EU Commission revises stance on WHO cannabis scheduling vote as it leans toward CBD as a narcotic

The executive branch of the European Union is changing its stance on how EU countries should vote on the World Health Organization’s cannabis scheduling changes in December, Hemp Industry Daily has learned. The development comes on the heels of the European Commission announcing its preliminary view that CBD extracted from the flowering tops of the […]

SEC complaint: 400 investors defrauded of $25M for supposed marijuana farm, CBD extraction facility

The U.S. Securities and Exchange Commission is accusing six individuals of fraudulently raising $25 million from 400 investors for a part in a supposed marijuana farm and CBD extraction facility. The money was raised from people across the country between September 2017 and February 2019, according to the complaint filed Tuesday in California federal court. […]

EPA funding hemp-pulping research in California

A project to make the process of extracting cellulose fibers from hemp more sustainable is getting a fresh round of funding from the U.S. Environmental Protection Agency. Researchers at the University of California, Riverside, are working on new methods of pulping hemp plants to delignify hemp stalks without leaving behind toxic chemicals known as “black […]

Looking to expand retail footprint, CV Sciences launches non-CBD products

California CBD manufacturer CV Sciences is starting a line of non-CBD products in an attempt to expand to more stores. The San Diego-based company announced Wednesday it was launching “CV Acute,” a line of dietary supplements than don’t contain any cannabis-derived ingredients. It’s the first of several products expected to be released as part of […]

Tough Fiber: Hemp making (slow) inroads to the textile market

Background from heat-insulating natural hemp material, construction, eco concept, top view, copy space (This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) Attentive shoppers walking through a Macy’s department store last winter might have spotted a rarity in the bedding department: hemp sheets, advertised as being 100% made […]

Texas smokable hemp ban takes effect next week

Officials in Texas have certified that the code banning the retail sale and distribution of smokable hemp products has been approved and becomes effective Aug. 2. The disputed measure, part of a larger hemp law signed by Gov. Greg Abbott last summer, enforces a ban on the manufacture, processing, distribution, or retail sale of consumable […]

Bankruptcy lessons learned from a Kentucky hemp pioneer

(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) Filing for bankruptcy protection isn’t an ideal destination for any company. However, the stigma around it has been significantly lessened in recent years—especially in an industry as tumultuous as hemp, according to Bill Hilliard, CEO of Winchester, […]

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