Hemp Finance, Investing and Banking News

Have a smart hemp idea? Share it at the 2020 Hemp Industry Daily Conference

Are you passionate about hemp and want to share your thoughts, advice and innovative ideas with an engaged and sophisticated audience? Applications are now available to become a speaker at the second Hemp Industry Daily Conference, June 3-4 in New Orleans. Brought to you by the editors of Hemp Industry Daily, this conference is the […]

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Physicians warming to CBD drug for epilepsy, pharmaceutical maker tells investors

Broad physician adoption of a cannabis-derived epilepsy treatment is boosting sales for the only company with federal permission to sell cannabis products in the United States. London-based GW Pharmaceuticals told investors Monday that it notched $108 million in sales last quarter and $309 million for calendar 2019. The sales figures were released in advance of the company’s […]

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Federal appropriations bill includes nearly $20 million in hemp industry provisions

A $1.4 trillion federal spending bill that passed both houses of Congress and was expected to be signed Friday by President Donald Trump reportedly includes provisions that would benefit hemp and CBD businesses. The Consolidated Appropriations Act of 2020 secures nearly $20 million in funding for the growing hemp industry, according to U.S. Senate Majority […]

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Canopy Growth gets green light to move forward with suit against CA hemp farm

Canadian cannabis giant Canopy Growth has the go-ahead to continue its lawsuit against a California farm it accuses of misusing a deposit and killing hemp plants worth millions. Canopy Growth is suing Research and Development Farming (RDF) of California’s Central Valley, which contracted to grow 500 acres of hemp for the Ontario company in 2019. In a lawsuit […]

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CV Sciences reports falling revenues, sales amid ‘flood’ of new competitors

CV Sciences, a San Diego-based CBD manufacturer, reported revenue of $12.6 million for the third quarter ended Sept. 30, down more than 7% from the same period a year ago. Profit for the quarter was $8.4 million, down 15% from the previous year. The results fell well short of analyst expectations even as CV Sciences […]

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Cann-Is Capital to buy all shares of CWE European Holdings

Cann-Is Capital Corp., a Toronto-based firm that helps cannabis businesses raise capital, has bought all outstanding equity of CWE European Holdings, a privately held Canadian holding company that sells CBD in German-speaking countries in Europe. Cann-Is Capital did not disclose a purchase amount. CWE, based in Calgary, Alberta, owns and operates six stores in Germany […]

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Hemp banking protections pass US House as part of landmark cannabis bill

House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]

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California hemp and cannabis testing lab raises $22.6 million

Cannalysis, a hemp and cannabis testing lab based in California, raised $22.6 million that it said will fund its expansion in the state as well as helping it to move into other marijuana markets in the U.S. The Santa Ana-based company raised the money from Canlab, a cannabis, hemp and CBD testing laboratory network. The […]

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