Hemp Businesses Can Bank with Credit Unions, Regulatory Agency Says

A federal financial agency released updated guidelines on banking in the hemp industry on Aug. 19, 2019, following up on requests from lawmakers to provide clarity on the issue. The National Credit Union Administration (NCUA) said in its interim guidance that providing banking services to hemp businesses is allowable since the crop and its derivatives […]

DPA Analysis of 2018 National Survey of Drug Use and Health (NSDUH)

New York, NY – Below is analysis from Sheila Vakharia, PhD, Deputy Director of the Drug Policy Alliance’s Department of Research and Academic Engagement, in response to the 2018 National Survey of Drug Use and Health released today by SAMHSA. Among the findings: Youth rates of marijuana use remain mostly unchanged in recent years, while […]

Credit union regulator reminds banks hemp businesses can be served – with caution

Hemp businesses should have access to banking services, a top banking regulator reiterated this week amid ongoing complaints about banking and credit challenges in the newly legal industry. The National Credit Union Association (NCUA), an independent federal agency that oversees and insures banking deposits for more than 100 million U.S. account holders, released a statement Monday […]

Hemp Industry Daily seeks industry input for annual business survey

Hemp Industry Daily has launched its second annual survey of hemp industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives of hemp operations – from growers and processors to retailers, as well as investors funding hemp […]

North Dakota retailer prevails in drug case over selling CBD vapes

A North Dakota vape shop owner who sells CBD has succeeded in getting criminal drug charges against him dismissed, after a two-year battle that went to his state’s Supreme Court. The retailer, Falesteni A. Abu Hamda, was charged with seven drug crimes in 2017, when police seized CBD vape pens and gummy bears from two of his Tobacco Depot shops. Hamda argued […]

USDA: National THC test for hemp ‘as challenging as you think it is’

Federal agriculture authorities are struggling to craft a nationwide THC testing standard so that state and local regulators can tell hemp from marijuana, complicating the release of standardized production rules, according to an official with the U.S. Department of Agriculture. William Richmond William Richmond, head of the Specialty Crops Program in the USDA’s Agricultural Marketing […]

CBD manufacturers RE Botanicals and Palmetto Harmony merge

CBD manufacturers in the Southeast and Mountain West are merging to increase market penetration and align production. RE Botanicals of Boulder, Colorado, and Palmetto Harmony of Conway, South Carolina, announced the merger Monday. The new company is called RE Botanicals, though Palmetto Harmony will remain a brand name of CBD capsules, tinctures, topicals, vape oils […]

MI creates emergency hemp testing rules while states await USDA direction

Michigan regulators have adopted rules that create testing standards for farmers’ first crop of industrial hemp. A pilot program was launched this year allowing for the growing and processing of hemp in the state. The Michigan Department of Agriculture and Rural Development (MDARD) announced emergency rules that establish sampling and analytical testing methods for measuring […]

Beyond the Dispensary: 5 strategies CBD brands use to make deals with mainstream retailers

(First in an occasional series on the challenges and opportunities faced by CBD companies in getting their products to market.) Mainstream retailers are contributing to the validation of the CBD category as national store chains continue to join the movement, driven by consumer demand and interest. The trend snowballed when national pharmacy chain CVS announced […]

1 2 3 87
Right Menu Icon