President Donald Trump this week announced he would suspend all immigration into the U.S. during the coronavirus outbreak – but the ban makes a few exceptions to support the economy and agriculture. On Tuesday, President Trump said he would sign an executive order blocking permanent residency visas or greencards for 60 days. However, the still-unwritten […]
International CBD brand Elixinol has appointed a former supplement-industry executive as its new global CEO – the Australian company’s second management reshuffle in less than a month. Oliver Horn formerly served as head of Swisse Wellness for Australia, New Zealand and North America. He takes over from Stratos Karousos as Elixinol Global CEO with immediate effect, […]
Farmers and hemp businesses could soon be able to apply for loans with a second round of federal funding aimed at keeping small businesses afloat through the coronavirus disruption. The U.S. Senate voted Tuesday to pass a $484 billion economic stimulus package after a deal was struck between Congress and the Trump administration. The House […]
CBD retailers aren’t essential businesses that can stay open despite closure orders in Texas. That’s the ruling from the Texas Department of Emergency Management, the agency that arbitrates which businesses are subject to the state’s stay-at-home order. CBD retailers were among the 3,000 or so businesses asking, to stay open, the San Antonio Express-News reports. The Texas […]
A reshuffling at the Hemp Industries Association has Colorado hemp activist Rick Trojan as the group’s new president. The business advocacy organization also named Mike Lewis, a hemp farmer and educator in Lexington, Kentucky, as the group’s new vice president. Trojan replaces former president Joy Beckerman, who left the position last month. HIA said Wednesday […]
Farmers in Iceland will be allowed to import industrial hemp seeds for the first time this year after the health minister gave regulators the power to grant exceptions to the Nordic island’s total ban on cannabis and cannabis products. Health Minister Svandís Svavarsdóttir brought forth an amendment that authorizes the Icelandic Medicines Agency (IMA) to […]
Ten members of the Senate, led by Senators Jacky Rosen (D-NV) and Ron Wyden (D-OR), and 34 members of the House, led by Representatives Earl Blumenauer (D-OR) and Tom McClintock (R-CA), have recently issued letters requesting Small Business Administration funding programs be expanded so that they may be accessed by state-licensed cannabis businesses.
Another Kentucky hemp company is filing for federal bankrupticy protection, this time Elemental Pricessing in Lexington. The toll processor noted debts of some $56.7 million in its Chapter 11 filing on Monday. The debts include $100,000 in unpaid rent for its Lexington facility. Elemental Processing listed assets between $1 million and $10 million. The company […]
Even before the coronavirus pandemic, CBD and herbal product manufacturers were getting in trouble with the U.S. Food and Drug Administration for making unsubstantiated claims about their products. But the coronavirus has ushered in more dubious claims – and more warning letters from the FDA directing companies to immediately stop. The letters have hit businesses across […]
A California company that sells coffee to cruise lines and grocery stores says two of its subsidiaries have entered into an agreement with Nicaraguan cooperative to buy a farm for a hemp grow and processing facility. Youngevity International of Chula Vista announced Tuesday that CLR Roasters LLC and Khrysos Industries, Inc., its two subsidiaries, have […]
