Federal agriculture officials have introduced two crop insurance programs for hemp, both designed to protect farmers growing the new commodity from damage during natural disasters. But the programs have tight deadlines and limitations on who is eligible. The U.S. Department of Agriculture’s newly available Multi-Peril Crop Insurance and Noninsured Crop Disaster Assistance Program both provide […]Read More
Maine CBD processor Sun Kissed Industries has acquired a California company that makes CBD products sold in 20 states. Terms of Sun Kissed’s acquisition of Hakuna Supply on Thursday were not disclosed. Carl Grant, CEO of Portland, Maine-based Sun Kissed, said in a statement that the acquisition will “thrust Sun Kissed onto the global CBD […]Read More
After a season rife with challenges, Kentucky hemp producer and CBD manufacturer GenCanna Global and its subsidiary Hemp Kentucky filed for bankruptcy protection. GenCanna’s Chapter 11 filing on Wednesday followed involuntary Chapter 11 bankruptcy petitions filed in January by companies owed money by the Winchester, Kentucky-based firm: Pinnacle. Crawford Sales. Integrity/Architecture. According to the case […]Read More
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, has experienced a huge drop-off in milligrams of CBD sold in Florida over the past eight weeks. The trend accelerated this week, according to data analysis from Marijuana Business Daily‘s Investor Intelligence analysts. Trulieve’s market share of CBD sales has fallen nearly 20 percentage points […]Read More
Kentucky hemp fiber manufacturer Sunstrand has filed for bankruptcy protection in federal court. The privately held company filed for Chapter 7 bankruptcy, a type of bankruptcy sometimes called straight or liquidation bankruptcy. Based in Louisville, Sunstrand said it has between $100,001 and $500,000 in assets but owes more than $10 million. Its listed creditors include Hemp Traders, […]Read More
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 […]Read More
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 […]Read More
As the hemp industry nears the end of a year of tremendous change, it can be easy to marvel at the progress the industry has made in the past 12 months. But we wanted to find out what’s next for the hemp industry. So Hemp Industry Daily caught up with 20 insiders from across the […]Read More
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 […]Read More
After a seasonlong struggle associated with banking and financing their operations, hemp farmers and businesses can exhale now that federal and state financial institutions have loosened reporting restrictions on hemp banking and issued guidance to members.Read More
Analysts note that Village Farms International has the potential for a multiyear earnings growth story that could be among the best in class in the cannabis industry.Read More
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, Law360 reported. 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 […]Read More
Laura Drotleff Interviews Dr. Jonathan Vaught, CEO & Founder of Front Range BiosciencesHemp Industry Daily reporter, Laura Drotleff, interviews Dr. Jonathan Vaught, CEO & Founder of Front Range Biosciences.
Monica Raymunt Interviews Giovanni Isoldi, CTO at Materia Medica ProcessingHemp Industry Daily international reporter, Monica Raymunt, interviews Giovanni Isoldi, CTO at Materia Medica Processing.
Starting a CBD Business During a Time of UncertaintyThe economy has seen its fair share of up’s and down’s, but the CBD industry, still in infancy, has been a wild ride. The CBD industry has been the mecca for business entrepreneurs and start-ups, but what happens when economic or environmental circumstances out of your control strike? Hemp Industry Daily reporter Ivan Moreno, speaks with Jennifer Culpepper, Founder and Principal at Brand Joint and Co-founder at I+I Botanicals, and Christopher Gavigan, Founder and CEO at Prima, to discuss their experience during COVID-19.