A Canadian hemp company has bought a 5 percent ownership stake in a German hemp company with an outdoor growing operation of more than 1,200 acres. EuroLife Brands, based in Toronto, said it is issuing 500,000 common shares valued at $250,000 and a cash payment of $35,000 for its initial stake in Farmhus GmbH. As […]
A north Texas town courting a new hemp decortication facility has authorized $2.8 million worth of incentives to lure Panda Biotech to its town. Wichita Falls officials say the potential processing site could draw some $90 million in investment from Panda Biotech and employ up to 50 people, the Wichita Falls Times Record reported. The […]
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Derek Du Chesne is president of Exactus Hemp.) Let’s face it – the hemp industry is dealing with a huge problem, and it’s hurting everyone in the industry, especially growers and processors. The problem in question […]
A Canadian MJ company planning to start hemp production, Pac Roots Cannabis Corp., has settled a joint venture in British Columbia in time to grow and sell hemp products in 2020. Pac Roots announced the joint venture with privately-held Rock Creek Farms on Tuesday. The new company is called the Outdoor Premium Hemp Joint Venture […]
Vancouver, British Columbia-based Future Farm Technologies says it has finished its consolidation with High Purity Natural Products, a Southbridge, Massachusetts, company that makes white-label CBD and hand sanitizer. Canadian cannabis firm acquires CBD-producing Mass. company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Mexico’s path toward legalizing hemp and marijuana has been a bumpy one spanning three years now, starting with a law authorizing the medicinal use of cannabis under 1% THC content. Since then, the federal agency responsible for issuing guidance for using medical marijuana published its rules on October 30, 2018 – but revoked them five […]
A hemp deliveryman charged with drug crimes in South Dakota after a 2019 traffic stop has agreed to fines and probation on related charges even as officials dismissed accusations that the 300 pounds of hemp he was driving to Colorado to Minnesota was illegal marijuana. The driver pleaded guilty last week to ingesting marijuana and […]
Hemp isn’t a bust, despite the industry’s growing pains and all the headlines in the mainstream media that suggest otherwise. That’s the message Kristen Nichols, the editor of Hemp Industry Daily, had for entrepreneurs at the Hemp Industry Daily Conference Direct. “Everyone expected this industry to mature very quickly, but we saw a lot of […]
A Colombian company has inked a deal to put its CBD skincare product line on the shelves of hundreds of drug stores across Spain. Khiron Life Sciences reached the deal with cosmetics distributor Red Yellow Red to bring its Kuida CBD product line to 2,350 stores across four distributor groups, according to a statement released […]
The Hemp Industries Association has named former marijuana activist Jody McGinness as its new executive director. After a months-long search with nearly 100 qualified candidates, the national hemp association selected McGinness, a veteran association executive in the non-profit sector. McGinness last served as the head of fundraising for the Marijuana Policy Project, which advocates for […]
