Filtered by category "Hemp"

A Gap in Standards Leads to Industry Uncertainty About Synthetic CBD

By William Sumner, Hemp Business Journal Contributor How do you know that the hemp-derived CBD products you have purchased came from hemp and not another source? The answer is, you do not. There are no state, federal, or industry guidelines for companies selling CBD products to disclose how they source their CBD. Facing a serious problem that threatens the mass-market […]
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Confusion and Unsubstantiated Claims Are Still Surrounding CBD Sales

By William Sumner, Hemp Business Journal Contributor When the 2018 Farm Bill was signed into law last year, the Hemp Business Journal (HBJ) had predicted that mass-market retailers would quickly see clear to begin carrying topical products containing hemp-based CBD. In March, the pharmacy retail chain CVS announced it would start carrying CBD products in over 800 stores throughout 10 […]
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Why Oh Why is Wyoming Waiting to Grow Hemp?

By William Sumner, Hemp Business Journal Contributor With passage of the Farm Bill last year, the landscape has changed dramatically for the hemp industry. After decades of prohibition, hemp cultivation is once again legal in the U.S., and states are looking to the crop to help boost their local economies. One such state is Wyoming, whose governor recently signed into […]
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Sealed With a Curse: Uproar Over USHA Certification Prompts a Do-Over

By William Sumner, Hemp Business Journal Contributor Earlier this month, the U.S. Hemp Authority (USHA)  announced 13 companies among the first to receive the organization’s quality-assurance certification seal. Claiming to ascertain high standards and promote best practices, USHA’s Certification Program aims to provide hemp farmers, processors, customers and regulators with the confidence [...]
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CV Sciences Skewing Successfully Thanks to CBD Sales

By William Sumner, Hemp Business Journal Contributor As businesses start sharing their year-end financial results, one hemp-CBD company hopes to show a breakout year by riding the wave of momentum from 2018. Earlier this month, CV Sciences (OTCMKTS: CVSI) released their financial results for the fiscal year ending on Dec. 31, 2018, posting record growth […]
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This St. Patrick’s Day, Drink Options Offer Slainte! With THC and CBD

By William Sumner, Hemp Business Journal Contributor With a Saint Patrick’s Day weekend in sight, the occasion seemed right for the Hemp Business Journal to get into the holiday spirit with an update about the current state of hemp- and cannabis-infused beverages. As detailed in a survey last October by New Frontier Data (parent company […]
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Facing FDA Scrutiny, Producers Get Cagey Selling CBD

By William Sumner, Hemp Business Journal Contributor As the United States bundles itself against one of the last cold snaps of a lingering winter season, competition in the hemp-CBD market is staying hot with word that cannabis giant Tilray, Inc. (NASDAQ: TLRY), was  purchasing Manitoba Harvest — the world’s largest hemp food manufacturer —  for […]
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Cannabis Companies Beginning to Ante Up for Bets on Hemp

By William Sumner, Hemp Business Journal Contributor Last week, the hemp and cannabis markets were abuzz with news that cannabis giant Tilray Inc. (NASDAQ: TLRY) was acquiring Manitoba Harvest for $419 million CAD ($319 million USD). Manitoba is the world’s largest hemp-foods manufacturer, with products in more than 16,000 retail stores throughout North America. For […]
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Confusion About CBD Legalities Stymies Manufacturers, Consumers Alike

By William Sumner, Hemp Business Journal Contributor When President Trump signed the 2018 Farm Bill into law, many legal ambiguities which plagued the hemp industry were eliminated. Hemp is no longer considered a controlled substance, and states are free to establish industrial hemp programs for commercial purposes. Yet, issues surrounding cannabidiol (CBD) have only deepened […]
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GenCanna Exec Explains Two Advantages of THC-Free Hemp

By William Sumner, Hemp Business Journal Contributor After decades of prohibition, hemp is at long last legal again in the United States. But problems persist with how law enforcement officials treat the substance. In the last two months, two hemp companies have had shipments seized by law enforcement officials in Oklahoma and Idaho, respectively, with […]
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