The annual revenues related to medical cannabis now totals more than the total revenues generated by the sales of blueberries, maple syrup, apples, herring, and oysters combined.
Medical Marijuana
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Dozens of employees have been laid off from an Oregon-based CBD company that launched less than five months ago, according to a newspaper report. Between 30 and 40 workers lost their jobs at Sentia Wellness, according to Oregonian sources. The company did not release an exact number. Located in Portland, Sentia Wellness had 150 employees and […]
Kristen Nichols is the editor of Hemp Industry Daily. (This is an abridged version of a column that appears in the February issue of Marijuana Business Magazine.) Sometimes the most basic advice is the hardest to follow. Floss every day! Save more for retirement! The list goes on. … Politicians are no different. And neither, it seems, is […]
Beauty retailer Sephora has released a set of baseline standards for CBD-infused products it will carry as the high-end cosmetics store adds a fourth line of hemp-derived CBD topicals to store shelves. The Sephora CBD standards require that CBD products it sells: Include only full-spectrum or broad-spectrum CBD extracts, not isolate. Source the CBD from […]
USDA Secretary Sonny Perdue addresses the nation’s state agriculture departments on Wednesday, Feb. 26, 2020 (Photo courtesy USDA) Federal agriculture officials are dropping the requirement that all THC testing on hemp crops must be performed at laboratories registered with the U.S. Drug Enforcement Administration (DEA), according to industry sources. And food and drug regulators say […]
The legislation establishes rules and regulations governing a commercial cannabis industry in the state.
First-time hemp farmers learned hard lessons about the cost of doing business in 2019, when many grew the crop on speculation, without harvest plans or contracts in place. Promised they could make upwards of $50,000 per acre, farmers looking for a reprieve from low crop prices and foreign tariffs rushed into planting and growing the […]
Virginia lawmakers have sent Gov. Ralph Northam a proposal allowing people 21 and older to smoke hemp. The bill, sponsored by Republican Delegate Danny Marshall, passed both chambers of the Legislature on Monday. Growing and cultivating hemp is legal under federal law, and farmers in Marshall’s district have embraced the new crop. But the Danville […]
Colorado CBD maker Veritas Farms hired a former U.S. Food and Drug Administration official to help the company research and develop new products. Daniel Connors was an analytical chemist for the FDA, where he worked to maintain the safety of the nation’s food and medical supply, Veritas said in a news release Tuesday. His work at […]
Georgia-Pacific, a giant in the paper-manufacturing industry, is partnering with a Canadian firm that uses hemp-based fibers for a variety of nonwoven products. Victoria, British Columbia-based Bast Fibre Technologies announced the agreement with Georgia-Pacific on Tuesday. BFT makes baby wipes and other personal-care fiber products. The company said the agreement involves a suite of patents for […]
