A Kentucky hemp producer has secured a sizable loan to help grow its business in 2020. AgTech Scientific, a privately held hemp and CBD company in Paris, Kentucky, said it has closed a $30 million business loan with Truist Financial, a Charlotte, North Carolina-based bank holding company formerly known as BB&T. “We are honored to […]
The legal battle between the U.S. arm of Canadian cannabis giant Canopy Growth and a Nevada-based hemp producer appears to be over. Canopy filed notice that it is dropping its lawsuit accusing Go Farm Hemp of squandering a $12 million advance to grow hemp. Canopy’s filing to dismiss came a month after Go Farm Hemp’s […]
In 2020, one in five lots of hemp will need to be destroyed because the plants exceed the legal THC limit, according to new estimates from the U.S. Department of Agriculture (USDA). These USDA estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp […]
New York prosecutors have dropped criminal charges against a CBD retailer who tried to pick up a shipment of hemp biomass from Vermont. But authorities have not yet returned the hemp to Green Angel CBD. Ronen Levy was facing marijuana charges by the Brooklyn District Attorney’s Office over Green Angel’s November shipment of 106 pounds of hemp […]
Have a sales plan. Consider hemp markets beyond the flower. And get ready for a bumpy ride. Those were among the many business takeaways from the 2019 Hemp Industry Daily Forum on Tuesday at the Las Vegas Convention Center during MJBizCon Week. The forum drew more than 500 entrepreneurs from all sectors of the hemp supply […]
Maine currently holds the record for taking the longest to roll out its marijuana retail program. What happened in the Pine Tree State, and how can the next states to legalize avoid what went down there?
U.S. hemp sales might exceed $25 million in 2020 and surpass $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA). These estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp & CBD Businesses.” The free report, released […]
New York Gov. Andrew Cuomo signed a bill into law Monday that sets up a regulatory framework for the production and sale of hemp and hemp extracts in the state. According to a statement from the governor’s office, the new law also requires hemp businesses to test and properly label products to safeguard consumers. The […]
Many farmers sold hemp biomass for under the set floor price of $1 per CBD point during the International Hemp Auction and Market in Franklin, Tennessee, in late November. (Photo courtesy of Casey Flippo) Optimism around a three-day hemp auction in Tennessee turned to disappointment when producers found way more sellers than buyers, driving prices […]
(This is an abridged version of a story that appears at Marijuana Business Daily.) A company in Brazil successfully appealed to a court for permission to cultivate hemp on the same day that the Brazilian government decided against creating rules to allow domestic cultivation. The decision could spur other hemp companies to turn to the judicial system […]
