State-legal hemp businesses are eligible for aid under the $2.2 million coronavirus stimulus package signed by President Donald Trump last week; however, medical and recreational cannabis firms will not have access to the relief package due to federal cannabis prohibition.
Hemp has nearly unlimited potential. The surface of that potential has only been scratched, meaning much more remains to be discovered about the possible uses of this hardy and versatile substance.
On Friday, Ghana's parliament passed the Narcotics Control Commission Bill, which will allow the use and cultivation of cannabis for medical and industrial uses -- but only the variety that is better known as hemp.
Hemp is federally legal. Under the 2018 Farm Bill, any grey area surrounding hemp’s legality has disappeared. Yet, many hemp companies face logistical hurdles preventing them from operating like normal businesses.
Shipping unprocessed hemp remains as one of the chief challenges for hemp companies. As the number of places growing hemp increases and the supply-chains grow and branch, shipping becomes an ever more important and valuable problem to solve.
From event cancellations to supply chain disruptions, here's all you need to know about the coronavirus and the hemp industry.
It’s unclear what the total economic impact of the coronavirus will be, but one thing is for sure: The hemp industry will not be immune to market effects that will reverberate for weeks, if not months, to come.
Some changes brought on by the novel virus might bolster the nascent hemp industry, but it could also bring additional challenges and obstacles for the nascent hemp industry.
A bill addressing hemp farming has turned into a round of end-of-session horse trading, where the legislative chambers have gone back and forth about whose version of a bill should come out on top.
In this fight, it all has to do with seeds.
Following the passage of the 2014 federal farm bill, hemp growing became allowed under certain circumstances by research institutions and state departments of agriculture..
While South African officials have said hemp may be approved as an agricultural crop as soon as May this year, some stakeholders remain skeptical of the government’s plans, questioning proposed allowable THC levels and a strategy to rely on imported seeds critics say are ill-suited to the South African environment.
Maine has already carved out a niche in the craft beer industry with unique flavors and brands thanks in part to the use of locally grown hops and barley. Experts say there is no reason the same can’t be done with the steadily growing hemp production in the state. And that will be important if Maine growers want to compete with the larger and more established farms in the western states.
The U.S. hemp market continues to heat up for a variety of reasons, mainly because the general populace is finally starting to understand the difference between cannabis as marijuana and cannabis as hemp (and the benefits of CBD and other cannabinoids derived from cannabis). In this post I’ll discuss why China’s pain can be U.S. hemp producers’ gain.
Three titans of the North American hemp industry announced Monday that they had joined forces to build out the U.S. hemp supply chain.
Geoff Whaling is the Pennsylvania-based chairman of the National Hemp Association who is credited with launching the first Hemp Industrial Park in the Southern Tier of New York State.
Bruce Linton is the founder and former CEO of Canopy Growth Corp. (CGC), the world’s largest cannabis company and the first marijuana firm to be listed on the New York Stock Exchange.
