Hemp companies in Georgia and South Carolina have announced a joint venture to produce smokable hemp and tobacco substitutes for some 46,000 convenience stores. Verde Leaf, based in Atlanta, is partnering with The Alpine Hemp Group, based in Charleston, South Carolina. The joint venture, called Verde Alpine Venture Group, plans to place smokable hemp cigarettes and other hemp […]
Shawn Hauser (Editor’s note: Shawn Hauser, an attorney who leads the Hemp and Cannabinoids Department at Vicente Sederberg law firm in Denver, is writing the first in an occasional series of commentaries from professionals connected to the hemp industry.) It’s been a tough start for the new U.S. hemp industry. After overcoming decades of prohibition […]
California-based Omura, a marijuana and hemp flower vaporizer company, raised $5 million, with a portion of the funding coming from Bruce Linton, former CEO and founder of Canada’s Canopy Growth Corp. The raise, while not major by cannabis industry standards, is significant during the global coronavirus pandemic when investments are more difficult to secure. Linton, […]
Federal class action securities lawsuits against publicly traded hemp and marijuana businesses doubled from 2018 to 2019, a trend that’s typical in an emerging industry, according to a new report. The report, by Boston law firm Goodwin Procter, detailed 13 cases filed in U.S. federal courts in 2019 compared with six in 2018. The cases […]
The UK market for cannabidiol products has piqued the interest of hemp cultivators and manufacturers based on its current demand and future prospects. Nearly one in 10 adults surveyed in the UK have tried CBD, and more than a quarter of those who have never used CBD products said they would consider it, according to […]
The U.S. Food and Drug Administration warned two companies to stop illegally marketing CBD products with claims that it can treat opioid addiction and other medical conditions. The warning letters were sent Thursday to: BIOTA Biosciences, LLC, of Washington state Homero Corp., doing business as Nature’s CBD Oil Distribution of New Hampshire “CBD has not been shown […]
Fresh funds approved last week by Congress will replenish the Small Business Administration’s Payment Protection Program with another $310 billion, plus $60 billion for emergency loans on Monday. But there is doubt that even this newest round of stimulus funding to help small businesses through the disruption caused by the coronavirus will be enough, as […]
Hemp companies that are publicly traded and received emergency small-business loans may have to repay those funds under new guidance from the U.S. Treasury Department. When the first round of economic stimulus funding under the CARES Act ran dry last week, publicly traded companies that received loans began to draw scrutiny from small businesses and […]
Farmers and hemp businesses are eligible for another round of emergency loans with the enactment Friday of another round of federal funding aimed at keeping small businesses afloat. The latest stimulus package, worth some $484 billion and signed by President Donald Trump, is aimed at replenishing a depleted fund to help small businesses avoid layoffs […]
Australia has published a framework for new CBD regulations as it considers relaxing its narcotics scheduling of cannabidiol to make it available over the counter in limited doses. The Health Department proposal, revealed on Friday, could open a large new market in a nation with a thriving gray market for CBD but no legal access without […]
