CBD manufacturing in New York continues to heat up with at least two hemp companies announcing plans for extraction facilities to compete with huge manufacturing investments expected from out of state. The new factories – one in a former newspaper printing plant near Binghamton and the Pennsylvania border, the other in a former U.S. Postal […]
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2018 Farm Bill Report
The hemp industry experienced a seismic shift with the passage of the 2018 Farm Bill: Cultivation of hemp is now federally legal, and so is hemp-derived CBD. Hemp Industry Daily breaks down the new rules for you in our SPECIAL REPORT on the future state of the industry, 2018 Farm Bill: What’s Next for Hemp?
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Interstate hemp commerce under fire despite Farm Bill assurances
Hemp entrepreneurs are facing jail time and hefty legal fees for transporting the plant across state lines, despite a federal guarantee that states can’t block legal hemp transport. Massive police seizures in Idaho and Oklahoma raised questions about how state and local law enforcement are supposed to tell the difference between hemp and marijuana. Since […]
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Chart: America’s hemp acres hit almost 80,000 in 2018; Montana new leader among states
The U.S. hemp crop tripled in 2018 with acreage rising rapidly in the 24 states actively growing last year, according to advocacy group Vote Hemp, and that figure is expected to grow now that the Farm Bill has opened the door nationwide to hemp production. Total American hemp acreage was at 78,176 acres last year, […]
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Farm Bill thaws – but doesn’t clear – hemp’s advertising landscape
Under the historic 2018 Farm Bill, hemp companies should be able to advertise like other agricultural producers and manufacturers. But many businesses say they still face hurdles, especially with digital marketing. A good example is Evo Hemp, a Boulder, Colorado-based hemp food company. “The Farm Bill is opening the doors to have the conversation with […]
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Chart: Fast-rising CBD still trying to make inroads with mainstream retailers
CBD’s meteoric rise in popularity has hemp growers finding all kinds of market opportunities that don’t exist for THC products, including yoga studios, pet boutiques, gyms and coffee shops – all foreign territory for marijuana-derived products. One Kentucky hemp producer even has CBD products being sold in tractor supply stores; a North Carolina CBD company has […]
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Canada marijuana titans flexing into US hemp industry
Flush with cash and looking for a toehold in the United States, Canadian marijuana companies are making big investments in hemp. Consider: Canopy Growth (NYSE: CGC), an Ontario marijuana producer that snagged an investment for 5 billion Canadian dollars ($3.8 billion) from a New York alcohol company, recently announced it is entering the U.S. hemp market. […]
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Federal shutdown snags US hemp industry as farmers, processors await direction
American hemp entrepreneurs had to wait only 48 hours after the signing of the watershed 2018 Farm Bill to start experiencing the downside of offering a product regulated by the U.S. government – specifically the budget impasse between President Trump and Congress that led to federal operations shutting down. The budget dispute had no direct […]
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Uruguay continues Latin American cannabis leadership with hemp industry
Uruguay, often recognized as the pioneer in legalized recreational marijuana, is also building a solid foundation to support its hemp industry. “Uruguay is an agricultural country with a clear regulatory framework that offers attractive conditions for large-scale outdoor cultivation (of hemp),” said Maria Belen Algorta, who oversees Uruguay operations for Australia-based Ecofibre. “As far as […]
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FDA Crystal Ball: 5 expert tips on CBD in the newly legal hemp industry
Nationwide legalization brought elation to the hemp industry, but it also brought anxiety as CBD manufacturers and retailers await guidance from federal health regulators on how the extract can be incorporated into foods, drugs and cosmetics. CBD is – by far – the largest component of the U.S. hemp industry, so the concern is widespread. […]
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‘Everybody’s wanting seed’: Hempseed market heats up after Farm Bill passage
CBD-rich hempseed is legal now, but it’s also rare, giving plant breeders a huge new market as barriers to national hempseed distribution are removed. The 2018 Farm Bill guarantees interstate commerce for all hemp products, removing requirements that viable hempseeds require approval from the U.S. Drug Enforcement Administration. But the law leaves in place requirements […]
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