NewsRoom Articles - Page 99 of 251

ThursdaySep 05, 2019 4:00 pm

Cornell University Secures Hemp Cultivation Research Partnership

Cornell University announced in a press release that it had secured a research partnership with a global agricultural company in order to study hemp and help farmers with much-needed information. The research that will be conducted by Cornell University and Pyxus International will last for an unspecified number of years. This partnership was born out of the mutual interest of the two parties in industrial hemp. During the first year of this collaboration, attention will be centered on four key objectives. The first objective involves comparing the different hemp cultivars that are available for the commercial cultivation of CBD-rich plants.…

ThursdaySep 05, 2019 9:00 am

The Largest Hemp Processing Facility in the US Opens in Colorado

Colorado City in Southern Colorado will soon be host to the largest hemp processing facility in the U.S. when a facility set up by Paragon Processing starts operating. The 250,000 square foot facility was opened on Wednesday last week and the company says that they hope to process close to 50 million pounds of hemp each year. Additionally, the company revealed that its processing facility will create 250 jobs and most of them will be within Colorado City whose total population doesn’t exceed 2,500 people. Co-President Matt Evans says that this processing facility will make a number of hemp extracts…

WednesdaySep 04, 2019 4:00 pm

Thai Authorities OK Hemp Use in Food, Cosmetics and Herbal Products

Hemp and its different derivatives can now be used in cosmetics, food and herbal products in Thailand after the authorities there relaxed the restrictions on these products. A royal gazette announcing this change indicated that the rule change would take effect starting on August 27. The government in Thailand also removed marijuana and hemp whose THC content doesn’t exceed 0.2 percent from the list of prohibited narcotic products. Tares Krassanairawiwong, the Thai FDA Secretary General, was quoted as saying that the new changes are intended to support the use of hemp as a cash crop by allowing its extracts to…

WednesdaySep 04, 2019 9:00 am

Builders Switch to Hemp in Order to Reduce Pollution

Concerns about the greenhouse gas emissions of the construction industry have led forward-looking entrepreneurs to switch to using hemp which sequesters carbon dioxide while it grows and the structures built use less energy throughout their service life. Mac Radford, owner of JustBioFiber Structural Solutions based in Calgary (Canada), is one of those entrepreneurs who is overwhelmed by orders coming from eco-conscious people in search of sustainable building materials. Radford revealed that he has more demand for hemp bricks than his company can currently supply, and that is why the 64-year old has embarked on a $28 million expansion so that…

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…

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…

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…

ThursdayAug 29, 2019 4:00 pm

High THC Levels Cost Hawaii Hemp Farmers their Crop

Officials in Hawaii have revealed that nearly half of all the industrial hemp that was grown in the state last year couldn’t be used because the plants had higher than permitted levels of THC. The Hawaii Department of Agriculture said that 18 crops had to be destroyed because they were found to have elevated THC levels while four crops which tested slightly above the 0.3 THC limit were cleared to be used by processors. This high rate of crop rejection highlights the challenges that hemp farmers have to contend with as they grow the plants at this time when hemp…

ThursdayAug 29, 2019 11:45 am

HTC Extraction Systems (TSX.V: HTC) Poised for Growth in Biomass Processing After Farm Bill Legalizes Hemp

The hemp-derived CBD market is projected to reach $22 billion by 2022 The company recently entered into a tolling agreement to process five million kilograms of hemp biomass HTC has entered into an agreement with Canaccord Genuity Corp. for a C$15 million bought deal private placement With the passage of the Agriculture Improvement Act of 2018 (commonly known as the 2018 farm bill), hemp production and distribution in the United States became permissible under federal law. Freed from its legal shackles, the industry is experiencing rapid growth. As production and distribution of hemp increases, the business of extracting CBD from…

ThursdayAug 29, 2019 9:00 am

Hemp Boom Triggers Cross-Pollination Disputes

As the acreage devoted to growing industrial hemp increases rapidly, conflicts are beginning to simmer between the farmers of this crop. One potential source of conflicts throughout the U.S. has already reared its head in Oregon where one company is suing neighboring farmers over cross-pollination issues. The Jack Hempicine Seed Company alleges in its lawsuit that neighboring hemp farmers have “negligently” allowed pollen from their hemp farms to drift and pollinate the flowers of the seed company’s hemp crop. Why would pollination be a concern to hemp farmers? The reason for which someone is growing industrial hemp often determines what…