North Carolina is giving a hemp processor $100,000 to set up a new facility. Carolina Botanicals, a commercial processor of hemp biomass, will invest $3.46 million in its new processing plant in Tabor City, in southeastern North Carolina. The plant is projected to create 30 jobs. The $100,000 grant comes from the One North Carolina […]
Retail sales of CBD in the U.S. are expected to surpass $1 billion in 2019 – a 133% increase over 2018 sales – and may eclipse $10 billion by 2024, according to projections from the newly released 2019 Hemp & CBD Industry Factbook. The recent surge of consumer demand for CBD, coupled with increasingly easy […]
California Gov. Gavin Newsom signed a bill to bring the state’s hemp laws into compliance with the 2018 Farm Bill. The measure, which was signed Saturday and will take effect Jan. 1, updates the state’s definition of industrial hemp and terminology to match the federal language. It also requires the California Department of Food and Agriculture […]
A Canadian greenhouse vegetable producer making an expansion into hemp is bracing for Latin American competition as it expands its operations. “The confidence that I have in Canada is, I think we can actually compete on oil with Latin America,” Village Farms’ CEO Michael DeGiglio said last week in a webcast with MJBizDaily’s Investor Intelligence. “I […]
(This is part of an occasional series of regional reports looking at the 2019 hemp production season. To read the previous installment about the Mid-Atlantic region, click here.) Hemp producers in the South faced a dry, warm growing season, along with high disease and pest pressure. Most farmers growing hemp for CBD production and smokable flower […]
Michigan State University is looking to the hemp industry to provide guidance on research and outreach needs. MSU researchers are asking growers who are currently producing or plan to produce hemp for biomass, fiber, grain or CBD to participate in an industrial hemp survey. The survey asks growers to prioritize areas where they could use […]
The Cosmo Cultivator of the Year. Regional Game Changer. Community Impact. These are just some of the categories for which the editorial team of Marijuana Business Daily vetted more than 670 entries for the inaugural MJBizDaily Awards. With the list of nominees having been culled to 55 finalists, a panel of cannabis industry professionals is […]
Canadian cannabis giant Canopy Growth and a Nevada-based hemp producer are suing each other in rival federal cases over a bad crop and allegations of missed payments and misspent advances. The cases center on Go Farm Hemp, a Henderson, Nevada-headquartered company that entered contracts to grow hemp in 2019 for Canopy Growth in Colorado, Kentucky, […]
A Canadian wellness company has entered into an equity partnership with an American consumer-media company to promote its hemp-derived CBD products in the United States. Neptune Wellness Solutions, based in Laval, Quebec, developed the deal with New York City-based American Media, a privately held publisher of consumer magazines such as Men’s Journal and Us Weekly. The media […]
A Kentucky hemp producer and manufacturer says a new manufacturing facility is on track despite financing snags that have held up construction. Winchester-based GenCanna Global is building a new processing facility in Mayfield, a town of about 10,000 people in Western Kentucky. Building contractors have reportedly filed 19 liens on the property, saying GenCanna owed them more […]
