Mississippi directs hemp growers to apply for USDA program, passing on state program

One of the last hemp holdout states, Mississippi, is directing farmers interested in growing the crop to apply for an individual producer license through the U.S. Department of Agriculture. The state passed the Mississippi Hemp Cultivation Act into law late last month, legalizing hemp cultivation and directing the Commissioner of Agriculture and Commerce to create […]

Overheard at HIDC: 10 reasons hemp entrepreneurs can still be optimistic about the industry

Hemp isn’t a bust, despite the industry’s growing pains and all the headlines in the mainstream media that suggest otherwise. That’s the message Kristen Nichols, the editor of Hemp Industry Daily, had for entrepreneurs at the Hemp Industry Daily Conference Direct. “Everyone expected this industry to mature very quickly, but we saw a lot of […]

HIA names executive director, partners with industrial hemp group on marketing checkoff effort

The Hemp Industries Association has named former marijuana activist Jody McGinness as its new executive director. After a months-long search with nearly 100 qualified candidates, the national hemp association selected McGinness, a veteran association executive in the non-profit sector. McGinness last served as the head of fundraising for the Marijuana Policy Project, which advocates for  […]

‘Cash is king’ for expansion opportunities and Covid cushion: Q&A with Charlotte’s Web CEO Deanie Elsner

Corporate leaders in the CBD industry are increasingly coming from the consumer packaged goods universe, lending their experience and asking the hard questions to whip the nascent hemp industry into shape and navigate the enormous growth that entrepreneurs foresee in the market. Deanie Elsner joined Charlotte’s Web as CEO last year, bringing with her more […]

Overheard at HIDC: Collaborate to strike distribution deals for smokable hemp and other hemp-derived products

“Pigs get fat, hogs get slaughtered” – and that’s a good way to think about seeking out large distribution deals for smokable hemp products, according to Jackson Garth, CEO of Verde Leaf Group, an Atlanta-based vertically integrated hemp operator. Garth told entrepreneurs at the Hemp Industry Daily Conference Direct what he meant by that idiom […]

FinCEN reminds banks to treat hemp businesses equally to any other business

Officials from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued guidance Monday to address banks’ questions about servicing hemp-related business customers. The guidance reminds banks that filing Suspicious Activity Reports (SARs) is not necessary when working with hemp businesses because hemp is federally legal and no longer listed as a controlled substance. FinCEN […]

Credit unions get new guidance on working with hemp businesses

Officials from the National Credit Union Administration have outlined additional information on serving legal hemp businesses. A letter issued this week points out that hemp-related businesses have also been affected by the COVID-19 pandemic and that it is “important that credit unions stay current with the federal, state and Native American tribal laws and regulations […]

Multi-state hemp and CBD producer Entoura buys Atalo Holdings’ assets

Hemp producer Entoura, a privately held, vertically integrated hemp company, has acquired the assets of Atalo Holdings, a hemp producer and CBD manufacturer located in Winchester, Kentucky. Headquartered in New York City, Entoura has facilities in Kentucky, New York, South Carolina, Tennessee and Nevada focused on an institutional-scale supply chain pipeline for hemp and CBD […]

Texas hemp extractor acquires CBD skin care and wellness company

Houston-based hemp processor and extractor Bayou City Hemp has purchased a retail company that makes hemp-derived CBD skin care, cosmetics and wellness products. Bayou City Hemp, which applied for a Texas license in March and was busy setting up operations in Houston this spring, announced that the completed acquisition of Dallas-based LeafLife Wellness is part […]

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