New Frontier Data

With global demand for hemp surging, China's sector is poised for years of dramatic growth. In 2017, Chinese hemp sales totaled $1.1 billion (USD), approaching 1/3 of the $3.1 billion global market, with sales forecasted to grow to $1.5 billion (up 36%) by 2020. In 2017, textiles accounted for...

By J.J. McCoy, Senior Managing Editor, New Frontier Data Not that the expanding patchwork of licensing regulations for hemp programs throughout the United States can be confusing and uneven, but had Johnny Appleseed faced all the challenges now confronting prospective American cultivators, he...

By Larry Mishkin, Hoban Law Group, Litigation Practice Group Counsel Last month, Illinois Gov. Bruce Rauner signed into law Senate Bill 2298, the Illinois Industrial Hemp Act, which became effective immediately. The act allows Illinois farmers, in conjunction with a university or other recognized...

By Yona Torres Editor New Frontier Data All eyes are on Canada as the country takes its first few steps into a fully legal cannabis landscape. As such, Canada is taking a measured pace in its rollout of legal adult use cannabis. The country is currently limiting its product offerings and will not...

By William Sumner, Hemp Business Journal Contributor A victory for the legal hemp industry was struck late last month as California Governor Jerry Brown signed into law SB 1409, to legalize hemp farming in the state. Included in the law are a series of provisions to clarify and resolve various...

By William Sumner, Hemp Business Journal Contributor Last week, the hemp industry was abuzz with the news that the United States Drug Enforcement Administration (DEA) would move Epidiolex, a CBD-based drug derived from cannabis, from a Schedule I substance to a Schedule V substance. The scheduling...

In July, the California Department of Public Health's Food and Drug Branch (CDPH-FDB) threw the burgeoning cannabidiol (CBD) industry into some frenzy by issuing a revised FAQ on CBD in food products, declaring that it cannot be added to any, even if it comes from legal hemp. The move thus...

There are three weeks before the current farm bill is due to expire on September 30, and while negotiations for the Farm Bill 2018 continue in fine-tuning the new 1,000-plus-page legislative piece, the prognosis is positive for the industrial hemp industry. The timeliness of its passage, however,...

By: William Sumner Have you ever experienced sticker shock? If you're like some of the people following the development of GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) CBD-based drug, Epidiolex, then odds are you probably have. After gaining approval from the FDA, GW released the estimated price...

Canada's cannabis market is booming as advertised under Prime Minister Justin Trudeau's cannabis-friendly administration. M&A activity has been concentrated among Canadian public companies (trading via TSX, CSE, or OTC) investing with or acquiring hemp companies. Access to capital and...

Some notable trends emerged through New Frontier Data's analysis of where California's 3,040 cultivation licenses have been issued as of July 18. Out of the 27 participating counties, Santa Barbara and Humboldt account for more than half (52%) of the active growers licenses. Monterey and...