Current Hemp Industry News

ARCHIVES: March 2022 | February 2022 | January 2022

London-based trading platform expands options for access to network

Hemp and medical cannabis trader Canxchange has added a networking service to its commodities-based platform, giving all stakeholders the opportunity to directly engage with the company’s network. The new tool lets individual users and businesses connect with the entire Canxchange universe through a public chat feature, and gives them instant access to the company’s sales and support team...
May 10, 2022 | HempToday | Read The Article Customized CBD Products Market

FDA issues first-ever warning letters on delta-8 THC

U.S. health authorities issued their first-ever warning letters about delta-8 THC Wednesday, saying the hemp-derived isomer “has psychoactive and intoxicating effects and may be dangerous to consumers.” The warning letters come eight months after the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention issued a vague consumer update expressing concern about the health effects of delta-8 THC products...
May 4, 2022 | MJBizDaily | Read The Article Customized CBD Products Market

Aiming to help set CBD framework, UK group focuses first on THC limits

Recommendations from the UK’s Advisory Council on the Misuse of Drugs (ACMD) for maximum allowable THC levels in CBD products are much too low and could be calamitous for domestic producers, a Parliamentary group has suggested. ACMD last December issued guidance suggesting a THC limit of 50 micrograms (mcg) per serving – a highly restrictive level that disincentivizes production, according to the All-Party Parliamentary Group (APPG) of lawmakers and stakeholders advising on the UK framework for CBD...
May 3, 2022 | HempToday | Read The Article Customized CBD Products Market

Hemp’s Role in a $7.4 Billion Plant-Based Foods Market

While the global food supply chain has been shaken by crop shortages, the COVID-19 pandemic, and more logistical disruptions due to the Russian invasion of Ukraine, the plant-based foods market has shown remarkable resilience, and the hemp sector is looking to establish the grain as a superfood.
April 28, 2022 | New Frontier Data | Read The Article Customized CBD Products Market

Number of CBD products with preliminary approval in UK balloons to nearly 6,000

An additional 2,445 CBD products have been preliminarily approved by the UK Food Standards Agency (FSA), bringing the total number of products that still have a chance for full authorization to roughly 6,000. FSA added the products yesterday in response to an uproar over its approval system that followed the March 31 release of an original list of 3,536 products that advanced in the agency’s system for certifying new or “novel” foods...
April 28, 2022 | HempToday | Read The Article Customized CBD Products Market

Lab Study: Over 50% of Hemp Delta-9 Products Are Mislabeled, and Get You Higher Than Cannabis

The cannabinoid trends have come full circle. After CBD hit the mainstream, hemp companies realized there was a lot of potential in delta-8 THC, and around that time, tons of new contenders popped up, including delta-10, THC-O, THC-P and HHC, but one familiar name has come back around to dominate the industry: delta-9 THC. It’s the only cannabinoid that’s been specifically made illegal, but through the specific definitions used in the bill that resurrected the hemp industry, companies have found a way to get it on the market, apparently legally.
April 25, 2022 | CBD Oracle by Lee Johnson | Read The Article Customized CBD Products Market

DEA and hemp group’s lawyers spar over THC and Farm Bill’s intent

The U.S. Drug Enforcement Agency (DEA) hit back at the Hemp Industries Association (HIA) Tuesday, restating its position that cannabis extracts that go beyond the limit for THC during the production process fall under the agency’s purview. DEA and HIA lawyers sparred in a U.S. Court of Appeals in the District of Columbia yesterday. HIA and South Carolina CBD maker RE Botanicals filed a lawsuit challenging the rule in September 2020. The DEA rule, which has yet to be enforced, would criminalize CBD hemp at any point in the production process when the material’s THC levels rise above the federal limit of 0.3%, under the U.S. Controlled Substances Act...
April 20, 2022 | HempToday | Read The Article Customized CBD Products Market

Denim Company Launching Collection Made with U.S.-Grown Hemp

Cone Denim is partnering with hemp processing firm BastCore on a U.S.-grown hemp denim collection using hemp cultivated in Alabama and U.S.-derived cotton dyed with natural indigo grown in Tennessee. Using hemp in the production of denim instead of cotton saves 50% of the water used in production and requires no chemicals, wet processing, pesticides, or herbicides, the report says...
April 18, 2022 | Ganjapreneur by TG Branfalt | Read The Article Customized CBD Products Market

Russian invasion of Ukraine further upends cannabis supply chain

Global supply-chain woes – first triggered by the coronavirus pandemic in 2020 – have been exacerbated by Russia’s invasion of Ukraine, and the U.S. cannabis industry is expected to feel the added fallout for months. Several ancillary company executives told MJBizDaily the problems are likely to continue this year, further forcing up costs and making it even more difficult for companies to secure key supplies such as specialty packaging, chemical solvents used in concentrate production and stainless steel...
April 7, 2022 | By John Schroyer, Chief Correspondent MJBiz Daily | Read The Article Customized CBD Products Market

Study: Cattle Fed CBDA-Rich Hemp Have Reduced Stress

A recent study by the Kansas State University College of Veterinary Medicine found that feeding cattle CBDA-rich hemp decreased the animals’ stress hormone cortisol and inflammation biomarkers. A study by researchers at the Kansas State University College of Veterinary Medicine suggests that feeding cattle hemp with high cannabidiolic acid (CBDA) content led to reduced stress and increased the times the cattle lie down, according to a Beef Central report.
April 7, 2022 | Ganjapreneur By TG Branfalt | Read The Article Customized CBD Products Market

UK list advances some CBD products but means many must be removed from market

The number of CBD products still in the running for full authorization in the UK has expanded following an announcement that 70 applications covering a total of 3,536 products were advanced by the Food Standards Agency (FSA). Products on a list released Thursday, and those previously advanced by the FSA may remain on sale while those that failed inclusion and any other non-compliant products on the market must now be withdrawn from consumer outlets, and may not be traded or sold in the UK...
April 4, 2022 | Hemp Today | Read The Article Customized CBD Products Market

FDA, FTC slap CBD industry with seven warning letters related to COVID claims

U.S. health and trade authorities this week issued a record seven warning letters in a single day to companies making CBD, the biggest federal action against the industry in over a year. Warning letters from the Food and Drug Administration and the Federal Trade Commission targeted companies making COVID-related claims. It was the first time so many CBD companies had been targeted in a single day...
March 30, 2022 | Hemp Industry Daily | Read The Article Customized CBD Products Market

Utah bans smokable hemp and CBD in food, punts hemp oversight to feds

Utah has outlawed smokable hemp and CBD in food under a new law that also punts oversight of the plant’s production to the U.S. Department of Agriculture.The law, signed by Gov. Spencer Cox Monday, makes Utah the sixth state to defer to federal authorities on regulating hemp cultivation. The law also makes it a crime to grow, process or possess smokable hemp and to add hemp to “a conventional food or beverage.”...
March 22, 2022 | Hemp Industry Daily | Read The Article Customized CBD Products Market

Russia-Ukraine War's Effect on the Hemp Industry

The political and economic effects of Russia's incursion into Ukraine are only now becoming apparent, with repercussions felt throughout the world's agricultural industries. As a result, the war is anticipated to have an extended influence on the hemp industry in the United States, if not indefinitely. The war in Ukraine is expected to have a wide range of influence on hemp production, but none of them could say with confidence how significant and long-lasting the conflict's impact would be...
March 21, 2022 | By Jath L. Salas WherezHemp | Read The Article Customized CBD Products Market

Georgia retailers win restraining order over hemp-derived THC products

Cannabis retailers in Georgia won at least a temporary legal victory against an Atlanta-area district attorney who had been aggressively trying to shut down hemp-derived THC product sales. According to the Associated Press, Fulton County Superior Court Judge Craig Schwall issued a 30-day restraining order against Gwinnett County District Attorney Patsy Austin-Gaston, who had seized millions of dollars in hemp-derived THC products and was prosecuting the retailers that were selling them...
March 21, 2022 | MJBizDaily | Read The Article Customized CBD Products Market

Texas ban on smokable hemp faces final review

It’s decision time for a Texas ban on smokable hemp, with the Texas Supreme Court set to hear arguments Tuesday about the 2019 ban that has been on hold because of legal challenges. The case will determine whether hemp producers in the nation’s second-largest state can access a sector that could generate $400 million in annual sales by 2025...
March 21, 2022 | Hemp Industry Daily | Read The Article Customized CBD Products Market

How to capture the market for customized CBD products

The market for CBD-infused products is red hot and growing at a rapid rate. According to Brightfield Group, the top categories for CBD products over the next five years are tinctures, gummies, topicals, capsules and drinks. Each category is projected to reach over $1 billion in product sales by 2026...
March 15, 2022 | By Nathan Wogman | Hemp Industry Daily | Read The Article Customized CBD Products Market

U.S. spending bill urges rules for CBD, re-evaluation of THC threshold

The 2022 omnibus spending bill signed by President Joe Biden Saturday calls on the U.S. Food and Drug Administration (FDA) to set rules for CBD, and asks the U.S. Department of Agriculture (USDA) to review the possibility of increasing the allowable level of THC in hemp plants from the current threshold of 0.3%...
March 14, 2022 | HempToday | Read The Article Customized CBD Products Market

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