New Frontier Data, a market-analysis firm that caters to the marijuana industry, is expanding its focus to hemp with the purchase of Hemp Business Journal.
Terms of the deal weren’t disclosed.
New Frontier is headquartered in Washington DC but has a Denver office. Hemp Business Journal is based in Denver.
New Frontier CEO Giadha Aguirre de Carcer said in a statement that adding hemp analysis to the company’s portfolio opens the door for new business opportunities, not just for analysis of the plant itself but for its industrial uses, from bioplastics to personal-care products.
“The activation of hemp markets in the U.S. and around the world represents an opportunity for tremendous economic impact,” Aguirre de Carcer said.
Sean Murphy, founder of Hemp Business Journal, said New Frontier’s expansion into hemp will “help investors, entrepreneurs and governments better understand the opportunities created by this unique plant.”
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