Hemp Industry News

Week in Review: Nevada’s unhappy MJ growers, hemp’s friends in Congress & New York weighs adult use

Nevada marijuana growers are displeased with the state’s updated regulations, Congress members counter the DEA’s view of CBD, and New York may take a look at recreational cannabis. Here’s a closer look at some notable developments in the marijuana industry over the past week. Direct sales in Nevada As Nevada finalizes the rules for its […]

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Colorado company develops first US-bred hemp seed variety

A Colorado cannabis company has developed the first hemp seed bred entirely in the United States in the modern era, according to the state’s agriculture department. The Colorado Department of Agriculture said the seed variety, called NWG-Elite, was developed by New West Genetics, a cannabis biotechnology company in Fort Collins. “This is the first U.S.-bred […]

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Crowdfunding effort nets CA$6.2M for Canadian hemp, marijuana company

A new crowdfunding method aimed at smaller investors helped a Canadian cannabis company raise 6.2 million Canadian dollars ($4.1 million). True Leaf Medicine, a company in Vernon, British Columbia, that makes hemp-derived treatments for animals and marijuana products for humans, launched its so-called Regulation A+ stock offering last November. The company plans to use the money […]

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Sessions’ marijuana antagonism spooks hemp industry, but some see silver lining

Attorney General Jeff Sessions didn’t have hemp in mind when he repealed Obama-era protections for state-legal marijuana businesses. But his Jan. 4 announcement sent shock waves into the hemp industry, too, leaving entrepreneurs scrambling to reassure skittish investors. It’s been a rocky couple of weeks for hemp entrepreneurs. That’s despite the fact that hemp’s legal […]

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CBD confusion mounts in Iowa as police seize goods but don’t always test for THC

Iowa police who’ve been seizing CBD products off stores shelves have in some cases not been testing them to see if they contain illegal THC, adding to the confusion surrounding cannabidiol’s legal status in the state. Authorities have seized oils, lotions and candies containing CBD in at least two jurisdictions, the Des Moines Register reported. Some […]

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Congress members defend CBD, blast DEA’s hemp decision

In a bold show of support for the hemp industry and CBD, 28 members of Congress are asking a federal appeals court to reject the Drug Enforcement Administration’s argument that cannabidiol is a Schedule 1 drug. The Congress members filed the brief Thursday in conjunction with a pending lawsuit against the DEA. The 9th Circuit Court […]

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Week in Review: New York medical cannabis, the future of Colorado hemp & Maryland banking

New York approves an expanded line of medical marijuana products, a Colorado hemp producer departs for Arkansas, and a Maryland credit union welcomes MMJ businesses. Here’s a closer look at some notable developments in the marijuana industry over the past week. New York blues It’s bullish news that one of New York’s licensed medical marijuana […]

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Colorado hemp producer leaving for Arkansas’ new market

A hemp grower and CBD manufacturer in Denver is shifting operations to Arkansas, which will allow hemp cultivation and processing for the first time this year. Tree of Life Seeds is owned by Arkansas natives who said they set up shop in Colorado in 2015 to learn the ins and outs of the hemp industry. […]

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$3.2 million hemp processing plant in New York gets state funding

A new $3.2 million facility near Binghamton, New York, is the first in the United States to receive some form of government assistance to promote the processing of hemp. The hemp processing plant, an unnamed project slated to open later this year, is receiving $650,000 from the state, Binghamton TV station WIVT reported. It is the […]

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Indiana apologizes to 50 businesses cited for selling CBD

Indiana authorities are apologizing to about 50 businesses after regulators erroneously cited them for selling illegal CBD products. The letters were sent despite assurances by state officials that the store owners wouldn’t be penalized until CBD’s legal status is settled. Indiana’s Alcohol and Tobacco Commission sent the citation letters just before Christmas, WTHR-TV reported. The letters […]

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New Mexico hemp industry blocked again in court ruling

New Mexico’s hemp industry is on hold – again – after the state Supreme Court put the brakes on two bills setting up hemp production. The 3-2 decision doesn’t mean New Mexico’s hemp program is permanently blocked, according to the Santa Fe New Mexican. Instead, the justices ruled that two hemp bills vetoed last year […]

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