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, […]
Hemp Business Executive
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 […]
Hemp-Derived CBD Will Dominate the Cannabis Industry within 4 Years
In 2016, hemp-derived CBD sales accounted for less than 5% of the cannabis market, but.rapid growth has driven CBD sales to nearly $600 million in 2018, and the Hemp-Derived CBD 2018 Market Overview and Analysis report from Brightfield Group predicts CBD sales will reach $22 billion (40 times its current market size) by 2022, surpassing […]
How legalization of hemp can help New York industry
Trees with fading leaves of early fall surrounded a wide field near Livingston at Old Mud Creek Farm, the home of Hudson Hemp. The site is one of the few legal hemp farms in the state, and may be a harbinger of what could become an agricultural economic driver in New York. “Hemp has tremendous […]
Drug Enforcement Administration Newly Classifies CBD as Schedule V Controlled Substance for Epidiolex
PRESS RELEASE DENVER, CO.—Sept. 27, 2018 Without regard for clear Congressional intent, the United States Drug Enforcement Administration (DEA) continues to act contrary to the express authorizations provided for in Section 7606 of the Agricultural Act of 2014 (the “Farm Bill”) and the Ninth Circuit Court of Appeals’ order in HIA v. DEA III (April 2018). […]
Florida Hemp Program Greenlit and Gearing for Growth
The fledgling pilot project led by University of Florida scientists to explore the potential of producing industrial hemp across the state is getting wings thanks to initial funding from a private partner. Green Roads Inc. has reportedly invested $1.3 million to sponsor the first phase of the UF/IFAS research program. The funds will go to support field trials currently […]
Colorado Loosens Hemp Testing Restrictions
A trio of state health and regulatory agencies have come to an agreement on how to test industrial hemp products in Colorado. In a joint bulletin issued Friday, September 21, the Colorado departments of Public Health and Environment, Agriculture and Revenue announced looser restrictions for licensed marijuana testing labs that wish to test industrial hemp and hemp-derived CBD products. Previously, […]
Elixinol Celebrates OTC Listing of Australian-Based Parent Company Elixinol Global
PRESS RELEASE Elixinol leads company’s growth with global hemp CBD demand DENVER— (September 18, 2018) — Elixinol Global Limited, known as EXL, (ASX: EXL, OTCQX: ELLXF) a global company in the industrial hemp, dietary supplements and emerging medical cannabis sectors, has commenced trading on the “OTCQX Best Market” in the United States under the symbol “ELLXF,” […]
The Ultimate Guide to Marketing Your CBD Start Up Without a Big Budget
Let’s face it, as much as we all wish it was so, starting out really isn’t as easy as becoming an overnight sensation, especially with such a new industry. That simply doesn’t happen. When it comes to getting your name out there, startup marketing is a huge deal. But what can you do when you […]
