Hemp Finance, Investing and Banking News


Hemp farmers should act fast to sign up for new USDA crop insurance options

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 […]

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CBD processor acquires California brand, plans to expand footprint

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 […]

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Hemp producer GenCanna files for Chapter 11 bankruptcy protection

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 […]

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EXCLUSIVE: Dominant Florida medical cannabis supplier sees huge CBD dip

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 […]

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Hemp fiber manufacturer Sunstrand files for bankruptcy

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, […]

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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, 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 […]

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