A group of investors says a Canadian cannabis producer misled them when it said it was acquiring a UK-based agricultural company that could “almost immediately” start exporting hemp and CBD products to the European Union. Afederal lawsuit filed in New York Thursday alleges that the representations Sundial Growers, Inc. made on January 2019 were “grossly […]
If you’re a hemp farmer who is sitting on flower and biomass produced in 2019, you aren’t alone, says Casey Flippo, CEO of Little Rock, Arkansas-based hemp extraction firm Natvana LLC. Because the hemp market, which already had been seeing a shortage of processors and extraction facilities, is seeing more of these firms going offline […]
A Toronto-based biopharmaceutical cannabinoid company is exporting 1oo,000 hemp seeds to Denver from Colombia through a subsidiary there. The first seeds were exported Thursday, according to Avicanna CEO Aras Azadian. Avicanna develops, manufactures and sells plant-derived cannabanoid-based products. Exporting all the seeds will be completed in the next two weeks. The Colombian government said that […]
A CBD and hemp-oil manufacturer in Colorado has plans to buy a cannabis-growing operation in Switzerland. CBD of Denver expects to close on the purchase of CBDWelt24 GmbH and its two hemp cultivation facilities in Switzerland by the end May. The purchase price was not disclosed. According to a statement released on Wednesday, CBDWelt24‘s annual revenue […]
Iconic cannabis magazine High Times has tapped Peter Horvath, former CEO of a nationwide CBD retailer, to lead its pivot into marijuana retail. High Times Holding Corp. announced the appointment Wednesday, less than two months after he left Ohio-based retailer Green Growth Brands. The departure came as the company sold off most of its nationwide chain […]
With time ticking down for CBD manufacturers to meet the UK’s deadline for having a validated EU novel food application in hand, two European hemp associations are pooling resources to meet the application’s requirements. The assistance on offer from the European Industrial Hemp Association in Germany and the Association for the Cannabinoid Industry in the […]
The CBD market has attracted plenty of entrepreneurs, despite the nascent industry’s wild ride so far. Running a business won’t always go smoothly, but you can learn how to navigate uncertain times, whether it’s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily’s live webcast, “Starting a CBD Business During a Time […]
Federal agriculture officials have released new loan guidance for direct and guaranteed loans for hemp producers and to ensure the new commodity is recognized as legal through the U.S. Department of Agriculture’s Farm Service Agency. “While it’s understood that this new commodity will likely produce some servicing challenges because of state and federal regulations, it […]
A former executive from FedEx and Hilton Worldwide will lead a new Tennessee CBD startup, called Hemp2Lab. Hemp2Lab’s 10,000-square-foot production facility in Rossville is about five to six weeks from opening, according to the Daily Memphian. The CBD the company makes will be sold in products with the lifestyle brand Easyriders, under a new licensing […]
Hemp plants in a hurry? There’s a hack for that. Hemp can get off to a stronger and faster start in farmers’ fields if it’s been properly germinated or rooted as young plants, greenhouse operators say. Growers can choose from a number of young plant inputs, based on their farms’ needs, and there is no […]
