Have a sales plan. Consider hemp markets beyond the flower. And get ready for a bumpy ride. Those were among the many business takeaways from the 2019 Hemp Industry Daily Forum on Tuesday at the Las Vegas Convention Center during MJBizCon Week. The forum drew more than 500 entrepreneurs from all sectors of the hemp supply […]
Maine currently holds the record for taking the longest to roll out its marijuana retail program. What happened in the Pine Tree State, and how can the next states to legalize avoid what went down there?
U.S. hemp sales might exceed $25 million in 2020 and surpass $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA). These estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp & CBD Businesses.” The free report, released […]
New York Gov. Andrew Cuomo signed a bill into law Monday that sets up a regulatory framework for the production and sale of hemp and hemp extracts in the state. According to a statement from the governor’s office, the new law also requires hemp businesses to test and properly label products to safeguard consumers. The […]
Many farmers sold hemp biomass for under the set floor price of $1 per CBD point during the International Hemp Auction and Market in Franklin, Tennessee, in late November. (Photo courtesy of Casey Flippo) Optimism around a three-day hemp auction in Tennessee turned to disappointment when producers found way more sellers than buyers, driving prices […]
(This is an abridged version of a story that appears at Marijuana Business Daily.) A company in Brazil successfully appealed to a court for permission to cultivate hemp on the same day that the Brazilian government decided against creating rules to allow domestic cultivation. The decision could spur other hemp companies to turn to the judicial system […]
An Iowa CBD retailer was arrested after allegedly selling products containing cannabidiol to police. Lacie Navin, the owner of Your CBD Store, in Ankeny, Iowa, was arrested as part of a task force investigation into businesses selling CBD in the area after multiple complaints. According to police, this is the first arrest in the state […]
The CBD marketplace grows more crowded by the day, with manufacturers struggling to gain market share in a sea of CBD products all claiming to be the most effective. That makes branding and marketing essential for even a savvy cannabis entrepreneur hoping to gain traction in a confusing and congested market, where every product starts […]
Local authorities acted correctly by not allowing sales of CBD products that don’t have a “novel food” authorization, a German court decided, confirming an earlier ruling. The “novel food” classification is given by the European Union to products that have not been significantly consumed before 1997. The Gießen Administrative Court (VG Gießen) said it decided […]
A CBD retailer is worried his store could go out of business after the New York Police Department intercepted its most recent shipment of hemp, thinking it was marijuana, and arrested his brother on drug charges. Oren Levy, the owner of Green Angel CBD in Brooklyn, told Hemp Industry Daily the hemp shipment hasn’t been returned […]
