NewsRoom Articles - Page 83 of 251

WednesdayDec 18, 2019 4:00 pm

USDA Estimates 20 Percent of Hemp Grown in 2020 Will Be Hot

According to the new estimates released by the United States Department of Agriculture (USDA), one in five farms growing hemp in the 2020 planting season would lose its crop because the level of THC would be more than the stipulated federal limit of 0.3%, making the plant illegal. The Hemp Industry Daily released the USDA estimates in a special report, “USDA Hemp Rules: A Handbook for Hemp and CBD Businesses” late last week. The free report, which was released by the USDA on October 31, outlines the contents of the agency’s interim final rules governing the formation of the domestic…

WednesdayDec 18, 2019 9:00 am

Oregon Hosts Hemp Researchers from China

There's a cannabis revolution going on, and cannabidiol (CBD) is at the helm. For the past few years, cannabis has been gaining popularity, not as a recreational drug, but as a medicine. The 2018 Farm Bill began the revolution, classifying hemp with less than 0.3% THC (delta-9 tetrahydrocannabinol) as hemp. THC is the compound responsible for cannabis' psychoactive high. Industrial hemp and all its extracts became fair game, legal to plant, market and sell. In the year since industrial hemp and all its extracts became legal, the market for CBD has grown to insane proportions, and it's expected to hit…

TuesdayDec 17, 2019 4:00 pm

5 Highlights of the Recent Hemp Industry Daily Forum

The 2019 Hemp Industry Daily Forum was held at the Las Vegas Convention Center on Tuesday during the MJBizCon Week. More than 500 entrepreneurs from all sectors of the hemp supply chain attended the forum to learn strategies of advancing in the ever-growing hemp industry. It has been a year since hemp production was legalized in the U.S, but the market for the new crop is still going through seismic shifts, which is creating a barrier for small as well as established hemp businesses. Discussed below are five expert tips on navigating the hemp markets noted by the speakers at…

TuesdayDec 17, 2019 9:00 am

Brooklyn Brothers Want 10 Million for Wrongful Arrest and Confiscation of Hemp

Earlier this year, a New Yorker was arrested and slapped with federal drug trafficking charges after the police intercepted and confiscated what they thought was a shipment of marijuana. Ronen Levy was receiving the shipment of hemp from Vermont on his brother's behalf, Oren Levy, who owns Green Angel CBD. Acting from a tip from a FedEx driver, New York police arrested him and confiscated 106 pounds of hemp. On Tuesday, Brooklyn prosecutors dropped criminal charges against Levy, and he and his brother are seeking $10 million in damages from the NYPD. The claims include $8 million for false arrest,…

MondayDec 16, 2019 4:00 pm

Vermont Hemp Farmers Fear They Have Been Conned by Buyer

A group of Vermont farmers’ financial future is uncertain after being duped by the man who was supposed to buy their hemp. The farmers invested time and money into the crop; some even switched wholly from previous operations to grow hemp. Patrick Sullivan owns Ananda Garden, where he has Montpelier chicken and also grows vegetables. He expanded his garden by 2 acres to grow hemp. Sullivan was looking to add another business to his existing ventures and entered into a $50,000 contract with CBD Vermont. Sullivan further said that he is counting on the payment. Sullivan cultivated hemp for CBD…

MondayDec 16, 2019 9:00 am

USDA Predicts Hemp Sales Could Top $100 Million by 2022

According to new estimates by the United States Department of Agriculture (USDA), hemp sales in the U.S. could increase to $25 million by 2020. USDA also estimated that by 2022, the sales could skyrocket to $100 million. Hemp Industry Daily outlines some of the figures estimated by the USDA in a new special report, which was researched and compiled by experts and the editor of the Hemp Industry Daily. The report is titled ‘The USDA Hemp Rules: A Handbook for Hemp and CBD businesses’. The report breaks down the costs and implications of the new USDA rules. It also answers…

FridayDec 13, 2019 4:00 pm

Texas Company Plans to Establish the Largest US Hemp Processing Facility

Hemp has had an unfortunate history. For years, it was classified as a Class 1 Controlled substance, and it was illegal to grow, market or sell cannabis or cannabis-derived products. This was a severe setback, hindering research into the plant's abilities and applications. The 2018 Farm Bill changed all that, classifying cannabis with less than 0.3% THC (delta-9 tetrahydrocannabinol), the compound that gives users a psychoactive high, as legal industrial hemp. Farmers in all states and tribes were given the green light to farm industrial hemp under State and Tribal programs. A year later, the hemp industry is going strong,…

FridayDec 13, 2019 9:00 am

Cuomo Signs New York Hemp Law

New York Governor Andrew Cuomo has signed a landmark bill that will give the state's hemp industry a major boost. Passed on Monday, the legislation allows the state of New York to regulate the growth and sale of products containing hemp extracts. "The hemp industry is exploding, and with that growth comes a responsibility to regulate the industry in a way that helps to ensure its long term viability and protects consumers," he says. Hemp is an insanely versatile cash crop, with an almost uncountable number of industrial applications. However, hemp has been trending lately, not because of its industrial…

ThursdayDec 12, 2019 4:00 pm

University of Missouri Extension Offers Free Hemp Workshops

Free industrial hemp workshops will be held at the University of Missouri Extension during the month of December and January. Greg Luce, the Missouri University Extension agronomist, together with Joe Horner, an agricultural economist, will deliver a talk during the workshop on cultivating industrial hemp and how to budget for the crop. The workshop will be held at Marshall and Carrollton. Representatives from the Department of Agriculture in Missouri will make a presentation giving an overview of hemp regulations. They will also outline the process of applying for hemp cultivation licenses in Missouri. According to Missouri University Extension field specialist…

ThursdayDec 12, 2019 9:00 am

Colorado Company Starts Selling Hemp Burgers

You have probably heard of hemp, or maybe you know it as cannabis. Dubbed industrial hemp because of its numerous industrial applications, it has proven one of the most versatile and profitable cash crops of the century. Hemp is used to make rope, textiles, clothing and bioplastics and many more others, but have you ever heard of hemp burgers? Yes, that's right. Hemp burgers. Hemp has long been an ingredient in the kitchen, mostly for the nutritional benefits the plant offers. Hemp burgers are an exciting new venture by Carla Boyd, the founder of Hemp Way Founds. Right off the…