Colorado Hemp Business & Legal News

Sanitas Peak to invest $3M in hemp producer Colorado Cultivars

Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp. Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado. Colorado Cultivars grew 1,500 acres of hemp in 2018 […]

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Colorado CBD manufacturer raises $65M to buy ‘mountains of hemp’

Loveland, Colorado-based Mile High Labs – a manufacturer of CBD crude oil, distillate and isolate – is borrowing $65 million to buy “millions of pounds” of pelletized hemp for CBD extraction. The company closed on the debt facility with investment firm MGG Capital. The term loan comes less than six months after Mile High Labs closed […]

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Landing tax incentives, grants for your hemp business

Savvy hemp entrepreneurs can snag free government dollars that are virtually out of reach for marijuana businesses. And now that the 2018 Farm Bill has become law, an even bigger checkbook awaits in the form of Uncle Sam. “The big money is the USDA,” said Jonathan Miller, a lawyer for the U.S. Hemp Roundtable, a […]

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Hemp boom: States report dramatic licensing increases for 2019

Hemp production is about to shift into overdrive in states where growers have been licensed to get started with the 2019 planting season. There is a dramatic increase in interest among new farmers looking to capitalize on hemp in states that have been growing the crop under pilot programs. Here’s an early look at 2019 […]

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Interstate hemp commerce under fire despite Farm Bill assurances

Hemp entrepreneurs are facing jail time and hefty legal fees for transporting the plant across state lines, despite a federal guarantee that states can’t block legal hemp transport. Massive police seizures in Idaho and Oklahoma raised questions about how state and local law enforcement are supposed to tell the difference between hemp and marijuana. Since […]

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Chart: Fast-rising CBD still trying to make inroads with mainstream retailers

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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Colorado hemp farmers can tap into state grant to hire interns

With the industry’s new federally legal status, hemp farmers have increased access to workforce-development grants that have long been available to other industries. Colorado has opened up roughly $40,000 for farmers to hire interns for at least 130 hours of work between now and June. All farmers can apply, including those licensed to grow hemp. Colorado […]

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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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CBD beverage maker eyes global expansion via $85M purchase of Utah company

A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know: New Age will pay $75 million […]

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Cannabis-waste recycler wins Colorado grant to develop aftermarket hemp products

A cannabis-waste startup has been selected to receive a $250,000 grant from Colorado to find aftermarket uses for hemp and marijuana waste. 9Fiber of Silver Spring, Maryland, plans to process waste hemp and marijuana stalks for industrial purposes such as bioplastics, construction materials and animal bedding. The company expects to start operations in Pueblo, Colorado, in […]

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Colorado vote poses risks, opportunities for hemp farmers

Colorado’s recent vote to move part of the hemp definition out of the state constitution has some entrepreneurs cheering, while others warn it could lead to federal meddling in the nation’s largest hemp market. Amendment X left the overall definition of hemp in Colorado’s constitution but removed the THC limit of 0.3%. The change allows […]

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