The median acreage planted by U.S. hemp operations decreased between 2018 and 2019 while the average size increased – a trend driven by both the risks and opportunities associated with hemp production. According to the 2019 Hemp & CBD Industry Factbook, the number of small-scale growers operating in the hemp space surged between 2018 and […]
Louisiana could see up to 80,000 acres growing hemp in 2020, up from zero this year, the state’s top agriculture chief says. But the growth, he says, relies on the U.S. Department of Agriculture (USDA) finishing work on new rules for production. Louisiana Agriculture Commissioner Mike Strain briefed state lawmakers Wednesday about hemp prospects there. […]
Ohio-based Green Growth Brands lost $64 million last fiscal year, but says it has a clear path to profitability as it enters the holiday shopping season with a nationwide network of CBD retailers in conventional shopping malls. The company attributed its losses to higher-than expected spending on building out a chain of Seventh Sense CBD […]
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The governor of Maine is joining hemp producers in pushing for federal agriculture authorities to release 2020 production rules. Gov. Janet Mills wrote to the U.S Department of Agriculture (USDA) this week, saying that federal inaction on hemp is leaving states “unfairly restricted” in the new industry. Hemp businesses, she said, are “receiving notices of […]
Cassandra Farrington co-founded Marijuana Business Daily in 2011. (Photo by Soliman Productions) Cassandra Farrington, the co-founder of Marijuana Business Daily, is stepping aside as CEO of the pioneering cannabis publishing and trade show business at the end of the year and will be replaced by the company’s founding editor and president, Chris Walsh. Farrington, who has […]
Beer giant Molson Coors has set a December date to roll out a line of CBD-infused beverages in Canada with partner Hexo Corp. The portfolio of drinks hitting shelves in Canada will be called Flow Glow and start with two flavors with 10 milligrams each of CBD: Goji+Grapefruit Raspberry+Lemon The companies also plan to roll […]
A hemp processor based in central Indiana plans to build a $50 million facility in Westfield, bringing 100 new jobs to the area. BDX-Indiana, a CBD extraction company, operates a 63,000-square-foot facility in Indianapolis. The first phase of construction of the facility, which received a city tax abatement last month, will begin in December. The […]
A California CBD manufacturer challenging the hemp policies of the U.S. Customs and Border Protection agency says hemp seizures are still taking place despite nationwide legalization and a federal judge’s assurance that border seizures of legal hemp are a thing of the past. Innovative Nutraceuticals is trying to keep alive its claims against the federal government […]
Two federal agencies sent a joint warning letter to a Florida company for selling CBD products online while making unsubstantiated medical claims. The U.S. Federal Trade Commission (FTC) and U.S. Food and Drug Administration (FDA) warned Naples, Florida-based Rooted Apothecary on Oct. 10 that, by making claims that its CBD products can treat medical conditions […]
