Industrial hemp promises sustainable solutions for New York, but will anyone buy in?
In case you missed the parades featuring giant doobie floats, the joint giveaways for the vaccinated or the general celebratory aroma of city streets, recreational marijuana is now legal in New York. While attention is trained on the new legal drug business the state is building, another even larger... Read more
Member Blog: Cannabis Commoditization
by Claudia Della Mora, Black Legend Capital What would it take for cannabis to become a commodity? To answer this question, we must first understand what a commodity is. Commodities are often raw materials, such as mineral ores, petroleum, sugar, rice, corn, wheat, etc., traded in large quantities, with... Read more
Louisiana licenses issued allowing farmers to grow hemp
Louisiana started handing out its first licenses to farmers to grow industrial hemp this month, after lawmakers legalized the crop in a bid to start a new agricultural industry in the state. “Our industrial hemp program administrators worked hard to ensure the regulatory framework was in place as soon... Read more
South Dakota House passes industrial hemp bill, sends it to Senate
The industrial hemp bill has passed the South Dakota House and is now headed to the Senate. The House passed HB 1008 in a 54-12 vote on Tuesday. The bill needs a two-thirds majority vote to pass because it includes an emergency clause that would put the bill into... Read more
A bill to legalize hemp in Idaho is coming back in 2020
Before long, Ryan Shore hopes to be in Idaho talking to hemp farmers about buying some of his company’s crop. It may seem like an optimistic stance to take for the CEO of Big Sky Scientific, the cannabidiol, or CBD, company whose 6,701-pound shipment of hemp ignited a political... Read more
Maine hemp farmers fear proposed rule change could cost them their crop
Maine is proposing new hemp farming rules that would change the way it calculates how much THC is allowed in state-licensed plants, effectively reducing the already small amount of psychoactive element allowed in this cash crop to prepare farmers for demanding new federal limitations. Using the proposed potency formula,... Read more
New hemp market taking shape in rural Minnesota
December 18, 2019 by AggregatedNews Leave a Comment Seventy-five years ago, a May newspaper article reported 5,000 tons of hemp were stacked at the site of the Hutchinson hemp plant — where 3M now stands — with 2,000 more yet to be hauled there. Another article in October reports... Read more
Virginia legal landscape shifts as cannabis support grows
December 13, 2019 by AggregatedNews Leave a Comment RICHMOND, Va. — “We do grams, eighths, quarters, half ounces, pounds, wholesale pounds — however you want it,” Jacob Stretch said, standing between crates of dried hemp in his living room that doubles as his hemp processing and drying facility. Stretch,... Read more
In their first year, U.S. hemp farmers struggle with bad weather, mold, inexperience
November 11, 2019 by AggregatedNews Leave a Comment Ajit Singh strode across his 16-acre hemp field toward a broken-down harvester. He’d been hoping all day that the mechanic now crouched beside the machine could get it back up and running. It was late October and Singh still had thousands... Read more
The new weed on the block: hemp
In 2014, Kentucky farmer Brian Furnish was looking for ways to diversify his crops. His family had been growing tobacco for eight generations, but the market was withering. If he wanted to keep his farm profitable, he needed something new to grow. So he helped pioneer Kentucky’s hemp industry,... Read more
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