Company Constructing Hemp Houses Earns Agritourism Grant: Week in Review
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Company Constructing Hemp Houses Earns Agritourism Grant: Week in Review

Plus, industry stakeholders are communicating with the New York Department of Health about regulating cannabinoid-containing products that are processed and sold at retail.

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February 6, 2021

CBD

This week, Congress reintroduced a bill that would legalize cannabidiol (CBD) in dietary supplements. First introduced in the last Congress as H.R. 8179, the act would create the first pathway for non-medical CBD product to be approved and regulated by the FDA, thereby promoting consumer safety. The bill has garnered bipartisan support. Read more

Meanwhile, biomass prices appear to have reached some level of stability heading into 2021. A recent Hemp Benchmarks report shows prices remained steady for January, while prices for smokable CBD flower grew for the second month in a row. Read more

In other news:

  • Canadian Rockies Hemp Corporation, an Alberta-based agribusiness that focuses on processing hemp at scale for industrial use outputs, has announced the closing of a CAD $18 million equity and debt financing led by Merida Capital Holdings. The company will use the proceeds to complete construction of its Bruderheim biorefinery, the first of several planned across Western Canada. Read more

  • Cannabis Conference—the cannabis industry’s leading conference for cultivators, retailers, extraction specialists and hemp growers—will return to the Paris Las Vegas Hotel & Casino from August 24-26, 2021. Read more

  • The team at Midwest Hop Producers, based on a farm in Plattsmouth, Neb., are making the switch to hemp. As 2021 unfolds, Midwest Hop Producers is planning to grow starts in their greenhouse for other farmers and develop an educational conference for the regional hemp industry. Read more

  • As the New York State Department of Health (DOH) continues to work on proposed hemp and CBD regulations, growers have been communicating with the department about some of the intricacies. Read more

  • Coexist Build, a Pennsylvania-based architecture firm, was awarded a $4,500 grant from the state department of agriculture to call attention to its regenerative organic farm, which features hemp-based construction. Read more