The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]
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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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Cannabis financial services firm shifts to plant-touching company with acquisition of hemp grower
A Nevada company that provides banking services for ancillary cannabis firms is taking a more direct tack in the industry with the acquisition of a hemp firm. Medical Cannabis Payment Solutions on Thursday announced its acquisition of SpeedyGrow, a Wyoming-based company licensed to cultivate and process hemp in western Colorado. Terms of the deal were […]
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Cannabis data firm New Frontier buys Hemp Business Journal
New Frontier Data, a market-analysis firm that caters to the marijuana industry, is expanding its focus to hemp with the purchase of Hemp Business Journal. Terms of the deal weren’t disclosed. New Frontier is headquartered in Washington DC but has a Denver office. Hemp Business Journal is based in Denver. New Frontier CEO Giadha Aguirre de Carcer said […]
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MJBizDaily bolsters hemp coverage
Marijuana Business Daily has hired a veteran journalist from The Associated Press to ramp up the publication’s coverage of the hemp industry. Kristen Nichols (formerly Wyatt), a political reporter at the AP for 17 years, will write news, analysis and feature stories on the hemp and CBD markets for Marijuana Business Daily and Marijuana Business Magazine. She’ll also […]
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