As the hype around hemp ramps up and states issue record numbers of licenses to farmers wanting to capitalize on opportunities the new crop may offer, U.S. Secretary of Agriculture Sonny Perdue said this week that he isn’t so sure hemp will be the cash crop everyone is hoping... Read more
(This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) Hemp cultivators have long relied on cloning as a way to propagate plant inventory and preserve their genetics, but the practice of taking a rooted cutting from a mother plant may be... Read more
Kentucky’s resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping more than twice as much income from their crop. The state’s hemp processors reported $57.75 million in gross product sales last year, compared with $16.7 million in 2017, Kentucky Agriculture... Read more
The number of hemp producers in the Australian state of Tasmania, which produces 66% of the nation’s commercial hemp crop, has nearly doubled – and is projected to continue growing due to drought causing supply shortage in other regions, according to Australia’s ABC News. Tasmania has produced hemp for fiber... Read more
The U.S. Department of Agriculture’s (USDA) listening session on domestic hemp production last week is now available to view at the USDA Agricultural Marketing Service (AMS) website. USDA-AMS said the broadcast received an “overwhelmingly positive response,” with more than 2,000 people participating in the webinar that was designed to... Read more
by NCIA’s Packaging and Labeling Committee Mauria Betts, Potency Branding, Brian Smith, Satori Wellness, and Lisa Hansen, Plaid Cannabiz Marketing The beginning of a new year brings an opportunity to take stock of your cannabis business and ensure you’re doing everything possible to succeed. And because packaging is such... Read more
Here at NCIA’s Washington, D.C. office, we’ve been alluding to this moment for quite awhile, and it’s finally happened! Last week, HR 1595: the Secure and Fair Enforcement (SAFE) Banking Act was introduced in the House of Representatives by Reps. Ed Perlmutter (D-CO) and Denny Heck (D-WA). In a... Read more
Recently, NCIA’s Policy Council contributed toward a larger effort by the Minority Cannabis Business Association (MCBA) to create model social equity legislation for cities across the country. The legislation’s drafting committee started with the basic framework of the RESPECT Resolution introduced by Congresswoman Barbara Lee in 2018. The drafters also... Read more
The hemp industry wants faster rule-making, immediate hemp-transportation laws that were promised under the 2018 Farm Bill, common national THC-testing standards and an end to restrictions on imported seed in time for the 2019 season. Those were some of the top requests in the U.S. Department of Agriculture’s (USDA)... Read more
CBD giant CV Sciences posted $10.2 million in profit last year, a big improvement from 2017, when the company lost roughly $4.9 million, according to the firm’s year-end fiscal report. The San Diego company, which produces Plus CBD Oil products, cited distribution growth in natural-product retail locations for its improved... Read more
