Dallas-based Generation Hemp Inc. has acquired a processing company in Kentucky with a 48,000-square-foot facility for $5.1 million. The acquisition of Halcyon Thruput LLC will be payable in $2.5 million of restricted common stock, $1.75 million in cash and a $870,000 promissory note, Generation Hemp said Tuesday. Generation Hemp will also take over $1 million
Hemp Cultivation, Processing & Extraction News
Some $13 billion in additional agricultural aid for pandemic-impacted farmers should start going out by end of month. Agriculture Undersecretary Bill Northey says the funds could go out even before the inauguration of President-elect Joe Biden on Jan. 20. “We certainly have some things we would like to be able to get out very quickly,”
A federal judge in California has tapped the brakes on a lawsuit from a hemp grower who saw the state’s Department of Fish and Wildlife bulldoze 500 acres of his plants. Apothio LLC is suing the state and also Kern County authorities for $1 billion after the plants were razed in 2019. Apothio argues that
Daniel Fernandez is hoping for a hemp renaissance in Spain this year with the launch of a new Spanish industry association. But first, the Galicia native says federal authorities need to be educated on the economic possibilities of the crop so that Spain can tap underlying potential for collaboration on hemp projects with Portugal, Eastern
California lawmakers will be faced again with the long-debated question of whether to allow hemp extracts in food and beverages in the state when the legislative session opens Monday, but this time the proposal comes with a twist: The measure would also ban smokable hemp flower – an increasingly popular and unregulated segment of the industry.
Wildfire smoke makes the sky eerily orange near East Fork Cultivars in Takilma, Oregon on Friday, Sept. 11, 2020 (Photo courtesy Nathan Howard) A version of this story first appeared at Marijuana Business Daily. Preliminary data out of Oregon suggests that industrial hemp crops may have been spared major damage from the West Coast wildfires
Vermont will be conducting contactless inspections of hemp operators to limit person-to-person contact during the pandemic. The Vermont Agency of Agriculture, Food and Markets says the inspections will begin with a phone call, followed by an email and an online form to gather information about number of harvested lots, yields, and results of contaminant testing,
California’s new warning label as it appears on a La Vida Verde cannabis product. (Photo courtesy of La Vida Verde) A version of this story first appeared at Marijuana Business Daily. California’s hemp-derived CBD manufacturers are at risk of legal “whiplash,” one industry attorney says, after a new mandate requiring health warning labels for all
Puerto Rico’s agriculture secretary says private investment is needed to build the infrastructure for the hemp industry to thrive in the U.S. territory. Secretary Ramon González told a local news outlet, Noticel, that without hemp processing plants, “the business of investing in the fields is for nothing,” “I believe that a lot of expectations were
Hemp entrepreneurs are starting the new year looking to play a role in global efforts to reduce plastic pollution. Canada has rolled out a list of single-use plastics that will be banned in the country by the end of 2021. Restrictions on single-use plastics include straws, coffee stirrers, drink rings, plastic cutlery, take-out food containers
