As the U.S. hemp industry waits to see what happens next with the federal hemp production program, more state-run programs have decided to keep the status quo for another year. Less than a week after the U.S. Department of Agriculture closed a public comment period on its hemp rules, five more states announced they will […]
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, has experienced a huge drop-off in milligrams of CBD sold in Florida over the past eight weeks. The trend accelerated this week, according to data analysis from Marijuana Business Daily‘s Investor Intelligence analysts. Trulieve’s market share of CBD sales has fallen nearly 20 percentage points […]
Colorado hemp grower and CBD manufacturer EcoGen Laboratories raised $40 million in a private placement, saying it will use the funds to consolidate operations and start producing white-label CBD products in a former steel plant in western Colorado. The company said it plans to consolidate operations and extraction in a new headquarters in Grand Junction, […]
(Editor’s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) Canada’s federal health regulator is reviewing the potential market for cannabis health products that would not require physician oversight, a review that attracted strong interest from hemp and marijuana producers interested in the […]
Nevada’s capital city is facing a lawsuit from a hemp cultivator blocked from growing the crop on about 100 acres of city-owned property. Tahoe Hemp filed suit against Carson City last month, saying the municipality acted in bad faith when it blocked the company from growing hemp on 100 acres. Carson City officials said some […]
Oregon marijuana growers report wholesale flower prices are improving, which is welcome news for recreational cannabis cultivators in one of the country’s previously most oversupplied MJ markets. The changed business climate is even leading some growers to expand facilities and ramp up production. Marijuana growers in the state report wholesale flower prices per pound are […]
Two more top hemp states have decided to operate their 2020 hemp production programs under the rules of the 2014 Farm Bill. As the U.S. Department of Agriculture closed the public comment period last week on its interim final rule for hemp production, regulators in Montana and North Dakota said they will keep their current rules. Montana, […]
Proponents of cannabis reform in Kentucky had an opportunity to have their voices heard in Frankfort on January 22nd and 23rd during the 2-day 2020 Advocacy Days event.
Kentucky hemp fiber manufacturer Sunstrand has filed for bankruptcy protection in federal court. The privately held company filed for Chapter 7 bankruptcy, a type of bankruptcy sometimes called straight or liquidation bankruptcy. Based in Louisville, Sunstrand said it has between $100,001 and $500,000 in assets but owes more than $10 million. Its listed creditors include Hemp Traders, […]
(This is an abridged version of a column that appears in the January issue of Marijuana Business Magazine.) Buy a $4.99 bottle of Advil at any drugstore in the world, then throw the bottle in your home medicine cabinet. Or your desk at work. Maybe the glove box of your car. It doesn’t matter. You open that bottle six months later, and the Advil […]
