California City Moves to Regulate Hemp, Exactus Inc. Launches Genetics Division: Week in Review

Arvin, Calif., is aiming to have local jurisdiction over growers and manufacturers to obtain tax revenue and support the community and environment.

May 2, 2020

This week, after a lawsuit over destroyed hemp, a city in California has introduced legislation to obtain local jurisdiction over growers and manufacturers, as well as work with them on tax revenue and supporting the community and environment in other ways. Meanwhile, Exactus Inc., a relative newcomer to the hemp space, has launched a genetics division with the leadership of executives who have previously worked in hemp genetics.

Here are this week’s top headlines you might have missed.

  • Federal: The U.S. Food and Drug Administration (FDA) has sent warning letters to two companies operating in the CBD space for violating the Federal Food, Drug and Cosmetic Act (FD&C Act). Read more
    Meanwhile, President Donald Trump recently approved another coronavirus relief package, approving $484 billion to aid to small businesses and healthcare systems. Unlike part of the previously approved economic stimulus package, some of the newly approved funds have been reserved for agriculture-related businesses. Read more

  • California: Apothio sued Kern County for allegedly destroying $1 billion worth of its hemp crop. Now, officials within the city of Arvin—located in Kern County—are working to attract Apothio and other hemp businesses by introducing a hemp ordinance that would provide local jurisdiction over hemp cultivation and manufacturing. Read more

  • Florida: Exactus Inc. recently launched a genetics division to provide farmers reliable feminized hemp seeds with a range of cannabinoid and terpene profiles. While the company itself is a relative newcomer to the hemp space its executives have a combined decades of experience in farming and genetics. Read more

  • Georgia: Amid COVID-19, CBD Store and More has opened its doors with some key adjustments  to keep customers and employees safe. Here's how it's faring. Read more