Cannabis retail giant Green Growth Brands, which abruptly laid off 870 workers last week and told them that plans to sell part of the business could be delayed “until the world begins to resume normalcy,” is trying to reassure investors and former employees that its transition plans are intact.
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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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Mexico’s legalization of hemp, marijuana could be ‘quite significant’ for US markets
Mexico is poised to become the world’s most-populous country with legal marijuana and hemp next month – and, unlike its northern neighbor, Mexico is setting nationwide regulations to cover all forms of cannabis, no matter the THC content, instead of having a patchwork of laws for the two plants. That could potentially open more business […]
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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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Reporter’s Notebook: Why hemp producers should use biocontrols to promote sustainable production
Cannabis is often touted as a self-sustaining crop that doesn’t need pest protection. Yet in 2019, outdoor hemp farmers saw heavy disease and pest pressure.
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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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California hemp, CBD impasse continues as manufacturers await clarity
California hemp and CBD producers were hoping for speedy action this year on a long-debated proposal to clear a path for hemp extracts in foods and drinks.
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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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