Tax relief and higher THC limits: Q&A with U.S. Rep. Denver Riggleman

Raise THC limits, improve access to banking, provide tax relief and offer opportunities for new hemp and CBD businesses – one Congressman has heard distress calls from the nascent hemp industry and is working to introduce legislation that could help. U.S. Rep. Denver Riggleman, a Republican from Virginia, says he plans to introduce legislation called […]

USDA approves Montana hemp plan, but state will keep pilot rules for now

Montana agriculture officials have pushed through with getting federal approval on the state’s hemp production plan. But they will still operate the 2020 production season under the existing pilot rules, which expire Oct. 31. The U.S. Department of Agriculture (USDA) approved Montana’s plan Friday. The Montana Department of Agriculture (MDA) submitted it on Jan. 9. But […]

Work continues on Canopy Growth’s New York hemp plant despite recent closures, job cuts

A Canadian cannabis giant that shut down more than half its marijuana cultivation facilities and significantly slashed jobs last week is still moving forward with a hemp production facility in New York state. Canadian-based Canopy Growth closed two production facilities in British Columbia and laid off 500 employees there. But construction work continues on an […]

Major German drugstore stocks CBD supplements and topicals in 2,200 stores

A German CBD oil manufacturer has launched three products at one of Germany’s main drugstore chains. CannaCare Health GmbH said its CANOBO products hit the shelves at 2,200 branches of ROSSMANN drugstore across Germany in February 2020. The products include two full-spectrum CBD nutritional supplements at concentrations of 2.75% and 5% and a topical sport […]

Limit your exposure: How liability insurance can protect CBD manufacturers

(This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) CBD manufacturers risk paying thousands of dollars in legal expenses if they lack insurance to deal with rash-inducing topicals, exploding vape pens and other problems connected to their products. Product liability insurance is especially important for CBD companies […]

Cannabis firms BR Brands, Dixie to merge hemp, MJ portfolios in $43 million deal

Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, on Monday announced it will merge with Denver-based Dixie Brands in a $43 million reverse takeover. Dixie Brands is a consumer-packaged goods company and manufacturer of cannabis-infused products, including Aceso Hemp, a line of hemp-derived supplements for humans, and Therabis hemp-based […]

CBD chew partnership ends in trio of lawsuits

A Nevada hemp and marijuana producer has filed a trio of lawsuits against a California cannabis chew maker over a disappointing 2018 partnership to make CBD- and THC-infused chewing pouches. The Nevada company, Solace Holdings, says Cannadips defaulted on loans worth $1.2 million through 2018 and 2019, money Solace says it paid to get the rights […]

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