Embattled Pennsylvania hemp processor ordered to close

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. […]

Hemp banking gets a boost as four federal agencies remove red tape for new crop

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 […]

EXCLUSIVE: Why a major vegetable producer has reason for optimism in its hemp expansion

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 […]

Greed, backstabbing and ‘Frankenstein contracts’ in the hemp landscape: Q&A with cannabis attorney Lisa Pittman

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 […]

Key US senator wants USDA to extend hemp rule comment period

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 […]

USDA, DOJ in talks about real-time hemp certification to ease transport

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. […]

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