Business partners involved with an Oregon hemp farm are taking a former partner to court over allegations he stole from the farm to make and sell CBD oil worth more than $500,000. Bakers Ranch Botanicals in Deschutes County, Oregon, filed a lawsuit seeking $950,000 in damages against Michael Schook and corporate entities affiliated with Schook […]
California has lagged behind other states in passing hemp policy. That could change in the next month. A pair of long-debated hemp and CBD proposals are awaiting California lawmakers when they return from their summer recess on Monday. At stake is the future of the hemp industry in the nation’s largest agricultural state. The state […]
Cronos Group, a Toronto-based marijuana company, predicts CBD customers in the United States will be the “largest contributor” to its sales over the next couple of years. But company executives cautioned investors that it’s “too early to speculate” on how big the European market for CBD will become. The comments came as Cronos released its […]
We often hear from acquirers and company owners alike in cannabis sectors that the times we are living in now are like “the first years after Prohibition in 1933.” The implication is that hemp and marijuana versions of Anheuser-Busch, Coors and Seagram are being formed now, and it won’t be long before products will start […]
Though Wyoming farmers can’t yet grow hemp, the state says its lab to test the crop for THC is almost ready. Wyoming Gov. Mark Gordon and the state Department of Agriculture sent an update this week to would-be hemp farmers reminding them that production remains illegal until federal agriculture authorities set national rules, then approve Wyoming’s […]
Members of NAACP Denver and Minorities for Medical Marijuana join forces to address the lack of diversity and need for social equity within the marijuana industry.
A Nebraska farm equipment manufacturer and dealer who was denied a license to grow hemp in 2019 is suing the state Department of Agriculture and its director. Jacob Bish, head of public relations at Giltner-based Bish Enterprises and Hemp Harvest Works, was one of 176 applicants seeking to grow hemp this year, the first of […]
Strong patient interest in the only federally approved CBD product in the United States helped drugmaker GW Pharmaceuticals record $72 million in revenue last quarter. Epidiolex, a seizure control drug approved by the U.S. Food and Drug Administration, has seen brisk sales and new patient enrollments since the drug’s launch last November. GW Pharma (Nasdaq: GWPH) reported that […]
(This is an abridged version of a story that appears on the Marijuana Business Daily International website.) The first CBD products exported from Colombia to the United Kingdom soon will be available for sale in the U.K. and other European Union countries, Bogota-based Clever Leaves announced. The health-related products, which were exported as a food supplement, reached London’s Heathrow Airport […]
Work has begun on creating the nation’s only hempseed bank in New York’s Finger Lakes region. The Industrial Hemp Germplasm Repository will be established at Cornell University’s agricultural research facility in Geneva. U.S. Senate Minority Leader Chuck Schumer of New York announced the launch of the new facility, saying he worked to secure $500,000 in […]
