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Coronavirus uncertainty prompts hemp farmers to lock down seeds, but some see turbulence ahead

Farmers had been holding off on buying hempseed and young plants this spring. But as the global coronavirus outbreak continues to ravage the U.S. economy and municipalities and states have begun to mandate shelter-in-place orders, producers have been reaching out to confirm their orders and are eager to get their crops planted this season, according […]

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Elixinol refocuses CBD strategy, global ambitions amid FDA inaction

Australian hemp company Elixinol Global had grand ambitions when it went public on the Australian Securities Exchange in January 2018, offering what might be termed the holy trinity of hemp business offerings: one for hemp and CBD supplements, one for hemp food products and one for an emerging medicinal marijuana market in Australia. Less than […]

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USDA secretary calls hemp rules a ‘draft,’ sparking industry optimism

Hemp farmers and industry members cheered in late February when federal agriculture officials lifted enforcement action requiring that hemp be tested in U.S. Drug Enforcement Administration-registered labs and the disposal portion of the interim final rule. Now they might have reason to cheer again, according to industry insiders. That’s because Agriculture Secretary Sonny Perdue told […]

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Uncertain future for CBD, continued competition drive down CV Sciences’ fourth-quarter sales

CV Sciences, a San Diego-based CBD manufacturer that makes topical treatments sold nationwide, saw sales drop by 34% in the most recent fiscal quarter as the company blamed an overheated market for missing analyst expectations. “The category is simply over-branded,” CEO Joseph Dowling told investors Monday about the quarter that ended Dec. 31. During the […]

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‘We don’t have any issues with destroying hot crops’: Q&A with the president of the Canadian Hemp Trade Alliance

Talking about hemp comes easy to Keith Jones, the new president of the Canadian Hemp Trade Alliance. He’s been growing industrial hemp at his farm in southern Alberta for more than 20 years. But Jones still talks about it like great discoveries and opportunities await. Hemp Industry Daily recently caught up with Jones to talk about the […]

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Germany, hemp advocates clash over policy on CBD in food

Hemp advocates and food-safety regulators in Germany are at loggerheads over whether all forms of cannabinoids require additional scrutiny before they can be sold in foods and drinks. The dispute came to a head last week when the European Industrial Hemp Association released a statement that the German government agrees that foods containing hemp-derived CBD aren’t […]

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Tax relief and higher THC limits: Q&A with U.S. Rep. Denver Riggleman

Raise THC limits, improve access to banking, provide tax relief and offer opportunities for new hemp and CBD businesses – one Congressman has heard distress calls from the nascent hemp industry and is working to introduce legislation that could help. U.S. Rep. Denver Riggleman, a Republican from Virginia, says he plans to introduce legislation called […]

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