Briefs

CBD import deals pick up in Canada ahead of new regulations

Canada’s cannabis industry isn’t waiting for looming regulatory changes that will permit companies to process domestically grown hemp flowers for CBD extraction. To capitalize on the current boom in cannabidiol products, Canadian companies are turning to imported CBD.

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Texas 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.

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Australia 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 […]

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Arizona 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 […]

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Michigan will regulate CBD as it does marijuana

Michigan regulators say products made from CBD will now be covered under medical marijuana laws. The state Department of Licensing and Regulatory Affairs on Thursday issued a notice about the regulation of CBD because of “confusion over its legality, the Detroit Metro Times reported.

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South 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 […]

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Hemp 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. […]

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Climate 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 […]

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New SBA lending rules could curb loans to hemp businesses

The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the cannabis industry – and not just those on the marijuana side.

The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or hemp firm.

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Mike Tyson adds West Virginia hemp to his marijuana company

Former heavyweight boxing champion Mike Tyson is adding a hemp business to his marijuana company. Tyson Holistic, which broke ground in January on a marijuana cultivation and processing site in southern California, says it envisions growing hemp, lavender and soy in West Virginia, according to the Charleston Gazette-Mail. Tyson’s company is teaming up with a […]

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New Mexico hemp legalization finally takes effect after high court’s decision

New Mexico’s long-stalled measure to legalize hemp is finally law, thanks to a decision by the New Mexico Supreme Court. The court ruled last week that Republican Gov. Susana Martinez was wrong to veto a bill last year that authorized hemp production. The hemp bill was among a bundle of Democratic measures vetoed by the […]

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