Maine Hemp Business & Legal News

Maine CBD executive settles SEC complaint for $390,000

The founder of a Maine-based CBD company will pay more than $390,000 to settle charges by the U.S. Securities and Exchange Commission that he advertised sales of unregistered securities on Craigslist. The SEC complaint alleges that, beginning in 2014, Richard Greenlaw of Kittery, Maine, raised approximately $500,000 from at least 59 investors by offering securities […]

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Maine’s largest hemp grower eyes blueberry plant for processing site

The largest hemp cultivator in Maine has identified a former blueberry processing plant as its future extraction site. Future Farm Maine – a subsidiary of Vancouver, British Columbia-based Future Farm Technologies – has signed a two-year lease for 12,960 square feet of the 60,000-square-foot building in Belfast, a coastal town about 100 miles north of […]

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Maine accepting applications for industrial hemp licenses

Maine residents who want to grow industrial hemp can now apply for the 2018 growing season. The fee schedule for prospective growers is $100 per application, $500 per license and $50 per acre. Maine has allowed industrial hemp cultivation since 2016, but federal law requires a permit for the cannabis plant, regardless of what it’s […]

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Largest hemp farm in Maine getting even bigger

A Canadian company that specializes in indoor marijuana production is ramping up its move to grow hemp in the United States. Future Farm Technologies of Vancouver, British Columbia, is adding 100 acres to its Maine hemp farm, nearly doubling its acreage, according to a company news release. The deal includes an option for Future Farm […]

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Canadian MJ grower buys Maine hemp farm for CBD production

A Canadian company that specializes in indoor marijuana production is going outside – buying a Maine hemp farm to ramp up its CBD oil production. Future Farm Technologies of Vancouver said in a news release it has acquired a 120-acre industrial hemp farm in Amity, Maine. Terms weren’t disclosed. Derek Ross, the farm operator and Future […]

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Industrial Hemp Production Can Begin in Maine

Farmers in Maine can start planting hemp immediately under emergency legislation that goes into effect immediately. The measure allows growers to legally purchase seed from certified sources and cultivate hemp for commercial purposes, according to the Bangor Daily News. The state’s agriculture department will set fees for cultivation licenses, which the law says must be […]

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