convicted of drug felonies ineligible to receive state hemp-cultivation licenses for a decade.... Read more
(This is an abridged version of a column that appears in the February issue of Marijuana Business Magazine.) One of the most important uses of data in any industry is giving companies a realistic picture of supply and demand. When data began to reveal white-hot consumer demand for CBD products in 2019, mainstream retailers from nutrition to... Read more
The South Dakota House voted Tuesday to legalize and regulate the growth, processing and transportation of industrial hemp in the state. Legislators didn’t even debate the bill and it passed with a two-thirds majority. It will next be considered by the Senate. If that body also passes the legislation... Read more
California’s flagship agriculture school has tapped a schizophrenia researcher and a plant expert to lead its new center to study marijuana and hemp. The University of California, Davis, named professors Cameron Carter and Li Tian as co-directors of its Cannabis & Hemp Research Center. Created last year, the research center... Read more
Federal agriculture officials have introduced two crop insurance programs for hemp, both designed to protect farmers growing the new commodity from damage during natural disasters. But the programs have tight deadlines and limitations on who is eligible. The U.S. Department of Agriculture’s newly available Multi-Peril Crop Insurance and Noninsured... Read more
Hemp farmers are about to get some help protecting their crop from natural disasters, but any hope that the proposed federal production rules will change in time for the 2020 growing season should be put aside for now, officials say. Top officials from the U.S. Department of Agriculture have... Read more
