PRESS RELEASE Industry-Leading Hemp Manufacturer Announces Research & Development Innovation with Hemp Genetics at 0.0% THC Creates Tremendous Opportunity for Outdoor CannabisTM Genetics to be Debuted through GenCanna’s Certified Farming NetworkTM GenCanna Will Sponsor Masters and Ph.D. Fellowships at University of Kentucky WINCHESTER, Ky.–(BUSINESS WIRE)–GenCanna Global Inc. (“GenCanna” or the “Company”) announces that the company […]
Hemp Business Executive
How Hemp Became Insanely Lucrative
Derived from identical plants, vastly easier to cultivate, and profoundly more profitable, industrial hemp always lacked legalized marijuana’s sizzle. Derived from identical plants, vastly easier to cultivate, and profoundly more profitable, industrial hemp always lacked legalized marijuana’s sizzle. That all changed on Dec. 20, 2018 when President Donald J. Trump signed the Agriculture Improvement Act […]
Canopy Growth to Build First U.S. Hemp Plant in New York State
Canopy Growth Corp. will spend as much as $150 million to build its first production facility in the U.S. after the Canadian cannabis company was granted a hemp license by New York state. The U.S. farm bill legalized hemp and hemp-derived cannabidiol last month, creating a rush among Canadian pot firms that were previously unable […]
Elixinol Welcomes Hemp Industry Advocate Joy Beckerman As Regulatory Officer & Industry Liaison
PRESS RELEASE Beckerman will represent Elixinol’s position in hemp industry’s dynamic U.S. regulatory and advocacy environment DENVER — (January 3, 2019) — Elixinol, a wholly owned subsidiary of Elixinol Global (EXL)(ASX: EXL; OTC: ELLXF), announces Joy Beckerman’s appointment to Elixinol’s team starting January 1, 2019. In Beckerman’s role as Regulatory Officer and Industry Liaison, she will […]
The CBD Boom is Coming – Here’s What You Can Expect
With the passing of the 2018 Farm Bill, industrial hemp was legalized in the United States, which means we’ll see a boom in the hemp-derived CBD products market in 2019. According to a report by Brightfield Group, the CBD market is expected to reach $591 million in 2018 (80% growth over 2017), and could grow […]
FDA Updates its Position on CBD upon Signing of Farm Bill
Hours after President Trump signed the 2018 Farm Bill into law, the FDA released a lengthy statement from its commissioner, Scott Gottlieb, M.D., updating its position on CBD products intended for human consumption. Flexing its muscle, the FDA points out that the Farm Bill “explicitly preserved the agency’s current authority to regulate products containing cannabis […]
The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill
CPA Covers The Income Tax Implications for Hemp Farms after the new 2018 Farm Bill The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. This blog post will mainly focus on what the tax implications of this legalization and […]
New Law Removes Major Barrier for Hemp-based CBD Industry
By Rebecca Gwilt On December 12, 2018, Congress passed the 2018 Farm Bill (The “Agriculture Improvement Act of 2018” or the “Bill”), which includes provisions that exempt Cannabis plants with lower than 0.3% THC content (also called “Hemp”) from the Controlled Substances Act (CSA). Once signed into law, the Farm Bill effectively legalizes the production, […]
Congress just quietly passed a law that could spark a boom for the $1 billion marijuana-linked CBD industry
This week, a plant that’s nearly identical to marijuana is set to become legal to grow in the US. Thanks to the US Farm Bill, which the House passed on Wednesday in a 369 to 47 vote, American farmers will be able to plant and harvest hemp, a strain of the same plant species from […]
Even farmers are shifting from tobacco to hemp and CBD
Will Brownlow, who has been farming in southeast Kentucky for close to three decades, says he first planted 10 acres of hemp in 2016 for the “novelty factor.” This year, he planted 40, and next year he plans to cover 60 to 80 acres (25 to 32 hectares) of the 340 acres he farms in […]
Mental Health Researchers and Chemists Issue a Consumer Warning Regarding CBD Vape Oils
A Press Release from the International Research Center on Cannabis and Mental Health and the Cannabis Chemistry Subdivision of the American Chemical Society (New York, NY) November 16, 2018 – Today, two nationally recognized groups announced a warning to consumers of CBD products. The two organizations are the International Research Center on Cannabis and Mental […]
Will Hemp-Derived CBD Be Fully Legal with Passage of the 2018 Farm Bill? Not Quite…
By Ian Stewart, Wilson Elser Public interest in the potential health benefits of CBD (cannabidiol) is responsible for a whole new market segment of health and wellness foods and supplements that features CBD as an ingredient. CBD is one of more than 100 cannabinoids in the cannabis plant, but unlike THC (tetrahydrocannabinol), CBD is not […]
McConnell Says Industrial Hemp Will Be In Farm Bill
Farm bill negotiators in Congress have struggled to resolve differences over work requirements for food stamp recipients, but the Senate’s top Republican guarantees the final version will include legalization of hemp. Senate Majority Leader Mitch McConnell said Friday that completing work on a new farm bill looms as one of his top priorities when Congress […]
What Kind of Insurance Will Farmers Need in a Hemp-Legal World?
By Spencer Mahoney Assuming it’s adopted, this year’s federal farm bill would officially classify hemp as an agricultural commodity, a move expected to result in two big changes: First, a flood of farmers, the common wisdom holds, would jump onto the hemp farming bandwagon. Hemp promises to deliver higher profits than crops such as corn, […]
Amendment X: Why an ‘industrial hemp’ question on Colorado’s ballot is important to a fledgling agricultural industry
Imagine if Colorado, a pioneer in the nation for legalized marijuana, ended up locked out of a competitive advantage if the federal government relaxes its own rules for growing hemp. You can almost hear Alanis Morissette adding a verse to her famous song. But that could happen, say those in Colorado’s hemp industry who are counting […]
California Passes Industrial Hemp Legislation
We’ve been closely following the trajectory of SB 1409 and on September 30, 2018, Governor Brown signed the bill which will go into effect on January 1, 2019. This legislation is a huge step for California cannabis, in that it will add an industrial hemp pilot program to the California Department of Food and Agriculture’s […]
Will the FDA/DEA Epidiolex Rulings and the 2018 Farm Bill Change the Industry?
In late June 2018, the Food and Drug Administration announced approval for a new medication that could potentially change the way the world views cannabis. Epidiolex is a CBD-based oral solution that is prescribed to treat two forms of rare epilepsy. Patients who suffer from Dravet syndrome, as well as Lennox-Gastaut syndrome, may find that […]
TGOD Closes Acquisition Of Hempoland, Providing Immediate Accretive Revenue And International Sales
PRESS RELEASE The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce the closing of the previously announced acquisition of HemPoland. The transaction has received approval from the Toronto Stock Exchange and cements the Company’s commitment to building shareholder value through international expansion. “HemPoland has proven an ability to […]
