Less than three weeks after the U.S. passed a $2.2 trillion stimulus bill to help individuals and businesses through the economic disruption caused by the coronavirus pandemic, the government has reportedly out of funds for small businesses. The Coronavirus Aid, Relief and Economic Security (CARES) Act, which included $349 billion for small business Economic Injury […]
Canopy Growth, a global cannabis giant that muscled its way into the U.S. hemp market, has announced that it is shutting down its hemp-growing operation in New York state, citing a glut of hemp from last year. The Canada-based company will cease farming operations in Springfield, New York, but will continue using its hemp supply […]
Denver-based Molson Coors Beverage Co. is partnering with a Canadian marijuana company to sell non-alcoholic hemp-derived CBD drinks, the companies announced Tuesday. Molson Coors and HEXO Corp. said the joint venture, called Truss CBD USA, will be established in Colorado and will be a standalone entity with its own board. It will be majority owned […]
(This is the fourth part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. Part Three compared hemp salaires with those in traditional commodity agriculture. Coming tomorrow, a look at future labor […]
An Iowa ingredients manufacturer has partnered with Brazilian medical cannabis company to launch several hemp-derived medical cannabis products under the brand name CBD CALM in Brazil. Kemin Industries of Des Moines will act as the lead consultant for medical marijuana producer MedPharm Iowa, struck a deal in March with Brazilian distributor CBD Vida to deliver cannabinoid-containing products […]
NORML encourages those who wish to express their support for marijuana policy reform this 4/20 to engage in the many online/virtual celebrations taking place throughout the day.
A U.S. appeals court has upheld a $4 million judgment in favor of an El-Salvador based CBD oil supplier that accused its Florida distributors of breach of contract. The decision Tuesday from the 11th Circuit Court of Appeals affirmed a decision from an arbitration panel the ruled in favor of Cromogen Biotechnology Corporation an all issues […]
(This is the third part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Using exclusive data compiled by the data team at Hemp Industry Daily, we’re examining the latest hiring and compensation trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. […]
A coalition of hemp trade associations wants assurance that farmers – and particularly hemp farmers – will be eligible for key assistance programs under to help with business disruption caused by the coronavirus pandemic. Eight hemp organizations sent a joint letter to Small Business Administration Administrator Jovita Carranza on behalf of the 17,000 licensed hemp farmers […]
An Ohio state agency focused on conflict management has ruled on which businesses in the state are essential during the coronavirus pandemic – and retailers selling CBD are reportedly not among them. The Ohio Commission on Dispute Resolution, part of the state Supreme Court, has decided that businesses selling CBD products are not essential, although […]
