A federal judge has rejected legal maneuvers by the Hemp Industries Association and a South Carolina CBD maker trying to get the U.S. Drug Enforcement Administration to clarify whether it considers temporary byproducts of hemp production a Schedule 1 substance. In an order Tuesday by the U.S. District Court in Washington DC, Judge James Boasberg […]
While Oregon wildfires raged during the month of September 2020, hemp growers and processors held their breath fearing for the well-being of their crops and subsequent products. FSOil, a CO2 extraction and processing facility located on Iverson Family Farms in Woodburn Oregon was just under 10 miles from the Beachie Creek fire. The companies vertically […]
The U.S. Federal Trade Commission announced its first crackdown on deceptive claims in the CBD market Thursday, issuing fines and sanctions to six manufacturers accused of misleading consumers about the health benefits of the cannabis extract. FTC announces first monetary sanctions for CBD medical claims, says to expect more is a post from: Marijuana Business […]
A new study shows consumers are unable to identify cannabinoid levels in products they use. Study: Consumers don’t know CBD and THC levels in cannabis products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A bill to triple the THC limit for hemp grown in the United States has been introduced by Kentucky Sen. Rand Paul. The Republican’s proposal to raise the THC dividing line between hemp and marijuana from 0.3% THC to 1% THC stands little chance of success in the abbreviated lame-duck Congress. But the suggestion reflects […]
Hemp is another step closer to being recognized as a mainstream agricultural commodity with new pricing data being added to the Chicago Mercantile Exchange. The CME Group, a diverse derivatives marketplace that enables clients to trade futures, options, cash and over-the-counter markets including agricultural products, energy and metals, announced Tuesday that customers can access hemp […]
Aphria and Tilray, two Canadian giants in cannabis, have agreed to combine operations and form an international bohemoth with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion). The merged entity includes Manitoba Harvest, a Winnipeg maker of hemp food products that was acquired last year by Tilray. Based on data reported by […]
Hemp businesses won’t benefit directly from the $150 million raised by a special-purpose acquisition company that was initially established in hopes of investing in and further developing the U.S. hemp market. But a deal was made in the spirit of aligning the industry with large manufacturers in the future, according to Geoff Whaling, president of […]
Regulators in Australia have amended the country’s drug law and removed a prescription requirement for some CBD products, paving the way for greater consumer access but saddling CBD makers with efficacy requirements that threaten to create barriers to market entry. The Therapeutic Goods Administration (TGA) said Tuesday it was amending the country’s Poisons Standard to […]
The research arm of the U.S. Department of Justice has awarded $350,000 to a federal laboratory to develop a reliable method for measuring THC levels to distinguish industrial hemp from marijuana. The 2018 Farm Bill allowed the cultivation of industrial hemp in the United States by providing a threshold of 0.3% THC for the entire […]
