Rhode Island CBD manufacturer Abacus Health Products acquired Utah’s Harmony Health brand of topical CBD products in a cash-and-stock deal worth $5.5 million. The acquisition flexes Abacus’ retail footprint to roughly 12,000 locations nationwide. Harmony Health brands, which will continue selling under the Harmony Health name, include lotions, pain relief gels and roll-ons made by third-party contract […]
The staff of Hemp Industry Daily is attending the World Ag Expo in Tulare, California. We asked members of the hemp industry: How will farmers cope with USDA hemp rules in 2020? “I don’t think I want to take the risk of having to throw away my whole farm or go to jail because my product […]
California has issued a 10-year ban on drug felons growing hemp, a move state authorities say is required by the federal law that legalized the crop. The ban, issued Monday by California’s Department of Food and Agriculture, makes people convicted of drug felonies ineligible to receive state hemp-cultivation licenses for a decade. The emergency rule was […]
Hemp and CBD would get new attention by federal agencies under a 2021 budget plan released this week by President Donald Trump. Trump’s proposal asks for an additional $5 million next fiscal year for the U.S. Food and Drug Administration (FDA) to regulate cannabis and its derivatives, including CBD. The president also asked for more […]
The South Dakota House voted Tuesday to legalize and regulate the growth, processing and transportation of industrial hemp in the state. Legislators didn’t even debate the bill and it passed with a two-thirds majority. It will next be considered by the Senate. If that body also passes the legislation with a two-thirds majority and Gov. […]
(This is an abridged version of a column that appears in the February issue of Marijuana Business Magazine.) One of the most important uses of data in any industry is giving companies a realistic picture of supply and demand. When data began to reveal white-hot consumer demand for CBD products in 2019, mainstream retailers from nutrition to footwear jumped on the bandwagon and began […]
California’s flagship agriculture school has tapped a schizophrenia researcher and a plant expert to lead its new center to study marijuana and hemp. The University of California, Davis, named professors Cameron Carter and Li Tian as co-directors of its Cannabis & Hemp Research Center. Created last year, the research center is charged with: increasing academic collaboration […]
Federal agriculture officials have introduced two crop insurance programs for hemp, both designed to protect farmers growing the new commodity from damage during natural disasters. But the programs have tight deadlines and limitations on who is eligible. The U.S. Department of Agriculture’s newly available Multi-Peril Crop Insurance and Noninsured Crop Disaster Assistance Program both provide […]
Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. Authentic Brands Group, owner of the Sports Illustrated brand, says it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy Growth, majority owner of drink and […]
Hemp farmers are about to get some help protecting their crop from natural disasters, but any hope that the proposed federal production rules will change in time for the 2020 growing season should be put aside for now, officials say. Top officials from the U.S. Department of Agriculture have revealed new details for two hemp […]
