Industrial Hemp – MJ Shareholders https://mjshareholders.com The Ultimate Marijuana Business Directory Thu, 11 Apr 2024 15:30:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 U.K. Eases Restrictions on Hemp Agriculture https://mjshareholders.com/u-k-eases-restrictions-on-hemp-agriculture/ https://mjshareholders.com/u-k-eases-restrictions-on-hemp-agriculture/#respond Thu, 11 Apr 2024 15:30:33 +0000 https://hightimes.com/?p=303291

The government of the United Kingdom has approved changes to the rules governing industrial hemp licenses designed to make it easier for farmers to grow the crop. The new regulations will support regulated farmers who grow hemp and encourage new investment in the industry while continuing to discourage illegal drug uses of the plant, government officials said this week.

In the U.K., industrial hemp (cannabis with less than 0.2% THC) can be legally grown outdoors by licensed farmers for the production of fiber and seed. Under the current rules, initial hemp cultivation licenses are issued for three growing seasons for a fee of £580 (about $727). License renewals cost £326 (approximately $409) and are also good for three years.

Under the new rules, which are slated to go into effect for the 2025 growing season, the length of time a hemp license is valid will be extended to six years. The amended regulations also allow farmers to apply for a hemp cultivation license with a deferred start date of up to one year, giving new growers more time to prepare for the new crop.

The new rules, which were developed in collaboration with experienced hemp growers, will also allow farmers to grow hemp anywhere on a licensed farm instead of limiting production to specific parcels of land. The change will give growers more flexibility in managing their operations and allow them to implement hemp into a crop rotation plan for their farms.

A Sustainable Crop for U.K. Farmers

The number of licensed hemp growers in the U.K. has increased significantly over the past 10 years, from only six in 2013 to 136 in 2023. Farming Minister Mark Spencer said in a statement that the new rules will give British farmers more opportunities to succeed by growing hemp.

“Industrial hemp has huge potential across the UK to unlock new revenue streams, expand our bioeconomy without permanently removing land from food production, and bring wider environmental benefits,” said Spencer, according to a report from FarmingUK.

“The licensing changes recognize industrial hemp as a field-grown agricultural crop and will enable more farmers to add hemp to their crop rotations,” he added.

Industrial hemp licenses do not allow farmers to utilize hemp flowers or leaves. Growers who wish to do so can obtain cannabis cultivation licenses, which allow for the indoor production of the plant for medicinal purposes. The dual licensing scheme is designed to allow for the cultivation of cannabis and hemp for permitted purposes while preventing drug misuse and protecting public safety.

“This government will always seek to reduce unnecessary regulatory burdens placed on businesses so that they can flourish and grow,” said Chris Philp, minister for crime and policing, the Farmers Guide reported on Wednesday. “The changes outlined today will help farmers and manufacturers in the UK to fully realize the economic potential offered through the safe and legal cultivation of hemp.”

The adoption of the new rules was supported by groups including the National Farmers Union (NFU). Jamie Burrows, chair of the NFU Combinable Crops Board, said in a statement that hemp agriculture can benefit farmers and the environment.

“It is one of the most sustainable crops farmers can grow, is a really good crop for capturing carbon from the atmosphere, has little to no input requirements and also has the ability to diversify farming businesses and crop rotations, especially when other break crops like oilseed rape are becoming more difficult for British farmers to grow due to increased pest pressure,” Burrows said this week.

The U.K. government has also requested that the Advisory Council on the Misuse of Drugs provide guidance on whether the permissible amount of THC in industrial hemp can be raised from 0.2% to 0.3%, the standard in the United States, Canada, China and the European Union. 

The government also noted that it expects the nation’s police to continue to take a zero-tolerance approach to cannabis possession. Under U.K. drug laws, possession of cannabis can be punished by a fine and jail sentence of up to five years, with harsher sentences of up to 14 years behind bars for cannabis distribution convictions.

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Japan Amends Cannabis Law Allowing for Medicinal Products, Criminalizing Rec Use https://mjshareholders.com/japan-amends-cannabis-law-allowing-for-medicinal-products-criminalizing-rec-use/ https://mjshareholders.com/japan-amends-cannabis-law-allowing-for-medicinal-products-criminalizing-rec-use/#respond Fri, 08 Dec 2023 05:28:53 +0000 https://hightimes.com/?p=301136

Like many other Asian countries, cannabis in Japan is illegal for both medicinal and recreational use. Though even with some of the world’s strictest cannabis-related laws, the future for cannabis in Japan looks just a little brighter as a recent move has opened the door to potentially usher in a new medicinal cannabis and industrial hemp industry in the country… though it doesn’t come without its caveats.

On Wednesday, a majority vote in Japan’s House of Councillors passed a revision of the country’s Cannabis Control Law. It effectively lifted the ban on cannabis-derived pharmaceuticals along with establishing new criminal penalties for the use of cannabis, first reported by Japan News.

The previous law prohibited administering or taking cannabis-derived medicines, but the revised law deleted this provision and reclassified cannabis under the “narcotics” category within the Narcotics Control Law. This effectively made it legal to use medicine derived from cannabis in Japan, once efficacy and safety are confirmed and approved by the pharmaceutical affairs bodies. Previously, pharmaceuticals derived from cannabis were only allowed to be used in clinical trials.

Given the efficacy of cannabinoids in treating epilepsy, among many other conditions, there have been increasing calls in the country to lift the previous ban. However, the revised laws also introduced a prohibition on unauthorized cannabis use, setting a prison sentence of up to seven years for violations, per Japan Times. The country previously only criminalized the import, export, cultivation, transferring and possession of cannabis.

The lack of criminalization for cannabis use was partially to protect farmers who may inadvertently adsorb plant compounds while growing it for use in hemp products.

This change was due in part to growing concerns around cannabis use in young people, as arrests for cannabis (particularly among younger demographics) have increased more than for any other drug in recent years. In 2021, Japan saw a record number of arrests with 5,783 and approximately 70% of those individuals were in their 20s or younger. 

While they supported lifting the ban on medicinal cannabis, the left-leaning political party Reiwa Shinsengumi opposed the amendments to the Cannabis Control Law that created new criminal penalties for cannabis use.

“What previously had no penalties will now be harshly punished, with a maximum of seven years in prison. I opposed the bill because there is a serious problem here,” said Rep. Taro Yamamoto, leader of the party.

It’s likely that the government will also define permitted levels of THC in cannabis-derived products over time. Currently CBD and other hemp-derived products can be legally imported into Japan, so long as there is no observable level of THC and it’s been derived through “stalks and seeds.”

When it comes to the country’s already-booming CBD and hemp industries, the amendment will likely allow for products derived from flower to be imported into Japan legally so long as THC content falls within the newly defined limit.

The new amendment also requires the government to establish a framework to promote hemp cultivation within Japan, which could lessen the country’s reliance on imports. The government is set to increase the number of cultivation licenses in the country by changing the current Cannabis Control Act to the Law Concerning Regulation of the Cultivation of Cannabis Plants. 

With that, Japan will issue two types of grower licenses: One, which is already available, allows for farmers to grow and harvest industrial hemp, and the other will allow for cannabis production pertaining for medical or pharmaceutical use. The latter license type will be new for Japan.

The revision is expected to be enacted within a year of promulgation, and changes surrounding cannabis cultivation licenses are expected to come in two years.

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Zimbabwe Increases Hemp THC Limit to 1% https://mjshareholders.com/zimbabwe-increases-hemp-thc-limit-to-1/ https://mjshareholders.com/zimbabwe-increases-hemp-thc-limit-to-1/#respond Mon, 13 Feb 2023 18:45:57 +0000 https://hightimes.com/?p=295002

Zimbabwe increased the THC limit for industrial hemp from 0.3% to 1%, making significant changes for the African country’s hemp industry.

In 2018, Zimbabwe became the second nation in Africa to legalize medical cannabis and cannabis production for medical and scientific purposes.

Zimbabwe Independent reports that the THC level increase makes significant changes for CBD manufacturers, who will now be able to produce the entourage effect combined with other cannabinoids. 

The amended bill, called the Criminal Law (Codification and Reform) Amendment Bill, 2002 is proposing the amendment of section 155 of the Criminal Law (Codification and Reform) Act [Chapter 9:23] (hereinafter referred to as “the Act”) to remove industrial hemp from the list of dangerous drugs.

“By the insertion of the following definition,” the bill reads, “‘Industrial hemp’ means the plant cannabis sativa L and any part of that plant, including the seed thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts and salts of isomers, whether growing or not with a delta-9-tetrahydrocannabinol concentration of not more than one per centum on a dry weight basis.”

Zimbabwe, like many other countries, is technically in conflict with the United Nations international drug convention, which still dictates global drugs policy over the past 60 years.

However, by amending the legislation and providing clarified definitions as outlined in the Amendment Bill 2022, Zimbabwe is establishing an environment in which a wider range of line mixes and ultimately hemp varieties may be produced and supplied.

An increased THC level gives industrial hemp farmers a bigger trove of options, allowing them to select genetics worthy for the production of a broader range of markets.

This is particularly important, Zimbabwe Independent notes, because studies have shown that certain genetics that combine CBD and THC produce better fiber qualities and also an entourage effect with synergistic therapeutic benefits.

As new CBD products are currently being tested by the Medicines Control Authority of Zimbabwe, they may be more effective and therefore more appealing to consumers.

The Tobacco Research Board (TRB) was directed to “reform and restructure by 2025,” making itself a center for national research, development, and innovation in tobacco and alternatives.

The country developed an objective to advance agricultural profitability and development in Zimbabwe. Industrial hemp was among the crops of interest. TRB has been testing and developing hemp varieties that are acclimated to Zimbabwe’s climatic conditions over the last few years.

The 0.3% THC requirement is an arbitrary quantity—mirroring THC limits in the U.S.—that makes it difficult for breeders to create and grow varieties with other desirable synergistic properties.

Five Years into Medical Cannabis in Zimbabwe

Zimbabwe legalized medical cannabis in 2018, making it among the first countries in Africa to do so.

In 2019, Zimbabwe abolished its ban on cannabis cultivation, which set the stage for the country’s farmers to begin cultivating industrial hemp to export. That same year, the country issued the first license to a medical cannabis company to begin cultivation.

In May 2022, Zimbabwean President Emmerson Mnangagwa commissioned a $27 million medical cannabis farm and processing plant to be run by Swiss Bioceuticals Limited in West Province, Zimbabwe.

“This milestone is a testimony of the successes of my Government’s Engagement and Re-engagement Policy. It further demonstrates the confidence that Swiss companies have in our economy through their continued investment in Zimbabwe. I extend my profound congratulations to the Swiss Bioceuticals Limited for this timely investment in the medicinal cannabis farm, processing plant and value chain, worth US$27 million,” Mnangagwa said in the announcement of the plant.

The Medicines Control Authority of Zimbabwe said on July 26, 2022 that it would begin accepting applicants from cannabis and hemp producers, manufacturers, importers, exporters, and retail pharmacists, in a seismic shift away from tobacco.

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Committee Insights | 12.14.22 | Defining the Conversation: Minor, Novel & Synthetic Cannabinoids https://mjshareholders.com/committee-insights-12-14-22-defining-the-conversation-minor-novel-synthetic-cannabinoids/ https://mjshareholders.com/committee-insights-12-14-22-defining-the-conversation-minor-novel-synthetic-cannabinoids/#respond Tue, 31 Jan 2023 10:45:16 +0000 https://thecannabisindustry.org/?p=55572

[embedded content]

NCIA’s #IndustryEssentials webinar series is our premier digital educational series featuring a variety of interactive programs allowing us to provide you timely, engaging and essential education when you need it most.

In this edition of our NCIA Committee Insights series, originally aired on December 14 and produced in collaboration by NCIA’s Cannabis Manufacturing Committee, Scientific Advisory Committee and Hemp Committee we introduced and framed the myriad regulatory, scientific, linguistic, and ethical issues that come with the rise of minor, novel, and synthetic cannabinoids.

Learning Objectives:
• Understand the role of minor, novel, and synthetic cannabinoids in the cannabis industry and the unique issues relating to their current status.

At the conclusion of the discussion our panel hosted a lengthy moderated Q&A session so our network could get all their burning questions answered by these leading manufacturing, biochemical, and legal professionals from the hemp and cannabis industries.

Panelists:
Scott Seeley
Biochemist and Patent/TM Attorney @Eastgate IP

Cassin Coleman
Founder
Cassin Consulting

Keith Butler
CEO
OP Innovates / Hemp Mellow

Paul Coble
Intellectual Property Attorney
Harris Bricken Sliwoski LLP

There is more to cannabis than THC and CBD. As our understanding (and commercialization) of cannabis evolves, new compounds like CBG, delta-8-THC, THCv, and others are coming onto the scene. These various “minor” cannabinoids, however, bring with them a host of new issues.

Over the next few months this collaboration will continue to explore these issues with various subjects ranging from basic and advanced overviews of these molecules, regulatory recommendations, risk management and compliance concerns all the way to consumer and manufacturer safety. Stay up to date and be the first to know when additional follow-up sessions are scheduled by signing up via the form below.

Keep Me Updated: http://bit.ly/3Y5AfAp

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Industrial Hemp Market to Hit $18.1 Billion in Five Years https://mjshareholders.com/industrial-hemp-market-to-hit-18-1-billion-in-five-years/ https://mjshareholders.com/industrial-hemp-market-to-hit-18-1-billion-in-five-years/#respond Sat, 17 Dec 2022 10:45:38 +0000 https://hightimes.com/?p=293685

Information collected in the “Global Hemp Market by Type” report from Research and Markets, which analyzed the numerous applications of hemp as a textile, food item, construction material, and more. The report projects that the next five years will see the industry’s compound annual growth rate (CAGR) of 21.6%, suggesting that this percentage will rise because many other countries have legalized industrial hemp, or will do so in the near future.

The report also cites examples of hemp successes seen throughout this year. In terms of application, hemp meal was recently covered as an alternate method of feeding livestock. “Hempseed and hempseed cakes could be used as feed materials for all animal species, according to the scientific opinion of the European Food Safety Authority (EFSA) Panel on Additives and Products or Substances Used in Animal Feed, with species-specific differences in the rate of inclusion in the diet,” a Research and Markets press release states. “Hemp oil, as a rich source of essential fatty acids, can be used as a supplement in animal feed, while hemp seeds and hempseed cakes can be used as a fat and protein source in animal diets.”

The report also explains that hemp bast fibers, which are made up of cellulose, hemicellulose, lignin and pectin, also offer many benefits for use in textiles. “The benefits of bast fibers include lighter product weight, lower energy consumption, and a smaller environmental footprint. Bast fibers can be spun and woven and are thus widely used in the textile industry,” Research and Markets states. “Furthermore, bast fibers are far stronger than cotton and do not mildew. Hemp bast fibers have exceptional properties such as strength, durability, and anti-bacterial and anti-fungal properties.”

In addition to an increase in legalization worldwide, the report also cites the increased use of hemp seed and oil in food items and a “rising incidence of Chronic Diseases” to be two main drivers contributing to the rise of hemp. Although, the lasting stigma against hemp and cannabis and some country’s restrictions on industrial hemp continue to hinder its growth.

Other hemp-based reports have also been published recently and anticipate a similar growth for the hemp industry. A report from the United Nations Conference on Trade and Development (UNCTAD) called “Commodities at a glance: Special issue on industrial hemp” that the global hemp market will reach $18.6 billion by 2027. According to UNCTAD economist and report author Marco Fugazza, hemp offers a lot of potential for both established and developing countries. “The growing hemp market offers significant economic opportunities that all countries can capitalize on,” Fugazza said. “As a renewable product, the opportunities are sustainable. This is extremely important as countries try to boost their economies while protecting the environment.”

The UNCTAD report recommends that “governments must clarify its legal status as a non-intoxicant.” Once this has been done, countries can begin to explore the many benefits that hemp plants offer. “Because of its versatility and its functional characteristics, the industrial hemp market holds vast potential in agriculture, textiles, recycling, automotive, furniture, food and beverages, paper, construction materials and personal care,” the UNCTAD report states. Additionally, hemp can be an effective part of crop rotation, which can help maximize the use of land and contribute to increased incomes for farmers.

Hemp for animals and livestock continues to be an argued topic. While hemp as animal feed could reduce stress in cattle, a recent research study showed that it found THC in the systems of cows who ate hemp feed. In September, the state of Idaho halted the sales of CBD pet supplements because “Safe levels of hemp and hemp-derived products in animal feed have not yet been established under federal or state law,” the State Department of Agriculture said.

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New York Gov. Hochul Signs Bill To Expand Industrial Hemp https://mjshareholders.com/new-york-gov-hochul-signs-bill-to-expand-industrial-hemp/ https://mjshareholders.com/new-york-gov-hochul-signs-bill-to-expand-industrial-hemp/#respond Sat, 17 Dec 2022 10:45:36 +0000 https://hightimes.com/?p=293680

New York Gov. Kathy Hochul on Tuesday signed into law a bill that seeks to expand the states industrial hemp industry. 

The legislation, which was sponsored by Democratic state Sen. Michelle Hinchey, aims to “promote greater use of New York-grown industrial hemp by businesses in New York State,” and “instructs the Commissioner of Agriculture & Markets, in collaboration with the Urban Development Corporation, the [New York State] Hemp Workgroup, and industry representatives, to develop a plan to expand market opportunities for industrial hemp that would increase its use in manufacturing and construction materials, including packaging, textiles, and hempcrete.”

“Hemp is the material of the future, and positioning New York as a leading producer of the world’s industrial hemp supply is a winning strategy for fighting the Climate Crisis, bringing large-scale economic development to New York’s rural communities, and unlocking new revenue sources to put our farmers in a better financial position,” Hinchey said in a statement on Tuesday. “I’m proud that my hemp bill has been signed into law, directing our state to seek strategic collaborations to help us usher in a new era of manufacturing power, product creation, and rural economic development around an industry that is nearly untapped around the world.”

Industrial hemp was legalized on the federal level in 2018, when Congress passed a Farm Bill that opened the door for states to allow its cultivation.

State leaders have since eagerly approved their own laws and regulations for hemp production, capitalizing on a burgeoning new industry.

In New York, hemp farmers have been able to get in on the ground floor of another cash crop after Hochul signed a bill in February allowing them to apply for conditional licenses to grow marijuana, which the state legalized for recreational use and sales in 2021. 

“I am proud to sign this bill, which positions New York’s farmers to be the first to grow cannabis and jumpstart the safe, equitable and inclusive new industry we are building,” Hochul said at the time. “New York State will continue to lead the way in delivering on our commitment to bring economic opportunity and growth to every New Yorker in every corner of our great state.”   

Hinchey celebrated the signing of that bill, as well.

“Today is an exciting day in New York as our bill to give New York farmers the ability to start the cannabis market is signed into law. The [new marijuana law] set the foundation for our state to build a truly circular cannabis economy that puts New York farmers and small business dispensaries at the center of growth and production, and with the signing of this bill, farmers can now put seeds in the ground to ensure we meet the demand of this burgeoning industry. I thank Governor Hochul for her quick action on this bill so that we can get to work building the most forward-thinking and socially-equitable cannabis industry in the country,” Hinchey said in a statement at the time.

New York Adult-Use Cannabis Market

Since she took over for former New York Gov. Andrew Cuomo in August of 2021, Hochul has been busy getting the state’s new adult-use cannabis industry up and running. 

Hochul, who won her first election as the incumbent governor in last month’s midterms, said in October that she expects the first regulated pot retailers to open their doors to customers by the end of the year. 

 “We expect the first 20 dispensaries to be open by the end of this year,” the Democratic governor said at the time. “And then every month or so, another 20. So, we’re not going to just jam it out there. It’s going to work and be successful.”

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NC Medical Marijuana Bill Held Up As Industrial Hemp Laws Sunset https://mjshareholders.com/nc-medical-marijuana-bill-held-up-as-industrial-hemp-laws-sunset/ https://mjshareholders.com/nc-medical-marijuana-bill-held-up-as-industrial-hemp-laws-sunset/#respond Wed, 29 Jun 2022 14:44:38 +0000 https://www.cannabisbusinessexecutive.com/?p=70785

There’s a growing industry here in North Carolina, and with it come countless rules, gray areas, and legal confusion—and no, we’re not talking about NFTs.

The hemp industry has been blooming in the state for years, but North Carolina is one of 12 states that doesn’t have a medical marijuana program. With the end of the legislative session on Thursday, and with it the sunset of the state’s 2017 industrial hemp pilot program legalizing hemp, CBD, and delta-8 products for sale here, we’re left puzzling over a number of bills sitting in the General Assembly—some of which could help patients who desperately need access to medical marijuana, and some of which could hurt local hemp farmers and business owners who have built their lives around the industry.

North Carolina is far ahead in the hemp game but far behind in legalization, putting the local industry at a disadvantage, says Gabrielle Jarrell, a chair at NC NORML, an organization that advocates for decriminalization and legalization of weed.

“There’s lots and lots of hemp farmers in North Carolina. We have a phenomenal climate for growing hemp, so it’s become a blossoming industry, especially out west—but it’s an industry that’s been hit hard,” Jarrell says. “There were 1,500 hemp farmers in 2020. And now there’s only 360 remaining.” [Read more at IndyWeek]

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Study Finds Hemp Feed Can Reduce Stress in Cattle https://mjshareholders.com/study-finds-hemp-feed-can-reduce-stress-in-cattle/ https://mjshareholders.com/study-finds-hemp-feed-can-reduce-stress-in-cattle/#respond Fri, 01 Apr 2022 10:45:10 +0000 https://hightimes.com/?p=286319

Researchers at Kansas State University have found that livestock feed containing industrial hemp can reduce stress levels in cattle, according to a recently released study.

The 2018 Farm Bill’s legalization of hemp has led to a flurry of research across the country as scientists work to discover novel ways to make use of a valuable new agricultural commodity. Previous research at Kansas State has shown that plant matter from industrial hemp has favorable crude protein and digestibility profiles, potentially making the crop suitable for inclusion in cattle feed.

Another study revealed that cattle readily absorbed cannabidiolic acid (CBDA) after being fed hemp flowers produced for CBD production. Michael Kleinhenz, assistant professor of beef production at the Kansas State University College of Veterinary Medicine, says that the previous research has implications for the viability of industrial hemp as a livestock feed.

“If hemp is to be utilized as an ingredient in the ration of cattle, it is prudent to know and understand the pharmacokinetics and potential biological effects of cattle exposed to repeated doses of cannabinoids present in industrial hemp,” Kleinhenz said in a statement from the university.

Kleinhenz and a team of researchers decided to study whether the cannabinoids present in industrial hemp would have an effect on the stress and activity levels of cattle that were given feed containing hemp.

“Cattle experience a variety of stress and inflammation,” Kleinhenz explained, noting that animals that are being transported or weaned are particularly vulnerable.

Researchers Observe Benefits of Hemp Livestock Feed

To conduct the study, the researchers fed industrial hemp to a group of 8 Holstein steers. The hemp was mixed into grain that was given to each animal individually to ensure a complete and consistent dose. A control group of 8 steers was given feed that did not contain hemp. The animals were monitored for cannabinoid levels, blood stress markers and activity levels including the number of steps taken per day and the amount of time spent lying down. The researchers then analyzed the data to compare the results between the two groups of animals.

“Our most recent data shows how cannabinoids via industrial hemp decreased the stress hormone cortisol as well as the inflammatory biomarker prostaglandin E2,” Kleinhenz said. “This shows that hemp containing cannabidiolic acid, or CBDA, may decrease stress and inflammation in cattle. Thus, hemp may be a natural way to decrease stress and inflammation related to production practices such as transportation and weaning.”

The researchers also determined that the group of cattle given feed containing industrial hemp spent more time lying, which can aid digestion by helping the animals produce saliva and chew their cud. The study revealed that while cannabinoids could be detected in the animals that had been fed industrial hemp, the level did not increase over time.

“Our new research helps us better understand how cannabinoids present in industrial hemp interact with bovine physiology and pharmacology,” Kleinhenz said. “For instance, we now know that repeated daily doses of CBDA via feeding hemp does not result in accumulation of cannabinoids in the blood. Additionally, it solidified previous research and shows that each cannabinoid has its own absorption and elimination profile.”

Kleinhenz said that the initial data collected by the team is essential if the U.S. Food and Drug Administration and the Association of American Feed Control Officials are going to approve industrial hemp as a feed for livestock. He also noted that more study will be needed to learn if the same effect on stress levels is observed in animals undergoing stressful situations.

“Further work is needed to determine if cannabinoids can alter the stress response in cattle during stressful times such as transportation and weaning, but we hope this research is a step forward in the right direction.”

Funding for the research was provided by a grant from the Agriculture and Food Research Initiative of the U.S. Department of Agriculture’s National Institute of Food and Agriculture. The full study, “Short term feeding of industrial hemp with a high cannabidiolic acid (CBDA) content increases lying behavior and reduces biomarkers of stress and inflammation in Holstein steers,” was published online this month by the journal Scientific Reports.

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Across the US, CBD glut inspires gamble on industrial hemp https://mjshareholders.com/across-the-us-cbd-glut-inspires-gamble-on-industrial-hemp/ https://mjshareholders.com/across-the-us-cbd-glut-inspires-gamble-on-industrial-hemp/#respond Fri, 04 Mar 2022 02:44:33 +0000 https://www.cannabisbusinessexecutive.com/?p=69095

A small group of pioneers is looking to harness the potential of the untapped US market for hemp seeds and fibre.

It all began in 2019. Travis Samuels and Brandon McFarlane, cousins in the United States state of Vermont, had grown newly legalised hemp to produce CBD. Also known as cannabidiol, CBD is a chemical derived from hemp, and marketed for its potential health benefits.

But once the ban on growing hemp was lifted, the market became flooded with the CBD variety of the plant. Several acres worth of Samuels and McFarlane’s crop sat unsold in their barn in Vermont. That’s when they began to think about the untapped market for another variety of hemp, the stalky fibre that unlike the flowery CBD type has 25,000 industrial uses.

There was one problem, though. They could grow the hemp but there were no facilities nearby to process it. So they decided to solve the problem by building their own.

In January, the pair bought an old grain mill in St. Johnsbury, a small town about 50 miles (80km) south of the Canadian border. They plan to retrofit it to store and prepare hemp for wholesalers wanting to make animal bedding and materials such as insulation. They hope to be up and running by this September. If they hit their target of 9 million pounds (4 million kilograms) of material in the first year, they estimate they will make $3m to $5m in revenue. [Read More @ Al Jazeera]

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Hemp Is Ready to Shine, Thanks to Plastic Bans and Carbon Caps https://mjshareholders.com/hemp-is-ready-to-shine-thanks-to-plastic-bans-and-carbon-caps/ https://mjshareholders.com/hemp-is-ready-to-shine-thanks-to-plastic-bans-and-carbon-caps/#respond Mon, 27 Dec 2021 20:44:36 +0000 https://www.cannabisbusinessexecutive.com/?p=68187

Pot Porsches and Hempcrete are here

From stalled legislation to falling stock prices, cannabis didn’t have the greatest year. But investors are finding something to be optimistic about heading into 2022: industrial hemp.

Demand is poised to rise for hemp — the staid sister to the mood-altering forms of cannabis — as it’s increasingly adopted for a wide range of uses, including concrete blocks, clothing and even car parts. The shift is driven by environmental incentives such as carbon caps and single-use plastic bans, which are making some natural materials preferable to those made from petrochemicals.

“Industrial hemp is the biggest opportunity in the cannabis sector as a whole,” said Mina Mishrikey, a partner at Merida Capital Partners. His firm has invested around 90% to 95% of its $500 million in assets under management in cannabis businesses centered around THC, the psychoactive ingredient in marijuana, but aims to make more investments in industrial hemp, Mishrikey told me.

Hemp could use the boost after the market struggled to capitalize on the hype following the 2018 farm bill, which legalized hemp and led to over-planting when not enough companies were ready to create end products. In 2021, the number of acres of hemp planted fell to 33,844 from 70,530 a year earlier and 465,787 in 2019 according to New Frontier Data.

Adding to the challenges, the U.S. Food and Drug Administration recently refused to regulate one of hemp’s best-known products — CBD, or cannabidiol — as a dietary ingredient, casting a specter of uncertainty over the otherwise booming market for creams, tinctures and gummies. [Read More @ Bloomberg.com]

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