Filtered by tag "Hemp"

With Legalization, Illinois Leaps Headlong into the Industrial Hemp Market

By William Sumner, Hemp Business Journal Contributor Illinois is going all-in on cannabis. In becoming the first state to legislatively enact (rather than pass via ballot measure) both to legalize adult-use cannabis and create a state sales marketplace, Illinois has seen a surge in interest for industrial hemp. Prompted by the passage of the 2018 Farm Bill, which […]
Read more

FDA Public Hearing About CBDs Prescribes Caution, Bearishness, and Deliberation

By William Sumner, Contributing Writer for the Hemp Business Journal Last Friday, the U.S. Food and Drug Administration (FDA) held its first public hearing about the safety and regulation of cannabis and cannabis-derived products. At the heart of the hearing were issues of how the FDA should regulate CBD, which has been growing in popularity as […]
Read more

Regarding today’s FDA hearing on cannabis-derived compounds

A statement from Giadha Aguirre de Carcer Anticipation has been building in the cannabis industry as the U.S. Food and Drug Administration (FDA) meets today regarding how to regulate cannabidiol (CBD), one of the most important compounds in the cannabis plant. CBD is a non-psychotropic cannabinoid, which research has shown to have antiepileptic and anti-inflammatory […]
Read more

Stakeholders Await the FDA’s First Public Hearing About Cannabis and CBD

By J.J. McCoy and William Sumner for the Hemp Business Journal On Friday, the U.S. Food and Drug Administration (FDA) will hold its first public hearing about regulations regarding legal cannabis and cannabidiol (CBD). Among some 140 registered speakers scheduled to provide comment during the daylong event, stakeholders in the hemp and CBD industries say that […]
Read more

With Epidiolex, GW Pharmaceuticals Passes ‘Go’, Collects Unexpected Profits

By William Sumner, Hemp Business Journal Contributor As the U.S. Food and Drug Administration (FDA) continues to consider how to regulate cannabidiol (CBD), the one company with the green light to sell CBD as a pharmaceutical drug is raking in profits. This month, the London-based pharmaceutical company GW Pharmaceuticals (NASDAQ: GWPH) released its financial results for the first quarter of [...]
Read more

Springtime is Warming Up for Regulating CBD

By William Sumner, Hemp Business Journal Contributor Last week, Hemp Business Journal Founder Sean Murphy spoke at a Congressional briefing before the Dietary Supplement Caucus. Presenting market data and analysis, he discussed the state of the hemp and cannabidiol (CBD) markets as well as regulatory challenges facing the industry, including how the Food and Drug Administration (FDA) may [...]
Read more

It’s Certifiable: CBD Brand Earns Industry-First USDA Organic Certification

By William Sumner, Hemp Business Journal Contributor Earlier this month, the cannabidiol (CBD) brand Palmetto Harmony became the first to gain certified organic status from the U.S. Department of Agriculture (USDA) for hemp flower and selectively bred seed. The official designation was made possible due to passage of the 2018 Farm Bill, which legalized hemp and hemp-derived products such as [...]
Read more

Amid the CBD Craze, Pet Owners Are Among Those Begging for Clarity

By William Sumner, Hemp Business Journal Contributor People love their pets. From specially designed baby strollers to handcrafted organic food, there is not anything that pet owners would not do to ensure their pet’s health and happiness. It is only natural, given the rise of cannabidiol (CBD) as a health and wellness product, that people would turn to the substance […]
Read more

Implications and Ramifications of the Hemp Seizures in Idaho and Oklahoma

By David Bush, Senior Attorney, Hoban Law Group “A house divided against itself, cannot stand. I believe this government cannot endure, permanently, half slave and half free.” ~ Abraham Lincoln, June 16, 1858 Recent seizures of hemp by state authorities in Oklahoma and Idaho follow a disturbing pattern. Hemp was legally grown and harvested in […]
Read more

Holding Out Against Hemp: Seven States Slow for Reform After 2018 Farm Bill

By William Sumner, Hemp Business Journal Contributor Idaho’s state legislative session ended earlier this month with a tinge of disappointment. Despite overwhelming bipartisan support to legalize industrial hemp, the legislature was unable to pass a resolution to relax the state’s hemp ban. Adding to the frustration felt by hemp advocates was the shared inability of both the state’s House and [...]
Read more
Top