The Business of Cannabis

Pennsylvania Hemp Industry Gets $1 Million To Develop Industrial Hemp Engine

May 24, 2023 | National

Industrial hemp was a major crop in the state prior to prohibition coming into effect in the 20th century. Hemp had been grown in Pennsylvania since the 1600’s and such was its importance, it was declared to be among four staple crops. After more than seven...

USDA Awards $4.9 Million Contract To Hemp Project

May 17, 2023 | National

Ag research and Extension teams from multiple universities across the Southeast U.S. will be prioritizing hemp crops with climate-smart management with help from a five-year, $4.9 million USDA Climate-Smart Commodities grant. The project led by Florida A&M...

SAFE Banking Act Finally Appears Headed For Vote In U.S. Senate

May 4, 2023 | National

Marijuana companies could secure financial services and confusion over banking for hemp operators could be clarified after the reintroduction of the Secure and Fair Enforcement (SAFE) Banking Act in the U.S. Senate. The measure, which is strongly supported by both...

Committee In Northern India Intensifies Study Of Industrial Hemp

May 3, 2023 | International

Officials in the Indian state of Himachal Pradesh are intensifying the study of hemp’s potential for a broad range of medical and health applications, according to Revenue Minister Jagat Singh Negi. Negi said a government-appointed committee is now exploring cannabis...

Silicon Valley Bank Takeover By Hemp Friendly Bank Could Help More Hemp Producers

Apr 25, 2023 | National

The takeover of Silicon Valley Bank (SVB) branches by First Citizens Bank could help hemp companies in a number of states where the North-Carolina-based regional bank previously had no presence. With its purchase of the failed California bank’s assets last...