Illinois Hemp Business & Legal News

Top ornamental greenhouse operation ColorPoint making transition to hemp

One of the largest greenhouse operations in the United States is leaving ornamental bedding plant production behind and instead placing its chips on the burgeoning Kentucky hemp industry. ColorPoint, a Paris, Kentucky-based greenhouse operation owned by the industry-leading VanWingerden dynasty, said this week it is selling its 3.6-million-square-foot Granville, Illinois, facility to Red White & […]

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Illinois holding company buying hemp manufacturers, says it wants in on boom

An Illinois holding company is acquiring manufacturers that make hemp-derived CBD products, with an eye toward becoming a serious player in the space. Acquired Sales Corp. of Lake Forest is changing its name to CBD Lion and is flexing into the hemp market with significant acquisitions and investments: The company is acquiring Lifted Liquids – a […]

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Applications for hemp licenses continue to balloon across US

The number of applications to grow hemp received by states has continued to increase rapidly in the wake of the 2018 passage of the Farm Bill. The West Virginia Agriculture Department reported that the number of licenses issued so far this year has more than tripled to 158, compared with 46 in 2018. The agency […]

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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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Illinois governor approves hemp law aimed at commercial production

Illinois is no longer one of the nation’s largest hemp holdouts after Gov. Bruce Rauner signed a law to allow immediate commercial production, citing activity in nearby states. The new law contains some of the nation’s strongest language protecting farmers’ ability to make money growing hemp. Farmers can submit a hemp research plan if federal law […]

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