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Read MoreFrom the Roots Up: A Guide for Hemp Cultivators
All hemp products are dependent on one thing: the ability to grow a reliable and quality crop. Growers need to pick plants that will deliver the characteristics they need and provide inputs that support the end goals. But where to begin? In this guide, some of the industry’s most experienced and innovative cultivators share their […]
Read MoreExclusive Webcast: Village Farms CEO talks strategy for cannabis
Village Farms is counting on its 30-plus years of experience in megascale, low-cost product growing to give it a leg up as it shifts focus to the Canadian cannabis and U.S. hemp markets.
Read More‘It’s great to be immature,’ hemp conference attendees told about their growing industry
Hemp is technically legal in the United States, but the industry has a long way to go before the market truly develops. And that may be a very good thing, Kristen Nichols, editor of Hemp Industry Daily, said Wednesday as the inaugural Hemp Industry Daily Conference opened in New Orleans. “It’s great to be immature!” […]
Read MoreReport: American CBD sales to reach $7B by 2023 as investments surge
The passage of the U.S. Farm Bill flung open the door for institutional investors to pump millions of dollars into hemp and CBD companies – and financial firms are walking in, according to a new report from MJBizDaily Investor Intelligence.
Read MoreCBD maker Charlotte’s Web to begin trading on Toronto Stock Exchange
Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX). The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker CWEB. The move to the TSX – the world’s ninth-largest exchange in terms of market capitalization […]
Read MoreItaly’s interior minister declares war on hemp products
In a move seen as more bluster than substance, an Italian official vowed to close all “cannabis light” – defined as cannabis with THC levels below 0.2% – shops in the country.
Read MoreApplications for hemp licenses continue to balloon across US
The number of applications to grow hemp received by states has continued to increase rapidly in the wake of the 2018 passage of the Farm Bill. The West Virginia Agriculture Department reported that the number of licenses issued so far this year has more than tripled to 158, compared with 46 in 2018. The agency […]
Read MoreCuraleaf agrees to buy Cura Partners for CA$1.27 billion in all-stock deal
Massachusetts-based Curaleaf, a vertically integrated marijuana and hemp company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. Cura’s Select brands are available in more than 900 retailers, mainly in […]
Read MoreHealth Canada cuts red tape for hempseed shipments to US
The hemp industry in Canada is welcoming a move by the country’s regulatory body to simplify the export of hempseed to the United States ahead of this spring’s planting season. Last week, Health Canada notified hemp license holders and applicants the agency would no longer require an import permit from the U.S. authority before issuing […]
Read MoreCharlotte’s Web appoints former Kellogg executive as CEO
In an effort to move into the mainstream CBD space, Boulder, Colorado-based CBD manufacturer Charlotte’s Web Holdings has selected a former Kellogg executive to serve as its CEO. Adrienne “Deanie” Elsner will assume the role effective May 15. Elsner was previously president of the U.S. snacks division at Kellogg. “Deanie’s appointment is timely and aligns […]
Read MoreNew opportunities, some headaches
The Farm Bill’s passage presents marijuana cultivators, extractors, manufacturers and retailers with a boatload of federally legal business opportunities by way of hemp-derived CBD. But the pivot from a mainly marijuana company to a CBD firm is fraught with regulatory hurdles, gray areas and logistical challenges. Entering the hemp-derived CBD space isn’t as simple as […]
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