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 will become the state’s third-largest crop, […]
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, have joined forces with Geoff Whaling, president […]
Two Canadian companies that formed a joint venture to sell hemp and marijuana have settled a legal dispute over who 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 Pure Sunfarms Corp., the venture they […]
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, announced the deal Tuesday with Bedrock Group Holdings, a private equity firm with offices in London, […]
An Ohio-based cannabis retailer that owns the nation’s largest chain of CBD retail kiosks in malls is selling most of that business to focus on running marijuana dispensaries instead. Green Growth Brands’ announcement last week caps a tumultuous year for the company, which laid off 50 workers in September from its Columbus headquarters. GGB also […]
Minnesota regulators are calling for a one-stop office that would oversee all aspects of hemp and medical marijuana – as as a potential adult-use MJ market. The office also would oversee the state’s fast-growing CBD market. A central office, among other things, would help the state deal with unregulated and mislabeled products, according to the Minneapolis […]
Welcome to the latest edition of NORML’s Weekly Legislative Roundup!
Canada’s public health agency is putting together its committee to study the potential health benefits of products containing cannabis. Health Canada announced Thursday that it will begin taking nominations for a panel of experts who “will provide independent scientific and clinical advice to support the Department’s consideration of appropriate safety, efficacy, and quality standards for […]
Dozens of employees have been laid off from an Oregon-based CBD company that launched less than five months ago, according to a newspaper report. Between 30 and 40 workers lost their jobs at Sentia Wellness, according to Oregonian sources. The company did not release an exact number. Located in Portland, Sentia Wellness had 150 employees and […]
Kristen Nichols is the editor of Hemp Industry Daily. (This is an abridged version of a column that appears in the February issue of Marijuana Business Magazine.) Sometimes the most basic advice is the hardest to follow. Floss every day! Save more for retirement! The list goes on. … Politicians are no different. And neither, it seems, is […]
