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 […]
The University of Texas at Arlington is partnering with a grow-light company to research different lighting effects on terpenes and other molecules in hemp. UTA’s Kevin Schug and the university’s Collaborative Laboratories for Environmental Analysis and Remediation is working with Curtis Mathes Grow Lights, Inc., the company announced Tuesday. Curtis Mathes Grow Lights is a […]
(This is an abridged version of a storythat appears in the May-June issue of Marijuana Business Magazine.) While still fairly small, East Fork Cultivars has become one of the most respected cannabis cultivators in the Pacific Northwest. The family-run business based in Takilma, Oregon, wants to increase its profile this year while capitalizing on national […]
The listing economy has job-seekers flooding into the marijuana and hemp sectors looking for work. Savvy operators already in the industry are shifting roles to stay employed and get an edge on the competition. The smartest pivot right now? Moving from cultivation to a sales role, according to industry executives who shared hiring trends at […]
CBD manufacturers in the U.S. have more to worry about than confusing regulations about how the extract can be legally made and sold. They’ve also got to keep an eye on the court dockets. That’s because plaintiffs’ attorneys are stepping in to challenge CBD companies in an absence of clear rules, according to Jonathan Havens, […]
Sia Simms The Hemp Industry Daily Conference Direct and MJBizConNEXT Direct kicked off today with a virtual keynote speech from Dia Simms, an award-winning entrepreneur and member of BRN Group, a New York-based cannabis tech company. Simms called on the cannabis industry to move in unison to overcome over a century of stigma, to think […]
The president of the Cannabinoid Industry Association is joining an Atlanta-based hemp company, Verde Leaf, to lead testing and product development for a new subsidiary making CBD products. Priscilla Agoncillo will be board chairwoman and president of Medadex Pharma, a new subsidiary of the privately-held hemp grower and processor. Agoncillo will remain president of CBDIA’s […]
(A version of this story originally appeared on Marijuana Business Daily.) Hemp and cannabis cultivators are turning to technology and automation to help achieve efficiencies, cut costs and keep workers safe during the coronavirus pandemic and the current economic downturn. Growers report technology and automation solutions include: Automated irrigation, fertigation and HVAC systems to limit […]
Meet the top dogs at Heroes of the Farm! Mr. Tony Chubbs Job Title: CEO, Boss, Farm Regulator, and Farm Mascot Job Responsibilities: Day-to-day activities include overseeing all farm staff, barking at every car that enters the property, running the show, and being an overall bada**. Mad Maxine Job Title: CEO in Training Job Responsibilities: […]
A version of this story appeared earlier on Marijuana Business Daily International. Australia has amended its narcotics law to put hemp exporters in a position to “come out firing” after the COVID-19 crisis eases, the country’s agriculture minister said. The change aims to facilitate trade and growth of export markets for low-THC hemp and medicinal […]
