August 2019 - Page 5 of 6

ThursdayAug 08, 2019 1:15 pm

Marijuana Company of America Inc. (MCOA) Reaching into International Markets as Brand Strength Grows

Marijuana Company of America is based in the United States and has begun launching its cannabidiol (CBD) products in the United Kingdom and Europe The cannabis and hemp industries are expected to be worth $66.3 billion worldwide by 2025 The CBD market in Europe is expected to grow by more than 400 percent through 2023 MCOA’s revenues increased by 840 percent year-over-year during 2018 and, at the end of the first quarter of this year, were up by 504 percent year-over-year Marijuana Company of America Inc. (OTCQB: MCOA) has been flexing its muscle in the cannabis and hemp industries during…

ThursdayAug 08, 2019 12:20 pm

HTC Extraction Systems (TSX.V: HTC) Expanding on its Buildout and Biomass Drying Infrastructure

In a chairman announcement, HTC Extraction Systems shed some light on the ongoing expansion of its buildout and biomass drying infrastructure The company also discussed the unexpectedly fast growth of its hemp crops in Saskatchewan Additional testing suggests that the main plant variety forming the largest portion of the harvest will contain higher-than-anticipated CBD levels HTC PureEnergy Inc. (TSX.V: HTC) (dba HTC Extraction Systems), an advanced extraction and purification technology company, announced on July 31, 2019, that its hemp crops in Saskatchewan have grown at an advanced rate that exceeds expectations. Additionally, testing of the plant variety that makes up…

ThursdayAug 08, 2019 9:00 am

Businessman Sues Nebraska for Not Giving Him a Hemp Cultivation License

Jacob Bish, a farm equipment dealer is suing the state of Nebraska for not granting him one of the ten hemp cultivation licenses that were issued to farmers who wish to participate in a test program during the 2019 farming season. 176 applicants had expressed interest in obtaining a license to participate in a hemp research program instituted after the legislature passed LB657 this spring. The research program was designed by the State Patrol and the Department of Agriculture. When the winners were announced in July and Bish Enterprises wasn’t among the winners, Jacob Bish penned a letter to the…

WednesdayAug 07, 2019 4:00 pm

Wyoming Governor Confirms the State is Working to Get Hemp Program Underway

Gov. Mark Gordon of Wyoming has reiterated that the state government is doing everything in its power to kick-start the hemp industry. He revealed that the state is now waiting for the U.S. Department of Agriculture (USDA) to approve the plan that the state sent regarding how the state-level program will be run. Gordon made these comments in a press release that was issued by his office on Tuesday as he responded to the growing complaints about the delay of the state to release its draft regulations for the industry. When Congress passed the 2018 Farm Act, the legislature debated…

WednesdayAug 07, 2019 9:00 am

Hemp Theft Continues, Even if the Crop Won’t Get People High

When industrial hemp was legalized, many farmers quickly took to the crop because of its numerous uses, including CBD extraction, textile or rope making, biofuel making and animal feed, among others. However, a raft of hemp thefts have been reported in different parts of the country and law enforcement officers believe those who steal the crop want to smoke it in order to get high. The police forces in the affected areas believe that those who are stealing hemp plants are unlikely to be individuals who want to process hemp into its different end-products since such an undertaking requires sophisticated…

TuesdayAug 06, 2019 4:00 pm

West Virginia Announces Hemp Cultivation Application Window

Officials in West Virginia have announced the timeline within which farmers who intend to grow industrial hemp during the 2020 seasons can apply to be licensed. The application period will start on September 1 and end on September 30. Those who wish to apply during this window should expect a bit of a queue since the number of growers is expected to rise significantly. For example, in 2017 when the pilot program was still running, only 24 farmers grew hemp. However, that number rose to 170 in 2019 and is likely to rise much higher in 2020. In order to…

TuesdayAug 06, 2019 9:00 am

Kentucky Hemp Industry Registers Major Investments

Officials in Kentucky say they want to make the state a “hemp epicenter” and the recent investment activity in this industry could get them underway to attaining that lofty goal. So far, 1,000 farmers have obtained licenses to grow hemp on a combined area that is in excess of 50,000 acres. This cultivation capacity is a huge jump from the 6,700 acres cultivated last year (for which Kentucky was the third largest grower of hemp in the country). The 2018 Farm Act could be credited for this jump in production. The processing/manufacturing side has also seen major activity with 110…

MondayAug 05, 2019 4:00 pm

Legal Roadblocks Still Stand in the Way of Using Hemp as Animal Feed

While many farmers and other hemp value chain actors have the CBD market on their mind as they consider entering the hemp space, there is a lot of untapped potential in using hemp as animal feed. However, a number of legal issues may delay those who wish to tap the potential of hemp as an animal feed product or ingredient. Why Hemp as Animal Feed? Hempseed products have been documented to contain high amounts of fatty acids and protein. They also contain many minerals essential to the health of animals. These include boron, copper, zinc, manganese and iron. Using hemp…

MondayAug 05, 2019 9:00 am

US Hemp Authority Invites Public Comments on Certification Program

The idea of forming a self-regulating organization (SRO) for the hemp industry was born in 2016 when the leadership of the Kentucky Hemp Industry Coalition-KHIC, realized that for the industry to thrive, there was need for a strong certification entity to be created in order to ensure that high standards, best practices and self-regulation were enforced. This would ensure that the plant’s association with marijuana doesn’t stifle the growth of the hemp industry. The U.S. Hemp Authority has since been formed and certifications have been issued under Guidance Plan 1.0. In July this year, the authority released Guidance Plan 2.0…

FridayAug 02, 2019 4:00 pm

Privacy Law Worries Michigan Hemp Farmers

While the 2018 Farm Act stipulated that any farmer who applied for a license to grow industrial hemp had to disclose their GPS coordinates, the Attorney General’s office in Michigan was of the view that the information about hemp license holders was exempted from public release, and the resultant hemp law passed by the state reflected this position in order to protect the farmers and their crops. However, some farmers in this fledgling industry are concerned that the failure to disclose their GPS coordinates could be counterproductive for the nascent hemp industry. One of the potential problems has to do…