The vote marks the first time that a legislative chamber in the state has ever advanced medicinal marijuana legislation.
Medical Marijuana
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Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis, said in a news release it […]
The measure legalizes the possession of up to 3/4 of an ounce of marijuana by those age 21 or older. It also allows for adults to home cultivate up to three mature marijuana pants and/or to possess up to five grams of hashish, and up to 300mg of cannabis-infused products.
A major fruit and vegetable processor is entering the market for smokable hemp flower, converting a former pear and apple cannery in Washington state to hemp drying. Seneca Foods, a Nasdaq-listed (SENEA) company that processes fruits and vegetables from more than 2,000 farms across the U.S., said it has acquired a 49% stake in CraftAg, a […]
Former Clorox and Burt’s Bees executive Phoebe Leppla is joining Open Book Extracts to lead the company’s product development efforts. Leppla previously led research and development teams at Burt’s Bees, and she spent a decade at The Clorox Co. before that. There, she specialized in “product innovation in cleaning, wellness, beauty and personal care,” Open […]
Farmers feeling the effects of an oversupply of hemp for CBD are looking to minor cannabinoid production as another option to make the kind of profit margins they thought they would see from entering the hemp space. More hemp plant breeders are offering genetics for CBG production in 2020, while others are working to select […]
One of the top U.S greenhouses for ornamental plants plans to partner exclusively with Colorado-based hemp seed production company Front Range Biosciences. Coastal Greenhouses, which has six facilities in four states on the East Coast, joins a movement of ornamentals greenhouses that have shifted to the hemp market amid decreasing profit margins and other market pressures. Under […]
A major hemp processor based in Pittsburgh has folded, following the collapse of hemp and CBD market prices. Commonwealth Alternative Medicinal Options (CAMO) closed its 45,000-square-foot CBD processing facility on Monday, leaving a hole in the local supply chain, according to The Tribune-Review. Pennsylvania licensed 324 hemp farmers, who produced the crop on 4,000 acres […]
Another Big Agriculture company has acknowledged engaging in lobbying activity on behalf of industrial hemp. Syngenta AG, a major player in global agriculture with agronomic interests from plant breeding to crop protection, said it is monitoring industrial hemp regulations. Company officials say they are especially interested in the U.S. Environmental Protection Agency granting registrations for […]
It’s been three years and counting but President Trump is once again threatening to derail the progress we’ve made in reforming marijuana laws across this country. The latest offense is his recently released 2021 federal budget proposes slashing all legal protection for state medical marijuana programs and potentially jeopardizing the patients that rely on them.
