A CBD retailer is worried his store could go out of business after the New York Police Department intercepted its most recent shipment of hemp, thinking it was marijuana, and arrested his brother on drug charges. Oren Levy, the owner of Green Angel CBD in Brooklyn, told Hemp Industry Daily the hemp shipment hasn’t been returned […]
A hemp manufacturing business in Southern New Mexico will get a boost from the state’s Economic Development Department. The agency said it has pledged to invest $400,000 in 420 Valley as part of a continued effort by Gov. Michelle Lujan Grisham’s administration to grow the burgeoning industry. 420 Valley plans to move into a vacant […]
A hemp drying and processing company in Pennsylvania that has received numerous complaints about its facilities, odor and lack of pay to employees has been ordered by the state to close. The Pennsylvania Department of Environmental Protection (DEP) issued an administrative order to cease operation at the Jeannette facility of Patriot Shield, The Philadelphia Enquirer reported. […]
After a seasonlong struggle associated with banking and financing their operations, hemp farmers and businesses can exhale now that federal and state financial institutions have loosened reporting restrictions on hemp banking and issued guidance to members. The Federal Reserve Board, the Federal Deposit Insurance Corp., the Financial Crimes Enforcement Network (FinCEN) and the Office of […]
A Canadian greenhouse vegetable producer making an expansion into hemp is one of the few companies in the marijuana and hemp industries with a positive consensus earnings estimate for 2019. In this exclusive examination from the Investor Intelligence team at Marijuana Business Daily, analysts note that Village Farms International (Nasdaq: VFF; TSX: VFF) has the […]
Researchers reported: “For the first time, we show a statistically significant negative association between recreational access to cannabis and OTC sleep aid sales.”
Hemp might be legal now, but more and more hemp companies are finding themselves in court. That’s because the booming industry has attracted a mix of new entrepreneurs and get-rich-quick scam artists looking to take advantage of a new market with few established players. Making matters more complicated for hemp businesses is the fact that many […]
The top Democratic official in the U.S. Senate is calling on federal agriculture regulators to allow more time for hemp industry stakeholders to have their voices heard regarding hemp production regulations. Sen. Chuck Schumer of New York sent a letter to U.S. Agriculture Secretary Sonny Perdue urging the U.S. Department of Agriculture (USDA) to extend […]
Producers who want to grow hemp in 2020 but live in a state that does not currently have a program can now apply for federal licenses. The U.S. Department of Agriculture’s Agricultural Marketing Service is accepting license applications from producers whose states or tribes do not submit plans for approval. The agency issued hemp rules […]
The U.S. Department of Agriculture (USDA) is talking about getting real-time hemp information to law enforcement authorities in order to ease interstate hemp shipments. An information-sharing platform with the U.S. Department of Justice (DOJ) could provide “some level of solution” that shipments are legal hemp and not illegal marijuana, according to USDA attorney Mai Dinh. […]
