The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year. Legal sales across the U.S.—14 states allow adult use, 36 allow for medical sales—hit a record of $17.5 billion, a 46% increase from 2019, according to a new report. Most of the sales growth came from adult-use
Hemp Legalization & Regulatory News for Hemp Businesses
Police have busted into Lorynda Welton’s south suburban home in the middle of the night on three separate occasions in recent years. They were looking for her son who was suspected of selling marijuana out of his mother’s house.
Mexico’s Chamber of Deputies has approved a bill to allow regulated marijuana and hemp industries. But the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmakers in Mexico’s lower house voted largely in support of the bill, with 316 votes in favor and 129 against. There
Across the country, more state laws are aligning with voter attitudes about recreational use of marijuana. The wave of cannabis legalization has had a significant influence on individuals, communities and governments, and driven the development of a burgeoning commercial industry. William Brangham begins our series on marijuana with a look at what has changed in
Socially disadvantaged farmers including those in the hemp industry are in line for new debt-relief funds in the $1.9 trillion American Rescue Plan of 2021. The legislation, which passed in the U.S. Senate Saturday and awaits changes and a final vote in the House, directs the U.S. Department of Agriculture to make payments to Black
An Oregon hemp producer seeking $2.5 million in damages after its warehouse was raided by authorities looking for illegal marijuana suffered a big setback in federal court. U.S. Magistrate Judge Mark Clarke ruled that the search warrant used when authorities raided Oregonized Hemp Co., a farm and farm service contracting business, was valid. The Grants
NBC News’ Leigh Ann Caldwell reports on the bill passed by the Senate that would remove marijuana from the Controlled Substances Act, decriminalizing the drug on a federal level. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver
Hemp imports were cited as a main driver for Congress voting in 2014 to authorize limited experimentation with the crop after decades of head-scratching policies allowing hemp to be bought and sold in the United States — as long as it was grown somewhere else. But hemp exports have grown dramatically ever since. Hemp imports
The nationwide hemp rules are taking effect March 22 as planned, with no additional delay or review because of the changed administration at the U.S. Department of Agriculture. The USDA gave notice Monday that the rules have been reviewed and are cleared to take effect as planned. The USDA was giving the hemp plan a
Pablo Zuanic, Fantor Fitzgerald managing director, on the state of regulation in the cannabis industry. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Brian Kelly and Karen Finerman.
(Editor’s note: This column is part of a recurring series of commentaries from professionals connected to the hemp industry. Andrew M. Rosner and Kaelan Castetter are vice presidents of the New York State Cannabis Growers and Processors Association.) Government officials nationwide are talking about banning the sale of hemp flower in the name of public
Marijuana is illegal in India. Marijuana is categorized in the same group as other hard narcotic drugs. You might be shocked to know that weed was illegal in India but up until 1984 but will it be legal again? Watch to find out. #Marijuana #IndiaToday #NewsMo Subscribe to India Today for NEW VIDEOS EVERY DAY
Virginia is the latest state to approve adult-use marijuana legalization following New Jersey. Aurora Cannabis CEO Miguel Martin says he sees booming opportunity in the cannabis industry as more states legalize the plant. He joins ‘Closing Bell’ to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe
Curaleaf President & Incoming CEO Joe Bayern joins Yahoo Finance Live to discuss the outlook for the marijuana industry in 2021. For 2020 election results please visit: Election results: https://www.yahoo.com/elections Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social
Melissa Moore, deputy director of New York State Policy Office, and Luke Niforatos, chief of staff and senior policy advisor at SAM, debate whether pot should be legal in the U.S. with CNBC’s “Power Lunch” team.
Hemp-derived CBD giant Charlotte’s Web Holdings is positioning itself to enter THC and marijuana markets. The Boulder, Colorado, company says it has signed a five-year, $8 million purchase agreement option with a marijuana company started by its founders, Stanley Brothers USA Holdings Inc. The deal allows Charlotte’s Web to take over the marijuana business after
Virginia is now the first Southern state to vote for the legalization of recreational marijuana use.
Federal agriculture officials plan to collect hemp acreage and production data from thousands of U.S. farmers in the coming months. The U.S. Department of Agriculture published a notice in the Federal Register late last month, requesting permission to gather data about hemp production from the White House. Though the type of data USDA is after
In 2012, Colorado legalized cannabis and kickstarted a multibillion dollar industry with every product imaginable — brownies, gummy bears, granola bars, even lube! But to say that we’ve “legalized cannabis” is mistaken — we’ve commercialized THC. In this fascinating talk, expert Ben Cort examines the impacts of this growing new industry on everything from policing
MJBizCon will return as a live, in-person event in Las Vegas this October, barring any unforeseen developments related to the coronavirus pandemic, Marijuana Business Daily announced Monday. The 10th annual cannabis trade show, the largest in the industry, is scheduled to be held at the Las Vegas Convention Center and will include an online component
A Gallup poll shows 68 percent of Americans support legalization of marijuana. Today, the House passed a bill that would decriminalize marijuana, but it’s unlikely to get a vote in the Senate. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to
Wisconsin Governor Tony Evers is proposing a plan that would legalize Marijuana and allowing Wisconsin residents 21 years of age and up to buy and use the drug for recreational purposes and 18 years of age and older medicinally.
Yahoo Finance’s Jessica Smith joins the Yahoo Finance Live panel to discuss The MORE Act which decriminalizes marijuana at the federal level, as it’s scheduled for a full floor vote this week. For 2020 election results please visit: Election results: https://www.yahoo.com/elections Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free
We take a fair look at some of the best counter arguments for legalization and see how they hold up in review. OUR CHANNELS ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ German Channel: https://kgs.link/youtubeDE Spanish Channel: https://kgs.link/youtubeES HOW CAN YOU SUPPORT US? ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ This is how we make our living and it would be a pleasure if you support us! Get
Hemp farmers may have seen something new in their mailboxes this winter, as federal agriculture officials prepare for the 2022 Census of Agriculture, which will include hemp farmers for the first time. Over the last two months, the U.S. Department of Agriculture’s National Agricultural Statistics Service sent “content tests” to a sample of 36,000 producers
Bloomberg’s Tiffany Kary joined Quicktake to discuss: A recreational marijuana marketplace, cannabis decriminalization and looser penalties for underage possession of the drug and alcohol became law Monday in New Jersey, more than three months after voters overwhelmingly approved a ballot question to legalize adult use of the drug. Acknowledging that the legislation took much longer
A Canadian manufacturing company that makes agricultural equipment for the marijuana and hemp industries is accusing U.S. Customs and Border Protection of wrongly blocking imports needed by its Washington state subsidiary to build a hemp-trimming machine. Keirton USA says that Customs agents seized last month in Blaine, Washington, calling the equipment “drug paraphernalia.” The seizure
A federal judge in Indiana is reversing course on a state law banning smokable hemp, handing growers and processors another defeat as they seek to find a path to market for the most profitable part of the plant. U.S. District Judge Sarah Evans Barker told the Midwest Hemp Council and several hemp businesses challenging Indiana’s
New Jersey has become the 12th state to legalize recreational marijuana. NBC New York’s Brian Thompson reports.
Three weeks after clearing his Senate agriculture committee hearing, the full Senate voted 92-7 Tuesday to confirm Tom Vilsack as the U.S. Secretary of Agriculture. Vilsack, an Iowan, served in the same role for all eight years of the Obama administration, and oversaw the USDA during passage and implementation of the 2014 Farm Bill, which
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