fbpx

HempTalk - Business Blogs and Press Releases

Global Hemp Industry Business News Articles and Press Releases.
WeedWorthy ® is your source for cannabis, marijuana and hemp news, from around the world. Stay up to date with the cannabis and hemp industry on WeedWorthy.com or download our mobile app for your iPhone or Android phone.

Pro-Cannabis Candidates Clean Up In California Primary Election 2018 - Cannabis News

With 61 percent of Americans now in support of cannabis legalization, it should come as little surprise that pot-positive candidates swept to victory in Tuesday’s Primary Election in the progressive bastion of California.

In every important race, winning politicians knew which way the cannabis smoke was blowing.

California’s June 5 primary vote determines which two top candidates face each other in the General Election in the Fall.

All 80 seats in the state Assembly, plus 20 of the 40 seats in the state Senate, all 53 US House seats, and one US Senate seat is up for grabs. 

Click here to read the complete article

Continue reading

Dream Machines: Investing in industrial hemp’s future

With all the big hemp money chasing CBD, its no wonder that Isolate Extraction Systems is flourishing. Well-positioned in the expanding hemp value chain, IES, Louisville, Colorado, USA has predicated a big part of its future on growing demand for cannabidiol. The company already has more than 100 extraction installations in 45 U.S. states that turn out compounds from hemp and other raw material via its CO2-based extraction technology, CEO Kelly Knutson said.

IES is currently in the process of designing and building a new CO2 machine that is not only faster and more efficient than ethanol, butane, or steam, but which can also automatically separate terpenes, oils and waxes mid-process, a major advancement.

The investment represented in this highly sophisticated technology is considerable. Extraction systems can range in price from several hundred thousand Euros for a baby one, to millions for large industrial operations. Aside from IES’s home market in the U.S., Knutson sees demand developing from Australia to Europe, in Canada, and Central & South America. And while the extraction technology sub-sector may be a particularly sweet spot in the CBD value chain, big money is chasing the business at every link. All of that is good to hear.

In the fields and workshops

But machines to harvest the full promise of hemp also are needed closer to the earth, where most of the current investments are in blood, sweat and tears over some dream machine. In pockets around the world, independent entrepreneurs – engineers and other problem solvers – are developing small-scale, specialized hemp machines, usually providing the needed cash too.

German engineer Heinrich Wieker’s bud stripper harvester picked up an innovation award at ExpoCanamo in Spain in May 2018.



Continue reading

U.S. Senate committee urges setting up hemp seed bank

A United States Senate committee has backed efforts to maintain an industrial hemp seed bank, recommending that the federal Agricultural Research Service set aside $500,000 for the project.

The Committee cited increasing demand for hemp-based products, and the expansion of hemp farming in the USA in putting forth the proposal. Forty-one U.S. states now have hemp legislation on the books.

The recommendation came in a report attached to a bill that funds the U.S. Department of Agriculture next year. “When the nation’s industrial hemp germplasm was destroyed in the 1980s, researchers lost access to publicly available germplasm for plant breeding purposes,” the committee noted in the report.

There are no publicly available germplasm collections of hemp (Cannabis Sativa) in North America after scores of seed collections acquired for studies conducted in the late 1970s were destroyed because the government never expected hemp would return as a crop.

“The scarcity of high quality hemp seed is a roadblock to the development of an American hemp industry,” Eric Steenstra, president of Vote Hemp, told Forbes. “We are extremely pleased that Congress is providing funding to ensure that USDA will once again collect and store hemp germplasm and make it available to American farmers and researchers.”

Continue reading

Nearly two-thirds of Americans say smoking marijuana is 'morally acceptable' - Cannabis News

Nearly two-thirds of Americans say that smoking marijuana is "morally acceptable," while 31 percent disapprove of pot on moral grounds, according to a new survey released Monday by Gallup.

That's a sharp jump from 2013, when a similarly worded question in a Public Religion Research Institute survey found that slightly fewer than half of Americans said it was morally acceptable to smoke marijuana.

The shift in moral acceptance of marijuana mirrors the shift in support for legalization over that time period, which rose from 48 percent at the end of 2012 to 64 percent last fall, according to Gallup.

Click here to read the complete article

Washington Post via AL.com ~ 

Hempro looks to expand distribution of PURE brand

After purchasing the PURE brand of hemp accessories last year, leading European hemp company Hempro Int.GmbH & Co., Dusseldorf, Germany, says it is now looking to expand distribution of the line of hemp backpacks, rucksacks and bags around the globe, says CEO Rebecca Kruse.

With its acquisition of PURE, Hempro Int. strengthened its position in hemp textile-based accessories. Because the company had been selling PURE bags since 2001, then became a licensee in 2005, its knowledge of the brand and bringing it fully in house opens broader marketing and product development possibilities, Kruse said.

PURE’s pedigree

The PURE brand dates to 1995, when its PURE HF Collection of bags was first introduced to the market. Hempro Int. has been selling PURE accessories since 2005, which means the company is intimate with the brand values that have driven the products’ success in the marketplace.

“In the case of PURE, we know our customers value functional design, quality and durability – and those are what the brand delivers – backed up by a guarantee. We make it standard practice to not just live up to expectations, but exceed them,” Kruse said.

Finding perfect ‘fit’

Beyond quality factors, brand personality and character strongly contribute toward finding the right “market fit,” not just for the customer but up and down the value chain, according to Kruse. And a key consideration for Hempro Int. and its PURE suppliers and customers is the sustainability the products offer: All materials that go into PURE accessories are traceable back 100% to ecological sources.


Continue reading

California Senate supports state-backed bank for pot money - Cannabis News

California lawmakers moved Wednesday to create a state-backed bank to handle the billions of dollars flowing from the newly legal recreational marijuana market.

The world’s largest legal recreational marijuana economy, created under a law that took effect this year, is projected to grow to $7 billion.

The bill approved by a bipartisan 29-6 state Senate vote is designed to help pot entrepreneurs who usually deal in cash because most banks won’t accept money from a product that remains illegal under federal law. 

Click here to read the complete article

Don Thompson ~ Associated Press ~

Southern California Women Are Hosting Fancy “High Teas” With the Help of a Cannabis Brand - Cannabis News

Despite the name, the point isn’t to get high at Kikoko’s tea parties.

It’s a sunny Sunday afternoon in Santa Monica, and roughly 7o people have gathered for a tea party. Over the clinking and clanking of tea cups and saucers, the guests converse about the usual things—their work, the weather—but ultimately weed is the word on everyone’s lips.

That’s because cannabis is in their cups. 

Click here to read the complete article

Steffi Victorioso ~ LAMag.com ~ 

Congress Will Consider These Marijuana Amendments Next Week - Cannabis News

A powerful congressional panel is set to weigh four marijuana measures next week.

One proposal would allow military veterans to receive medical cannabis recommendations from their doctors at the U.S. Department of Veterans Affairs (VA).

Another would protect veterans from losing access to their VA benefits as a punishment for medical marijuana use.

A third would shield VA employees who are veterans and who use marijuana in accordance with state law from being fired. And another concerns water rights for marijuana and hemp growers. 

Click here to read the complete article

Continue reading

Marijuana entrepreneurs headed to Detroit for CannaCon - Cannabis News

Detroit will be home for several thousand marijuana enthusiasts and entrepreneurs this weekend when CannaCon hits the Motor City.

“Michigan has some up and coming laws that are being changed,” said Joe Kennedy, sales manager for the convention, which will be held on Friday and Saturday at Cobo Center. “So we have two days of seminars with top people in the industry.”

The marijuana market in Michigan is poised to explode. The state is expected to start issuing licenses for medical marijuana businesses next month. And Michigan voters could see a proposal to legalize marijuana for adult recreational use on the Nov. 6 ballot.

Click here to read the complete article

Kathleen Gray ~ Detroit Free Press ~

Pot for All: How Congress Is Trying to Make Weed Legal - Cannabis News

From decriminalization to opening up the banking industry, both sides of Congress are preparing cannabis bills – but with much different approaches.

Over the past decade, marijuana legalization has happened at break-neck speed at the state and local level.

And yet, pot-related reforms have moved glacially at the federal level, especially since prohibitionist Jeff Sessions was confirmed as attorney general.

But his staunch opposition and attempt to roll back Obama-era protections for local marijuana businesses has actually attracted new support to a flurry of marijuana related bills that have been picking up support in this Congress.

Click here to read the complete article

Continue reading

US Veteran’s Battle: Get VA to Accept Marijuana for PTSD Treatment - Cannabis News

Veterans groups across the country are building alliances to end cannabis prohibition in order to enable research and save lives.

Mike Krawitz, 56, is a disabled US Air Force veteran who believes in medical cannabis’ ability to save lives by keeping people off the drugs with dangerous and deadly side effects — primarily opioids.

Krawitz believes there is a correlation between the number of opioid prescriptions and suicides among veterans. “Use cannabis, die less,” Krawitz told Marijuana.com, his tone completely serious.

“The scientific community has confirmed that cannabis saves lives by avoiding overdoses. VA [Veterans Administration] doctors know this but are obliged not to recommend cannabis for pain and PTSD. And that is unethical.."

Click here to read the complete article

Continue reading

Insurance is budding in California's cannabis industry - Cannabis News

Like any business, the cannabis industry has a unique set of risks and exposures to account for.

Nearly 22 years ago, California voters enacted a ballot measure legalizing the medical use of cannabis.

Today, cannabis is now legal in 47 states (adult-use, cannabinoid only, hemp, and medicinal).

For years, California has been depicted laxly when it comes to marijuana. But when it comes to marijuana and the insurance coverage needed to protect citizens and businesses, it is anything but.

Click here to read the complete article

Continue reading

6 Upcoming Cannabis Books - Cannabis News

These exciting new books will keep your cannabis knowledge up to date.

Cannabis has found its way into just about every facet of culture and lifestyle from food and fashion to medicine and spirituality and beyond.

With so much happening in the weed world, sometimes you need more than an article or think piece to really get some in-depth understanding and keep your finger on the pulse of what’s going on in the industry.

Click here to read the complete article

K. Astre ~ CannabisNow.com ~

Urged by Alaska veterans, Sen. Sullivan supports cannabis research at VA - Cannabis News

Alaska Sen. Dan Sullivan is co-sponsoring a bill that would direct the Department of Veterans Affairs to research medicinal cannabis.

The bill calls on the VA to look into the “efficacy and safety” of cannabis in the treatment of veterans diagnosed with “chronic pain, post-traumatic stress disorder” and other conditions.

Twenty-nine states have legalized the medicinal use of cannabis, but it still remains illegal under federal law.

That’s why it has been unclear if the VA is allowed to research cannabis, and the bill would specifically authorize the department to do so. 

Click here to read the complete article

Continue reading

New Jersey's busiest marijuana dispensary is now the biggest on the East Coast - Cannabis News

The medical marijuana dispensary that opened inside a former T-shirt factory in Bellmawr three years ago has moved into a modern new space across the street and is now the largest retail purveyor of cannabis on the East Coast.

The 6,150 square-foot Curaleaf dispensary opened this month in an industrial park in Camden County, about 10 miles south of Philadelphia.

The new facility is designed to handle 1,000 patients a day, said Jordan Isenstadt, a spokesman for Pallia-Tech, the company that owns Curaleaf.

Click here to read the complete article

Jan Hefler ~ Philly.com ~ 

Nevada exceeds pot tax revenue expectations; rec sales have topped $304 million - Cannabis News

Nevada is skating past its first-year goals for recreational marijuana revenue.

The state has collected $48.97 million in total marijuana tax revenues since sales began.

Adult-use cannabis sales topped $41 million in March, the most successful month since legal sales began in July last year, according to a report Wednesday from the Nevada Department of Taxation. 

Click here to read the complete article

Jenny Kane ~ Reno Gazette Journal ~

Marijuana Business Owners Rally On Capitol Hill As Cannabis Bills Gain Momentum - Cannabis News

More than 200 cannabis industry leaders from almost half the states in the country are converging this week on Capitol Hill to tell lawmakers it’s time to modernize federal marijuana laws.

As part of the National Cannabis Industry Association’s (NCIA) lobby days, taking place Tuesday and Wednesday, marijuana business owners will hold at least 200 separate meetings with U.S. House and Senate offices.

They are seeking support for a number of far-reaching bills that would limit or end the federal government’s interference with state cannabis laws and allow state-legal businesses to use banking services and be taxed more fairly.

Click here to read the complete article

Tom Angell ~ MarijuanaMoment.net ~

Investment firm offers CA$1M seed money to Canadian marijuana entrepreneurs

A major investment company is putting 1 million Canadian dollars ($780,000) on the table for aspiring cannabis entrepreneurs in Canada. Canopy Rivers Corp.’s program is open to entrepreneurs looking to access Health Canada’s proposed new licenses for micro-cultivation, nurseries, industrial hemp, processing, analytical testing, retailers and other emerging segments. “This is a way to help […]

Investment firm offers CA$1M seed money to Canadian marijuana entrepreneurs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis Industry Delivers 100,000+ Jobs And Billions In Tax Revenue - Cannabis News

Jobs are growing in the cannabis sector and the so are the businesses offering them.

125,000-160,000 people work full-time in the legal marijuana industry according to Chris Walsh, industry analyst and Editorial Vice President of MJBizDaily.

That includes growers, processors, sellers and those that service and supply those companies.

There are more marijuana sector employees than librarians or kindergarten teachers in the United States Walsh said.

Click here to read the complete article

Continue reading

Nine products nominated for EIHA innovation awards

Nine products will vie for “Hemp Product of the Year” honors during this year’s European Industrial Hemp Association’s (EIHA) 15th annual conference June 12-13 in Cologne. The competition, in its inaugural edition, aims to promote innovative applications and markets for industrial hemp-based products.

The award is sponsored by HempConsult GmbH, the Dusseldorf-based consultancy.

Delegates will vote winners

LAST MINUTE: We still have a few advertising positions remaining for this year’s EIHA Special Edition of HempToday. Contact us now on This email address is being protected from spambots. You need JavaScript enabled to view it.

A jury of representatives from the EIHA advisory board, Germany’s nova-Institute, and sponsors of the annual conference nominated nine entries in three categories. The nominatees will give 10-minute presentations on June 12, Day 1 of the conference. Conference delegates will then vote the winners, who will be announced during a ceremony that same evening.

The nominated companies also will will have their innovations in display in a shared exhibition space provided by the nova-Institute during the conference.


Continue reading
HempTalk