Capital Press Reports…
An Oregon hemp processor claims a Washington farm violated a contract by failing to deliver hemp of sufficient potency and quality to fully repay a loan.
New Earth Biosciences, a processor in Salem, Ore., has filed a lawsuit seeking repayment of about $800,000 advanced to Terra Ridge Farms of Othello, Wash., for seeds, growing supplies and drying services.
Under a contract between the companies, 90% of the hemp supplied by Terra Ridge Farms to New Earth Biosciences was to contain at least 10% cannabidiol, or CBD, the complaint said.
The CBD compound is extracted for use in a variety of products, as it’s believed to have anti-inflammatory and other healthful qualities.