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The entire cannabis industry is buzzing about delta-8 THC and other cannabinoids found rarely in the plant but gaining favor among growers and consumers. Indeed, there has been a noticeable shift toward so-called novel cannabinoids among hemp producers surveyed by Hemp Industry Daily. But CBD still rules the roost. Cannabidiol, by far, continues to be
This story first appeared at Marijuana Business Daily. The development of new genetic-editing technology offers cannabis companies a cost-effective way to make specific changes to marijuana and hemp plants – such as more disease resistance – without creating a genetically modified organism. The technology, known as Crispr-Cas9, will allow the cannabis industry to build new,
(This is the first in a series of stories from Hemp Industry Daily examining the developing hemp markets on tribal lands in the United States. For more detail about tribes growing hemp, check out Hemp Industry Daily’s Hemp & CBD Factbook, available for purchase here.) It’s been more than two years since nationwide hemp legalization offered
Entrepreneurs in the young hemp industry are often still working to develop consistent processes for handling the production flow of their goods and services, from their raw components to the end product. Developing a stable framework helps companies efficiently control product quality, inventory levels, timing and expenses to quickly deliver high-quality, consistent products to the
Vegetable growers across the U.S. weren’t among the traditional farmers heavily diversifying into hemp production in 2020. According to a survey of 437 farmers by trade journal American Vegetable Grower, 77% said they had no intention of planting the crop this year. Just 4% of farmers said they planned to grow hemp while 19% indicated
Photo courtesy Harold Jarboe Hemp operators say smokable hemp is one of the fastest-growing and most lucrative segments in the nascent hemp and CBD industry – and market analysts agree, with expectations that the market will experience five-fold growth in the next five years. For 2020, market researchers at Nielsen project sales in the current
The CBD vape market in Germany would likely decline in coming years even without new restrictions and advertising bans for the non-nicotine e-cigarettes, analysts say. According to market researchers at CBD-Intel, the German CBD vape product market – estimated at $11 million this year – is expected to decline to around $8.4 million by 2025.
Rocked by a global pandemic and its resulting economic havoc, thousands of CBD companies in the United States will likely shutter in 2020 – but the CBD market will remain flooded with some 1,500 brands jostling for market share, according to cannabis research firm Brightfield Group. The Top 20 over-the-counter CBD companies accounted for just
Hemp-derived CBD companies increasingly face class-action claims by consumers and stockholders, driven by industry growth, product claims, regulatory uncertainties and preventable mistakes by the companies themselves. Companies can reduce their exposure by being more transparent and forthright when disclosing their financials, the potential of their products and other relevant information, legal experts say. A U.S.
Hemp pioneer Kentucky is reporting licensing fewer hemp growers and growing acreage for 2020 as state agriculture officials warn prospective producers to “proceed with caution” after a “volatile” 2019. State agriculture officials in Kentucky on Friday released production data from the 2019 season and revealed the number of licensed growers, hemp processors and handlers as
In just two years, the number of specialty pet stores that carried Colorado-based Functional Remedies’ CBD products increased dramatically, going from 100 to 500 – underscoring the fast growth of a market that’s now reaching mass-market retailers like Petco and PetSmart. “More and more people are understanding how CBD and how hemp-based products can enhance
(This is the third part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Using exclusive data compiled by the data team at Hemp Industry Daily, we’re examining the latest hiring and compensation trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries.
Two Southern states have received federal approval for their hemp production plans under the U.S. Department of Agriculture’s interim final rule for the 2020 season, while a Midwestern state has chosen to extend its 2014 pilot program. The USDA approved plans for South Carolina and West Virginia, bringing the total number of states approved under
Oregon marijuana growers report wholesale flower prices are improving, which is welcome news for recreational cannabis cultivators in one of the country’s previously most oversupplied MJ markets. The changed business climate is even leading some growers to expand facilities and ramp up production. Marijuana growers in the state report wholesale flower prices per pound are