Virginia Gov. Ralph Northam said a hemp company is investing more than $3 million to build the state’s first large-scale processing facility for extracting CBD oil. BRD Extraction, LLC will be located in the town of South Boston in Halifax County and will do business as Blue Ribbon Extraction. Northam said Thursday the company will […]
Canadian hemp company Sweet Earth Holdings Corp. has named former politician Amrik Virk as its new president. The company said in a news release that Virk will also be joining the board of Sweet Earth. Virk has previously held senior positions in Canadian government, including Minister of Advanced Education and most recently Minister of Technology […]
U.S. farmers are planting less hemp than they did last year due to regulatory uncertainty, a surplus of hemp flower and biomass held over from 2019 and continuously falling wholesale prices. As of Thursday, licensed total hemp acreage to date has reached 465,787 acres for the 2020 production season, with 47 state departments of agriculture […]
Florida agriculture officials say they’re finding elevated lead levels in some hemp products on store shelves and have alerted federal agencies. The state’s hemp czar, Holly Bell, told the Florida Hemp Advisory Committee this week that random bottled samples that were pulled from stores showed “a toxic-waste-level concentration” of lead, WFSU reported. The federal limit […]
Hemp-derived CBD companies increasingly face class-action claims by consumers and stockholders, driven by industry growth, product claims, regulatory uncertainties and preventable mistakes by the companies themselves. Companies can reduce their exposure by being more transparent and forthright when disclosing their financials, the potential of their products and other relevant information, legal experts say. A U.S. […]
A global giant in generic drugs manufacturing is expanding into the CBD market through a new partnership with Colorado CBD manufacturer Kazmira LLC. Perrigo Co., based in Dublin, Ireland, has invested $50 million for a 20% equity stake in Kazmira, located just east of Denver in Watkins, Colorado. The deal calls for Perrigo to pay […]
Authorities across Europe have listed 114 products containing CBD in the European Union’s food-safety alert system since the start of last year, with data indicating that some countries are policing novel-food violations more frequently than others. The listing of cannabidiol, THC and hemp-derived products in the EU’s Rapid Alert System for Food and Feed (RASFF) […]
A group of hemp growers and processors in New York is calling on the state Department of Health to release regulations so that hemp and CBD businesses can make business decisions. According to a letter from the New York Cannabis Growers and Processors Association to state health regulators, legislation regulating hemp in New York State […]
The first tobacco company to joing the hemp and marijuana industries has filed for bankruptcy protection. Pyxus International Inc., one of the world’s largest tobacco suppliers, was hard hit by declining tobacco consumption and coronavirus-sparked supply disruptions. The company also grows hemp in the U.S. and marijuana in Canada. Based in Morrisville, North Carolina, Pyxus […]
Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head of the European Industrial Hemp Association […]
