FTC announces first monetary sanctions for CBD medical claims, says to expect more

The U.S. Federal Trade Commission announced its first crackdown on deceptive claims in the CBD market Thursday, issuing fines and sanctions to six manufacturers accused of misleading consumers about the health benefits of the cannabis extract. FTC announces first monetary sanctions for CBD medical claims, says to expect more is a post from: Marijuana Business […]

Hemp at 1% THC wins new Senate proposal

A bill to triple the THC limit for hemp grown in the United States has been introduced by Kentucky Sen. Rand Paul. The Republican’s proposal to raise the THC dividing line between hemp and marijuana from 0.3% THC to 1% THC stands little chance of success in the abbreviated lame-duck Congress. But the suggestion reflects […]

Hemp pricing data now available on Chicago Mercantile Exchange

Hemp is another step closer to being recognized as a mainstream agricultural commodity with new pricing data being added to the Chicago Mercantile Exchange. The CME Group, a diverse derivatives marketplace that enables clients to trade futures, options, cash and over-the-counter markets including agricultural products, energy and metals, announced Tuesday that customers can access hemp […]

They raised $150 million to invest in hemp companies. But they couldn’t find the right partners, forcing a pivot.

Hemp businesses won’t benefit directly from the $150 million raised by a special-purpose acquisition company that was initially established in hopes of investing in and further developing the U.S. hemp market. But a deal was made in the spirit of aligning the industry with large manufacturers in the future, according to Geoff Whaling, president of […]

Despite falling 2020 hemp acreage, Wisconsin farmers remain interested in crop’s potential

Wisconsin’s humidity and long winters make it a tough place to cultivate hemp, but the state’s recent history shows the plant can still grow in abundance. Decades of cannabis prohibition, however, means farmers are having to relearn how to grow the crop and which cultivars are best suited for Wisconsin’s climate. This was the state’s […]

Smokable hemp regulations likely won’t come before FDA’s broader CBD rules, attorneys say

Catch up on all the hemp analysis from the Hemp Industry Daily Forum at MJBizCon2020 here. Hemp flower growers and smokable hemp manufacturers impacted by state laws that have banned or restricted smokable hemp flower production and sales are worried that federal regulators could echo state-level restrictions on a national scale. But according to cannabis […]

Brazil postpones evaluation of CBD formulation for medical coverage

A version of this story originally appeared at Marijuana Business Daily International. A government evaluation to include a CBD product in Brazil’s Public Health System has been postponed. Brazil’s National Committee for Health Technology Incorporation had been scheduled to take up the question of covering the oral CBD product this week. Instead, the evaluation will […]

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