An Oregon CBD beverage maker has sold a partial ownership stake for $1.6 million to expand production and distribution. Ablis of Bend, Oregon, makes nonalcoholic beverages that contain 25 milligrams of CBD. The products are distributed in health and wellness retailers in 10 states. Acquired Sales Corp. of Lake Forest, Illinois, is spending $1.6 million […]
Read MoreUtah adds label requirement for CBD products to combat synthetics
Utah will require CBD products to carry labels certifying they were produced legally, a move to eliminate synthetic products and treatments that contain too much THC. The new labeling requirement takes effect in January, Salt Lake City TV station KUTV reported. The state joins Indiana and Oregon, which have previously implemented similar label requirements. The Utah Department […]
Read MoreVermont CBD company snags $7 million, plans to move manufacturing plant
A CBD manufacturer in Vermont is changing its name and plans to double its hemp acreage to 100 acres next year after selling a $7 million stake to a North Carolina venture capital firm. Hardwick, Vermont-based Green Mountain CBD will change its name to SunSoil CBD in 2019, VTDigger reported. The company sold a minority […]
Read MoreNo extraction required: Smokable hemp trend gives farmers new use for flower
One of the fastest-growing hemp sectors bears a striking resemblance to the marijuana industry: dried and smokable hemp flowers. The growth of hemp pre-rolls and loose flower has roots in Europe, where cannabis enthusiasts have long embraced smoking low-THC cannabis, but its rise in the U.S. is catching longtime hemp industry watchers by surprise. Bethany […]
Read MoreColorado vote poses risks, opportunities for hemp farmers
Colorado’s recent vote to move part of the hemp definition out of the state constitution has some entrepreneurs cheering, while others warn it could lead to federal meddling in the nation’s largest hemp market. Amendment X left the overall definition of hemp in Colorado’s constitution but removed the THC limit of 0.3%. The change allows […]
Read MoreMcConnell issues Farm Bill ‘guarantee’ that hemp will make final version
Hemp expansion in the next Farm Bill is a “guarantee,” according to the U.S. Senate’s majority leader. Republican Sen. Mitch McConnell said he’s not sure when Congress will finalize a Farm Bill to get to the president’s desk, but he’s certain hemp will be part of that compromise. “It will be in there, I guarantee […]
Read MoreFarm Bill update: What the new Congress means for hemp entrepreneurs
The hemp industry has been waiting for months for Congress to take action on a new Farm Bill, one that could make legal barriers for hemp production disappear. Now that Democrats have won control of the House of Representatives, hemp entrepreneurs wonder what that means for the 2018 Farm Bill. Could a lame-duck Congress steer it […]
Read MoreSales begin for first FDA-approved CBD drug
Sales are underway for the first CBD drug approved by the U.S. Food and Drug Administration. The drug, Epidiolex, treats two rare types of epilepsy and is made from marijuana plants grown in the United Kingdom. The maker of the medication, GW Pharmaceuticals, has said the tincture would cost about $32,500 a year. U.S. insurance […]
Read MoreHemp ‘entourage’ trademark dispute widens as companies jostle over use of term
A long-simmering trademark dispute over the word “entourage” got wider this week, with one company asking others in the hemp industry to share how they use the term. Full Spectrum Nutrition, a CBD manufacturer in Colorado Springs, Colorado, is calling for other businesses to help it challenge a 2016 trademark on the phrase “entourage hemp.” […]
Read MoreCanada’s hemp farmers suggest tax to fund national promotion, research
Some Canadian hemp farmers want to see their country capitalize on hemp’s trendiness by starting an agency to promote the plant’s health benefits and research better ways to grow it. The farmers want to tax their hemp sales at 0.5%, with the money going to fund promotions and research, similar to commodity checkoff programs commonly used in […]
Read MoreOregon hempseed dispute leads to $21 million lawsuit
A batch of hempseeds in Oregon billed as CBD-rich females that turned out to be neither feminized nor high in the cannabinoid has led to a $21.2 million lawsuit. That’s how much six people say they lost after the seeds resulted in inferior plants, leading to the lawsuit against three seed dealers in a southern Oregon […]
Read MoreHemp on the ballot in key states, with THC limits and production rules on the line
Hemp changes don’t garner public attention the same way marijuana questions do, but ballot measures in a few key states could have a big impact on those markets. Voters in Colorado, the nation’s top-producing hemp state, will decide Nov. 6 whether to change the state constitution to make it easier to adjust hemp’s legal THC […]
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