Officials in Texas have certified that the code banning the retail sale and distribution of smokable hemp products has been approved and becomes effective Aug. 2. The disputed measure, part of a larger hemp law signed by Gov. Greg Abbott last summer, enforces a ban on the manufacture, processing, distribution, or retail sale of consumable […]
A drug delivery and development company in California with ambitions of entering the CBD consumer products market has made a $20 million offer to buy a CBD beauty and pet product company. Oxnard-based CURE Pharmaceutical said Tuesday it had reached an agreement with Los Angeles-based Sera Labs to acquire 100% of the privately owned company […]
(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) Filing for bankruptcy protection isn’t an ideal destination for any company. However, the stigma around it has been significantly lessened in recent years—especially in an industry as tumultuous as hemp, according to Bill Hilliard, CEO of Winchester, […]
“One unanticipated effect of the COVID-19 pandemic has been the growth acceleration of legal cannabis markets (and erosion of the illicit markets) in those states which have activated both medical and adult-use sales.”
The post States Experience Record Surge in Retail Marijuana Sales appeared first on NORML.
Federal agriculture authorities have awarded $200,000 to a West Virginia University professor to study what leads to inconsistent levels of THC in hemp plants, sometimes above what’s legal. Michael Gutensohn, an assistant professor of horticulture will be collaborating with two former WVU faculty members for the project, which includes seeing what genetics and environmental factors […]
Paraguay’s Ministry of Agriculture says marketing hemp products in the country could start as soon as December, with the help of a government program. The announcement came recently after Moises Bertoni Hicar, a deputy in the ministry, met with the Association of Roseño Producers, a group that represents 164 growers, Hemp Today reported Monday. Last […]
(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) In a recession, there are bound to be business casualties—particularly in a high-risk, nascent industry such as hemp. Hemp companies have experienced a perfect storm of obstacles since legalization in late 2018—an uncertain regulatory environment, overproduction in […]
Proponents of building a stronger hemp industry in Hawaii are hoping the crop will restore the island state’s deep agricultural tradition after the departure of sugar and pineapple crops left tens of thousands of acres fallow. Since 1980, Hawaii’s total land use for agricultural production has fallen from more than 350,000 to 30,000 acres after […]
CPLANT, a hemp producer in Uruguay, has successfully sent half a ton of low-THC hemp flower to Switzerland via Germany, shipping what appears to be the South American country’s first major commercial export of CBD biomass to Europe. The shipments of 442 kilograms of low-THC flower were sent on July 17 at a listed price […]
Australia has exported its first shipment of hemp seeds to New Zealand. The export was made possible because the Australian government recently passed legislation to ease regulations on trade, Business News Australia reported Friday, but did not say how much was exported or when. Australian Minister of Agriculture David Littleproud said the federal government will […]
