Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch. Terms of the acquisition were not made public. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser. Mary’s Brands include: Mary’s Medicinals, […]
A Colorado hemp extraction company seeking the return of roughly 7,000 pounds of hemp biomass after it was seized in Idaho asked a federal court to override the state and affirm that hemp transportation is legal. But Idaho lawyers say the Colorado company – Big Sky Scientific of Aurora – “jumped the gun” when it shipped hemp […]
A Kentucky company planning to develop hemp-derived wood products has begun production even as it appeals a 25% tariff on some equipment from China. Fibonacci opened its $5.8 million facility in Murray, Kentucky, this week. The company, which plans to employ 25 people making hemp-based wood products such as flooring and furniture components, is appealing a tariff […]
The deadline for submitting nominations for Marijuana Business Daily’s inaugural MJBizDaily Awards is Saturday. The awards, which will be held during MJBizCon Week (Dec. 7-13) in Las Vegas, will recognize the top companies, individuals and organizations participating in the global cannabis industry. The MJBizDaily editorial staff will choose the winners in the awards categories that cover different […]
Federal crop insurance is finally coming to some hemp farmers as the U.S. Department of Agriculture (USDA) takes more steps toward adopting new rules for hemp production. Industrial hemp farmers producing hemp for fiber, flower or seeds will be eligible for crop insurance coverage under the Whole-Farm Revenue Protection (WFRP) program for the 2020 crop […]
Kristen Nichols is the editor of Hemp Industry Daily. (This is an abridged version of a column that appears in the August issue of Marijuana Business Magazine.) Smokable hemp has taken hold with consumers. The unlikely trend has given hemp producers new market opportunities – and a new set of legal headaches. It seems that consumers […]
More than 50% of Hawaii’s 2019 hemp crop was destroyed because of elevated THC levels, a problem that state agriculture officials attribute to a lack of cultivars suited to a tropical climate. Eighteen crops were destroyed and another four hemp crops exceeded THC limits but were granted waivers because the THC was close to the […]
Matthew Whitaker Toronto-based CBD company Alternate Health has retained former acting U.S. Attorney General Matthew Whitaker and his Kansas City, Missouri, law firm, Graves Garrett, to act as outside counsel. Whitaker was a controversial figure during his short term running the U.S. Department of Justice under President Donald Trump. Whitaker served as acting attorney general […]
More than six months after hemp was made legal in the United States, federal drug authorities have updated their guidance to remind law enforcement that hemp is no longer a controlled substance. A notice posted Monday by the U.S. Drug Enforcement Administration (DEA) cited the 2018 Farm Bill in noting that “certain forms of cannabis […]
“For the past three years, the DEA has failed to take any steps to follow through on its promise to facilitate clinical cannabis research, and today’s announcement makes it clear that this foot-dragging will continue,” NORML Executive Director Erik Altieri said.
