Washington state banned the commercial sale of food and beverages containing CBD, sticking closely to U.S. Food and Drug Administration (FDA) policy. The FDA currently stipulates that the cannabinoid cannot be an ingredient in the food supply, and the Washington State Department of Agriculture (WSDA) posted similar restrictions this month. “To be clear, CBD is not […]
This week, MJBizDaily’s Investor Intelligence introduces a new comp table that includes exclusive data on hemp and CBD companies. As an allocator of capital judging multiple opportunities for your marginal dollar, you must be able to: Identify the relevant investment opportunities. Assess the current size and value of public players. Determine the valuation multiple applied […]
North Carolina lawmakers are moving closer to banning smokable hemp starting next year. An agricultural bill that includes a ban on selling smokable hemp products in December 2020 advanced through a committee in the state House this week, The Charlotte Observer reports. The measure has already passed the North Carolina Senate and could be heard […]
(This is an abridged version of a story that appears in the August issue of Marijuana Business Magazine.) Azuca, a CBD-infused product manufacturer headquartered in New York City, is using tiny, infused sugar granules as the building blocks for its rapidly growing cannabis business. The company’s CBD-infused sugars and syrups can be stirred into batters, doughs […]
Hemp businesses should have access to banking services, a top banking regulator reiterated this week amid ongoing complaints about banking and credit challenges in the newly legal industry. The National Credit Union Association (NCUA), an independent federal agency that oversees and insures banking deposits for more than 100 million U.S. account holders, released a statement Monday […]
Hemp Industry Daily has launched its second annual survey of hemp industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives of hemp operations – from growers and processors to retailers, as well as investors funding hemp […]
A North Dakota vape shop owner who sells CBD has succeeded in getting criminal drug charges against him dismissed, after a two-year battle that went to his state’s Supreme Court. The retailer, Falesteni A. Abu Hamda, was charged with seven drug crimes in 2017, when police seized CBD vape pens and gummy bears from two of his Tobacco Depot shops. Hamda argued […]
Federal agriculture authorities are struggling to craft a nationwide THC testing standard so that state and local regulators can tell hemp from marijuana, complicating the release of standardized production rules, according to an official with the U.S. Department of Agriculture. William Richmond William Richmond, head of the Specialty Crops Program in the USDA’s Agricultural Marketing […]
CBD manufacturers in the Southeast and Mountain West are merging to increase market penetration and align production. RE Botanicals of Boulder, Colorado, and Palmetto Harmony of Conway, South Carolina, announced the merger Monday. The new company is called RE Botanicals, though Palmetto Harmony will remain a brand name of CBD capsules, tinctures, topicals, vape oils […]
Michigan regulators have adopted rules that create testing standards for farmers’ first crop of industrial hemp. A pilot program was launched this year allowing for the growing and processing of hemp in the state. The Michigan Department of Agriculture and Rural Development (MDARD) announced emergency rules that establish sampling and analytical testing methods for measuring […]
