Hemp businesses won’t benefit directly from the $150 million raised by a special-purpose acquisition company that was initially established in hopes of investing in and further developing the U.S. hemp market. But a deal was made in the spirit of aligning the industry with large manufacturers in the future, according to Geoff Whaling, president of […]
Regulators in Australia have amended the country’s drug law and removed a prescription requirement for some CBD products, paving the way for greater consumer access but saddling CBD makers with efficacy requirements that threaten to create barriers to market entry. The Therapeutic Goods Administration (TGA) said Tuesday it was amending the country’s Poisons Standard to […]
The research arm of the U.S. Department of Justice has awarded $350,000 to a federal laboratory to develop a reliable method for measuring THC levels to distinguish industrial hemp from marijuana. The 2018 Farm Bill allowed the cultivation of industrial hemp in the United States by providing a threshold of 0.3% THC for the entire […]
Wisconsin’s humidity and long winters make it a tough place to cultivate hemp, but the state’s recent history shows the plant can still grow in abundance. Decades of cannabis prohibition, however, means farmers are having to relearn how to grow the crop and which cultivars are best suited for Wisconsin’s climate. This was the state’s […]
NORTH LITTLE ROCK, Arkansas (December 11, 2020) – Since he founded his business, Ryan Croy, co-founder of Honcho & Hoss, CBD for the Everyman, has gone through three credit card processors – not by his choice. “One pulled the plug on me over the weekend. One said they’d process but bailed before we ever got […]
Massachusetts’ governor has agreed to allow marijuana dispensaries to sell hemp and hemp-derived products grown and manufactured in the state. The change makes Massachusetts the latest to open up marijuana dispensaries to hemp operators and gives Massachusetts’ 79 farmers and 19 hemp processors their first route to selling CBD in foods, drinks and dietary supplements. […]
The Supreme Court of Mexico has again extended the deadline for legislators to comply with a mandate to legalize industrial hemp and adult-use marijuana. Congress can now legislate on this matter until the end of the next ordinary session period, which starts in February 2021 and ends in April. The Mexican Chamber of Deputies – […]
With consumer interest in hemp-derived CBD showing no signs of waning, a growing number of companies are looking to one particular consumer product good as a conduit for cannabidiol: coffee. Around 70% of the U.S. adult population consumes coffee in some form, and 14% of regular ground coffee drinkers who are interested in a CBD-infused […]
Arise Bioscience, a Florida-based hemp-derived CBD subsidiary of TerrAscend Corp., has received a $20 million loan from Canada’s Canopy Growth. In exchange for the loan, TerrAscend, which makes prescription cannabinoids and is headquartered in Mississauga, Ontario, has issued 2,105,718 common share purchase warrants to Canopy Growth, according to a statement announcing the deal Thursday. Canopy […]
Catch up on all the hemp analysis from the Hemp Industry Daily Forum at MJBizCon2020 here. Hemp flower growers and smokable hemp manufacturers impacted by state laws that have banned or restricted smokable hemp flower production and sales are worried that federal regulators could echo state-level restrictions on a national scale. But according to cannabis […]
