Viobin, a CBD maker that converted a former wheat germ plant into a CBD facility last year is expanding into hemp drying and milling, thanks in part to a tax abatement from its northern Indiana city. Indiana CBD processing plant expanding into hemp drying, milling thanks to local tax credit is a post from: Marijuana […]
Charlotte’s Web Holdings Inc. lost $6.6 million last quarter as expenses outstripped rising revenue and the pandemic continued to cool sales. The CBD giant based in Boulder, Colorado, reported revenue of $25.2 million for the quarter that ended Sept. 30, up 0.4% from the same period a year ago. The company said in its third-quarter […]
Editor’s note: Get up-to-date insights on growing conditions in all states at the Hemp Industry Daily Forum at MJBizCon. See the packed agenda of hemp discussions and insights here. Florida’s inaugural year of hemp cultivation has been a challenging one, with the state’s tropical climate proving that seed varieties that work elsewhere just don’t function […]
Missouri CBD retailer MNG 2005 is cheering a judge’s order keeping its legal fight alive against credit-card giant Visa as it wages a battle to access payment-processing services. U.S. District Judge John Ross ruled this week that MNG can pursue defamation claims against Visa for allegedly saying that the CBD company was “engaged in illegal […]
The National Industrial Hemp Council has set its sights on Asian and European hemp markets after it says it was allocated $200,000 from the U.S. Department of Agriculture to promote U.S. hemp products abroad. Kevin Latner, the NIHC’s senior vice president for trade, told Hemp Industry Daily that the group received word it was selected […]
Aldi UK, the British arm of the German supermarket chain, has launched a house line of hempseed oil skincare products, joining the ranks of grocers carrying hemp and incorporating it in store-brand products. The retailer’s Lacura line of products, which includes a body butter, hand cream and “CBD Facial Serum,” were made available on shelves […]
A team of University of Minnesota researchers have developed a genetics test that can predict whether a cannabis plant will produce mostly CBD or THC molecules. The group, led by the lab of George Weiblen, a professor in the College of Biological Sciences and the Science Director & Curator of Plants at the Bell Museum, […]
Choosing a new head of the U.S. Food and Drug Administration will be a top priority for President-elect Joe Biden as the nation continues to wrestle with a pandemic with no end in sight. That’s a change from previous administrations, where the FDA chief was not the first priority, Kaiser Health News reports. Some 4,000 […]
In a year of a deadly pandemic and a historic presidential election, it shouldn’t surprise anyone that anxiety levels are sky high among American consumers. But the silver lining for the hemp and CBD industry is that at least 20% of consumers are using more CBD products as a direct result of COVID, according to […]
Assets of Elemental Processing, LLC, located in Lexington, Kentucky are under court ordered Receivership. LS Associates, LLC is the financial advisor to the Receiver and assisting in this auction process. All assets to be sold December 1, 2020, by entire lots, as is where is. Must qualify to attend or participate in the auction. Buyer […]
