Latest hemp investor group files plans to raise $100 million

Another group of investors has filed plans to create an enormous blank-check company that will invest in hemp-derived consumer goods. The latest entry in a wave of cannabis-related blank-check efforts comes from Ackrell SPAC Partners I Co., which filed Tuesday with the U.S. Securities and Exchange Commission and seeks to trade on the Nasdaq. The […]

Gene-editing cannabis biotech to breed hemp seeds in San Diego

An Israeli company applying gene-editing tools to cannabis has bought a farm in San Diego and plans to start producing hemp seeds. CanBreed says it acquired 3.5 acres near San Diego. CanBreed is the first biotech in cannabis to commercially license a gene-editing technology called CRISPR. The technology was developed in 2010s and can be […]

New York hemp producer sues sheriff over 2019 plant destruction

A hemp producer in upstate New York is suing a county sheriff over the 2019 destruction of hemp plants. Toadflax Nursery of South Glens Falls and the owner of its land, Z&M Farm, say that Washington County sheriff’s deputies wrongly destroyed more than 250 outdoor hemp plants after seeing employees leaving the field and questioning […]

Dissolvable CBD maker enters convenience channel with Texas distro deal

Denver CBD maker Caliper is entering the convenience channel with its line of dissolvable powders in 600 Texas Circle K outlets. The distribution deal announced this week is Caliper’s first foray into the convenience channel and brings Caliper to 1,000 retail locations. The gas stations will sell Caliper two-packs of dissolvable CBD powders that can […]

Ideal decarboxylation conditions found to maximize CBD, other cannabinoids

Want more on the latest cannabis research? Check out our Science Symposium, part of MJBizCon 2020, available on demand. A version of this story originally appeared at Marijuana Business Daily. How hot is just hot enough? As with so much else involving cannabis, it’s a challenging balance. Cannabis producers need precise manufacturing processes to maximize […]

New Southeast Hemp Association aims to leverage regional cooperation

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, […]

Nasdaq completes delisting of Youngevity, a San Diego hemp company

The Nasdaq stock exchange has completed its delisting of California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1. Youngevity grows and sells commercial coffee in addition to hemp. It also has a third division focused on omnichannel marketing. The delisting notice went out in October. Youngevity […]

Mexican Senate approves hemp, marijuana legalization bill

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 […]

CBD executive backs $100 million blank-check IPO effort

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 […]