(This story has been updated with details from Oregon.) Hemp farmers in the Western states are frantically harvesting their crops an early-season storm threatens cold temperatures and severe wind chill, potentially dumping as much as 50 inches of snow on their fields. Jamie Fitterer, the owner of Montana Hemp Co., said farmers in Bozeman and […]
The U.S. Drug Enforcement Administration is the latest agency being ordered to accommodate hemp legalization using a budget maneuver. Senate Majority Leader Mitch McConnell, R-Kentucky, announced Thursday he is championing a requirement that the DEA “identify or develop on-the-spot field testing technologies” to distinguish hemp from marijuana. The need for speedier cannabis tests has bedeviled […]
CBD rocketed to the best-selling herbal dietary supplement in natural sales channels last year, ousting turmeric as the No. 1 seller, according to a new report from the American Botanical Council. Sales of CBD products jumped 333% in 2018 in natural- and health-foods sales channels, notching $52.7 million in U.S. sales, the Texas-based industry group […]
House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]
Members of the House of Representatives voted 321 to 103 in favor of HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. Two-hundred and twenty-nine Democrats and 91 Republicans cast ‘yes’ votes in favor of the measure.
Hemp-derived construction components could help reduce greenhouse-gas emissions and should be promoted by the government, according to a new report from an English farmers association. The National Farming Union, a group of about 50,000 farmers in England and Wales, touted hemp construction in a plan detailing ways to get England’s and Wales’ farming industries to […]
A Toronto marijuana producer is making plans to grow hemp in China to make CBD and other hemp products. Pure Global Cannabis announced Tuesday it signed an agreement to grow roughly 17,000 acres of hemp in the Yunnan province. Pure Global Cannabis says it will operate its China hemp operation with another company, KMT-Hansa Corp. […]
The only federally approved CBD product in the U.S. has been OK’d by European authorities for use there. The European Commission granted marketing authorization to Epidyolex, the trade name in Europe for Epidiolex, GW Pharmaceuticals announced Monday. In June 2018, the U.S. Food and Drug Administration approved Epidiolex for the treatment of seizures associated with two rare kinds […]
The Arthritis Foundation became the first major patient advocacy group to issue CBD recommendations, telling some 50 million arthritis patients Tuesday what to look for when choosing CBD. The group did not recommend using CBD to treat arthritis symptoms, though it noted that people with arthritis show “significant use of and interest in CBD” for […]
World High Life will buy Love Hemp, which makes CBD topicals and edibles, for $11.23 million, the company announced Monday. Love Hemp products are distributed in convenience stores and drugstores. World High Life said the acquisition would give it “strong exposure to the significant and growing CBD market in the UK and Europe.” World High […]
