(A version of this story first appeared on Marijuana Business Daily.) Peru is giving hemp-derived medicines the green light, with commercialization imminent once the respective companies obtain the necessary import permits. Two hemp-derived products are registered as “cannabis-derived natural health products” in Peru. Toronto-headquartered Ramm Pharma, a company with medical cannabis manufacturing operations in Uruguay,
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This is the second part of an interview with Elixinol CEO Oliver Horn. Read his insights on leadership here. In a recent presentation, you said the company was “well-positioned to navigate the regulatory environment that is dynamic, and we remain very positive that regulatory changes are working in our favor.” What makes Elixinol well-positioned to
The see-saw hemp industry has challenged all layers of the supply chain, from farmers looking to capitalize on a new crop to processors trying to find formulations that fit quickly changing rules. For international operators, those challenges have been even steeper. Australian hemp and CBD maker Elixinol Global has had a front-row seat to hemp
Indiana’s law banning smokable hemp has come back to life after a federal appeals court ruled that a lower judge went too far in blocking it. The ruling means that Indiana can enforce its 2019 law banning the manufacture, possession and sale of smokable hemp products – while the case goes back to a lower
Testing of CBD-infused products conducted by the U.S. Food and Drug Administration found that many are mislabeled, containing far less or more CBD than advertised and in some instances THC that wasn’t supposed to be there. Of the 102 products tested this year that were labeled as having CBD, 18 had less than 80% of
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Derek Du Chesne is president of Exactus Hemp.) Let’s face it – the hemp industry is dealing with a huge problem, and it’s hurting everyone in the industry, especially growers and processors. The problem in question
Mexico’s path toward legalizing hemp and marijuana has been a bumpy one spanning three years now, starting with a law authorizing the medicinal use of cannabis under 1% THC content. Since then, the federal agency responsible for issuing guidance for using medical marijuana published its rules on October 30, 2018 – but revoked them five
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
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
(This is an abridged version of a column that appears in the July issue of Marijuana Business Magazine.) Reading the business-page headlines these days, hemp pioneers can be forgiven for chuckling at how large and esteemed industries have no idea how they’ll survive when faced with the kinds of challenges hemp entrepreneurs have been dealing
The World Health Organization’s proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a United Nations narcotics convention could be difficult to enforce, a U.N. monitoring body has said. The International Narcotics Control Board said authorities in some countries may lack the lab technology or manpower to
(This is an abridged version of a storythat appears in the May-June issue of Marijuana Business Magazine.) While still fairly small, East Fork Cultivars has become one of the most respected cannabis cultivators in the Pacific Northwest. The family-run business based in Takilma, Oregon, wants to increase its profile this year while capitalizing on national
(A version of this story originally appeared on Marijuana Business Daily.) Hemp and cannabis cultivators are turning to technology and automation to help achieve efficiencies, cut costs and keep workers safe during the coronavirus pandemic and the current economic downturn. Growers report technology and automation solutions include: Automated irrigation, fertigation and HVAC systems to limit
A version of this story appeared earlier on Marijuana Business Daily International. Australia has amended its narcotics law to put hemp exporters in a position to “come out firing” after the COVID-19 crisis eases, the country’s agriculture minister said. The change aims to facilitate trade and growth of export markets for low-THC hemp and medicinal
Investors looking for a cannabis investment with less risk than the THC market have been snapping up hemp investments. But with falling crop prices, regulatory uncertainty, and a pandemic that has put the brakes on retail sales, it’s become a foggy picture for investors. It’s not all bad, however. There are still potential investment opportunities
Hemp Industry Daily Conference Direct, scheduled for June 29th through July 1st, offers a state-of-the-art, immersive and interactive educational experience that delivers an unprecedented educational track for business professionals in the hemp industry. The conference will feature more than 30 Live and On-Demand sessions exploring the industry’s biggest issues and emerging opportunities for hemp business
Hemp Industry Daily Conference Direct will feature a dynamic networking engine that uses artificial intelligence to suggest the right people to meet at the event. The new feature – called Network Builder – will empower attendees, speakers, and exhibitors to meet with a smart event-engagement platform that drives unparalleled professional connections. The Network Builder feature
Photo courtesy 40 Acre Co-op As Black farm ownership hits historic lows, Minnesota entrepreneur Angela Dawson thinks hemp could be part of the solution. And she’s looking to an old-fashioned model – cooperative farming – to do it. Dawson left a career in food writing and marketing to start 40 Acre Co-op, a network of
U.S. farmers are planting less hemp than they did last year due to regulatory uncertainty, a surplus of hemp flower and biomass held over from 2019 and continuously falling wholesale prices. As of Thursday, licensed total hemp acreage to date has reached 465,787 acres for the 2020 production season, with 47 state departments of agriculture
Hemp-derived CBD companies increasingly face class-action claims by consumers and stockholders, driven by industry growth, product claims, regulatory uncertainties and preventable mistakes by the companies themselves. Companies can reduce their exposure by being more transparent and forthright when disclosing their financials, the potential of their products and other relevant information, legal experts say. A U.S.
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
(This is the second installment of a two-part story on the prospects for hemp-derived construction materials in the post-coronavirus era. The first part can be read here.) HempFlax’s acquisition of Germany’s natural fiber insulation manufacturer Thermo Natur last month provided an example of how an established hemp growing and processing operation can further diversify its
State agriculture officials in Michigan are seeing more interest in hemp production this year, despite more than half of growers failing to find a market for their 2019 crops and many reporting crop failures and heavy pest and weed pressure. Authorities tell Hemp Industry Daily that the state has licensed 13,225 outdoor acres and 11 million
Colorado and Illinois are joining the ranks of nearly a dozen states where CBD and other hemp-derived products can be sold at marijuana dispensaries for the first time, opening a new sales outlet for the growing industry. In the absence of guidance from the U.S. Food and Drug Administration, states are taking their own approaches
Photo courtesy HempFlax This is the first of a two-part series on the prospects for hemp-derived construction materials in the post-Covid-19 era. Europe’s largest independent hemp grower and processor doubled down on the crop’s potential in the EU construction sector last month when it bought an insulation manufacturer in Germany and launched its own sustainable
A third-party consumer research study looking at CBD’s effects on humans, meant to help gather liver safety data that the U.S. Food and Drug Administration needs to move forward with regulation, is set to begin in July. The protocol for the study, sponsored and led by ValidCare, a Colorado-based firm that conducts clinical and market
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. The launch of a checkoff program in Montana comes as the hemp industry debates whether a national or state system
Hemp got a big makeover recently in U.S. law. Now an annual summertime event to promote the plant is getting a makeover, too. The longtime Hemp History Week has been rebranded as Hemp Week, observed this year June 6-12, in a move to revitalize an advocacy campaign recently acquired by the U.S. Hemp Industries Association.
Storefronts are re-opening and farms are commencing with planting season, and hemp and CBD and businesses continue to seek out loans and disaster relief money as economic recovery begins. Hemp industry members bristled at an announcement from federal agriculture officials in late May that money set aside for farmers wouldn’t be going to anyone growing
The market for exporting hemp from Colombia to the rest of the world is getting off the ground and Manuel Baselga sees a bright future for the commodity in his country. Baselga is co-founder and board member of Savanna Ventures, a venture capital firm investing in cannabis companies internationally, but heavily focused in Colombia. Based
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