(This is an abridged version of a story that appears in the January issue of Marijuana Business Magazine.) Technology powered by artificial intelligence (AI) has quickly evolved in traditional indoor agricultural production in recent years, as companies use the vast amounts of data produced in their operations to make better production and management decisions. Now, indoor […]
Kentucky hemp farmers are asking the state to hold off on attempts to win federal approval for regulating the new crop. After the U.S. Department of Agriculture (USDA) returned Kentucky’s hemp production plan with an outline of changes that must be made to ensure federal approval for the 2020 planting season, a hemp association asked […]
Broad physician adoption of a cannabis-derived epilepsy treatment is boosting sales for the only company with federal permission to sell cannabis products in the United States. London-based GW Pharmacetuticals told investors Monday that it notched $108 million in sales last quarter and $309 million for calendar 2019. The sales figures were released in advance of the company’s […]
A decision by a federal judge in Florida to put a CBD lawsuit on hold pending federal clarity on the extract signals the judiciary isn’t yet ready to start hearing class action claims against the industry. U.S. District Judge Ursula Ungaro ruled Jan. 3 that a CBD manufacturer shouldn’t face certain liability claims until the U.S. Food […]
Opportunities abound in the hemp industry, but to attain the crop’s full potential, it’s going to require people from all walks of life, according to industry observers. “I want to go to a conference and not feel like I’m the only black guy there,” said Malcolm Anderson, founder and CEO of The Prophet Society, a vertically […]
Mile High Labs, a CBD manufacturer in suburban Denver, said it has laid off 20 employees, mostly sales positions. This week’s layoffs, a cut of less than 10% of Mile High Labs’ workforce, take the company from more than 250 employees to about 230, the Denver Post reported. The layoffs follow a growing trend in […]
Welcome to the first Weekly Legislative Roundup of 2020!
A cosmetics, skin-care and beauty products specialty retailer will carry more products containing CBD in stores across several states after signing its largest cannabis-related partnership. New York-based retail giant Sephora will sell products from California beauty company Saint Jane in 281 stores across 22 states as of Jan. 10, according to The Fresh Toast. Saint […]
Federal hemp licenses promised last fall have yet to appear, a delay that federal agriculture officials are blaming on extended discussions with the White House. The U.S. Department of Agriculture (USDA) initially said that farmers in areas that have legalized hemp production but opted out of regulating it could apply for federal licenses by Nov. 30. […]
Gov. Kristi Noem is relenting in her opposition to South Dakota’s development of a hemp industry. Noem said Wednesday she won’t veto legislation this session allowing hemp to be grown in the state but that she would require “guardrails” to regulate the plant. She said she wants the crop to be tightly regulated, with government […]
