Hemp Industry

Court Hearing Commences in $600 Million Lawsuit against Marijuana MSO Acreage

A New York state judge started hearing a case Tuesday on whether a Syracuse investor group can proceed with a $600 million lawsuit against marijuana multistate operator Acreage Holdings and others over a medical cannabis license. The lawsuit, originally filed in 2018, alleges that Acreage and others engaged in a scheme to deprive the investor group, EPMMNY, …

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Marijuana Hearings Called Off, Senate GOP Leader Redirects Conceded Bill

A House-passed bill to legalize medical marijuana in Kansas seems to be in jeopardy, with GOP Senate leadership moving the legislation out of a committee and into a different panel where it may sit in legislative limbo, resulting in the cancellation of hearings that were scheduled to be held this week. Advocates are concerned about …

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In Light Marijuana Standardization At National Conference, State & Federal Officials Unite

Federal, state and local officials convened for a national conference this week where members discussed and advanced proposals to establish standards for marijuana products that could later be formally adopted into a federal handbook. Two committees of the National Conference on Weights and Measures (NCWM) had cannabis-related items on the agenda. If any of them …

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NY Cannabis Retail Options Shapes after Deadline Skips

Although roughly half of New York’s municipal governments opted out of permitting recreational cannabis stores before a Dec. 31 deadline, those opt-outs aren’t set in stone. That means new adult-use retail opportunities could still open up in the nation’s fourth-largest state by population, even as aspiring recreational marijuana retailers start making plans for communities that …

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Top Fed Intelligence Official Loosens Curbs on Marijuana Restrictions for Workers & Discourses Cannabis Stocks

As more states move to legalize marijuana, the director of national intelligence (DNI) says federal employers shouldn’t outright reject security clearance applicants over past use and should use discretion when it comes to those with cannabis investments in their stock portfolios. DNI Avril Haines’s new memo—which follows up on past guidance that was approved under …

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Know How Mail Marketing for CBD Can Skyrocket Hemp Product Sales

Kentucky-based Cornbread Hemp has included mailers in its marketing strategy for at least two years. But a recent tweak to its messaging on a promotional postcard brought more attention than the company bargained for – so much so, it’s been flooded with orders and incited some worry among Cornbread Hemp’s customer base. “We’ve been selling …

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NY Governor Announces $200 Million Marijuana Deposit for Industry Equity Campaign

The governor of New York says her administration is creating a $200 million public-private fund to specifically help promote social equity in the state’s burgeoning marijuana market. Gov. Kathy Hochul (D) released an extensive State of the State book on Wednesday, detailing policies she will pursue in 2022—and promoting equity and economic justice in the …

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Emerald X, Bags MJBiz for More Than $120 Million

MJBiz Con 2021 drew 1,200 exhibitors and 27,000 attendees to the Las Vegas Convention Center in October. MJBiz has been acquired by Emerald X, a wholly owned subsidiary of Emerald Holding, a New York-based business-to-business event and media company, for $120 million in cash plus potential earnouts. The acquisition includes MJBizCon, the oldest and largest trade show of its …

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Hemp Experts Predict a steep dim in 2022: Expected Consolidations and crackdowns

The hemp industry is full of optimists. But many think 2022 is gong to bring more challenges for the niche sector walloped by market volatility in the three years since it became a legal farm commodity. Hemp Industry Daily asked a variety of hemp insiders to make predictions about the shape on the industry through the …

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Indiana Marijuana Legalization & Regulatory Bills Filed for 2022 Session

Indiana lawmakers will have their pick of cannabis reform bills to take up during the 2022 session, with newly pre-filed legislation covering everything from legalizing possession to initial steps for setting up the regulatory infrastructure for a marijuana market Rep. Sue Errington (D) is sponsoring that infrastructure legislation—a proposal that the state’s anti-legalization governor recently …

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