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 […]

Week in Review: Nevada’s unhappy MJ growers, hemp’s friends in Congress & New York weighs adult use is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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 […]

Colorado company develops first US-bred hemp seed variety is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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

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 […]

Crowdfunding effort nets CA$6.2M for Canadian hemp, marijuana maker is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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Attorney General Jeff Sessions didn’t have hemp in mind when he repealed Obama-era protections for state-legal marijuana businesses.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 announcement last week threw 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 […]

Sessions’ marijuana antagonism spooks hemp industry, but some see silver lining is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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 […]

CBD confusion mounts in Iowa as police seize goods but don’t always test for THC is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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 […]

Congress members defend CBD, blast DEA’s hemp decision is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Hemp State Highlight: Virginia’s changing hemp model could pay big dividends

You can’t make money growing hemp in Virginia. Literally, even though the plant is legal.

Virginia bans farmers from selling the crop commercially and limits hemp production to a handful of university research projects.

If that strikes you as odd for a state with centuries of experience growing hemp, you’re not alone.

Hemp State Highlight: Virginia’s changing hemp model could pay big dividends is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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. […]

Colorado hemp producer leaving for Arkansas’ new market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Detroit freezes medical marijuana business licensing process

Detroit is delaying action on new medical marijuana licenses because of a pending lawsuit, prompting fears that about 60 dispensaries in the city will have to close their doors. The lawsuit was filed by seven to 10 businesses that were denied medical marijuana dispensary licenses over zoning issues, the Detroit Free Press reported. The businesses say […]

Detroit freezes medical marijuana business licensing process is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


$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 […]

$3.2 million hemp processing plant in New York gets state funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs