A hemp drying and processing company in Pennsylvania that has received numerous complaints about its facilities, odor and lack of pay to employees has been ordered by the state to close. The Pennsylvania Department of Environmental Protection (DEP) issued an administrative order to cease operation at the Jeannette facility of Patriot Shield, The Philadelphia Enquirer reported. […]
After a seasonlong struggle associated with banking and financing their operations, hemp farmers and businesses can exhale now that federal and state financial institutions have loosened reporting restrictions on hemp banking and issued guidance to members. The Federal Reserve Board, the Federal Deposit Insurance Corp., the Financial Crimes Enforcement Network (FinCEN) and the Office of […]
A Canadian greenhouse vegetable producer making an expansion into hemp is one of the few companies in the marijuana and hemp industries with a positive consensus earnings estimate for 2019. In this exclusive examination from the Investor Intelligence team at Marijuana Business Daily, analysts note that Village Farms International (Nasdaq: VFF; TSX: VFF) has the […]
Hemp might be legal now, but more and more hemp companies are finding themselves in court. That’s because the booming industry has attracted a mix of new entrepreneurs and get-rich-quick scam artists looking to take advantage of a new market with few established players. Making matters more complicated for hemp businesses is the fact that many […]
The top Democratic official in the U.S. Senate is calling on federal agriculture regulators to allow more time for hemp industry stakeholders to have their voices heard regarding hemp production regulations. Sen. Chuck Schumer of New York sent a letter to U.S. Agriculture Secretary Sonny Perdue urging the U.S. Department of Agriculture (USDA) to extend […]
Producers who want to grow hemp in 2020 but live in a state that does not currently have a program can now apply for federal licenses. The U.S. Department of Agriculture’s Agricultural Marketing Service is accepting license applications from producers whose states or tribes do not submit plans for approval. The agency issued hemp rules […]
The U.S. Department of Agriculture (USDA) is talking about getting real-time hemp information to law enforcement authorities in order to ease interstate hemp shipments. An information-sharing platform with the U.S. Department of Justice (DOJ) could provide “some level of solution” that shipments are legal hemp and not illegal marijuana, according to USDA attorney Mai Dinh. […]
Before the 2018 Farm Bill was passed, CBD was available only in a small number of specialty stores such as dispensaries and recreational marijuana stores. Now, CBD products can be found in a broad variety of outlets with significant retail footprints. (In this abridged version of a case study that appears in the November-December issue […]
A hemp processor in Kansas stands accused of trademark violations by a nearby CBD manufacturer with a similar name. The case started in October, when KHC Enterprises, which does business as KC Hemp Co. in Overland Park, Kansas, sued KC Hemp Company in Lenexa, Kansas. The towns where the businesses are located about 5 miles apart. […]
(In this abridged version of a case study that appears in the November-December issue of Marijuana Business Magazine, we look at one example from the growing trend of hemp businesses partnering with mainstream companies. Coming Monday: Case study of the partnership between Isodiol International and the Asian-American Trade Associations Channel.) What better bedfellows to collaborate on […]
