November 2019 - HempWire

WednesdayNov 27, 2019 4:00 pm

European Industrial Hemp Association Elects New Leaders

The 26-year old Daniel Kruse has been chosen as the president of the European Industrial Hemp Association (EIHA). Kruse is an expert in the hemp industry and the founder and CEO of Hempro International GmbH & Co. KG and HempConsult GmbH. The two companies are leading in the production of hemp in Europe. On November 22, the association held its 27th annual general meeting where they elected Kruse to replace Mark Reinders. Reinders served as EIHA president for the past five years and is the current CEO of HempFlax, which is based in Holland. Reinders will continue serving as EIHA’s…

WednesdayNov 27, 2019 9:00 am

Oregon Senators Object to USDA Hemp Testing Rules

Few industries can claim to have experienced the same explosion of growth the hemp sector has enjoyed. Valued at $4.4 billion in 2018, the industry is expected to be worth a whopping $14.67 billion by 2026. While these figures paint an awesome picture, the hemp sector didn't have the time to grow organically with comprehensive regulations already in place. The USDA has had to play catch up, releasing its interim final rule on hemp a year after the 2018 Farm Bill legalized the cultivation of industrial hemp. While industry stakeholders are glad the industry now has structure, the restrictive nature…

TuesdayNov 26, 2019 4:00 pm

Jamaican Minister Breaks Ground on Hemp Farm

On Thursday, November 21, the Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audrey Shaw, broke the ground on the 113-acre hemp farm located in Lennox Bigwoods, Westmoreland. The farm is owned by Virtudes Company Limited, which is a wellness organization with an investment of $1 million. Virtudes Company Limited was awarded licenses for the cultivation and production of hemp-based products. These products include hemp flower and cannabidiol oil. The company would also be in a position to supply the products to health and wellness companies located in the U.S. and around the globe. Virtudes Company Ltd. has already employed…

TuesdayNov 26, 2019 1:38 pm

Green Hygienics Holdings Inc. (GRYN) Again Expands Management Team, Advisory Board to Lead Key Hemp Cultivation Business Strategies

New Senior VP of Business Development owned and ran massive North American greenhouse operations of approximately 20 million square feet with annual turnover of over $300 million New Senior VP of Corporate Development specializing in effecting private and public mergers and acquisitions and financings as well as Independent Director with experience in finance and banking Green Hygienics Holdings owns largest indoor and outdoor hemp cultivation spaces in North America after acquiring Potrero Ranch Green Hygienics Holdings Inc. (OTCQB: GRYN), an innovative, full-scope, premium hemp cultivation and branding enterprise targeting the high-end medical and adult-use recreational market, appointed four professional managers…

TuesdayNov 26, 2019 9:00 am

How Does CBD from Hemp Differ From That Extracted From Marijuana?

If you have been paying even the slightest attention to the news, you have undoubtedly heard of cannabidiol (CBD), a hemp extract that has been taking the world by storm. For the past few years, stories have surfaced about the compound's potent and versatile medicinal properties. The extract has been said to help manage a host of medical conditions ranging from anxiety and depression to high blood pressure and chronic pain. Due to the continued focus on hemp, you might think that CBD can only be extracted from hemp, but even the federally illicit marijuana produces cannabidiol. The 2018 Farm…

MondayNov 25, 2019 4:00 pm

Hemp Industry Concerned That DEA Is Involved in Crop’s Regulation

The new interim final rule introduced by the USDA consists of a stringent process of testing THC in industrial hemp. This has created an air of concern among hemp farmers and hemp industry advocates. On October 31, the U.S. Department of Agriculture released the interim federal rule for industrial hemp stipulating that testing of THC in hemp crop would be conducted by laboratories which are registered with the U.S. Drug Enforcement Agency (DEA). This has brought about panic among industry members as it would create delays in testing and holdups, particularly in areas which are far from the registered labs.…

MondayNov 25, 2019 12:51 pm

SinglePoint Inc. (SING) Reports Record Quarter, Projects Promising Future

Company reports revenue growth of 176%, gross profit increase of 30% Acquisition of Direct Solar has exceeded revenue growth targets; subsidiary projected to reach $15 to $25 million in contract origination in 2020 Following successful product introduction at NACS 2019, SING launches wholly owned 1606 Original Hemp cigarette SinglePoint Inc. (OTCQB: SING), a leading technology and acquisition company, has announced its financial results for third quarter 2019 (http://cnw.fm/9jzqI). Highlights include a revenue increase of 176% over the same period in 2018 and a gross profit increase of 30%. The revenues and gross profit are on an upward swing. This is…

MondayNov 25, 2019 9:00 am

First US Hemp Tracking System Launched in Delaware

If hemp were a person, they'd be having the time of their life right now. For the past few years, the crop has been subject to a slew of legislation that released it from the shakes of prohibition. First, the 2018 Hemp Farming Act, part of the Farm Bill, classified cannabis with less than 0.3% THC (delta-9 tetrahydrocannabinol) as hemp. This farmers in all 50 states were allowed to grow the cash crop under state hemp programs. Then in October 2019, the USDA released its interim final rule on hemp, giving the rapidly expanding industry a more comprehensive regulatory framework.…

FridayNov 22, 2019 4:00 pm

Hemp Farmers Hopeful as International Auction Starts in Tennessee

Farmers in Williamson County, Tennessee are hoping to sell their hemp crops at the International Hemp Auction and Market which is the first to be held in the county. The three-day auction is taking place in Williamson County at the AG Expo Park in Franklin, TN. The event will take place from November 19 to 21. The entrance fee for persons above the age of 18 is $15, and those below 18 years will pay $10. The ticket allows you access to hemp vendors and CBD products going for a price below the normal retail prices. Farmers realized this harvest…

FridayNov 22, 2019 9:00 am

Ohio Farmers Fear Draft Hemp Rules Could Lock Them Out

The hemp industry, it seems, is on a wild roller coaster that won't seem to stop. For starters, the crop has for decades had a taboo aspect to it because of its relation to the infamous marijuana. Still, it has numerous other non-intoxicating uses, and in 2018, Congress passed the Farm Bill, effectively legalizing the cultivation of industrial hemp. The sector quickly grew carried by demand for the increasingly popular hemp extract cannabidiol (CBD), and in just one short year, the industry was flooded with thousands of unregulated CBD products. After continued calls for the United States Department of Agriculture…