Hemp farmers getting federal pandemic assistance will see those payments frozen because of the changed administration. The U.S. Department of Agriculture says that payments under the latest round of the Coronavirus Food Assistance Program are on hold “until further notice” — though interested farmers can continue applying through Feb. 26. The latest round of coronavirus
This session and other MJBizCon 2020 content is available on demand. Bethany Gomez Consumers are increasingly using hemp-CBD to help them through the coronavirus pandemic – and that could be in part due to heavy discounting from CBD brands. According to Bethany Gomez, managing director for Brightfield Group, a Chicago-based cannabis research and analytics firm,
Hemp-derived CBD supplement maker Elixinol shed half of its global workforce and shuttered production lines in the first half of this year in response to market decline stemming from the global COVID-19 pandemic. Now the Australian company is looking to leverage a leaner operation and focus on its core CBD brands for future success. Talking
Journalists try Color Up’s CBD skincare products at a virtual launch event. (Photo courtesy of Debra Locker) Looking to educate and innovate without in-person events, hemp and marijuana companies are turning to virtual platforms for everything from trade conferences and product launches to consumer education and staff training. Spaces that facilitate an exchange of ideas,
A California consumer products company has purchased a hemp and CBD producer headquartered in Grand Junction, Colorado. Kadenwood LLC, a privately held consumer-products company focused on amplifying CBD in the mainstream retail-wellness category, has acquired EcoGen Laboratories, a four-year-old company that manufactures and distributes CBD from hemp produced from its own proprietary genetics. The price
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
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
As hemp and CBD companies begin to reopen and get back to work with employees on site, there are many actions they can take to keep employees and customers safe. Jonathan Vaught, CEO and founder of plant breeder and young plant provider Front Range Biosciences in Fort Collins, Colorado, has kept operations moving since social-distancing
The U.N. body that decides drug policy has a plan for moving forward with a landmark vote in December on whether to revise the inclusion of cannabis and cannabis-related substances in two international narcotics conventions. The roadmap from the U.N. Commission on Narcotic Drugs (CND) for holding the vote despite the global coronavirus pandemic was
Citing a precipitous downturn in hemp commodity prices, the U.S. Hemp Roundtable has written to federal agriculture authorities seeking a change to agency rules on getting coronavirus pandemic-related assistance. The lobbying group says that hemp is too new of a commodity to have widely published pricing data, making it problematic for hemp farmers to comply
When you have no idea where you?re going, your instinct is to look back.  That?s why global upheaval caused by the coronavirus pandemic has everyone looking to the past for guidance. We search for clues in the Spanish flu pandemic of the 20th century?and the bubonic plague of the 14th century?hoping to draw lessons that protect our health now.  Kristen
Hemp grain and food producers interested in tapping federal assistance have a new option for finding out how to apply. The U.S. Department of Agriculture has scheduled a webinar for Thursday at 1 p.m. EDT for producers interested in applying for direct payments through the Coronavirus Food Assistance Program. The program is part of a $19 billion
Hemp Industry Daily hosted a webinar looking at ways CBD and hemp businesses can navigate the challenges of operating in the U.S. during the COVID-19 pandemic. In the free webinar, Hemp Industry Daily reporter Ivan Moreno talks with two executives with experience launching their own businesses. They offered guidance and tips on: Funding and Cash Flow:  How to
If you?re a hemp farmer who is sitting on flower and biomass produced in 2019, you aren?t alone, says Casey Flippo, CEO of Little Rock, Arkansas-based hemp extraction firm Natvana LLC. Because the hemp market, which already had been seeing a shortage of processors and extraction facilities, is seeing more of these firms going offline
The CBD market has attracted plenty of entrepreneurs, despite the nascent industry?s wild ride so far. Running a business won?t always go smoothly, but you can learn how to navigate uncertain times, whether it?s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily?s live webcast, ?Starting a CBD Business During a Time