The market for hemp-infused topicals has never been hotter, with big-box retailers ranging from CVS to Sephora adding CBD creams and balms – despite pushback from U.S. health authorities. Even as the national market for topicals booms, though, opportunities abound for boutique CBD manufacturers in the U.S. spa industry, where wellness executives prize craft production even […]
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Cultivation Snapshot: U.S. Wholesale Hemp Prices and Supply
This snapshot delivers the most up-to-date, reliable hemp prices and market research for the top 10 hemp producing states. This (free) report compiles trends in supply, prices and market outlook from dozens of hemp farmers and purchasers across the states.
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Hemp for animal feed: Economic potential waits out legal maneuvering
Given hemp’s new legal status, many farmers and livestock producers want to explore cannabis for animal feed and the research that suggests its nutritional and developmental benefits. But they’re facing market and legal uncertainties that are familiar to those making hemp products for people. A 2017 Colorado study cited “a lack of domestic economic data” […]
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Hemp commodity exchanges scramble to offer vetted trading platforms
It’s August, and though national hemp production rules have yet to be released, the industry continues to develop new business options to fill the void for trade within the space. One new offering says it can give the entire hemp supply chain a way to verify advertised industrial products. PanXchange’s trading platform, which launched Thursday, said […]
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Editor’s Notebook: Why the hemp industry should heed cotton’s lessons and resist overproduction
Hemp is worth 10 times as much as soybeans. No, 20 times. No, 100 times.
Sound too good to be true?
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One of UK’s largest hemp farms forced to destroy crop amid policy changes
The case of Hempen, the United Kingdom’s not-for-profit farming cooperative, illustrates the extra hurdles British hemp farmers face in not being able to use the flower, the most valuable part of their crop. Based in Oxfordshire, Hempen had been growing hemp since 2015. And, until last year, the harvest was used to manufacture and sell […]
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Michigan hemp farmers worry privacy law could hurt business
Some in Michigan’s fledgling hemp industry are concerned that a state privacy law preventing agriculture officials from disclosing hemp farmers’ identities and locations could negatively affect their businesses. As a stipulation under the 2018 Farm Bill, applicants who seek to produce and process hemp must give their GPS coordinates. But the Michigan attorney general’s office […]
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‘Imperative to have mainstream experience’ in the growing CBD sector: Q&A with HeavenlyRx CEO Paul Norman
As hemp and CBD companies increasingly lure executive-level talent away from mainstream corporations, many are coming from large food companies. The Kellogg Co. is one of them. The $13 billion food giant recently saw three of its executives leave for positions in the cannabis space, including Paul Norman, a former president of Kellogg North America, […]
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Hemp rules delayed and insurance could take years, US senators told in key update
Nationwide hemp rules won’t be available until this fall, but still in time for the 2020 growing season, the U.S. Department of Agriculture told senators Thursday in an update on the new hemp industry.
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Washington state opens hemp opportunities, setting up conflicts with marijuana producers
A new hemp law in Washington state has marijuana growers concerned about the potential of cross-pollination from hemp growers, which could prove disastrous to their bottom line if it occurs.
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FDA issues Curaleaf CBD claims warning as calls mount to accelerate rulemaking
Federal drug authorities issued a warning Tuesday to one of the largest cannabis companies in the U.S. for how it is marketing and selling its CBD products. The U.S. Food and Drug Administration (FDA) sent a warning letter to Curaleaf, a vertically integrated marijuana and hemp company based in Wakefield, Massachusetts. The FDA accused Curaleaf […]
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Hemp, CBD companies lining up university research to validate anecdotal evidence
A surge in academic research about hemp-derived cannabinoids is giving CBD companies new opportunities to find university partners to validate mountains of anecdotal evidence about cannabidiol’s health benefits. The research boom is enabled by hemp’s new legal status and funded by cannabis entrepreneurs who see an opportunity to bring a stamp of authority to an […]
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