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 […]
(Editor’s note: This is the first in a series of Q&As with hemp industry speakers who will appear at MJBizConINT’L, Sept. 4-6, in Toronto.) Hemp is a global industry and the passage of the 2018 Farm Bill put the United States on the map as a major player ready to compete, with the potential to impact […]
Federal pesticide regulators are reviewing products for use on hemp, a major step toward making the newly legal crop a national commodity. The U.S. Environmental Protection Agency (EPA) on Wednesday asked for public comment on 10 pesticide applications it has received. The EPA “is taking the next step toward registering crop-protection tools for hemp in time for […]
Washington state banned the commercial sale of food and beverages containing CBD, sticking closely to U.S. Food and Drug Administration (FDA) policy. The FDA currently stipulates that the cannabinoid cannot be an ingredient in the food supply, and the Washington State Department of Agriculture (WSDA) posted similar restrictions this month. “To be clear, CBD is not […]
This week, MJBizDaily’s Investor Intelligence introduces a new comp table that includes exclusive data on hemp and CBD companies. As an allocator of capital judging multiple opportunities for your marginal dollar, you must be able to: Identify the relevant investment opportunities. Assess the current size and value of public players. Determine the valuation multiple applied […]
North Carolina lawmakers are moving closer to banning smokable hemp starting next year. An agricultural bill that includes a ban on selling smokable hemp products in December 2020 advanced through a committee in the state House this week, The Charlotte Observer reports. The measure has already passed the North Carolina Senate and could be heard […]
Hemp businesses should have access to banking services, a top banking regulator reiterated this week amid ongoing complaints about banking and credit challenges in the newly legal industry. The National Credit Union Association (NCUA), an independent federal agency that oversees and insures banking deposits for more than 100 million U.S. account holders, released a statement Monday […]
