The U.S. triathlon team has signed a deal with Colorado CBD company Pure Spectrum in a first move toward cannabis use by an Olympic team. The deal was made after the team determined that Pure Spectrum uses industrial hemp to manufacture its products and adheres to “strict third-party testing protocols,” deeming the company’s products safe for […]
The hemp industry continues to look for federal guidance on production for 2020. It’s been over a month since Hemp Industry Daily first reported that the U.S. Department of Agriculture (USDA) had completed its draft of the federal hemp production rules and submitted it to the White House Office of Budget and Management, which reviews all […]
Farmers across the nation who produced hemp this year are using any means necessary to sell crops that are either still waiting in their fields to be harvested or drying postharvest. From posting hemp for sale on LinkedIn to working with brokers, farmers this season are looking for strategies to profit from hemp even if […]
North Carolina is giving a hemp processor $100,000 to set up a new facility. Carolina Botanicals, a commercial processor of hemp biomass, will invest $3.46 million in its new processing plant in Tabor City, in southeastern North Carolina. The plant is projected to create 30 jobs. The $100,000 grant comes from the One North Carolina […]
Retail sales of CBD in the U.S. are expected to surpass $1 billion in 2019 – a 133% increase over 2018 sales – and may eclipse $10 billion by 2024, according to projections from the newly released 2019 Hemp & CBD Industry Factbook. The recent surge of consumer demand for CBD, coupled with increasingly easy […]
California Gov. Gavin Newsom signed a bill to bring the state’s hemp laws into compliance with the 2018 Farm Bill. The measure, which was signed Saturday and will take effect Jan. 1, updates the state’s definition of industrial hemp and terminology to match the federal language. It also requires the California Department of Food and Agriculture […]
(This is part of an occasional series of regional reports looking at the 2019 hemp production season. To read the previous installment about the Mid-Atlantic region, click here.) Hemp producers in the South faced a dry, warm growing season, along with high disease and pest pressure. Most farmers growing hemp for CBD production and smokable flower […]
Michigan State University is looking to the hemp industry to provide guidance on research and outreach needs. MSU researchers are asking growers who are currently producing or plan to produce hemp for biomass, fiber, grain or CBD to participate in an industrial hemp survey. The survey asks growers to prioritize areas where they could use […]
The Cosmo Cultivator of the Year. Regional Game Changer. Community Impact. These are just some of the categories for which the editorial team of Marijuana Business Daily vetted more than 670 entries for the inaugural MJBizDaily Awards. With the list of nominees having been culled to 55 finalists, a panel of cannabis industry professionals is […]
A Canadian wellness company has entered into an equity partnership with an American consumer-media company to promote its hemp-derived CBD products in the United States. Neptune Wellness Solutions, based in Laval, Quebec, developed the deal with New York City-based American Media, a privately held publisher of consumer magazines such as Men’s Journal and Us Weekly. The media […]
