The hemp industry has been waiting for months for Congress to take action on a new Farm Bill, one that could make legal barriers for hemp production disappear. Now that Democrats have won control of the House of Representatives, hemp entrepreneurs wonder what that means for the 2018 Farm Bill. Could a lame-duck Congress steer it […]
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New Factbook
New Hemp & CBD Factbook
Curated by the researchers and editors of MJBizDaily, the Hemp & CBD Industry Digital Factbook contains data findings from exclusive industry surveys and analysis from available industry data reports about these rapidly evolving industries.
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Canada’s hemp farmers suggest tax to fund national promotion, research
Some Canadian hemp farmers want to see their country capitalize on hemp’s trendiness by starting an agency to promote the plant’s health benefits and research better ways to grow it. The farmers want to tax their hemp sales at 0.5%, with the money going to fund promotions and research, similar to commodity checkoff programs commonly used in […]
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Hemp on the ballot in key states, with THC limits and production rules on the line
Hemp changes don’t garner public attention the same way marijuana questions do, but ballot measures in a few key states could have a big impact on those markets. Voters in Colorado, the nation’s top-producing hemp state, will decide Nov. 6 whether to change the state constitution to make it easier to adjust hemp’s legal THC […]
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Academia joins CBD research boom, offering new market opportunities
Lack of significant research on the effect of cannabinoids has long been a bane to the CBD and hemp industries. But in the wake of the U.S. Drug Enforcement Administration’s decision to reschedule some cannabis-derived products, researchers are looking for ways to open and capitalize on new markets and uses. Two Stanford University researchers,Jonathan Rothbard […]
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When cannabis isn’t cannabis – and why hemp may suffer for it
(This is an abridged version of a column that appears in the October issue of Marijuana Business Magazine.) How’s this for irony? The hemp industry’s rush to distance itself from marijuana has gone so far that hemp products can’t be sold in the world’s largest cannabis economy. The development in California is a bitter lesson in […]
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Chart: Opportunity in CBD-only stores limited, but strong growth expected for other channels
As state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to exceed $1 billion by 2020. More than half (55%) of retail respondents to a survey for the Factbook described their stores are […]
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Canada hemp changes could disrupt global CBD markets, but US producers hopeful
When Canada’s legal recreational marijuana market launches Wednesday, the nation will also allow its roughly 250 hemp farmers to sell flower for CBD extraction – a change that could have a global impact on CBD prices. “There are a lot of hemp producers who have been saving and drying their flowers for sale,” said Russ […]
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Walmart Canada ‘fact-finding’ on potential for CBD product sales
The world’s largest retailer, Walmart, is considering selling CBD products in Canada, a development that comes just days before recreational marijuana markets open in the country. But Walmart says it isn’t ready to start selling cannabidiol just yet. “As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue,” […]
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3 business takeaways from the Heineken hemp trademark case
Hemp is a booming new industry, but some of the obstacles facing entrepreneurs are decidedly old. That’s the case for a startup hemp beer seeking trademark protection for its new brand, which is running headfirst into a global alcohol giant: Heineken. The dispute centers on a Pennsylvania company’s plans to release a hemp-infused beer, Tiger […]
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How marijuana company executives can adapt to surging CBD sales
CBD and THC coexist in the cannabis plant. But can they coexist in the cannabis market? They can if they take a measured approach to the market.
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