The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain. And this newest issue underscores the vulnerabilities in the global marketplace that vape and other cannabis and […]
Read MoreSLIDESHOW: Products for hemp on display at the World Ag Expo
The staff of Hemp Industry Daily attended the World Ag Expo in Tulare, California, this week. Here are some of the new products for hemp cultivation and processing. (Click on the orange arrows to advance the slideshow.)
Read MoreUK clears path for CBD food sales but adds dosage limits and safety deadline
British food regulators have given the CBD industry a little over a year to apply for safety evaluations in order to remain on shelves, a landmark advancement as many nations have yet to decide whether cannabidiol can be sold in food. The announcement by the United Kingdom’s Food Standards Agency (FSA) on Thursday also set dosage […]
Read MoreFive mistakes to avoid before planting hemp this season
As hemp production grows at lightning speed, farmers are finding that the difference between success and failure in the cutthroat market happens before the first leaves emerge. Selling a hemp crop for the right price is dependent on starting with the right genetics and environment for growing. But in a new industry with a precious […]
Read MoreAbacus acquires Harmony Hemp for $5.5M, boosting retail reach to 12,000 stores
Rhode Island CBD manufacturer Abacus Health Products acquired Utah’s Harmony Health brand of topical CBD products in a cash-and-stock deal worth $5.5 million. The acquisition flexes Abacus’ retail footprint to roughly 12,000 locations nationwide. Harmony Health brands, which will continue selling under the Harmony Health name, include lotions, pain relief gels and roll-ons made by third-party contract […]
Read MoreSLIDESHOW: Hempinions at the World Ag Expo
The staff of Hemp Industry Daily is attending the World Ag Expo in Tulare, California. We asked members of the hemp industry: How will farmers cope with the USDA’s hemp rules in 2020?
Read MoreCalifornia bans drug felons in hemp production to comply with federal rules
California instituted a 10-year ban on drug felons growing hemp, a move state authorities say is required by the federal law that legalized the crop. The ban, issued by California’s Department of Food and Agriculture, makes people convicted of drug felonies ineligible to receive state hemp-cultivation licenses for a decade. The emergency rule was issued along […]
Read MoreBrain specialist, plant researcher tapped to lead California cannabis institute
California’s flagship agriculture school has tapped a schizophrenia researcher and a plant expert to lead its new center to study hemp and marijuana. The University of California, Davis, appointed professors Cameron Carter and Li Tian as co-directors of its Cannabis & Hemp Research Center. Created last year, the research center is charged with: Increasing academic collaboration […]
Read MoreSports Illustrated, Canopy are latest to chase sports market
Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. New York-based Authentic Brands Group, owner of the Sports Illustrated brand, said it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy Growth, majority owner of […]
Read MoreCBD processor acquires California brand, plans to expand footprint
Maine CBD processor Sun Kissed Industries has acquired a California company that makes CBD products sold in 20 states. Terms of Sun Kissed’s acquisition of Hakuna Supply on Thursday were not disclosed. Carl Grant, CEO of Portland, Maine-based Sun Kissed, said in a statement that the acquisition will “thrust Sun Kissed onto the global CBD […]
Read MoreEXCLUSIVE: Dominant Florida medical cannabis supplier sees huge CBD dip
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, has experienced a huge drop-off in milligrams of CBD sold in Florida over the past eight weeks. The trend accelerated this week, according to data analysis from Marijuana Business Daily‘s Investor Intelligence analysts. Trulieve’s market share of CBD sales has fallen nearly 20 percentage points […]
Read MoreEcoGen plans to use $40 million private placement for consolidation
Colorado hemp grower and CBD manufacturer EcoGen Laboratories raised $40 million in a private placement, saying it will use the funds to consolidate operations and start producing white-label CBD products in a former steel plant in western Colorado. The company said it plans to consolidate operations and extraction in a new headquarters in Grand Junction, […]
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