The Business of Cannabis

Michael Thue, Cannabis Activist, Stunned By State Police SWAT-Style Raid On Great Lakes Hemp Supplements

Oct 12, 2022 | Feature, Great Lakes Region, Michigan

 It was quiet morning on Oct. 6, inside Traverse City’s Great Lakes Hemp Supplements owned by Michigan Cannabis Activist Michael Thue, is a cannabis business with CBD products and a decal on the window that reads, “healers not dealers.” The solace shattered....

U.S. CBD Stakeholders Cheer Appointment Of Cannabis Expert At FDA

Oct 9, 2022 | National

CBD stakeholders say they hope the appointment of a cannabis policy expert at the U.S. Food & Drug Administration (FDA) signals the agency may finally begin to establish a regulatory program. FDA has hired Norman Birenbaum, a former cannabis official in two...

Idaho Bans CBD, Other Hemp Products For Animals

Oct 2, 2022 | National

A ban on the sale of CBD and other hemp-derived products intended for pets and farm animals will go into effect Nov. 1 in Idaho after the state’s Department of Agriculture determined they are illegal. “These products are considered adulterated. They’re considered that...

U.S. Bill Would Boost Hemp THC Threshold, But Fall Short Of Global Trend To 1.0 Percent

Sep 26, 2022 | National

A key cannabis bill now before the U.S. Senate would establish the legality of all forms of THC naturally present in hemp, adding varieties so far not addressed, then raise the overall limit for THC in hemp plants from 0.3 percent to 0.7 percent. The proposed measure,...

Pennsylvania Company Will Invest $10.9 Million In North Carolina Fiber Factory

Sep 20, 2022 | National

A Pennsylvania company said it plans to invest $10.9 million in a new hemp fiber processing facility in North Carolina. BIOPHIL Natural Fibers, Phoenixville, Pennsylvania, said the facility, to be located in Lumberton, North Carolina, will turn out hurd and fiber for...