President Donald Trump this week announced he would suspend all immigration into the U.S. during the coronavirus outbreak – but the ban makes a few exceptions to support the economy and agriculture. On Tuesday, President Trump said he would sign an executive order blocking permanent residency visas or greencards for 60 days. However, the still-unwritten […]
Farmers and hemp businesses could soon be able to apply for loans with a second round of federal funding aimed at keeping small businesses afloat through the coronavirus disruption. The U.S. Senate voted Tuesday to pass a $484 billion economic stimulus package after a deal was struck between Congress and the Trump administration. The House […]
CBD retailers aren’t essential businesses that can stay open despite closure orders in Texas. That’s the ruling from the Texas Department of Emergency Management, the agency that arbitrates which businesses are subject to the state’s stay-at-home order. CBD retailers were among the 3,000 or so businesses asking, to stay open, the San Antonio Express-News reports. The Texas […]
A reshuffling at the Hemp Industries Association has Colorado hemp activist Rick Trojan as the group’s new president. The business advocacy organization also named Mike Lewis, a hemp farmer and educator in Lexington, Kentucky, as the group’s new vice president. Trojan replaces former president Joy Beckerman, who left the position last month. HIA said Wednesday […]
Another Kentucky hemp company is filing for federal bankrupticy protection, this time Elemental Pricessing in Lexington. The toll processor noted debts of some $56.7 million in its Chapter 11 filing on Monday. The debts include $100,000 in unpaid rent for its Lexington facility. Elemental Processing listed assets between $1 million and $10 million. The company […]
Even before the coronavirus pandemic, CBD and herbal product manufacturers were getting in trouble with the U.S. Food and Drug Administration for making unsubstantiated claims about their products. But the coronavirus has ushered in more dubious claims – and more warning letters from the FDA directing companies to immediately stop. The letters have hit businesses across […]
A California company that sells coffee to cruise lines and grocery stores says two of its subsidiaries have entered into an agreement with Nicaraguan cooperative to buy a farm for a hemp grow and processing facility. Youngevity International of Chula Vista announced Tuesday that CLR Roasters LLC and Khrysos Industries, Inc., its two subsidiaries, have […]
Consumers are buying more CBD in response to the coronavirus pandemic. How should your company adjust to meet demand? Thursday webinar: Data expert offers ‘COVID-19’s Consumer Insights’ and advice on CBD sales strategy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Hemp farmers in Illinois were able to harvest 73% of their 2019 crop, despite swings in the weather that made farming not so favorable in the inaugural year of legal hemp production. According to a report released earlier this month by the Illinois Department of Agriculture (IDOA), Illinois farmers produced nearly 2.3 million pounds of […]
Use a small bank. Have all your paperwork in order. And apply for help even if you don’t know if you qualify. That’s the advice from Ross King, CEO of Kind Roots Botanicals, a toll processor in Wray, Colorado. King receieved a forgivable emergency loan from the U.S. Small Business Administration to keep his extraction […]
