A Kentucky company planning to develop hemp-derived wood products has begun production even as it appeals a 25% tariff on some equipment from China. Fibonacci opened its $5.8 million facility in Murray, Kentucky, this week. The company, which plans to employ 25 people making hemp-based wood products such as flooring and furniture components, is appealing a tariff […]
The deadline for submitting nominations for Marijuana Business Daily’s inaugural MJBizDaily Awards is Saturday. The awards, which will be held during MJBizCon Week (Dec. 7-13) in Las Vegas, will recognize the top companies, individuals and organizations participating in the global cannabis industry. The MJBizDaily editorial staff will choose the winners in the awards categories that cover different […]
Federal crop insurance is finally coming to some hemp farmers as the U.S. Department of Agriculture (USDA) takes more steps toward adopting new rules for hemp production. Industrial hemp farmers producing hemp for fiber, flower or seeds will be eligible for crop insurance coverage under the Whole-Farm Revenue Protection (WFRP) program for the 2020 crop […]
Kristen Nichols is the editor of Hemp Industry Daily. (This is an abridged version of a column that appears in the August issue of Marijuana Business Magazine.) Smokable hemp has taken hold with consumers. The unlikely trend has given hemp producers new market opportunities – and a new set of legal headaches. It seems that consumers […]
More than 50% of Hawaii’s 2019 hemp crop was destroyed because of elevated THC levels, a problem that state agriculture officials attribute to a lack of cultivars suited to a tropical climate. Eighteen crops were destroyed and another four hemp crops exceeded THC limits but were granted waivers because the THC was close to the […]
Matthew Whitaker Toronto-based CBD company Alternate Health has retained former acting U.S. Attorney General Matthew Whitaker and his Kansas City, Missouri, law firm, Graves Garrett, to act as outside counsel. Whitaker was a controversial figure during his short term running the U.S. Department of Justice under President Donald Trump. Whitaker served as acting attorney general […]
More than six months after hemp was made legal in the United States, federal drug authorities have updated their guidance to remind law enforcement that hemp is no longer a controlled substance. A notice posted Monday by the U.S. Drug Enforcement Administration (DEA) cited the 2018 Farm Bill in noting that “certain forms of cannabis […]
Wendy Mosher To maintain growth, the booming U.S. hemp industry needs a reliable supply of steady, stable seed genetics. Professional and academic plant breeders are rushing to fill the market demand, but it might take at least another five years to develop those genetics, according to longtime breeders. That’s because it takes time to breed, […]
A Minnesota hemp industry group is warning manufacturers not to order hemp biomass from other states in the wake of a South Dakota drug arrest of a deliveryman bringing plants from Colorado to Minnesota for extraction. The Minnesota warning comes as a federal appeals court prepares to hear arguments next week over hemp transportation. “The ability […]
A Columbus, Ohio-based cannabis retailer with distribution of CBD products at big-box retail stores and malls across America has completed its initial equity raise through a bought deal offering for $50.2 million. Green Growth Brands says in a company statement that the raise is intended to fuel expansion. The company says it will combine the […]
