Health Canada readies next steps for ‘cannabis health products’

(Editor’s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) Canada’s federal health regulator is reviewing the potential market for cannabis health products that would not require physician oversight, a review that attracted strong interest from hemp and marijuana producers interested in the […]

Oregon wholesale marijuana flower prices rise after growers exit market, some pivot to hemp

Oregon marijuana growers report wholesale flower prices are improving, which is welcome news for recreational cannabis cultivators in one of the country’s previously most oversupplied MJ markets. The changed business climate is even leading some growers to expand facilities and ramp up production. Marijuana growers in the state report wholesale flower prices per pound are […]

Hemp fiber manufacturer Sunstrand files for bankruptcy

Kentucky hemp fiber manufacturer Sunstrand has filed for bankruptcy protection in federal court. The privately held company filed for Chapter 7 bankruptcy, a type of bankruptcy sometimes called straight or liquidation bankruptcy. Based in Louisville, Sunstrand said it has between $100,001 and $500,000 in assets but owes more than $10 million. Its listed creditors include Hemp Traders, […]

Editor’s Notebook: Is a factory future inevitable for CBD?

(This is an abridged version of a column that appears in the January issue of Marijuana Business Magazine.) Buy a $4.99 bottle of Advil at any drugstore in the world, then throw the bottle in your home medicine cabinet. Or your desk at work. Maybe the glove box of your car. It doesn’t matter. You open that bottle six months later, and the Advil […]

Colorado joins hemp states giving up on USDA approval for 2020 season

Colorado is the latest hemp state to withdraw its request to win federal approval for regulating the crop in 2020. The state’s governor, attorney general and agriculture commissioner said Colorado will withdraw its application to win U.S. Department of Agriculture approval for 2020, joining several other markets that are exercising the option to use their old […]

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