U.S. health authorities are signing off on human trials of CBD to treat opioid addiction. The U.S. Food and Drug Administration gave the green light this week to Ananda Scientific to start human testing of its CBD drug Nantheia ATL5, the company announced. The trials will be run out of UCLA and are funded by
Month: February 2022
Federal agriculture regulators gave the green light to state hemp production plans for both Oregon and Connecticut, allowing them to move forward with regulating hemp and registering producers for the 2022 season. Hemp production throughout the U.S. must now comply with the final regulations developed for the U.S. Department of Agriculture’s Domestic Hemp Production Program
An Idaho man is accusing his onetime partner of foiling a hemp-processing venture in Montana and making off with some $2 million. Jeremiah Skaggs says in the lawsuit that Clinton Boone was hired by Isotex Health LLC of Texas in 2019 to start a CBD processing facility in Lincoln, Montana. Isotex promised locals that the
The globe’s sputtering supply-chain logistics are challenging for all businesses right now. But for cannabis, those challenges can be an absolute nightmare. When hemp cultivation became legal in all 50 states in 2018, under a Farm Bill that guaranteed that hemp products could cross state lines but gave no guidelines for moving them, Kevin Schultz
As research broke over the past two weeks that cannabis products including CBD, cannabinoid acids and even synthetic cannabis compounds may prevent or treat COVID-19 infections, excitement among hemp entrepreneurs spread. Interest in the seemingly stagnant hemp biomass, CBD and CBG markets soared to highs not seen in three years. Prices are on the rise
Thailand’s Health Ministry recent removal of marijuana from the country’s list of controlled drugs is opening business opportunities only for low-THC hemp operators for now, because the country has retained a cap on allowable THC. The nation of almost 70 million plans to limit products above 0.3% THC to highly regulated medical sales channels, experts
Federal agriculture regulators continue to approve hemp production plans for state and tribal programs following the Jan. 1 deadline when pilot programs were due to expire and the final rules under the 2018 Farm Bill were set to take effect. Most recently, the U.S. Department of Agriculture approved hemp production programs for Alaska, Arizona and
Editor’s note: This week, Hemp Industry Daily will be highlighting stories and analysis on the delta-8 THC phenomenon. Today, a look at the origins of the delta-8 THC trend. Read more in the special D-8 February issue of MJBiz Magazine. When Harold Jarboe told his partners at Columbia River Cannabis in 2014 that he was
Hemp was lauded as a climate-smart commodity for its use as a construction material by U.S. Agriculture Secretary Tom Vilsack this week as he highlighted new funding opportunities for farmers. Speaking at a university in Missouri, Vilsack pointed to hemp Monday when he announced that the U.S. Department of Agriculture will invest $1 billion in
Editor’s note: This week Hemp Industry Daily is highlighting stories and analysis on the delta-8 THC phenomenon. Today, a look at delta-8 THC sales trends in marijuana dispensaries. Read more in the special D-8 February issue of MJBizMagazine. Plant-touching companies weren’t the only businesses surprised by the sudden and explosive growth of delta-8 THC in