House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

Included in the language of the bill is 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. Members of the House of Representatives voted 321 to 103 in favor of the Act in September. Reform advocates, including NORML, had lobbied leadership to include banking reform in the latest COVID relief measure.

California coffee company begins work on Nicaraguan hemp grow facility

A California coffee company says it has broken ground on a project to build a hemp grow and processing facility in Nicaragua as part of an agreement with a cooperative there. Youngevity International of Chula Vista announced the groundbreaking Tuesday, saying two of its U.S. subsidiaries, including one that sells CBD-infused coffee, and their Nicaraguan […]

California bill to regulate hemp extracts in food is delayed

(Editor’s note: This is part of a series on California’s hemp industry. To read the previous installment, click here.) A proposal to legalize hemp-derived extracts in food and beverages in California is on hold as lawmakers focus on coronavirus-related legislation to help the economy, but the bill’s sponsor says she’s bringing it back in August. Supporters […]

Massachusetts state hemp production plan earns USDA approval

As planting season approaches, Massachusetts’ proposed state hemp regulations have received federal approval from the U.S. Department of Agriculture. The state enacted laws governing marijuana and hemp production in 2017, allowing hemp to be grown legally under the 2014 pilot program with oversight by the Massachusetts Department of Agricultural Resources. In its new plan, the state […]

Coronavirus pandemic, absence of regulation cause CV Sciences to ‘right-size operations’ as first quarter sales suffer

In the midst of the coronavirus pandemic, CV Sciences, a hemp CBD manufacturer based in San Diego, reported revenue of $8.3 million for the first quarter ended March 31, down 45% from the same period a year ago. For the first three months of the 2020 fiscal year, sales were $8.2 million, down 45% from […]

A Founder Looks at 50: Keith Stroup on the Schafer Commission

As one reviews the modern history of marijuana policy in this country, beginning with the adoption of federal marijuana prohibition in 1937 (i.e., the Marijuana Tax Act) and continuing to where we are today with 33 states having legalized the medical use of marijuana and 11 states and the District of Columbia having legalized adult recreational use, perhaps the single most important step along the way was the report issued in 1972 by the National Commission on Marijuana and Drug Abuse.

A Founder Looks at 50: Keith Stroup on the Shafer Commission

As one reviews the modern history of marijuana policy in this country, beginning with the adoption of federal marijuana prohibition in 1937 (i.e., the Marijuana Tax Act) and continuing to where we are today with 33 states having legalized the medical use of marijuana and 11 states and the District of Columbia having legalized adult recreational use, perhaps the single most important step along the way was the report issued in 1972 by the National Commission on Marijuana and Drug Abuse.

What to do with last year’s hemp inventory is the ‘billion dollar question’ for growers, processors

If you’re a hemp farmer who is sitting on flower and biomass produced in 2019, you aren’t alone, says Casey Flippo, CEO of Little Rock, Arkansas-based hemp extraction firm Natvana LLC. Because the hemp market, which already had been seeing a shortage of processors and extraction facilities, is seeing more of these firms going offline […]

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