The deadline for submitting nominations for Marijuana Business Daily’s inaugural MJBizDaily Awards is Saturday. The awards, which will be held during MJBizCon Week (Dec. 7-13) in Las Vegas, will recognize the top companies, individuals and organizations participating in the global cannabis industry. The MJBizDaily editorial staff will choose the winners in the awards categories that cover different […]
Read More
EMAIL: [email protected]
PHONE: 720.575.5528
PHONE: 720.575.5528
Don’t fall victim to fantasy valuations in the hemp sector
We often hear from acquirers and company owners alike in cannabis sectors that the times we are living in now are like “the first years after Prohibition in 1933.” The implication is that hemp and marijuana versions of Anheuser-Busch, Coors and Seagram are being formed now, and it won’t be long before products will start […]
Read More
Specialty retailer Barneys New York to sell CBD products in California store
Upscale specialty retailer Barneys New York announced plans to sell CBD-infused products and cannabis accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the hemp and marijuana industries. The shop will open in March inside the Barneys flagship store in the tony Southern California town of […]
Read More
Colorado voters approve adjustable THC limits for hemp
Colorado voters on Tuesday made it easier to change the definition of industrial hemp. State residents approved constitutional Amendment X, which ties the state’s definition of hemp to the federal definition – or allows state lawmakers to change the THC limits for cannabis that can be considered hemp and not marijuana if federal law allows […]
Read More
Michigan will regulate CBD as it does marijuana
Michigan regulators say products made from CBD will now be covered under medical marijuana laws. The state Department of Licensing and Regulatory Affairs on Thursday issued a notice about the regulation of CBD because of “confusion over its legality, the Detroit Metro Times reported.
Read More
Cannabis businesses finding success in pet CBD market
An increasing number of cannabis companies are directing their efforts at four-legged users.
And there’s more than a billion reasons for that trend.
U.S. pet owners spent more than $30 billion in 2016 on pet supplies, treatments and veterinary care, according to the American Pet Products Association, an industry group representing pet product manufacturers and importers.
Read More
Maine accepting applications for industrial hemp licenses
Maine residents who want to grow industrial hemp can now apply for the 2018 growing season. The fee schedule for prospective growers is $100 per application, $500 per license and $50 per acre. Maine has allowed industrial hemp cultivation since 2016, but federal law requires a permit for the cannabis plant, regardless of what it’s […]
Read More
Hemp growers slowly getting help in battle against weeds, pests
As the hemp industry grows, an increasing number of farmers are finding themselves in need of help combating weeds and pests.
Hemp farmers typically lack soil-management expertise and pest-management options, and there aren’t many outlets they can turn to for assistance.
Read More
North Dakota is looking for more hemp farmers
North Dakota’s Agriculture Department is seeking participants for the third year of the state’s industrial hemp research program. The goal of the program is to determine whether hemp can be a successful crop in North Dakota, and which varieties work best in the state’s climate. Five North Dakota producers planted 70-plus acres of hemp in […]
Read More
Virginia colleges researching uses for industrial hemp
Three universities in Virginia are conducting research on industrial hemp after the state legalized cultivation of the crop for research purposes. Virginia Tech, James Madison University and Virginia State University are researching different uses for the crop, which is the same species of cannabis plant as marijuana but doesn’t possess the psychoactive properties, the Roanoke […]
Read More
New York aims to ramp up hemp industry with new law, funding
New York is bullish on hemp. Gov. Andrew Cuomo on Wednesday signed legislation aimed at boosting production of hemp and committed $10 million in state funds to ramp up the industry. In signing the bill into law, the governor said hemp holds great potential for New York’s agricultural and biotech industries. According to the Albany Times […]
Read More
Hemp-based CBD market continues its enormous growth
By John Schroyer
Just as the marijuana industry has exploded in recent years, so too has a sector that revolves around the plant’s non-psychoactive cousin: hemp.
In particular, demand for hemp-based cannabidiol has skyrocketed, and the resulting need nationwide for more CBD-based health products helped give birth to a new industry that parallels the larger cannabis market.
Read More