A reshuffling at the Hemp Industries Association has Colorado hemp activist Rick Trojan as the group’s new president. The business advocacy organization also named Mike Lewis, a hemp farmer and educator in Lexington, Kentucky, as the group’s new vice president. Trojan replaces former president Joy Beckerman, who left the position last month. HIA said Wednesday […]
Farmers in Iceland will be allowed to import industrial hemp seeds for the first time this year after the health minister gave regulators the power to grant exceptions to the Nordic island’s total ban on cannabis and cannabis products. Health Minister Svandís Svavarsdóttir brought forth an amendment that authorizes the Icelandic Medicines Agency (IMA) to […]
Ten members of the Senate, led by Senators Jacky Rosen (D-NV) and Ron Wyden (D-OR), and 34 members of the House, led by Representatives Earl Blumenauer (D-OR) and Tom McClintock (R-CA), have recently issued letters requesting Small Business Administration funding programs be expanded so that they may be accessed by state-licensed cannabis businesses.
Another Kentucky hemp company is filing for federal bankrupticy protection, this time Elemental Pricessing in Lexington. The toll processor noted debts of some $56.7 million in its Chapter 11 filing on Monday. The debts include $100,000 in unpaid rent for its Lexington facility. Elemental Processing listed assets between $1 million and $10 million. The company […]
Even before the coronavirus pandemic, CBD and herbal product manufacturers were getting in trouble with the U.S. Food and Drug Administration for making unsubstantiated claims about their products. But the coronavirus has ushered in more dubious claims – and more warning letters from the FDA directing companies to immediately stop. The letters have hit businesses across […]
A California company that sells coffee to cruise lines and grocery stores says two of its subsidiaries have entered into an agreement with Nicaraguan cooperative to buy a farm for a hemp grow and processing facility. Youngevity International of Chula Vista announced Tuesday that CLR Roasters LLC and Khrysos Industries, Inc., its two subsidiaries, have […]
The U.S. Food and Drug Administration has issued a warning letter to a CBD manufacturer based in the UK for making claims that its products could prevent or treat coronavirus infections. The letter was sent to London-based Nova Botanix LTD, which sells CBD products under the brand CanaBD, on Thursday. It was the latest in […]
A key industry group for farmers and processors in Europe wants EU policymakers to see industrial hemp as a potential catalyst for regenerating rural areas following the coronavirus economic downturn. In a manifesto released on Tuesday, the European Industrial Hemp Association said the crop could deliver long-term sustainable growth and create jobs across EU rural economies […]
Consumers are buying more CBD in response to the coronavirus pandemic. How should your company adjust to meet demand? Thursday webinar: Data expert offers ‘COVID-19’s Consumer Insights’ and advice on CBD sales strategy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Hemp farmers in Illinois were able to harvest 73% of their 2019 crop, despite swings in the weather that made farming not so favorable in the inaugural year of legal hemp production. According to a report released earlier this month by the Illinois Department of Agriculture (IDOA), Illinois farmers produced nearly 2.3 million pounds of […]
