Briefs

Exactus buys online supplement retailer, seeks greater transparency

Proving that hemp-derived CBD really is sourced from hemp remains one of the big questions around its legality – and may be a key factor in a recent acquisition. Exactus, a Virginia-based health-care company with interests in cannabidiol treatments, acquired Hemp Healthy, a supplement firm that owns an e-commerce site selling CBD tinctures, topicals and […]

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Ag Secretary Sonny Perdue issues warning for hemp farmers

As the hype around hemp ramps up and states issue record numbers of licenses to farmers wanting to capitalize on opportunities the new crop may offer, U.S. Secretary of Agriculture Sonny Perdue said this week he isn’t so sure hemp will be the cash crop everyone is hoping for. “What is the market potential of […]

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Sales of hemp products in Kentucky surged in 2018

Kentucky’s resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping more than twice as much income from their crop. The state’s hemp processors reported $57.75 million in gross product sales last year, compared with $16.7 million in 2017, Kentucky Agriculture Commissioner Ryan Quarles said Monday. Processors […]

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USDA offers full recording of Farm Bill and hemp webinar

The U.S. Department of Agriculture’s (USDA) listening session on domestic hemp production last week is now available to view at the USDA Agricultural Marketing Service (AMS) website. USDA-AMS said the broadcast received an “overwhelmingly positive response,” with more than 2,000 people participating in the webinar that was designed to collect public comment on hemp and […]

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Australian farmers in Tasmania increase hemp seed production for food

The number of hemp producers in the Australian state of Tasmania, which produces 66% of the nation’s commercial hemp crop, has nearly doubled – and is projected to continue growing due to drought causing supply shortage in other regions, according to Australia’s ABC News. Tasmania has produced hemp for fiber and cosmetics since the 1990s, but […]

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South Dakota governor vetoes legal hemp production

The hopes for legal hemp production in South Dakota came to a halt when Gov. Kristi Noem vetoed a bill approved by the state’s Legislature. Concerned that South Dakota was “not ready” for legalized hemp production because it would prove too difficult for law enforcement to regulate, Noem previously made it known she was opposed […]

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CV Sciences earnings rise, but CEO says CBD confusion limiting growth

(This story has been updated to clarify that the CEO referred to state regulatory differences on CBD, not seizures of CBD.) CBD giant CV Sciences posted $10.2 million in profit last year, a big improvement from 2017, when the company lost roughly $4.9 million, according to the firm’s year-end fiscal report. The San Diego company, which […]

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SodaStream CEO invests in cannabis tech firm Seedo, joins board

The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]

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Federal lawsuit against West Virginia hemp farm dismissed

The owners of a West Virginia hemp farm were cleared of federal drug charges after they were accused of violating the federal Controlled Substances Act for purchasing seeds from Kentucky. A U.S. district court judge dismissed the case against Grassy Run Farms and its affiliated company Commonwealth Alternative Medical Options (CAMO Hemp WV) on Wednesday, the […]

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