Filtered by tag "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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Concerns and Limitations for Multistate Producers Looking to Market CBD

By Ashley Simpson, Esq., Hoban Law Group Passage of the 2018 Farm Bill has undoubtedly provided comfort to large-scale retailers looking to bring hemp-derived products to retail shelves across the country. The language in the new law clarifies and affirms that hemp is not to be treated as a controlled substance as scheduled under the […]
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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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Hemp Industry Outlook: Start-ups, Mergers & Acquisitions Abound

By Cátia L. Kossovsky, Counsel, Hoban Law Group  Three months since passage of the Agriculture Improvement Act of 2018 (2018 Farm Bill), companies looking to expand their footprint in the industry have started diving into the federally legal U.S. hemp market through start-ups or mergers and acquisitions (M&A). Most recently, Canada’s second-largest cannabis producer, Tilray, […]
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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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Global Industrial Hemp Applications

New Frontier Data predicts sales of hemp-based industrial products to accelerate with strong growth across global markets for 5-10 years. With 2018 sales of $425 million, Europe remains the global leader in industrial hemp. Out front with segments like hemp-based automotive parts (biocomposites) and animal bedding, Europe will retain its lead in global industrial sales […]
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Global Hemp, Poised to Make Its Impact with a Post-Industrial Heyday

By J.J. McCoy, Senior Managing Editor, New Frontier Data Especially since its federal legalization was mandated through the passage of the 2018 Farm Bill at the end of last year, hemp has been making headlines for its impact across a range of mature markets – from food and textiles to building construction and nutraceuticals. Hemp […]
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