January 2020 - HempWire

FridayJan 31, 2020 4:00 pm

Thai Government Legalizes Industrial Hemp

After hemp was removed from the list of controlled substances under Section 5 of the Narcotic Act in 2019 by the Public Health Ministry, the cabinet approved a ministerial regulation permitting production, importation, and exportation of hemp. The Office of the Narcotics Control Board (ONCB) defines hemp as a Cannabis sativa L plant, which contains less than 0.5% of THC in its flowers and stem and not more than 0.3% of THC in the buds. CBD is the main active ingredient found in hemp, and it is non-psychoactive. It is believed to possess healing potential as it can be used…

FridayJan 31, 2020 9:00 am

USDA Approves Texas, Delaware and Nebraska Hemp Plans

On Monday, the United States Department of Agriculture announced that it had approved hemp regulatory plans for three more states and four Indian tribes. Since hemp production was federally legalized under the 2018 Farm Bill, the USDA has approved the production of hemp and its derivatives for three states and three Indian Tribes. The three additional states whose hemp regulatory plans have now been approved are Texas, Nebraska, and Delaware while the Indian tribes include Colorado River Indian Tribe, the Fort Belknap Indian Community, the Iowa Tribe of Kansas and Nebraska, and the Yurok Tribe. The USDA issued a notice…

ThursdayJan 30, 2020 4:00 pm

British Architects Build Sustainable Home Using Hemp

Hemp is slowly but surely carving a spot for itself as one of the most versatile raw materials we've seen in recent times. The plant has had a complicated history due to its close resemblance to marijuana, but attitudes are slowly changing. Although the two cannabis varieties look identical, the major difference between the two cannabis cousins is in their THC levels. THC, or delta-9 tetrahydrocannabinol, is a chemical produced by cannabis, and it is responsible for the psychoactive high marijuana is famous for. Hemp produces reduced amounts of this chemical. Extremely versatile in application, hemp has been said to…

ThursdayJan 30, 2020 9:00 am

New eSchool Seeks to Educate Financial Service Providers About Cannabis Businesses

The road to mainstream acceptance hasn't been easy for cannabis. The industry has made a lot of steps in the right direction, but there's still a long way to go. For decades, the crop was classified as a controlled substance, right next to hard drugs like heroin and cocaine, and this has cast a shadow that cannabis hasn't been completely able to shake off. As 2018 drew to a close, Congress passed the Farm Bill, legislation that legalized industrial hemp and allowed farmers to grow it under state and tribal programs. One condition was that the hemp had to have…

WednesdayJan 29, 2020 4:00 pm

Colorado State University to Investigate Hemp’s Chemical Profile

On Thursday, Colorado State University officials said that they expect the school’s research center to be opened this spring. The research center would be sorely for studying the chemical compounds found in hemp and marijuana. The research facility will be located at the Colorado State University in Fort Collins, Colorado. The faculty, undergraduate, and graduate students at the university will be in a position to study cannabinoid formulations, separation efficiencies, and efficacy testing. Cannabinoids include compounds such as CBD, which is also called cannabidiol. The associate dean for research at CSU College of Natural Sciences, Melissa Reynolds, said that cannabinoids…

WednesdayJan 29, 2020 11:44 am

SinglePoint Inc. (SING) Highlights Solar Focus on 1,100th Episode of MoneyTV; Diversification Creates Strong Opportunity

SinglePoint recently discussed solar, other programs on MoneyTV interview Company’s emphasis is diversification and M&A strategy SING provides investors the opportunity to make investments across broad set of assets Emphasizing new technologies, SinglePoint Inc. (OTCQB: SING) specializes in the acquisition of small to mid-sized companies. The company focuses on diversification into horizontal markets and has an acquisition-based business strategy. Headquartered in Phoenix, SinglePoint provides investors the opportunity to make investments across a broad set of assets, with an emphasis in new technologies. Recently, SinglePoint president Wil Ralston discussed the company’s major programs with Donald Baillargeon during MoneyTV’s 1,100th episode. Ralston…

WednesdayJan 29, 2020 9:00 am

Hemp Prices Plummet as Supply Exceeds CBD Demand

According to the CEO of PanXchange, Julie Lerner, hemp prices are on a downward turn due to the oversupplied hemp markets, and regardless of highly-priced CBD products such as $70 foot cream. In July last year, before the 2019 harvest hit the market, hemp biomass was selling at $40 per pound. However, a pound of hemp biomass is now going for $10, which is triple the drop from 2018 to 2019, said Lerner. The CBD consumer market is limited because the United States Food and Drug Administrations has prohibited the infusion of food or dietary supplements with CBD, but some…

TuesdayJan 28, 2020 4:00 pm

Delaware Awaits USDA Approval for its Hemp Program

Hemp had been banished to the list of controlled substances for decades before the 2018 Farm Bill changed everything. The legislation classified industrial hemp as cannabis with less than 0.3% THC (delta-9 tetrahydrocannabinol). THC is the chemical responsible for marijuana's psychoactive high, and according to the regulations laid out by the Farm Bill, legal industrial hemp has to have minuscule amounts of the chemical. Apart from the THC limits, the legislation also instructed states and tribes to create their own hemp programs and submit them starting December 2, 2019, to the U.S. Department of Agriculture (USDA) for approval. The USDA…

TuesdayJan 28, 2020 12:12 pm

SinglePoint Inc. (SING) CEO Reviews Record Year, Outlines Strategy for Record-Breaking Growth in 2020

CEO anticipates SING will surpass $10 million in gross revenues this year SinglePoint plans to drive 2020 vision through organic growth in high-value, high-opportunity markets and synergistic acquisitions Company to focus on Direct Solar, 1606 Original Hemp product line SinglePoint Inc. (OTCQB: SING) founder and CEO Greg Lambrecht thanked all 24,000-plus SING shareholders in a letter sent out this month (http://cnw.fm/I9YEe). The letter also outlines the company’s strategic plan for the new year, including a forecast that SinglePoint will reach $10 million in gross revenues this year, based primarily on the company’s focus on solar and the launch of 1606 Original…

TuesdayJan 28, 2020 9:00 am

New Italian Law Sets Limit for THC in Hemp Edibles

Cannabis has been dominating the conversation a lot lately. Not only do more people use cannabis and cannabis products than ever before, but a number of countries have already legalized adult recreational use, with more working on legalization policies. Hemp, a variety of cannabis with minuscule levels of THC (delta-9 tetrahydrocannabinol), has been subject to intense interest. The variety is insanely versatile, with applications ranging from construction and manufacturing to nutrition. While marijuana has higher levels of THC, the chemical that makes you high, hemp has increased levels of cannabidiol (CBD). The chemical isn't psychoactive, but it is said to…