A Colorado-based cannabis biotech firm announced Thursday that it has secured $10 million in private funding to accelerate production in California and Canada. Front Range Biosciences of Lafayette said it plans to invest some of the money in investigating new strains of cannabis. The company uses tissue-culture technology to make “plantlets” for both hemp and […]Read More
A North Carolina hemp producer’s renovation of a former factory for CBD extraction sets it up for roughly $238,500 in tax incentives over the next four years. City of Wilson officials are lauding Criticality’s retrofitting for CBD production as an innovative new use for the building, The Wilson Times reported. The tax incentive package will be […]Read More
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 […]Read More
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.Read More
As Oregon cannabis prices continue to sink to new lows amid a product glut, outdoor marijuana growers are turning their sights to MJ’s cousin: hemp.
The pivot allows growers to diversify their revenue stream and capitalize on a crop that could soon become legal at the federal level – thanks to the 2018 Farm Bill pending before Congress.Read More
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 […]Read More
Two companies are in a legal tussle over what destroyed a 600-acre hemp farming joint venture in Colorado – a conflict that industry experts say could be the first of many as eager investors and firms try to cash in on budding business opportunities. In a recent California Superior Court filing, California-based H2 Partners claims that […]Read More
(This is an abridged version of a column that appears in the July issue of Marijuana Business Magazine.) Not all hemp misinformation comes from anti-drug enemies of cannabis; some of it comes from hemp acolytes themselves. A recent comment from hemp’s most powerful friend in Congress, Senate Majority Leader Mitch McConnell, drove home for me a […]Read More
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 […]Read More
A tantalizing innovation in the CBD market has turned into a nasty contract dispute that spans the globe.
Bomi Joseph, a California plant breeder, is suing CBD Naturals, a company that has been associated with Canadian CBD manufacturer Isodi. Isodiol once held distribution rights to Joseph’s self-proclaimed innovation – a cannabidiol product derived from a hops variantRead More
Canadian hemp farmers will be allowed to harvest the entire plant – including flower – before the Cannabis Act takes effect in October. A new exemption issued by Health Canada last week allows farmers to harvest and store previously disallowed parts of the plant, but they won’t be able to sell it until after Oct. […]Read More
Canadian hemp is speeding onto the world stage after a Calgary, Alberta-based processor was tapped to provide fibers to help construct a track for the Winter Olympics in Beijing. The deal is thought to be the first time that hemp construction components have been used in a modern Olympics. Canadian Greenfield Technologies will send 60,000 to […]Read More
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