CBD continues to mainstream as a grocery store chain in the South has picked up distribution of a hemp-derived extract and a national supplement retailer expanded its product range. Harris Teeter, based in Matthews, North Carolina, announced Tuesday it will distribute PlusCBD Oil, manufactured by San Diego-based hemp and CBD company CV Sciences, in 150 […]
The hemp industry is lacking the processing infrastructure it needs to turn raw hemp plants into extracts and other products, a bottleneck that could cost farmers and hopeful hemp businesses millions this year. California-based extraction machine manufacturer Delta Separations estimates the industry could see $7.5 billion worth of hemp rot in the fields because of […]
A Kentucky-based CBD company filed a $44 million lawsuit against an Oregon hemp seed company, claiming the hempseeds it supplied were bogus and contributed to ruining the company’s 2019 crop. Lexington-based Elemental Processing estimated it lost at least $44 million in profits after HP Farms of Troutdale, Oregon, allegedly supplied it with more than 6 […]
(Editor’s note: This is part of an occasional series on California’s hemp industry.) California’s county-by-county regulatory landscape for hemp production is as varied as its actual scenery. In some of its counties, California is one of the last strongholds against hemp production, while in others, efforts to grow the crop are underway or ordinances have […]
(This story has been updated with details from Oregon.) Hemp farmers in the Western states are frantically harvesting their crops an early-season storm threatens cold temperatures and severe wind chill, potentially dumping as much as 50 inches of snow on their fields. Jamie Fitterer, the owner of Montana Hemp Co., said farmers in Bozeman and […]
The U.S. Drug Enforcement Administration is the latest agency being ordered to accommodate hemp legalization using a budget maneuver. Senate Majority Leader Mitch McConnell, R-Kentucky, announced Thursday he is championing a requirement that the DEA “identify or develop on-the-spot field testing technologies” to distinguish hemp from marijuana. The need for speedier cannabis tests has bedeviled […]
(Editor’s note: Sergio Vazquez will appear at the MJBizDaily Latin American Cannabis Symposium, Sept. 30-Oct. 1, in Bogota, Colombia.) While Latin American countries generally have yet to see the formation of anything close to a real hemp market, some areas will begin to see an export stream next year. Even in Uruguay, the first country in […]
CBD rocketed to the best-selling herbal dietary supplement in natural sales channels last year, ousting turmeric as the No. 1 seller, according to a new report from the American Botanical Council. Sales of CBD products jumped 333% in 2018 in natural- and health-foods sales channels, notching $52.7 million in U.S. sales, the Texas-based industry group […]
House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]
(Editor’s note: David Gordon will appear at the MJBizDaily Latin American Cannabis Symposium, Sept. 30-Oct. 1, in Bogota, Colombia.) Cannabis companies are investing heavily in Latin American markets, where low-THC varieties known as hemp in the U.S. play a large role in nascent medical marijuana regulations. The companies that entered Colombia in recent years are seeing […]
