Embattled CBD exec says PPP loan was returned, jet bought with personal money

The CEO of a failed CBD company accused by investors of misspending funds and getting a bogus coronavirus-relief loan says the loan has been returned and that credit-card expenses challenged by disgruntled investors were for legitimate business purposes. Patrick Horsman, whose company Integrated CBD launched in Arizona but failed earlier this year, told Hemp Industry […]

Report: NFL players’ union warns members not to endorse CBD products

The NFL Players Association has updated its policy to discourage athletes from endorsing products that contain CBD or other cannabinoids. The NFLPA wrote in an email sent last Thursday that its Commercial Substances Policies and Endorsements section has been updated to read: “NFL players, coaches, and other employees must not endorse or appear in advertisements […]

Time running out to weigh in on DEA rule about hemp extracts

Time is running out for public comment on a proposed U.S. Drug Enforcement Administration rule that hemp industry supporters say wrongly criminalizes extracts from the plant. The comment period for the rule over the federal agency published August ends Tuesday. At issue is whether the DEA is simply updating its policies to comply with the 2018 Farm Bill, […]

Federal agency says USDA's hemp rules “stifle” industry growth and hurt small businesses

The federal Small Business Administration (SBA) is calling on the U.S. Department of Agriculture (USDA) to make a series of changes to its proposed hemp rules that in their current form threaten to “stifle” the newly legal industry. The agency’s independent Office of Advocacy said that while it appreciates that USDA reopened a public comment […]

New $102 million equity fund targets science, tech hemp and MJ businesses

Pennsylvania-based Intrinsic Capital Partners says it raised $102 million in a fund that will invest in science and technology businesses focused on the legal hemp and marijuana industries. “We believe this is … a rare opportunity to invest in a space where there’s tremendous underlying demand, a strong industrywide growth profile and scarcity of capital,” […]

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