New York prosecutors have dropped criminal charges against a CBD retailer who tried to pick up a shipment of hemp biomass from Vermont. But authorities have not yet returned the hemp to Green Angel CBD. Ronen Levy was facing marijuana charges by the Brooklyn District Attorney’s Office over Green Angel’s November shipment of 106 pounds of hemp […]
Have a sales plan. Consider hemp markets beyond the flower. And get ready for a bumpy ride. Those were among the many business takeaways from the 2019 Hemp Industry Daily Forum on Tuesday at the Las Vegas Convention Center during MJBizCon Week. The forum drew more than 500 entrepreneurs from all sectors of the hemp supply […]
U.S. hemp sales might exceed $25 million in 2020 and surpass $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA). These estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp & CBD Businesses.” The free report, released […]
New York Gov. Andrew Cuomo signed a bill into law Monday that sets up a regulatory framework for the production and sale of hemp and hemp extracts in the state. According to a statement from the governor’s office, the new law also requires hemp businesses to test and properly label products to safeguard consumers. The […]
Many farmers sold hemp biomass for under the set floor price of $1 per CBD point during the International Hemp Auction and Market in Franklin, Tennessee, in late November. (Photo courtesy of Casey Flippo) Optimism around a three-day hemp auction in Tennessee turned to disappointment when producers found way more sellers than buyers, driving prices […]
An Iowa CBD retailer was arrested after allegedly selling products containing cannabidiol to police. Lacie Navin, the owner of Your CBD Store, in Ankeny, Iowa, was arrested as part of a task force investigation into businesses selling CBD in the area after multiple complaints. According to police, this is the first arrest in the state […]
The CBD marketplace grows more crowded by the day, with manufacturers struggling to gain market share in a sea of CBD products all claiming to be the most effective. That makes branding and marketing essential for even a savvy cannabis entrepreneur hoping to gain traction in a confusing and congested market, where every product starts […]
Local authorities acted correctly by not allowing sales of CBD products that don’t have a “novel food” authorization, a German court decided, confirming an earlier ruling. The “novel food” classification is given by the European Union to products that have not been significantly consumed before 1997. The Gießen Administrative Court (VG Gießen) said it decided […]
A CBD retailer is worried his store could go out of business after the New York Police Department intercepted its most recent shipment of hemp, thinking it was marijuana, and arrested his brother on drug charges. Oren Levy, the owner of Green Angel CBD in Brooklyn, told Hemp Industry Daily the hemp shipment hasn’t been returned […]
A hemp manufacturing business in Southern New Mexico will get a boost from the state’s Economic Development Department. The agency said it has pledged to invest $400,000 in 420 Valley as part of a continued effort by Gov. Michelle Lujan Grisham’s administration to grow the burgeoning industry. 420 Valley plans to move into a vacant […]
