An agriculture biotech company that markets high-fiber wheat said it is expanding its hemp subsidiary with a $10 million stock offering. Arcadia Biosciences of Davis, California, plans to use the money to research hemp genetics in Imperial County, California, according to a news release. The company’s hemp subsidiary, Arcadia Specialty Genomics, is scheduled to start planting […]
National shipments of hemp and its byproducts will march on, even if some businesses take extra care in the wake of a surprising court ruling delaying the return of roughly 7,000 pounds of hemp in police custody in Idaho, industry members and attorneys say. The 9th Circuit Court of Appeals declined to order Idaho to […]
Canadian marijuana giant Aurora Cannabis has sold its remaining stake in a Toronto company that has a hemp subsidiary in Poland. Aurora sold its shares in The Green Organic Dutchman (TGOD) for 86.5 million Canadian dollars ($64.9 million). Though the move means Aurora has divested itself of a TGOD subsidiary that makes CBD products, HemPoland, […]
A federal appeals court ruled against a Colorado hemp company trying to force Idaho authorities to release hemp seized in a January traffic stop. Big Sky Scientific of Aurora, Colorado, asked the 9th Circuit Court of Appeals to overrule an Idaho court that wouldn’t return roughly 7,000 pounds of hemp biomass seized by police in Ada County, […]
(Editor’s note: This is part of an occasional series on California’s hemp industry. To read the previous installment, click here.) California’s long-awaited legislation to legalize hemp-derived CBD in foods, beverages and cosmetics has been put on hold, rendering it dead on arrival for this legislative session. The Senate Appropriations Committee last week put the bill in “Suspense,” […]
A rural Oregon hemp-extraction company is warning of 90 layoffs because of a permit delay. Evergreen State Holdings sent notice about the potential layoffs to Oregon authorities last week, the Portland Business Journal reported. Located about two hours east of Portland, the company said it received a stop-work order from the Oregon Building Codes Division […]
(Editor’s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) Mainstream retailers from grocery stores to pharmacies and even clothing merchandisers are clamoring to stock hemp and CBD products. Even as the industry waits for federal clarification on making and using of extracts […]
(Editor’s note: This is the second in a series of Q&As with hemp industry speakers who will appear at MJBizConINT’L, Sept. 4-6, in Toronto. To read the previous Q&A in this series, click here.) Industrial hemp is big business – and it’s only going to get bigger as investors around the world begin to pile money into […]
Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch. Terms of the acquisition were not made public. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser. Mary’s Brands include: Mary’s Medicinals, […]
A Colorado hemp extraction company seeking the return of roughly 7,000 pounds of hemp biomass after it was seized in Idaho asked a federal court to override the state and affirm that hemp transportation is legal. But Idaho lawyers say the Colorado company – Big Sky Scientific of Aurora – “jumped the gun” when it shipped hemp […]
