CBD’s meteoric rise in popularity has hemp growers finding all kinds of market opportunities that don’t exist for THC products, including yoga studios, pet boutiques, gyms and coffee shops – all foreign territory for marijuana-derived products. One Kentucky hemp producer even has CBD products being sold in tractor supply stores; a North Carolina CBD company has […]
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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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Canada marijuana titans flexing into US hemp industry
Flush with cash and looking for a toehold in the United States, Canadian marijuana companies are making big investments in hemp. Consider: Canopy Growth (NYSE: CGC), an Ontario marijuana producer that snagged an investment for 5 billion Canadian dollars ($3.8 billion) from a New York alcohol company, recently announced it is entering the U.S. hemp market. […]
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Federal shutdown snags US hemp industry as farmers, processors await direction
American hemp entrepreneurs had to wait only 48 hours after the signing of the watershed 2018 Farm Bill to start experiencing the downside of offering a product regulated by the U.S. government – specifically the budget impasse between President Trump and Congress that led to federal operations shutting down. The budget dispute had no direct […]
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Uruguay continues Latin American cannabis leadership with hemp industry
Uruguay, often recognized as the pioneer in legalized recreational marijuana, is also building a solid foundation to support its hemp industry. “Uruguay is an agricultural country with a clear regulatory framework that offers attractive conditions for large-scale outdoor cultivation (of hemp),” said Maria Belen Algorta, who oversees Uruguay operations for Australia-based Ecofibre. “As far as […]
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FDA Crystal Ball: 5 expert tips on CBD in the newly legal hemp industry
Nationwide legalization brought elation to the hemp industry, but it also brought anxiety as CBD manufacturers and retailers await guidance from federal health regulators on how the extract can be incorporated into foods, drugs and cosmetics. CBD is – by far – the largest component of the U.S. hemp industry, so the concern is widespread. […]
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‘Everybody’s wanting seed’: Hempseed market heats up after Farm Bill passage
CBD-rich hempseed is legal now, but it’s also rare, giving plant breeders a huge new market as barriers to national hempseed distribution are removed. The 2018 Farm Bill guarantees interstate commerce for all hemp products, removing requirements that viable hempseeds require approval from the U.S. Drug Enforcement Administration. But the law leaves in place requirements […]
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‘You need standards’: Q&A with Marielle Weintraub of the US Hemp Authority
The fast-growing CBD industry has a problem: It’s bedeviled by dangerous lookalike products and scary warnings from top medical journals and the U.S. Food and Drug Administration. Even as CBD enters the mainstream, enabled by the 2018 Farm Bill, the industry lacks specific regulations to help consumers and authorities distinguish healthy products from dangerous phonies. […]
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Hemp Notebook: Why your growing hemp business needs legal counsel before disputes arise
Hemp is making strides faster than activists dreamed even a couple of years ago.
But there’s a darker side of this go-go hemp industry.
Lawsuits and legal disputes are popping up just as quickly as product announcements and merger deals.
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FDA to give CBD industry ‘predictable’ guidelines but repeats cannabidiol not allowed in food
In response to hemp legalization being signed into law Thursday, the U.S. Food and Drug Administration issued a reminder that CBD and THC are still not legal to add to food – but promised further review of its guidelines.
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With Trump’s signature on the Farm Bill, hemp gains federally legal status
President Donald Trump has signed hemp legalization into law, a change expected to unleash seismic market changes for the hemp industry. Trump’s signature on the 2018 Farm Bill immediately removes hemp – defined cannabis below 0.3% THC – from the Controlled Substances Act. The change also applies to extracts from hemp, including CBD and other […]
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CBD boom goes bust in Austria as officials ban the extract in food, cosmetics
Austria’s Minister of Health ordered businesses to immediately stop selling CBD food and cosmetics because the products fall under the European Union’s definition of “novel food.” Cannabidiol is explicitly included in the EU’s novel food catalog, which means individual member countries may limit the marketing and sale of it without specific authorization. Business Association Cannabis Austria CEO Stefan Wolyniec […]
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