The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]
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Hemp hangs in balance as Farm Bill talks stall
Entrepreneurs hoping for a long-awaited hemp expansion from Congress are nervously watching as the end-of-the-month deadline nears. Hemp farmers hoped to see quick action on the 2018 Farm Bill, including a provision to take hemp off the Controlled Substances Act that was included in the Senate version. Here’s what you need to know: The current […]
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Federal judge shuts down West Virginia hemp farm over seed allegation
A federal judge has ordered a West Virginia hemp farm to shut down over allegations that the operation illegally imported seeds from Kentucky. U.S. Attorney Mike Stuart argued that Grassy Run and its affiliated company CAMO Hemp WV received about 5,000 pounds of hempseeds from neighboring Kentucky instead of getting a license for them from the […]
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Capitalizing on CBD: How hemp businesses are shaping the market and winning new customers
Dr. Priyanka Sharma had a thriving global business in chemical pharmaceuticals, traveling the world setting up factories extracting fish oil for nutritional supplements.
But Sharma and her husband, Pulak, left their home outside Chicago and moved to Colorado for the same three letters that have cannabis entrepreneurs, pharmaceutical companies and even mainstream grocers seeing dollar signs: CBD.
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Aurora makes big move into European hemp, CBD market
Continuing its global acquisition spree, Aurora Cannabis acquired two Lithuanian hemp companies for 6.3 million euros ($7.3 million) in cash and stocks. Edmonton, Alberta-based Aurora acquired hemp grower and processor Agropro UAB, which has some 4,000 acres growing hemp, and Agropro’s sister company, Borela UAB, which processes and distributes organic hulled hempseeds, hempseed protein, hemp flour […]
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No CBD in food, no applications from felons under new Utah hemp rules
Utah approved new hemp rules to allow production to begin with the next growing season – and while the regulations allow for cannabinoid extraction, adding CBD to foods is a strict no-go. The state plans to charge hemp farmers $500 for a one-year license. Hemp can be grown for CBD extraction, and both indoor and outdoor […]
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Virginia to keep CBD-only medical cannabis licensing review secret
The state panel that will award Virginia’s first five CBD-only medical marijuana business licenses will keep the application review process confidential. Virginia Board of Pharmacy chair Rafael Saenz announced Tuesday that the 51 applications would be considered in closed session, the Richmond Times-Dispatch reported. Regulators conferred about Virginia’s public-meeting law for 30 minutes, before a decision […]
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CBD extraction firm snags tax breaks, hiring assistance in Kentucky
Kentucky’s booming CBD industry received an additional boost when the state granted an extraction company roughly $240,000 in tax breaks, plus help finding and training workers. Lexington-based firm Zelios, which opened four months ago, said it plans to double its extraction capacity and create 44 full-time jobs for a total investment of about $2.1 million. Kentucky Gov. […]
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2018 Farm Bill: What to watch for – from 6 hemp industry insiders
Hemp farmers nationwide are preparing for harvest, but they’re also keeping a close eye on Washington DC. Here are some reasons why: Congress is beginning final negotiations on the 2018 Farm Bill, which could either remove hemp from the Controlled Substances Act or revive a prohibition on growing it. It’s up to 56 lawmakers who […]
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Ohio bans CBD sales outside medical marijuana dispensaries
Ohio health officials have declared that over-the-counter CBD sales in the state are illegal, despite the products’ widespread availability in grocery and health stores. The Ohio Board of Pharmacy said that CBD is legal only from state-licensed medical marijuana dispensaries, though none has opened yet, according to The (Cleveland) Plain Dealer. The CBD ruling came […]
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Illinois governor approves hemp law aimed at commercial production
Illinois is no longer one of the nation’s largest hemp holdouts after Gov. Bruce Rauner signed a law to allow immediate commercial production, citing activity in nearby states. The new law contains some of the nation’s strongest language protecting farmers’ ability to make money growing hemp. Farmers can submit a hemp research plan if federal law […]
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Florida gets DEA clearance to grow hemp in 2019
Florida agriculture officials have completed preparations to grow hemp in the Sunshine State and say they’re ready to plant seeds in 2019. According to Growing Produce, a trade publication for specialty-crop growers, that’s far sooner than originally expected. Florida legalized hemp production in 2017, but officials warned it could take several years to find a […]
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