Update: The launch scheduled for Friday morning was delayed until Saturday. A Kentucky hemp company is sending seeds into space to see what changes when the plant has less gravity. Winchester-based Atalo Holdings’ seeds will hitch a ride to the International Space Station aboard SpaceX 17, scheduled to launch Friday. Scientists will be looking at […]
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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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Curaleaf agrees to buy Cura Partners for CA$1.27 billion in all-stock deal
Massachusetts-based Curaleaf, a vertically integrated marijuana and hemp company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. Cura’s Select brands are available in more than 900 retailers, mainly in […]
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Health Canada cuts red tape for hempseed shipments to US
The hemp industry in Canada is welcoming a move by the country’s regulatory body to simplify the export of hempseed to the United States ahead of this spring’s planting season. Last week, Health Canada notified hemp license holders and applicants the agency would no longer require an import permit from the U.S. authority before issuing […]
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Hemp industry awaits more hemp import, export guidelines
Hemp entrepreneurs are still waiting to realize the benefits of being able to import hempseed as a commodity, even as they cheer recent assurance from the federal government that change is on the way. The U.S. Department of Agriculture (USDA) released new guidance this month on how hemp importing will work now that federal drug […]
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Europe’s hemp definition, ‘novel foods’ designation cloud region’s potentially booming CBD market
European hemp producers and manufacturers are struggling to capitalize on the global CBD boom and compete with U.S. manufacturers as they navigate the continent’s thorny regulations – but they’re optimistic that upcoming changes will open new CBD opportunities. The hemp and CBD industry wants the European Union to change its Common Agricultural Policy, which governs food […]
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Standards standoff: CBD, hemp industries debate how to self-regulate
Everyone in the hemp industry seems to agree that voluntary safety regulations would help the burgeoning CBD industry avoid troublesome regulations from the federal government. Problem is, there’s little agreement on how it should be done. Manufacturers and retailers have been sniping for years over the best way to grow and process cannabis used to […]
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Will hemp farmers have seed for 2019? USDA issues new guidance
The U.S. Department of Agriculture (USDA) has stepped in to assist hemp producers and exporters to bring hempseed to the United States now that the U.S. Drug Enforcement Administration (DEA) is not involved. In addition to the 2018 Farm Bill removing hemp and its derived products from the U.S. Controlled Substances list, the measure removed […]
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Canopy’s Linton: ‘Massive shakeout’ ahead for CBD sector
Upheaval is ahead for North America’s CBD market, and those companies that focus on data, research and branding are the ones that will likely survive, according to Canopy Growth CEO Bruce Linton. “Water’s free, and you can make a lot of money packaging and branding it,” he said at the Cannabis Conference in Toronto, hosted by […]
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Lawsuit: Federal farm official threatened Oklahoma farmers over hemp
An Oklahoma hemp company is suing a federal agricultural official for allegedly trying to coerce farmers away from participating in the state’s industrial hemp pilot program through false and unlawful statements. The lawsuit by Equitable Organic Ventures (EOV) claims that Scott Biggs, executive director of the Oklahoma division of the U.S. Department of Agriculture’s Farm […]
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Florida agriculture chief readies state for hemp industry
Florida’s farmers are hopeful that hemp will become legal in the state in time to plant this year. The idea also is gaining popularity among lawmakers, with hemp legislation making its way through the Florida state Senate and House. Farmers need a lifeline, and hemp is it, Florida Agriculture Commissioner Nikki Fried told Hemp Industry […]
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Hemp companies left looking for banking alternatives
The stability that the 2018 Farm Bill was supposed to bring to the hemp industry remains elusive, particularly on the banking front, where a risk-averse industry has been pulling its previously dipped toes out of the water. U.S. Bank’s payments processing subsidiary Elavon recently opted to pull out of offering services to hemp farmers and […]
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