The CEO of a failed CBD company accused by investors of misspending funds and getting a bogus coronavirus-relief loan says the loan has been returned and that credit-card expenses challenged by disgruntled investors were for legitimate business purposes. Patrick Horsman, whose company Integrated CBD launched in Arizona but failed earlier this year, told Hemp Industry […]
The chance has arrived for hemp industry executives and investors to help put numbers behind the hype by participating in the annual Hemp Industry Daily survey. The survey helps the Colorado-based HID provide key market, financial and operational data for business and entrepreneurs. The anonymous survey can be taken here until Oct. 30. The survey […]
Time is running out for public comment on a proposed U.S. Drug Enforcement Administration rule that hemp industry supporters say wrongly criminalizes extracts from the plant. The comment period for the rule over the federal agency published August ends Tuesday. At issue is whether the DEA is simply updating its policies to comply with the 2018 Farm Bill, […]
Canadian health authorities say there’s strong demand for over-the-counter, low-THC cannabis such as CBD, and most people want to use it for pain and inflammation if the country were to establish a legal market. That’s the result of a recent Health Canada survey. The agency is considering new rules about the sale of CBD and […]
Pennsylvania-based Intrinsic Capital Partners says it raised $102 million in a fund that will invest in science and technology businesses focused on the legal hemp and marijuana industries. “We believe this is … a rare opportunity to invest in a space where there’s tremendous underlying demand, a strong industrywide growth profile and scarcity of capital,” […]
It is a good time to be alive if you are a marijuana smoker and it’s only going to get better!
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The board chairman of GenGanna Global, a Kentucky hemp and CBD company that went bankrupt, diverted more than $4 million in cash and benefits to his hemp company, according to a lawsuit. A lawsuit filed by OGGUSA Inc., GenCanna’s new name since the bulk of its assets were sold, alleges Michael Falcone also had GenCanna […]
Wisconsin agriculture officials say hemp cultivation in the state will continue under the 2014 Farm Bill pilot program after the federal government extended the legislation’s authority for another year. Thursday’s announcement clarifies confusion over what regulations the state needed to follow because Wisconsin submitted a cultivation plan under 2018 rules from the U.S. Department of […]
Researchers from seven universities and federal laboratories want to hear from hemp and cannabis growers throughout North America to help identify production issues, and research and outreach needs associated with producing specialty crops in soilless substrates. The researchers, recipients of a federal planning grant from the U.S. Department of Agriculture’s Specialty Crops Research Initiative, are […]
As the hemp industry matures, some business are starting to rely on blockchain technology to assure customers that the products they’re buying contain what’s advertised and information on where they originated. Track-and-trace systems are nothing new in states with medical or recreational marijuana that are required by law to demonstrate a products’ journey from seed […]
