California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, is ratcheting back its hemp revenue predictions. The company told investors Friday that it’s retracting its 2020 hemp revenue guidance of $25 million. The announcement came as the firm announced it will miss this quarter’s revenue estimates. The company cited a “slower-than-anticipated rollout […]
Senate lawmakers voted by a margin of two-to-one yesterday to advance legislation that seeks to provide patients with access to select medical cannabis products.
Georgia has federal approval to oversee hemp production in 2020 and is planning to start taking applications later this month. But the state has yet to settle how it plans to pay for its hemp program. Georgia’s hemp plan cleared the U.S. Department of Agriculture last week, an approval states need in order to have […]
Three men who run a CBD shop in southwestern Germany are under investigation for violating the country’s controlled substances law. The men, all 28, are accused of illicitly producing narcotics and selling the products online and in their retail store in the city of Tübingen, state prosecutors and police said in a joint statement. Authorities suspected that […]
Coming in hot at the end of the legislative session, state lawmakers in South Dakota sent an industrial hemp bill to Gov. Kristi Noem to sign after clearing the proposal to legalize hemp production and develop a state plan on Thursday. Noem has indicated she will sign the bill, which includes the $3.5 million budget […]
Hemp advocates and food-safety regulators in Germany are at loggerheads over whether all forms of cannabinoids require additional scrutiny before they can be sold in foods and drinks. The dispute came to a head last week when the European Industrial Hemp Association released a statement that the German government agrees that foods containing hemp-derived CBD aren’t […]
Idaho lawmakers defeated a measure that would have legalized hemp, leaving the state as one of three in the country that don’t allow the crop. The measure was voted down in a House committee Wednesday, The Lewiston Tribune reported. Some opponents said the change could lead to marijuana legalization, while others argued that Idaho should not participate […]
The European Commission has received 45 applications for novel food authorization for CBD-containing products since December 2018, Hemp Industry Daily has learned. The applications have chiefly come from the Netherlands, the UK, Czech Republic, Slovenia, Switzerland and the United States, a commission source said. CBD products in the European Union have been in murky legal […]
On March 12th, the House Veterans Affairs Committee (HVAC) passed two separate pieces of legislation pertaining to cannabis policy.
(Editor’s note: This is part of an occasional series on California’s hemp industry. To read the previous installment, click here.) California hemp and CBD producers were hoping for speedy action this year on a long-debated proposal to clear a path for hemp extracts in foods and drinks. But old disagreements between hemp and marijuana interests in […]
