Despite falling 2020 hemp acreage, Wisconsin farmers remain interested in crop’s potential

Wisconsin’s humidity and long winters make it a tough place to cultivate hemp, but the state’s recent history shows the plant can still grow in abundance. Decades of cannabis prohibition, however, means farmers are having to relearn how to grow the crop and which cultivars are best suited for Wisconsin’s climate. This was the state’s […]

Abaca Announces Merchant Services for Hemp and CBD Businesses

NORTH LITTLE ROCK, Arkansas (December 11, 2020) – Since he founded his business, Ryan Croy, co-founder of Honcho & Hoss, CBD for the Everyman, has gone through three credit card processors – not by his choice. “One pulled the plug on me over the weekend. One said they’d process but bailed before we ever got […]

Massachusetts clears path for hemp-derived CBD ingestibles in MJ retail

Massachusetts’ governor has agreed to allow marijuana dispensaries to sell hemp and hemp-derived products grown and manufactured in the state. The change makes Massachusetts the latest to open up marijuana dispensaries to hemp operators and gives Massachusetts’ 79 farmers and 19 hemp processors their first route to selling CBD in foods, drinks and dietary supplements. […]

Mexico hits snooze on hemp legalization until next spring

The Supreme Court of Mexico has again extended the deadline for legislators to comply with a mandate to legalize industrial hemp and adult-use marijuana. Congress can now legislate on this matter until the end of the next ordinary session period, which starts in February 2021 and ends in April. The Mexican Chamber of Deputies – […]

In nascent CBD coffee market, first-time exposure is ‘make-or-break,’ Nielsen says

With consumer interest in hemp-derived CBD showing no signs of waning, a growing number of companies are looking to one particular consumer product good as a conduit for cannabidiol: coffee. Around 70% of the U.S. adult population consumes coffee in some form, and 14% of regular ground coffee drinkers who are interested in a CBD-infused […]

Canada’s Canopy Growth loans $20 million to hemp-CBD subsidiary of TerrAscend

Arise Bioscience, a Florida-based hemp-derived CBD subsidiary of TerrAscend Corp., has received a $20 million loan from Canada’s Canopy Growth. In exchange for the loan, TerrAscend, which makes prescription cannabinoids and is headquartered in Mississauga, Ontario, has issued 2,105,718 common share purchase warrants to Canopy Growth, according to a statement announcing the deal Thursday. Canopy […]

Smokable hemp regulations likely won’t come before FDA’s broader CBD rules, attorneys say

Catch up on all the hemp analysis from the Hemp Industry Daily Forum at MJBizCon2020 here. Hemp flower growers and smokable hemp manufacturers impacted by state laws that have banned or restricted smokable hemp flower production and sales are worried that federal regulators could echo state-level restrictions on a national scale. But according to cannabis […]

Brazil postpones evaluation of CBD formulation for medical coverage

A version of this story originally appeared at Marijuana Business Daily International. A government evaluation to include a CBD product in Brazil’s Public Health System has been postponed. Brazil’s National Committee for Health Technology Incorporation had been scheduled to take up the question of covering the oral CBD product this week. Instead, the evaluation will […]

Tom Vilsack to be nominated as US agriculture secretary

President-elect Joe Biden will nominate a familiar hemp overseer, Tom Vilsack, for U.S. Secretary of Agriculture. Vilsack served in the same role for all eight years of the Obama administration and oversaw the USDA during passage and implementation of the 2014 Farm Bill, which allowed states to experiment with hemp production. Vilsack, an Iowan, was […]

Study: CBD oil could extend strawberries’ shelf life

University of South Florida researchers say CBD oil applied to strawberries can extend the fruit’s shelf life, potentially opening a new commercial end use for the hemp extract. A new study published in Postharvest Biology and Technology says “CBD oil has promising potential as an antimicrobial treatment to fresh produce.” USF researchers applied CBD oil […]

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