TuesdaySep 03, 2019 4:00 pm

Should the Hemp Industry Celebrate or Be Worried by Smokable Hemp?

Consumers have taken to smokable hemp in a way that even the most optimistic industry enthusiast wouldn’t have predicted. While this mode of administration offers an additional consumption method that consumers can consider, smokable hemp comes with benefits for the industry and some possible drawbacks as the discussion below shows. Why Smokable Hemp Is a Blessing to the Industry For starters, some states within the U.S. haven’t legalized marijuana either for medicinal or recreational use. The existence of smokable hemp allows consumers in such jurisdictions to benefit from the other cannabinoids in cannabis (apart from THC). Secondly, many cigarette smokers…

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TuesdaySep 03, 2019 12:50 pm

Sugarmade Inc. (SGMD) Benefits as Farmers are Attracted to the Booming Hemp Market

SGMD is ideally positioned as American farmers seek refuge from the low prices and reduced sales created by the ongoing U.S.-China trade war A recent USDA survey reported an almost 400 percent increase in hemp acreage in 2019 The hemp industry generated more than $1 billion in revenues in 2018, and it is projected to grow to $1.9 billion by 2022 Sugarmade Inc. (OTCQB: SGMD), a supplier of hydroponic and cultivation equipment to growers in the booming industrial hemp sector, is well-positioned to fulfill the needs of farmers who are choosing to cultivate hemp. A thriving hemp market offers farmers…

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TuesdaySep 03, 2019 9:00 am

USDA Under Secretary Visits Kentucky Hemp Farm, Listens to Challenges Faced

On his latest stop during his visit to different states growing industrial hemp, USDA Under Secretary Greg Ibach toured a farm in Kentucky and got firsthand information about the challenges that hemp farmers there are facing. In his remarks on Wednesday, Ibach expressed optimism that while Kentucky was a little behind other states in the cultivation of industrial hemp, it could easily catch up. These comments came at the end of his tour of Nebraska Hop Yards, a hemp farm whose plants appeared to be at the peak of their growth and there were pointers that the farmer would get…

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