Hemp Industry Daily is providing a free calculator intended to help cannabis companies forecast their financial performance based on different revenue assumptions during the current economic tumult. The tool is designed to provide a snapshot of how a prolonged pandemic situation – or some other variable – might affect a business: If revenue drops 20%, […]
Virginia has joined other states in allowing CBD in food despite federal prohibitions. Gov. Ralph Northam recently signed the legislation that defines CBD as food and gives state regulators power to regulate the new industry. The Virginia Department of Agriculture and Consumers will be in charge of regulations and enforcement, including overseeing labeling requirements, identifying […]
(This is the final part of a series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. Part Three compared hemp salaries with those in traditional commodity agriculture. Part Four reviewed compensation and recruitment strategies.) Farmers and businesses across the […]
Florida’s proposed hemp regulations have won federal approval, two weeks before the state plans to start taking applications for its first commercial hemp season. The U.S. Department of Agriculture signed off on Florida’s plan this week. Applications open April 27. Florida calls for hemp to be tested for total THC content in labs registered with […]
Less than three weeks after the U.S. passed a $2.2 trillion stimulus bill to help individuals and businesses through the economic disruption caused by the coronavirus pandemic, the government has reportedly out of funds for small businesses. The Coronavirus Aid, Relief and Economic Security (CARES) Act, which included $349 billion for small business Economic Injury […]
Canopy Growth, a global cannabis giant that muscled its way into the U.S. hemp market, has announced that it is shutting down its hemp-growing operation in New York state, citing a glut of hemp from last year. The Canada-based company will cease farming operations in Springfield, New York, but will continue using its hemp supply […]
Denver-based Molson Coors Beverage Co. is partnering with a Canadian marijuana company to sell non-alcoholic hemp-derived CBD drinks, the companies announced Tuesday. Molson Coors and HEXO Corp. said the joint venture, called Truss CBD USA, will be established in Colorado and will be a standalone entity with its own board. It will be majority owned […]
(This is the fourth part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. Part Three compared hemp salaires with those in traditional commodity agriculture. Coming tomorrow, a look at future labor […]
An Iowa ingredients manufacturer has partnered with Brazilian medical cannabis company to launch several hemp-derived medical cannabis products under the brand name CBD CALM in Brazil. Kemin Industries of Des Moines will act as the lead consultant for medical marijuana producer MedPharm Iowa, struck a deal in March with Brazilian distributor CBD Vida to deliver cannabinoid-containing products […]
NORML encourages those who wish to express their support for marijuana policy reform this 4/20 to engage in the many online/virtual celebrations taking place throughout the day.
