Corporate leaders in the CBD industry are increasingly coming from the consumer packaged goods universe, lending their experience and asking the hard questions to whip the nascent hemp industry into shape and navigate the enormous growth that entrepreneurs foresee in the market. Deanie Elsner joined Charlotte’s Web as CEO last year, bringing with her more […]
U.S. hemp producers have been scraping together a supply chain of processing and retail since 2014, and the work isn’t done. But the industry needs to work together to protect the supply chain even as it’s developing, said Chad Rosen, CEO of Victory Hemp Foods in Kentucky. Talking about the hemp grain market at Hemp […]
CBD first that captured the attention of cannabis consumers, but other cannabinoids, such as CBG and CBN, may be ready to make a splash soon. That’s according to Blake Patterson, co-founder and CEO of MarketHub Retail Services, who took audience questions during at roundtable Wednesday at the Hemp Industry Daily Conference Direct. “CBD is just the […]
A Colorado-based CBD company that sold a line of cannabidiol products at Dick’s Sporting Goods stores nationwide has filed for Chapter 11 bankruptcy protection. Myaderm, a company in Englewood, said in its June 28 bankruptcy filing that it owed creditors somewhere between $1 million and $10 million. The company estimated its assets at between $500,000 […]
(This is an abridged version of a column that appears in the July issue of Marijuana Business Magazine.) Reading the business-page headlines these days, hemp pioneers can be forgiven for chuckling at how large and esteemed industries have no idea how they’ll survive when faced with the kinds of challenges hemp entrepreneurs have been dealing […]
“Pigs get fat, hogs get slaughtered” – and that’s a good way to think about seeking out large distribution deals for smokable hemp products, according to Jackson Garth, CEO of Verde Leaf Group, an Atlanta-based vertically integrated hemp operator. Garth told entrepreneurs at the Hemp Industry Daily Conference Direct what he meant by that idiom […]
Retired Marine fighter pilot Amy McGrath is the Democratic Party’s choice to challenge Republican incumbent Sen. Mitch McConnell this November. The Associated Press on Tuesday afternoon called the race for McGrath over state Rep. Charles Booker, one week after Kentucky’s U.S. Senate primary election. The call came as absentee ballots were being counted. McConnell, the […]
CBD’s surge in popularity over the last few years was a surprise to the hemp industry, which first envisioned other uses for the plant, including fuel and fiber for textiles, according to a Denver-based attorney. “Laws are shaped by the products and activities we envision,” Andrew Livingston, director of economics and research at the law […]
The World Health Organization’s proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a United Nations narcotics convention could be difficult to enforce, a U.N. monitoring body has said. The International Narcotics Control Board said authorities in some countries may lack the lab technology or manpower to […]
Officials from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued guidance Monday to address banks’ questions about servicing hemp-related business customers. The guidance reminds banks that filing Suspicious Activity Reports (SARs) is not necessary when working with hemp businesses because hemp is federally legal and no longer listed as a controlled substance. FinCEN […]
