Federal agriculture officials have released new loan guidance for direct and guaranteed loans for hemp producers and to ensure the new commodity is recognized as legal through the U.S. Department of Agriculture’s Farm Service Agency. “While it’s understood that this new commodity will likely produce some servicing challenges because of state and federal regulations, it […]
A former executive from FedEx and Hilton Worldwide will lead a new Tennessee CBD startup, called Hemp2Lab. Hemp2Lab’s 10,000-square-foot production facility in Rossville is about five to six weeks from opening, according to the Daily Memphian. The CBD the company makes will be sold in products with the lifestyle brand Easyriders, under a new licensing […]
Hemp plants in a hurry? There’s a hack for that. Hemp can get off to a stronger and faster start in farmers’ fields if it’s been properly germinated or rooted as young plants, greenhouse operators say. Growers can choose from a number of young plant inputs, based on their farms’ needs, and there is no […]
A man in Florida wants a class-action brought against a Missouri-based CBD manufacturer after he says that third-party lab tests he ordered on the company’s products revealed lead and other contaminants. Michael Davis’s complaint, filed Monday at a Florida district court, accuses Missouri-based CBD American Shaman LLC of falsely advertising its CBD products as being […]
Photo courtesy Asheville Hemp Project (Editor’s note: This story is part of an occasional series of commentaries from professionals connected to the cannabis industry and first appeared on Marijuana Business Daily. Amy Steinfeld helps lead Brownstein Hyatt Farber Schreck’s marijuana and industrial hemp industry group. Jack Ucciferri is a law clerk for the firm.) Beware […]
Farmers and agribusinesses can now apply for new coronavirus economic stimulus emergency loans and a though the Small Business Administration, which reopened its portal with new funds Monday after being closed since April 15. The agency said Monday that only agricultural business applications will accepted for Economic Injury Disaster Loans and forgivable EIDL loan advances […]
A new hemp company, Collective Growth Corp., virtually rang the bell on the Nasdaq Friday, beginning public trading already fully funded by investors. Headquartered in Austin, Texas, Collective Growth is a blank-check company that intends to focus on the “federally permissive cannabinoid industry,” said Joseph Brantuk, the chief client officer for Nasdaq. The newly organized […]
An Oregon hemp business is suing two counties on allegations that police seized legal hemp from its warehouse and then destroyed it. Oregonized Hemp Co. LLC, a hemp farm and farm service contracting business based in Grants Pass, and owner Justin Pitts filed a $2.5 million lawsuit against Josephine and Jackson counties in U.S. District […]
Lower-than-promised germination rates in a batch of hempseed from Colorado has spurred the California farm that bought the seed to file a $17 million lawsuit. GX Farms of Delano, California, said in the suit it bought 520,000 Cherry Blossom hempseeds in May 2019 at 70 cents each, or $364,000, from H.E.M.P. Group of Aurora, Colorado. According […]
Hemp cleaning wipes and hemp toilet paper? Paper manufacturer Georgia-Pacific and a Canadian company that makes natural nonwoven fibers formed a partnership in February – born from a mutual interest in hemp – that could add those items to store shelves. Looking for alternatives to single-use nonwoven products, the companies saw they could team up […]
