United States regulators say hemp businesses should not be treated with any more suspicion than other bank customers. The number of banks in the United States willing to lend to hemp producers can be counted on one hand. That is about to change. Federal and state bank regulators announced Tuesday that they were scrapping a […]
Hemp Business Executive
Proposed federal hemp rules would hurt Maine’s fledgling industry, state officials say
State agriculture officials are saying new federal rules regulating hemp production nationally would hurt Maine’s rapidly growing hemp industry. The rules proposed by the U.S. Department of Agriculture are open for public comment, and Maine Department of Agriculture, Conservation and Forestry Commissioner Amanda Beal detailed the state’s concerns about them in comments released Wednesday. Hemp, […]
Hemp or Pot Farm? Police and Thieves Can’t Always Tell
Farmers in New York have taken drastic measures to protect their crops from trespassers and authorities who think they’re targeting marijuana. SALEM, N.Y. — She planted her spring crops at the family farm, following the same steps as her ancestors did as they farmed the land for seven generations. She tilled the soil, sowed the […]
November 2019 Spot Market Update
Spot Market Update: Biomass Spot Pricing: The price of biomass across the three PanXchange benchmarks (Colorado, Kentucky, and Oregon) has continued to decline on a month-over-month basis, largely due to the outdoor growing season’s flood of supply into the market. For November, biomass transacted in the range of $0.80 to $1.40 per percentage point of CBD […]
Rebuke: FDA warns 15 companies for illegally selling various products containing cannabidiol as agency details safety concerns
PRESS RELEASE WASHINGTON–(BUSINESS WIRE)–In response to an alert from the U.S. Food and Drug Administration (FDA), “What You Need to Know (And What We’re Working to Find Out) About Products Containing Cannabis or Cannabis-derived Compounds, Including CBD,” and a news release, “FDA warns 15 companies for illegally selling various products containing cannabidiol as agency details […]
FDA warns 15 companies for illegally selling various products containing cannabidiol as agency details safety concerns
Press Release Violations include marketing unapproved new human and animal drugs, selling CBD products as dietary supplements, and adding CBD to human, animal foods Today, the U.S. Food and Drug Administration issued warning letters to 15 companies for illegally selling products containing cannabidiol (CBD) in ways that violate the Federal Food, Drug, and Cosmetic Act […]
Contract Manufacturing in the Supplement Industry
With consumer health products in demand, manufacturing specialists offer considerable value. Demand for wellness products continues to gain steam, fueled by an aging population with a preference for natural, holistic medicine and also a younger, emerging demographic that has adopted a general self-care and preventive approach to health. Globally, sales of consumer health products reached […]
Whitney Economics Releases Results of U.S. Hemp Industry Survey
PRESS RELEASE Survey Says Hemp Industry is Poised to Become the Fourth Major U.S. Crop and a Foundation to American Agriculture PORTLAND, Ore.–(BUSINESS WIRE)– Economist Clarissa Allen and noted cannabis economist Beau Whitney, of Whitney Economics (WE), today released the results of “The Field of Dreams: An Economic Survey of the United States Hemp Cultivation […]
Budding Hemp Farmers Struggle To Find Success In The ‘Green Rush’
Hemp farming exploded after the 2018 Farm Bill passed last December. The bill decriminalized the plant at the federal level, opening the door for many U.S. farmers to grow and sell hemp. Over the past year, licensed hemp acreage increased more than 445%, according to the advocacy and research group Vote Hemp. More than 510,000 acres of hemp […]
To Eat or Not to Eat: CBD “Edibles” Receive Mixed Reaction from States and Steady Opposition from FDA
By Megan Robertson and Gail H. Javitt Gummies, brownies, sodas, cookies . . . consumers have been developing a growing taste for food and dietary supplement products containing cannabidiol (“CBD”) over the last few years as states have moved to legalize cannabis for medical or limited recreational use. With the passage of the 2018 Farm Bill on […]
With Storm Clouds Brewing, Marketers of CBD Products Can Seek Shelter in the Lessons Learned by Food, Beverage and Dietary Supplement Manufacturers
By Richard Fama and Kristin Keehan Consumer class action lawsuits have been the proverbial thorn in the side of food, beverage and dietary supplement manufacturers for years. Rather than focusing on the integrity of the products themselves, these lawsuits typically challenge representations on the products’ labels and advertising. Whether asserting claims that potato chips aren’t […]
In their first year, U.S. hemp farmers struggle with bad weather, mold, inexperience
Ajit Singh strode across his 16-acre hemp field toward a broken-down harvester. He’d been hoping all day that the mechanic now crouched beside the machine could get it back up and running. It was late October and Singh still had thousands of stinky green and purple cannabis plants across 425 acres to pick, dry and […]
CBD Industry Not Likely to Maintain Accelerated Growth in a ‘Buyer Beware’ Environment
Various sources and market analysts predict exponential growth in consumer sales of CBD-specific products in the US marketplace. Experts point to changing state and federal policies, as well as growing public familiarity and demand for CBD products as reasons to foresee continued rapid market expansion. But these rosy economic outlooks largely avoid any mention of […]
Hemp Game Changer: USDA Rulemaking Shapes Future for California Hemp Market
The California hemp industry received welcome news recently when the U.S. Department of Agriculture (USDA) released its much-anticipated interim final rule for hemp production, a critical step toward implementing the 2018 Federal Farm Bill and a key development for states wanting to regulate their own hemp markets. The USDA hemp interim final rule (interim rule) is 160 […]
USDA Hemp Regulations: What Was Expected, Unexpected and Unanswered
On October 29, 2019, the United States Department of Agriculture (USDA) released its long-awaited hemp cultivation regulations, marking the first federal hemp farming regulations in the United States since the crop was banned in 1937. These regulations implement provisions of the 2018 Farm Bill and are effective October 31, 2019. Upon official publication, the USDA […]
October 2019 Spot Market Update
Spot Market Updates: The biomass market is heating up with regard to frequency of transactions as producers harvest fresh biomass and it enters the market. Prices of biomass across the three PanXchange benchmarks have continued to transact in a similar range as product is readily available throughout the country. The biomass market, in general, has transacted […]
EXMceuticals obtains its research and development license for its TecLab facilities in Portugal
PRESS RELEASE VANCOUVER, British Columbia, Oct. 23, 2019 (GLOBE NEWSWIRE) — EXMceuticals Inc. (CSE: EXM) (FSE: A2PAW2) (the “Company” or “EXM”), a cultivator and producer of high-grade cannabis is pleased to announce that it has obtained the licence for cannabis research and development from INFARMED, the Portuguese National Authority of Medicines and Health Products. This license […]
What Does a Plant Patent Covering the Charlotte’s Web Strain Mean for the CBD Industry?
By: Pauline M. Pelletier and Deborah A. Sterling, Ph.D. Many cannabis and investor news outlets recently reported that the United States Patent & Trademark Office (USPTO) awarded what appears to be the first patent for a hemp strain to Denver-based Charlotte’s Web Holdings (CWBHF).[1] Plant patents are relatively rare compared to utility patents, but it […]
