A hemp processor based in central Indiana plans to build a $50 million facility in Westfield, bringing 100 new jobs to the area. BDX-Indiana, a CBD extraction company, operates a 63,000-square-foot facility in Indianapolis. The first phase of construction of the facility, which received a city tax abatement last month, will begin in December. The […]
A California CBD manufacturer challenging the hemp policies of the U.S. Customs and Border Protection agency says hemp seizures are still taking place despite nationwide legalization and a federal judge’s assurance that border seizures of legal hemp are a thing of the past. Innovative Nutraceuticals is trying to keep alive its claims against the federal government […]
Two federal agencies sent a joint warning letter to a Florida company for selling CBD products online while making unsubstantiated medical claims. The U.S. Federal Trade Commission (FTC) and U.S. Food and Drug Administration (FDA) warned Naples, Florida-based Rooted Apothecary on Oct. 10 that, by making claims that its CBD products can treat medical conditions […]
The U.S. triathlon team has signed a deal with Colorado CBD company Pure Spectrum in a first move toward cannabis use by an Olympic team. The deal was made after the team determined that Pure Spectrum uses industrial hemp to manufacture its products and adheres to “strict third-party testing protocols,” deeming the company’s products safe for […]
The hemp industry continues to look for federal guidance on production for 2020. It’s been over a month since Hemp Industry Daily first reported that the U.S. Department of Agriculture (USDA) had completed its draft of the federal hemp production rules and submitted it to the White House Office of Budget and Management, which reviews all […]
Farmers across the nation who produced hemp this year are using any means necessary to sell crops that are either still waiting in their fields to be harvested or drying postharvest. From posting hemp for sale on LinkedIn to working with brokers, farmers this season are looking for strategies to profit from hemp even if […]
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 […]
