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Hemp industry awaits more hemp import, export guidelines

Hemp entrepreneurs are still waiting to realize the benefits of being able to import hempseed as a commodity, even as they cheer recent assurance from the federal government that change is on the way. The U.S. Department of Agriculture (USDA) released new guidance this month on how hemp importing will work now that federal drug […]

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Europe’s hemp definition, ‘novel foods’ designation cloud region’s potentially booming CBD market

European hemp producers and manufacturers are struggling to capitalize on the global CBD boom and compete with U.S. manufacturers as they navigate the continent’s thorny regulations – but they’re optimistic that upcoming changes will open new CBD opportunities. The hemp and CBD industry wants the European Union to change its Common Agricultural Policy, which governs food […]

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Standards standoff: CBD, hemp industries debate how to self-regulate

Everyone in the hemp industry seems to agree that voluntary safety regulations would help the burgeoning CBD industry avoid troublesome regulations from the federal government. Problem is, there’s little agreement on how it should be done. Manufacturers and retailers have been sniping for years over the best way to grow and process cannabis used to […]

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Will hemp farmers have seed for 2019? USDA issues new guidance

The U.S. Department of Agriculture (USDA) has stepped in to assist hemp producers and exporters to bring hempseed to the United States now that the U.S. Drug Enforcement Administration (DEA) is not involved. In addition to the 2018 Farm Bill removing hemp and its derived products from the U.S. Controlled Substances list, the measure removed […]

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Canopy’s Linton: ‘Massive shakeout’ ahead for CBD sector

Upheaval is ahead for North America’s CBD market, and those companies that focus on data, research and branding are the ones that will likely survive, according to Canopy Growth CEO Bruce Linton. “Water’s free, and you can make a lot of money packaging and branding it,” he said at the Cannabis Conference in Toronto, hosted by […]

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Lawsuit: Federal farm official threatened Oklahoma farmers over hemp

An Oklahoma hemp company is suing a federal agricultural official for allegedly trying to coerce farmers away from participating in the state’s industrial hemp pilot program through false and unlawful statements. The lawsuit by Equitable Organic Ventures (EOV) claims that Scott Biggs, executive director of the Oklahoma division of the U.S. Department of Agriculture’s Farm […]

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Florida agriculture chief readies state for hemp industry

Florida’s farmers are hopeful that hemp will become legal in the state in time to plant this year. The idea also is gaining popularity among lawmakers, with hemp legislation making its way through the Florida state Senate and House. Farmers need a lifeline, and hemp is it, Florida Agriculture Commissioner Nikki Fried told Hemp Industry […]

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Hemp companies left looking for banking alternatives

The stability that the 2018 Farm Bill was supposed to bring to the hemp industry remains elusive, particularly on the banking front, where a risk-averse industry has been pulling its previously dipped toes out of the water. U.S. Bank’s payments processing subsidiary Elavon recently opted to pull out of offering services to hemp farmers and […]

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New opportunities, some headaches

The Farm Bill’s passage presents marijuana cultivators, extractors, manufacturers and retailers with a boatload of federally legal business opportunities by way of hemp-derived CBD. But the pivot from a mainly marijuana company to a CBD firm is fraught with regulatory hurdles, gray areas and logistical challenges. Entering the hemp-derived CBD space isn’t as simple as […]

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Can big and small fish coexist in hemp?

Assuming the U.S. Food and Drug Administration develops health and safety regulations for CBD products, larger hemp companies with more capital may be poised to gobble up mom-and-pop hemp companies to supply big consumer-packaged-goods companies with CBD. In other words, the hemp industry may grow in acreage but contract in participants. For GenCanna, a Kentucky […]

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US hemp map: Regional strengths, weaknesses for the industry

As the hemp industry has grown, a variety of states also have developed in different ways. Here’s a look at how the industry has developed – and what hemp entrepreneurs can look forward to – in the different regions across the country. The Hemp Cradle For years, Colorado led the nation in industrial hemp production […]

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Do’s & don’ts of hemp cultivation

The Farm Bill opens a raft of opportunities for would-be hemp cultivators, including marijuana growers and smaller, traditional crop farmers. But doing it well requires shrewd planning and savvy dealmaking. When mulling a foray into growing hemp, consider the following: Ask for payment up front when making a deal to cultivate on behalf of another […]

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