The first tobacco company to joing the hemp and marijuana industries has filed for bankruptcy protection. Pyxus International Inc., one of the world’s largest tobacco suppliers, was hard hit by declining tobacco consumption and coronavirus-sparked supply disruptions. The company also grows hemp in the U.S. and marijuana in Canada. Based in Morrisville, North Carolina, Pyxus […]
Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head of the European Industrial Hemp Association […]
The main hemp industry body in Europe has received a green light from its members to move forward with “unprecedented” studies on cannabidiol and THC as part of a joint novel food authorization application. An “overwhelming majority” of European Industrial Hemp Association members voted on Monday in favor of “the principles of the special contribution […]
A meeting is scheduled for next week to discuss World Health Organization recommendations on marijuana, CBD and related substances. The recommendations include removing CBD and CBD preparations containing no more than 0.2% THC from the international drug-control conventions. The WHO’s CBD recommendation, if ultimately adopted, could lead to freer international trade in the cannabinoid. The […]
A Laotian agriculture company is taking an Australian hemp grower to arbitration after it withdrew from a joint CBD hemp project when the COVID-19 pandemic forced the closure of borders around the world. Sun Agriculture Promotion Industry and Commercial Co. filed an arbitration claim for $6.1 million with the Centre of Economic Dispute Resolution in […]
(This is the second installment of a two-part story on the prospects for hemp-derived construction materials in the post-coronavirus era. The first part can be read here.) HempFlax’s acquisition of Germany’s natural fiber insulation manufacturer Thermo Natur last month provided an example of how an established hemp growing and processing operation can further diversify its […]
A South Carolina energy company is donating money to a group of college students working on building an eco-friendly 500-square-foot house made party of hempcrete. The donation from Duke Energy is part of grants worth a total of $240,000 to five state organizations focused on “engineering initiatives that will help grow the energy industry’s workforce […]
State agriculture officials in Michigan are seeing more interest in hemp production this year, despite more than half of growers failing to find a market for their 2019 crops and many reporting crop failures and heavy pest and weed pressure. Authorities tell Hemp Industry Daily that the state has licensed 13,225 outdoor acres and 11 million […]
Deployment of artificial intelligence-enabled technology in agricultural crops has been in the news, explaining how automated data dissection and automation can reduce labor, streamline production of food crops and help producers improve the efficiency of their operations. That same technology is now being applied to marijuana and hemp operations to optimize growers’ production and management […]
In the world of cannabis investing, the hemp sector is often considered to be a gateway because of its federally legal status. Yet, current market conditions that have tested businesses in the U.S. hemp industry, from regulatory uncertainty to the coronavirus pandemic, have created significant challenges for investors and potential financial backers. The clock is […]
