In the wake of new regulations putting nonintoxicating cannabidiol under the same rules as THC-heavy marijuana, CBD manufacturers announced plans to leave Michigan for other states.
Read MoreTexas backs off CBD ban, but keeps option open
The Texas Department of State Health Services is pausing its proposal to ban over-the-counter CBD food products and supplements, according to the Austin American-Statesman. The agency now says it will delay implementing the CBD ban until it consults with law enforcement about the legality of cannabidiol.
Read MoreCannabis financial services firm shifts to plant-touching company with acquisition of hemp grower
A Nevada company that provides banking services for ancillary cannabis firms is taking a more direct tack in the industry with the acquisition of a hemp firm. Medical Cannabis Payment Solutions on Thursday announced its acquisition of SpeedyGrow, a Wyoming-based company licensed to cultivate and process hemp in western Colorado. Terms of the deal were […]
Read MoreFirms create hemp joint venture in Oregon in hedge against cannabis oversupply
Undeterred by cannabis overproduction in Oregon, a Canadian grower and a California processor have big plans to start growing hemp for CBD in Oregon. Global Hemp Group and Marijuana Company of America have signed a deal to launch a joint venture to grow CBD-rich hemp on an Oregon-based farm. The project includes five greenhouses totaling more […]
Read MoreAustralia issues CBD, hemp warning over illegal safety claims by US firms
Australian health authorities issued a warning about CBD and hemp products made in the United States, saying that some companies are illegally exporting CBD to Australia and claiming the products have been found safe – even though they have not been reviewed. In a consumer alert issued Monday, Australia’s Therapeutic Goods Administration (TGA) said “companies located […]
Read MoreArizona legalizes hemp, but no commercial crops likely before 2019
Arizona became the 39th state to legalize hemp production when Gov. Doug Ducey signed a bill authorizing the cultivation of industrial hemp for experimental purposes. “I’m glad to sign a bill that could have a positive economic impact for the state,” Ducey said in a statement released Monday. However, Arizona hemp production likely won’t begin until […]
Read MoreOntario moves to take hemp out of marijuana regulations, setting up Canadian hemp wave
In a decision that could set a global precedent for hemp production, the Canadian province of Ontario decided hemp won’t be regulated the same as marijuana, leaving cannabis below 0.3% THC under the regulation of agriculture authorities. Canada is among the world’s largest hemp producers but is just starting to allow CBD extraction from hemp […]
Read MoreSouth Carolina to double hemp licensing in 2019 as farmer demand surges
South Carolina plans to double its hemp program for 2019, saying that overwhelming farmer demand is driving a need for more licenses even as the state’s first legal crops are just going in the ground. The Palmetto State allowed just 20 hemp growing licenses for 20 acres each for 2018, the first year for a modern […]
Read MoreHemp legalization gains more allies: top Senate Democrat, American Farm Bureau
A Senate bill to take hemp out of the Controlled Substances Act is racking up allies. Senate Minority Leader Chuck Schumer, a New York Democrat, and the American Farm Bureau are backing the measure introduced by Senate Majority Leader Mitch McConnell. Schumer’s endorsement comes about two weeks after he announced his support for legalizing marijuana. […]
Read MoreMyth-busting: Hemp needs more water than many think
Hemp isn’t as immune to drought as supporters claim, according to a Colorado State University soil researcher who analyzed two years of Colorado hemp production. “There are a lot of myths about this crop, and one of them is that it doesn’t need much water,” said Brian Campbell, a doctoral student in Soil and Crop […]
Read MoreClimate challenges may delay Florida hemp production
Hemp has been legal in Florida since 2017, but state researchers say that the Sunshine State’s unusual climate means it could be years before private farmers can sign up to try the new crop. Florida wants to make sure hemp isn’t invasive in its warm, humid climate, according to Growing Produce, a trade publication for […]
Read MoreCBD industry undeterred by DEA setback, although legal questions remain
Scrambling to recover from a legal blow to CBD’s legality, the hemp industry now says a new federal rule classifying CBD as a controlled substance doesn’t affect hemp after all.
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