Omar Sacirbey

L.A. firm aims to boost Colorado hemp farm by 900 acres

A Los Angeles-based real estate company is seeking to expand an 80-acre hemp research site in Pueblo, Colorado, 12-fold, which would make it one of the largest hemp operations in the state. Agritek Holdings – which has water and mineral rights on the 80-acre site it already owns in Pueblo – has been given first […]

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Montel Williams’ suit seeks to protect image vs. CBD scams

Television talk-show host and medical marijuana activist Montel Williams is suing several Arizona-based companies for wrongly using his name and image in alleged CBD scams. The lawsuit, filed in U.S. District Court for the Southern District of Florida, alleges that at least three companies were involved in an “elaborate online scheme” that involved misleadingly using […]

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Utah moves to approve growing industrial hemp for research

A Utah agricultural board has given preliminary approval to a change in government rules that would allow farmers in the state to cultivate industrial hemp for research purposes. Under the Utah Department of Food and Agriculture’s proposed rule, farmers would be allowed to grow hemp that contains less than 0.03% THC, according to Salt Lake […]

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South Carolina legalizes hemp cultivation and sales

South Carolina became the latest state to legalize industrial hemp cultivation and sales after the governor signed legislation establishing a pilot program.

The bill, signed into law last week, creates a program that will award 20 licenses permitting growers to grow, harvest and sell hemp, The State reported. Each grower may cultivate hemp on up to 20 acres of land, according to the newspaper. The South Carolina Department of Agriculture will manage the program.

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Hemp cultivation in Minnesota sees major growth spurt

Minnesota’s hemp crop has grown exponentially and the number of farmers cultivating the crop has increased sixfold as the state’s pilot program enters its second year. This year, 42 farmers are growing hemp on roughly 2,100 acres, Minnesota’s Alpha News reported. That’s a huge increase from 2016, when Minnesota’s hemp cultivation program launched with seven farmers […]

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Massachusetts cannabis businesses warily await lawmaker tinkering

By Omar Sacirbey

Cannabis industry advocates in Massachusetts know changes are coming to the law that voters passed last November legalizing recreational marijuana.

But how modest or extreme those changes will be, and whether they’ll constrain the market, is less certain.

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Investment company planning exchange-traded cannabis fund

ETF Managers Group, a New Jersey-based investment company, plans to launch an exchange-traded fund that would track publicly traded cannabis companies. The ETF Managers Group is proposing the Emerging AgroSphere ETF, which could be a first for the cannabis industry, Reuters reported. An exchange-traded fund owns and tracks certain assets and, unlike a mutual fund, can be traded […]

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Thailand approves hemp cultivation

The cabinet of Thailand’s National Legislative Assembly has approved a proposal to permit hemp cultivation in six provinces in the country’s northern region as part of a project to explore the use of plants for medical purposes. Officials with the Office of the Narcotics Control Board announced Tuesday said the proposal will be implemented in 2017 […]

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DEA rule change sparks concern on marijuana extracts

The U.S. Drug Enforcement Administration has introduced a new rule on how it tracks marijuana extracts that is causing concern in the marijuana industry. But should it? The DEA announced in the Federal Register it is creating “a new Administration Controlled Substances Code Number for ‘Marihuana Extract’” so that it can track things like concentrates and […]

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Colorado hemp industry moves ahead after seed certification

Colorado’s hemp industry took a major step forward this week when the state’s Department of Agriculture announced that three industrial hemp seed varieties passed a statewide trial that confirmed the resulting plants contain THC levels under 0.3%. Being under the 0.3% threshold is important because plants with higher THC levels cannot be certified as hemp […]

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Certified seeds and CBD help US hemp industry take root

By Omar Sacirbey America’s fledgling hemp industry recently got its latest boost when the Colorado Department of Agriculture submitted for potential state certification six varieties of hempseeds that, if certified, U.S. farmers could buy to start their own crops. Hemp cultivation also is benefiting from rising demand for CBD products and new applications for hemp.

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Hemp industry facing barriers to commercialization

By Omar Sacirbey It’s been more than two years since President Barack Obama signed legislation authorizing the limited cultivation of hemp, but the fledgling industry remains a long way from becoming a thriving business. Observers say commercialization of this potentially lucrative plant remains limited for legal, financial and technological reasons.

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