A Minnesota hemp farmer facing felony drug charges over a 2018 crop that went hot still has the right to challenge the loss of his hemp license, a federal judge ruled Thursday. Luis Hummel, who owns 5th Sun Gardens in Lanesboro, grew roughly 2,000 pounds of hemp that passed state THC tests before harvest. But […]
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Heavenly Rx continues acquisition streak with Arizona CBD maker
Toronto CBD manufacturer Heavenly Rx is extending its expansion strategy to Arizona, saying Tuesday it has acquired a majority stake in PureKana, a privately held CBD maker in Paradise Valley. Terms of the deal were not released. PureKana makes CBD oils, gummies and topicals, all of which will remain under the PureKana label. The transaction […]
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Top 10 hemp business stories of 2019: Legalization brings new rules, Texas joins industry, farmers struggle with harvest & more
The hemp industry’s pivot from pilot-program experiment to national commodity kept entrepreneurs clicking to keep up with changes for the new industry. And Texas’ entry into the national hemp-producing economy was a development not to be missed. Those were among the most widely read stories for 2019 at Hemp Industry Daily, based on page views. 1. […]
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Editor’s Notebook: Why mom-and-pop CBD retailers have some planning to do
We cheer when the big guys see the benefits and market opportunities of hemp products.
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Louisiana, New Jersey, Ohio are first with approved hemp rules
Relative hemp newcomers Louisiana, New Jersey and Ohio have leapfrogged states with more established hemp programs in winning first approval for their 2020 regulations. The U.S. Department of Agriculture (USDA) said Friday that those three states are the first with approved hemp regulations. The three plan to allow commercial cultivation for the first time in 2020. The USDA […]
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Exclusive: Nevada hemp consultant discusses crop’s potential in Southwest
The desert Southwest could become a critical hemp-producing area for the United States, according to a longtime hemp educator in the University of Nevada system. In this special episode of News & Views – recorded at MJBizCon in Las Vegas – Marysia Morawska, who oversees hemp projects with the University of Nevada Cooperative Extension, sat down with Hemp Industry […]
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20 predictions for 2020: Insiders handicap what’s ahead for the hemp sector
As the hemp industry nears the end of a year of tremendous change, it can be easy to marvel at the progress the industry has made in the past 12 months. But we wanted to find out what’s next for the hemp industry. So Hemp Industry Daily caught up with 20 insiders from across the […]
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CBD and sports: Marketing to athletes becoming big business
CBD manufacturers looking for new market opportunities are making big investments in the sports nutrition market, signing up athlete endorsements and trying to capitalize on growing acceptance of cannabidiol’s anti-inflammatory properties among premier sports stars. From three-time PGA Tour champion Scott McCarron to former New England Patriots tight end Rob Gronkowski, athletes are being tapped […]
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US Senate confirms Hahn as new head of FDA
The U.S. Senate has confirmed a cancer specialist from Texas to lead the U.S. Food and Drug Administration (FDA). Dr. Stephen Hahn was confirmed Thursday. He replaces Dr. Scott Gottlieb. Hahn hasn’t said how he believes cannabis extracts such as CBD should be regulated, though he said at his confirmation hearing that he wants to see […]
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Two lawsuits between Canopy, US hemp grower dropped
The legal battle between the U.S. arm of Canadian cannabis giant Canopy Growth and a Nevada-based hemp producer appears to be over. Canopy filed notice that it is dropping its lawsuit accusing Go Farm Hemp of squandering a $12 million advance to grow hemp. Canopy’s filing to dismiss came a month after Go Farm Hemp’s […]
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Drug charges dropped in New York hemp delivery case
New York prosecutors have dropped criminal charges against a CBD retailer who tried to pick up a shipment of hemp biomass from Vermont. But authorities have not yet returned the hemp to Green Angel CBD. Ronen Levy was facing marijuana charges by the Brooklyn District Attorney’s Office over Green Angel’s November shipment of 106 pounds of hemp […]
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5 business takeaways from the 2019 Hemp Industry Daily Forum
Have a sales plan. Consider hemp markets beyond the flower. And get ready for a bumpy ride. Those were among the many business takeaways from the 2019 Hemp Industry Daily Forum on Tuesday at the Las Vegas Convention Center during MJBizCon Week. The forum drew more than 500 entrepreneurs from all sectors of the hemp supply […]
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