Finance, Investing and Banking

New York reinvigorating hemp program with $10M in grants

New York state is opening its ramped-up hemp program with a call for new growers and an offer of up to $10 million in grant funding. The grants come in two categories: $5 million will fund industrial hemp research, including nearly $1 million in partnerships with Cornell University and Morrisville State College to support industrial hemp […]

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New York aims to ramp up hemp industry with new law, funding

New York is bullish on hemp. Gov. Andrew Cuomo on Wednesday signed legislation aimed at boosting production of hemp and committed $10 million in state funds to ramp up the industry. In signing the bill into law, the governor said hemp holds great potential for New York’s agricultural and biotech industries. According to the Albany Times […]

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Medical Marijuana Inc. partners with CannaNative on CBD product

California-based Medical Marijuana Inc. and Native American company CannaNative have put together a hemp-derived CBD product line to be sold on tribal lands. The companies said in a news release Monday that Medical Marijuana Inc. and its HempMeds subsidiary will produce the product line, which will be sold under the CannaNative brand. It will be offered […]

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$42M Merger Creates Hemp Juggernaut in Canada

A single company is about to dominate Canada’s thriving hemp-based foods industry. Manitoba Harvest this week acquired Hemp Oil Canada for $42 million, which will give the combined company an edge in two industries: hemp foods and hemp ingredients, according to the Winnipeg Free Press. Manitoba Harvest will generate an estimated $75 million in annual […]

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Colorado City Giving Hemp Firm $5M in Incentives

The city of Pueblo, Colorado, is giving an upstart company a package of incentives worth $4.89 million to buy equipment and transform a long-shuttered former Boeing plant into a large CBD and hemp processing facility. The deal marks the first time a city has backed a hemp company to spur economic development, according to a statement from the […]

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22 Companies Investing in Kentucky Hemp Industry

Kentucky may just get the industrial revolution it was hoping for from hemp. So far, the state has seen 22 companies throw money into industrial hemp cultivation and processing, fueling hopes that the plant will rejuvenate Kentucky’s lagging agricultural economy. One company, GenCanna, has even pumped $5 million into a 100-acre grow site for industrial hemp and is hoping […]

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