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Tobacco company invests $15 million to bring LA cannabis line to THC-free markets

A Kentucky tobacco company is deploying $15 million to a Los Angeles marijuana vape company that plans to expand its footprint by building out a line of THC-free CBD products.

Tobacco company invests $15 million to bring LA cannabis line to THC-free markets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Hemp Alliance of Tennessee Hemp Cultivation

Indiana says a new law fixes dispute over smokable hemp ban, but companies disagree

Indiana says that hemp companies challenging a ban on smokable hemp can't add a Tennessee hemp association to the case or make other changes because a new state law allows interstate transport of the plant as long as it's between licensed entities.

Indiana says a new law fixes dispute over smokable hemp ban, but companies disagree is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Cannabis Doing Good CBD Products & CBD Business News CBD Retail

Best practices for hemp firms to recruit – and retain – diverse talent

(This story appears in the October issue of Marijuana Business Magazine. It has been updated to correct the number of Vertosa employees.) Many businesses are being challenged to advance racial diversity and social equity in their communities—and cannabis companies are no exception. Diverse staffing should be part of the hemp industry’s holistic approach to corporate […]

Best practices for hemp firms to recruit – and retain – diverse talent is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs California Hemp Business & Legal News CBD Products & CBD Business News

3 California men convicted of trying to defraud investors with phony CBD company

Three California men have been convicted for trying to boost the stock price of a shell CBD company by writing bogus press releases making it seem like the business was prospering.

3 California men convicted of trying to defraud investors with phony CBD company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Featured German Federal Institute for Risk Assessment Hemp Cultivation

Hemp Countries To Watch: From dominant China to tiny Lithuania, more nations are embracing uses for the plant

Hemp has captured the imaginations of entrepreneurs for a few years now, and while the United States is experiencing a CBD-craze, it’s easy to forget there’s a whole world of hemp out there. And, depending on the country, not all of it is grown to extract cannabidiol (CBD). 

Hemp Countries To Watch: From dominant China to tiny Lithuania, more nations are embracing uses for the plant is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News CBD Retail Featured

Reputation, revenue at stake as Brazil weighs legalization of cannabis cultivation

Brazil has fast-tracked a draft law that would legalize the cultivation of medicinal cannabis and industrial hemp, and the stakes are high. South America’s largest economy leads the world in several commodities markets, and some politicians say its farmers are keen to expand into hemp. Several other Latin American countries – Uruguay and Paraguay in […]

Reputation, revenue at stake as Brazil weighs legalization of cannabis cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD CBD Products & CBD Business News

German CBD maker secures undisclosed investment after €5 million valuation

A German CBD extractor has secured funding of an undisclosed amount from an independent investor in Hamburg who valued the company at €5 million ($5.9 million). Signature Products GmbH did not disclose the size of the investment but said in a statement that the investor’s appraisal makes it the youngest cannabis startup with the highest […]

German CBD maker secures undisclosed investment after €5 million valuation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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cbd extraction CBD Products & CBD Business News Drug Enforcement Administration

Hemp industry worries DEA rule puts extractors at risk, but path forward unclear

U.S. hemp producers are alarmed about a Drug Enforcement Administration rule that they argue would make extracts a Schedule 1 controlled substance during a portion of the extraction process when the plant’s THC levels spike above what’s allowed. The rule released last month has the industry reeling and wondering what steps to take to ensure […]

Hemp industry worries DEA rule puts extractors at risk, but path forward unclear is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Brazil Briefs Hemp Cultivation

Brazilian cannabis advocates, critics attend virtual hearing on draft cultivation law

South America’s largest economy took another step toward legalizaing cannabis cultivation on Tuesday when parents, clergy members, physicians, growers and regulators logged online to attend a public hearing on a draft law that would legalize the cultivation of cannabis in Brazil. The technical meeting was organized by the lower house’s special commission for the regulation […]

Brazilian cannabis advocates, critics attend virtual hearing on draft cultivation law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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California Hemp Business & Legal News Colorado Hemp Business & Legal News Featured

As national USDA rules loom, industry ramps up pressure for changes or delay

As the deadline approaches for single set of nationwide hemp-production rules, states and industry associations are pressuring the U.S. Department of Agriculture to delay implementation of its new rules, warning the federal agency that several states won’t meet the deadline.

As national USDA rules loom, industry ramps up pressure for changes or delay is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Brightfield Group California Hemp Business & Legal News CBD Products & CBD Business News

CBD prices are falling as companies seek new consumers. Is that a good thing?

CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19.

CBD prices are falling as companies seek new consumers. Is that a good thing? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs California Hemp Business & Legal News CBD Products & CBD Business News

CV Sciences reports revenue decline for second straight quarter

CV Sciences Inc., a San Diego-based CBD manufacturer, reported $5.4 million in revenue for the fiscal quarter that ended June 30 - a massive drop from the $16.9 million it reported during the same period in 2019.

CV Sciences reports revenue decline for second straight quarter is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Cultivation

Hemp in Europe: What you need to know to be a successful investor

Hemp is seeing a new heyday. More countries are expanding their industrial hemp programs, even as confusion continues to reign around the valuable extract, CBD. One just needs to look at Europe to see the opportunities that abound—if the finer details of legality can be navigated. Welcome to the first Hemp in Europe report from […]

Hemp in Europe: What you need to know to be a successful investor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Cultivation

Hemp Industries Association dismantles state-chapter system

The Hemp Industries Association is closing its 13 affiliates nationwide and forming a group to recommend a new structure for the nonprofit advocacy organization. The HIA board’s decision announced Thursday comes during a time of great tumult for the organization, with departures from high-profile leaders over the last year and some member chapters saying the […]

Hemp Industries Association dismantles state-chapter system is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Featured Hemp Cultivation Hemp Fiber and Grain News

Hemp industry groups join to explore checkoff program, but have long way to go

National hemp groups are organizing a campaign to establish a checkoff program – a sometimes-acrimonious system designed to raise money for industry research and promotion by taxing those who profit from the plant.

Hemp industry groups join to explore checkoff program, but have long way to go is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Finance

European Commission weighs narcotic label for CBD, halts “novel food” applications

The European Commission has decided to halt "novel foods" applications to infuse edibles with CBD because it's considering labeling the ingredient as related to narcotics.

European Commission weighs narcotic label for CBD, halts “novel food” applications is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Canada Hemp News CBD Products & CBD Business News

Canadian hemp company buys stake in Germany growing operation

A Canadian hemp company has bought a 5% ownership stake in a German hemp company with an outdoor growing operation of more than 1,200 acres. EuroLife Brands, based in Toronto, said it is issuing 500,000 common shares valued at $250,000 and a cash payment of $35,000 for its initial stake in Farmhus GmbH. As part […]

Canadian hemp company buys stake in Germany growing operation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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FDA Featured Global Wellness Institute

Overheard at HIDC: 10 reasons hemp entrepreneurs can still be optimistic about the industry

Hemp isn’t a bust, despite the industry’s growing pains and all the headlines in the mainstream media that suggest otherwise. That’s the message Kristen Nichols, the editor of Hemp Industry Daily, had for entrepreneurs at the Hemp Industry Daily Conference Direct. “Everyone expected this industry to mature very quickly, but we saw a lot of […]

Overheard at HIDC: 10 reasons hemp entrepreneurs can still be optimistic about the industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Cultivation

HIA names executive director, partners with industrial hemp group on marketing checkoff effort

The Hemp Industries Association has names Jody McGinness as its new executive director and has partnered with the National Industrial Hemp Council to explore the creation of a national hemp marketing checkoff.

HIA names executive director, partners with industrial hemp group on marketing checkoff effort is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News Charlotte's Web Coronavirus

‘Cash is king’ for expansion opportunities and Covid cushion: Q&A with Charlotte’s Web CEO Deanie Elsner

Corporate leaders in the CBD industry are increasingly coming from the consumer packaged goods universe, lending their experience and asking the hard questions to whip the nascent hemp industry into shape and navigate the enormous growth that entrepreneurs foresee in the market. Deanie Elsner joined Charlotte’s Web as CEO last year, bringing with her more […]

‘Cash is king’ for expansion opportunities and Covid cushion: Q&A with Charlotte’s Web CEO Deanie Elsner is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Colorado Hemp Business & Legal News

Colorado company that sold CBD in Dick’s Sporting Goods stores files for bankruptcy

A Colorado-based CBD company that sold a line of cannabidiol products at Dick's Sporting Goods stores nationwide has filed for Chapter 11 bankruptcy protection.

Colorado company that sold CBD in Dick’s Sporting Goods stores files for bankruptcy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Cultivation

Overheard at HIDC: As hemp industry was being established, CBD’s popularity was unexpected

CBD’s surge in popularity over the last few years was a surprise to the hemp industry, which first envisioned other uses for the plant, including fuel and fiber for textiles, according to a Denver-based attorney. “Laws are shaped by the products and activities we envision,” Andrew Livingston, director of economics and research at the law […]

Overheard at HIDC: As hemp industry was being established, CBD’s popularity was unexpected is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs CBD Products & CBD Business News Hemp Cultivation

Generic drugs giant Perrigo enters CBD market with $50 million investment in Colorado extractor

A global health and wellness solutions provider is expanding into the CBD market through a new partnership with CBD manufacturer Kazmira LLC, based in Watkins, Colorado.

Generic drugs giant Perrigo enters CBD market with $50 million investment in Colorado extractor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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European Industrial Hemp Association Featured Hemp Cultivation

Hemp activists set sights globally in new push for collaboration

Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head of the European Industrial Hemp Association […]

Hemp activists set sights globally in new push for collaboration is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News Colorado Hemp Business & Legal News Featured

As Montana launches hemp checkoff program, industry considers best approach

Montana has become the first state to establish a checkoff program for hemp producers, giving the industry there a path to raise money for research, education and marketing efforts like the famed “Got Milk?” campaign.

As Montana launches hemp checkoff program, industry considers best approach is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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CBD Products & CBD Business News Colorado Hemp Business & Legal News Featured

As Montana launches hemp checkoff program, industry considers best approach

Montana has become the first state to establish a checkoff program for hemp producers, giving the industry there a path to raise money for research, education and marketing efforts like the famed “Got Milk?” campaign.

As Montana launches hemp checkoff program, industry considers best approach is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Coronavirus EquiTrust Life Insurance Agency Featured

Economic recovery money still available for hemp farms and businesses, despite USDA shun

As economic recovery begins, storefronts are re-opening and farms are commencing with planting season, hemp and CBD and businesses continue to seek out loans and disaster relief money.

Economic recovery money still available for hemp farms and businesses, despite USDA shun is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Coronavirus EquiTrust Life Insurance Agency Featured

Economic recovery money still available for hemp farms and businesses, despite USDA shun

As economic recovery begins, storefronts are re-opening and farms are commencing with planting season, hemp and CBD and businesses continue to seek out loans and disaster relief money.

Economic recovery money still available for hemp farms and businesses, despite USDA shun is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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613 Partners Featured Hemp Cultivation

‘Colombia is very well positioned to outcompete’ on hemp: Q&A with Savanna Ventures’ Manuel Baselga

Hemp Industry Daily caught up with Manuel Baselga, co-founder and board member of international venture capital firm Savanna Ventures, to talk about Colombia’s regulatory environment, the country’s strengths in developing a viable hemp market for CBD, his company’s interest in industrial hemp and the challenges of growing it in a tropical climate.

‘Colombia is very well positioned to outcompete’ on hemp: Q&A with Savanna Ventures’ Manuel Baselga is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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613 Partners Featured Hemp Cultivation

‘Colombia is very well positioned to outcompete’ on hemp: Q&A with Savanna Ventures’ Manuel Baselga

Hemp Industry Daily caught up with Manuel Baselga, co-founder and board member of international venture capital firm Savanna Ventures, to talk about Colombia’s regulatory environment, the country’s strengths in developing a viable hemp market for CBD, his company’s interest in industrial hemp and the challenges of growing it in a tropical climate.

‘Colombia is very well positioned to outcompete’ on hemp: Q&A with Savanna Ventures’ Manuel Baselga is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Canada Hemp News CBD Products & CBD Business News

Canadian marijuana producer shifts to CBD, plans to buy 300,000 lbs of hemp biomass

A Canadian marijuana producer has announced it's shifting to processing and extracting hemp biomass into CBD concentrates by signing a purchase agreement with a leading supplier of high-CBD industrial hemp.

Canadian marijuana producer shifts to CBD, plans to buy 300,000 lbs of hemp biomass is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Canada Hemp News CBD Products & CBD Business News

Canadian marijuana producer shifts to CBD, plans to buy 300,000 lbs of hemp biomass

A Canadian marijuana producer has announced it's shifting to processing and extracting hemp biomass into CBD concentrates by signing a purchase agreement with a leading supplier of high-CBD industrial hemp.

Canadian marijuana producer shifts to CBD, plans to buy 300,000 lbs of hemp biomass is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Hemp Cultivation Hemp Fiber and Grain News

Hemp Industry Daily, HIA ink exclusive partnership to boost networking, education

Hemp Industry Daily and the largest nonprofit trade association in hemp are partnering to promote networking in the industry and advance educational content about the newly legal crop. The partnership with the Hemp Industries Association was announced Thursday. More than 1,300 members of the HIA will receive Exclusive educational content Member discounts to events including next […]

Hemp Industry Daily, HIA ink exclusive partnership to boost networking, education is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Hemp Cultivation Hemp Fiber and Grain News

Hemp Industry Daily, HIA ink exclusive partnership to boost networking, education

Hemp Industry Daily and the largest nonprofit trade association in hemp are partnering to promote networking in the industry and advance educational content about the newly legal crop. The partnership with the Hemp Industries Association was announced Thursday. More than 1,300 members of the HIA will receive Exclusive educational content Member discounts to events including next […]

Hemp Industry Daily, HIA ink exclusive partnership to boost networking, education is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Briefs Hemp Cultivation Hemp Fiber and Grain News

Hemp Industry Daily, MJBizDaily host hemp, marijuana groups live on Leafwire

Hemp Industry Daily's sister publication and parent organization Marijuana Business Daily has launched two cannabis-related discussion groups on Leafwire, a LinkedIn-style digital service for hemp and marijuana industry professionals.

Hemp Industry Daily, MJBizDaily host hemp, marijuana groups live on Leafwire is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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