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 […]

Massages and coffee trucks: How CBD brands use experiential marketing to drive brand awareness

(This is an abridged version of a story that appears in the January issue of Marijuana Business Magazine.) Looking to stand out in a sea of competition, CBD companies are committing themselves to experiential strategies to create memorable experiences for consumers. One manufacturer, Stratos, hosted a partners’ massage class designed to promote its CBD-infused salves. During […]

As USDA comments close, 30 states face law changes, group warns

As the U.S. Department of Agriculture (USDA) closes an extended public-comment period on its national hemp regulations Wednesday, the agency’s state-level counterparts are warning that the young industry will be harmed if changes aren’t made. The National Association of State Departments of Agriculture wrote in an open letter that the interim final rule released by […]

Sale of hemp tea in Germany leads to probation for store owners

A German court has sentenced the operators of hemp retail shop Hanfbar to several months on probation for selling hemp tea. The judge ruled that the tea is banned by the Germany Narcotics Law, Braunschweiger Zeitung reported. Business partners Marcel Kaine and Bardia Hatefi will serve nine and seven months on probation, respectively, for selling hemp flower […]

NORML Releases 2020 Gubernatorial Scorecard

NORML has released its 2020 Gubernatorial Scorecard. This extensive database assigns a letter grade ‘A’ through ‘F’ to states’ governors based upon their comments and voting records in 2019 specific to matters of marijuana policy.

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