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The North Carolina Industrial Hemp Association has expanded to seven states and rebranded as a regional group. The new Southeast Hemp Association includes some 650 hemp farmers and processors in seven states. The group added members from Georgia, Florida, Maryland, South Carolina, Tennessee and Virginia. Blake Butler, executive director of the former North Carolina group,
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Alphagreen, a London-based e-commerce platform focused on CBD, has secured 1.1 million pounds ($1.5 million) of seed funding to help finance the rollout of new products and services and an expansion into the United States. According a statement released last week, participants in the seed round included: Stockholm-based Enexis AB. U.S.-based West Creek Investments. Angel
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Get in-depth analysis on cannabis investing from MJBizCon’s Passholder Days. It’s all available to you on demand. The co-CEO of North Carolina CBD maker cbdMD Inc. is among those seeking $100 million through an IPO for a blank-check company that will invest in consumer goods. The new blank-check company, to be called Adara, does not
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Curious about the developing Latin America cannabis market? Then tune in to the Latin America Market Forum on Friday, Nov. 20, at MJBizCon’s Passholder Days. Topics include regional updates, the prospects for exporting from Latin America and revenue opportunities within Latin America. More information is available here. The Mexican Senate approved legislation to establish a hemp and
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Hemp products manufacturer Vertical Wellness Inc. has bought a candy-making company to expand its reach into the edibles market. Vertical Wellness CEO Smoke Wallin said purchasing The Organic Candy Factory, based in California, is a “perfect segue” to expand into selling gummy-bear infused CBD products, Reuters reported Wednesday. The candy company currently doesn’t make cannabis-infused
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The U.S. Drug Enforcement Administration is pushing back hard against a hemp association’s attempt to find out if the agency considers temporary byproducts of hemp production a Schedule 1 substance. The DEA told a federal judge this week that the agency “is not required to explain how the (rule) applies to every hypothetical circumstance.” The
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A Colorado extraction company has hired a new director of sales. Greeley-based Vantage Hemp Co. said in a news release Tuesday Christian Santi’s responsibility will be to expand the company’s sales in the U.S., Europe and South America. “The addition of Christian to our team reinforces our promise for data-driven, consistent and premium CBD extracts
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A version of this story first appeared on Marijuana Business Daily. Consumer demand has been pushing the THC potency of herbal marijuana upward for decades — but that increased potency does not extend to CBD levels, a new study has found. The systematic review and meta-analysis of studies between 1970–2017 found levels of THC increased
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Get in-depth analysis on Latin America hemp and marijuana markets from MJBizCon’s Passholder Days. It’s all available to you on demand. Mexican lawmakers have advanced a measure to legalize industrial hemp and recreational marijuana, setting a 1% THC limit for hemp and allowing adults to possess up to 28 grams of marijuana. A group of
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China’s biotech and pharma giant Tasly Holding Group has announced a 500 million yuan ($75.6 million) investment into biotech company Puyuan Miaosheng Group’s industrial hemp subsidiary. The investment will be used to develop Yunnan Maye Biotech’s operations in hemp farming, foods and beverages, pet food, new tobacco products and vaporizers, and biopharmaceutical products in five
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A wholesaler of hemp-derived ingredients has acquired a Colorado-based processing and extraction company. Kadenwood’s EcoGen Biosciences of Grand Junction, Colorado, is adding a 50,000-square-foot production campus in Delta, Colorado and 165 acres of farmland as part of the deal. Terms were not disclosed. EcoGen said in an announcement this week that “the newly added facility
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Aldi UK, the British arm of the German supermarket chain, has launched a house line of hempseed oil skincare products, joining the ranks of grocers carrying hemp and incorporating it in store-brand products. The retailer’s Lacura line of products, which includes a body butter, hand cream and “CBD Facial Serum,” were made available on shelves