Hemp Cultivation, Processing & Extraction News

What is CBD skin care worth? Industry executives talk market opportunities as retailers buy in

As companies prepare for legal changes to the hemp industry after the plant’s federal reclassification, a sleeping giant in the CBD sector is beginning to step into its full financial potential: skin-care products. The $18 billion U.S. skin-care industry is seeing a flood of CBD entrants, including large retailers such as Neiman Marcus, Sephora and Barneys. The skin-care scramble makes […]

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FSD Pharma reveals hemp purchase agreement after Auxly deal collapses

Ontario-based FSD Pharma has agreed to buy 1,000 kilograms (2,200 pounds) of hemp on a contractual basis from a farmer in the province for CBD extraction at the company’s Cobourg facility. The move comes after the breakdown last week of an agreement between FSD and marijuana company Auxly for the purchase of 49.9% of the […]

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Tobacco money tapped to fuel new hemp testing facility in Virginia

Virginia will spend nearly $400,000 to develop a testing facility for agricultural products – including hemp – with funds coming from a state agency set up to revitalize tobacco-growing areas in the state. The Virginia Tobacco Region Revitalization Commission awarded the money to buy a high-end Waters UPLC mass spectrometer for the Institute for Advanced […]

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Farm Bill boost: Kentucky hemp acreage more than doubles for 2019

Kentucky’s hemp acreage could more than double in 2019, with state agriculture officials attributing increased registrations to the new Farm Bill. The state says it has licensed more than 42,000 acres for 2019 hemp production, up 163% from 2018, when Kentucky licensed 16,000 acres. Only 6,700 acres were planted for hemp last year, the state […]

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Pennsylvania lifts hemp production, license caps, citing Farm Bill and federal shutdown

Pennsylvania’s planned hemp expansion has turned into a surprise lift on hemp production caps, thanks to the recent Farm Bill and ongoing federal shutdown. Russell Redding, Pennsylvania’s agriculture secretary, said the Keystone State is removing requirements that hemp be grown for research purposes, The (Allentown) Morning Call reported. Pennsylvania will also remove 100-acre growing caps […]

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Uruguay continues Latin American cannabis leadership with hemp industry

Uruguay, often recognized as the pioneer in legalized recreational marijuana, is also building a solid foundation to support its hemp industry. “Uruguay is an agricultural country with a clear regulatory framework that offers attractive conditions for large-scale outdoor cultivation (of hemp),” said Maria Belen Algorta, who oversees Uruguay operations for Australia-based Ecofibre. “As far as […]

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FDA Crystal Ball: 5 expert tips on CBD in the newly legal hemp industry

Nationwide legalization brought elation to the hemp industry, but it also brought anxiety as CBD manufacturers and retailers await guidance from federal health regulators on how the extract can be incorporated into foods, drugs and cosmetics. CBD is – by far – the largest component of the U.S. hemp industry, so the concern is widespread. […]

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Colorado hemp farmers can tap into state grant to hire interns

With the industry’s new federally legal status, hemp farmers have increased access to workforce-development grants that have long been available to other industries. Colorado has opened up roughly $40,000 for farmers to hire interns for at least 130 hours of work between now and June. All farmers can apply, including those licensed to grow hemp. Colorado […]

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‘Everybody’s wanting seed’: Hempseed market heats up after Farm Bill passage

CBD-rich hempseed is legal now, but it’s also rare, giving plant breeders a huge new market as barriers to national hempseed distribution are removed. The 2018 Farm Bill guarantees interstate commerce for all hemp products, removing requirements that viable hempseeds require approval from the U.S. Drug Enforcement Administration. But the law leaves in place requirements […]

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GenCanna’s 4th Kentucky hemp facility gets boost from tax incentives

Kentucky hemp grower and CBD manufacturer GenCanna Global is building a fourth factory in Kentucky, a $40 million facility the company received hefty public support for. GenCanna received “several million dollars” in state and local tax incentives to build the factory in Mayfield, in western Kentucky, President Steve Bevan told Hemp Industry Daily. The plant will […]

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