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 Industry News for Hemp & CBD Retailers
Molson Coors Beverage Co. says it has launched CBD drinks in Colorado through TRUSS CBD USA, its joint venture with HEXO Corp. The beverage line will be available in three flavors – Grapefruit Tarragon, Strawberry Hibiscus and Blueberry Lavender under the name, “Verywell,” Molson Coors and HEXO said Wednesday. The companies first partnered in 2018
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.
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
BastCore, an Alabama-based hemp fiber company, has turned a former steam plant outside the capital of Montgomery into a processing facility, one of the first in the United States to offer a key link in the supply chain between Alabama’s farmers and hemp-derived product makers. Final electrical work was underway inside the processing facility last
Michigan’s governor has signed legislation to allow veterinarians to talk with pet owner about giving cannabis to their animals for therapeutic use. Michigan lawmakers approved the proposal in December and lets veterinarians “consult” with pet owners about the use of either marijuana or hemp products for their pets, the Oakland Press reported Friday. Sales for
The European Union’s drug agency has signaled that it is mulling the legal and commercial status of CBD and cannabis-based products in Europe in a new report. The Lisbon-based European Monitoring Centre for Drugs and Drug Addiction published the report on Monday, detailing the results of a study that kicked off in 2018 and aimed
