As traditional agricultural firms increasingly wade into the hemp and marijuana markets, one Colorado cannabis biotech firm is going the opposite direction. Front Range Biosciences of Lafayette uses tissue-culture technology to make “plantlets” for hemp and marijuana producers. Now the company is branching into coffee production, planning to use the technology it perfected on cannabis […]
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2018 Farm Bill Report
The hemp industry experienced a seismic shift with the passage of the 2018 Farm Bill: Cultivation of hemp is now federally legal, and so is hemp-derived CBD. Hemp Industry Daily breaks down the new rules for you in our SPECIAL REPORT on the future state of the industry, 2018 Farm Bill: What’s Next for Hemp?
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Cannabis, CBD industry wary of looming decision on epilepsy drug
The most disruptive product to hit the newly legal hemp industry might be one that will never be sold directly to consumers. GW Pharmaceuticals, a London-based biotech company, is awaiting a final decision from the U.S. Food and Drug Administration to produce the first cannabis-derived treatment to win approval as legal medicine. The decision on […]
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Oregon extraction restrictions to extend to hemp, not just marijuana
Oregon’s licensed hemp producers are applauding a pending law that will give them exclusive rights to extract CBD from hemp flower using common hydrocarbon methods – a national first. The measure, awaiting the signature of Gov. Kate Brown, also gives Oregonians the right to grow hemp at home. Other marijuana states that authorize home cannabis […]
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Welcome to Hemp Industry Daily
Sometimes you have to take a step back to see the whole picture. And when you do, you see a whole new image. Welcome to Hemp Industry Daily, a business news service from the publishers of Marijuana Business Daily. Marijuana is a variety of hemp that gets enormous public attention because its flowers become intoxicating […]
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Chart: U.S. hemp production soars in 2017
Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]
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CBD limits loosening in states written off by marijuana reformers
Far from the bustling marijuana dispensaries in Las Vegas and California, rural and politically conservative states with limited cannabis laws are loosening restrictions that once had marijuana entrepreneurs writing them off as infertile territory.
“Progress is being made in places you’d never have thought possible,” said Keith Stroup, founder of NORML.
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Hot ink: CBD makers hoping tattoo-care products will open new $1.6 billion market
A growing number of hemp companies are launching products aimed at the tattoo industry, from CBD patches marketed as pain relief to balms and creams designed to speed recovery, to expand their retail opportunities. “A tattoo, it’s basically just an open wound,” said Ali Munk, spokeswoman for Infinite CBD, a Denver company that makes hemp-derived […]
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Hemp State Highlight: Kentucky invests in hemp but wonders if peak has passed
Kentucky checks all the boxes for nourishing a hemp revival.
Climate suited to the plant? Check. Friendly regulations from a state willing to experiment and invest in hemp? Check.
Lots of cheap land and a processing infrastructure that includes in-state decortication and CBD extractors? Check and check.
So why do some agronomists fear that Kentucky has reached its hemp zenith?
Hemp company launches first cannabis line aimed at minorities
A North Carolina company is making the cannabis industry’s first play for consumers of color with a line of beauty products aimed at ethnic minorities. The Hemp Excellence line of body lotions, lip balms and CBD capsules went on sale this month at two beauty shops that cater to women of color in Winston-Salem, North Carolina. […]
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Hemp State Highlight: Minnesota embraces revived hemp crop, but profits elusive
Ever wondered why the U.S. hemp harvest is so tiny despite the crop’s adaptability and market potential?
Minnesota is a great place to find some answers.
The North Star State has allowed modern hemp production since 2016 and has flexible rules on how the crop can be used.
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Hemp State Highlight: Colorado’s market dominance threatened by falling prices, processing logjams
(This is the ninth installment in a series that examines hemp markets in U.S. states. Other installments: Nevada, New York, North Carolina, North Dakota, Oregon, Tennessee, Vermont and Virginia.) No hemp discussion goes far in the United States without a mention of Colorado, where more than half the nation’s 2017 hemp production occurred. Colorado has more acres in hemp, more farmers […]
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