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Agriculture officials in Louisiana have begun issuing the first hemp production and handling licenses to farmers, processors and transporters, while businesses ranging from gas stations to pharmacies have received the go-ahead they need to sell products containing CBD in the state. As one of the first three states to receive federal approval for its state
The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain. And this newest issue underscores the vulnerabilities in the global marketplace that vape and other cannabis and
(This is an abridged version of a column that appears in the February issue of Marijuana Business Magazine.) One of the most important uses of data in any industry is giving companies a realistic picture of supply and demand.  When data began to reveal white-hot consumer demand for CBD products in 2019, mainstream retailers from nutrition to footwear jumped on the bandwagon and began
Federal agriculture officials have introduced two crop insurance programs for hemp, both designed to protect farmers growing the new commodity from damage during natural disasters. But the programs have tight deadlines and limitations on who is eligible. The U.S. Department of Agriculture?s newly available Multi-Peril Crop Insurance and Noninsured Crop Disaster Assistance Program both provide
(Editor?s note: This is part of an occasional series on California?s hemp industry. To read the previous installment, click here.) Hemp entrepreneurs in California are optimistic that long-awaited state legislation to legalize hemp-derived CBD as an ingredient in food, beverages and cosmetics will be revived from suspension and ready for Gov. Gavin Newsom to approve
(Editor?s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) Canada?s federal health regulator is reviewing the potential market for cannabis health products that would not require physician oversight, a review that attracted strong interest from hemp and marijuana producers interested in the
Oregon marijuana growers report wholesale flower prices are improving, which is welcome news for recreational cannabis cultivators in one of the country?s previously most oversupplied MJ markets. The changed business climate is even leading some growers to expand facilities and ramp up production. Marijuana growers in the state report wholesale flower prices per pound are
A cannabis industry-focused health and wellness research company is leading an industry-sponsored liver-toxicity study to deliver aggregated, ?real-world experience? data that will help answer federal health officials? safety concerns about consumer use of CBD. After a December meeting with federal officials responsible for regulating CBD in which ValidCare presented initial consumer-experience data collected through its
(Editor?s note: This is part of an occasional series on retailing trends in the hemp industry. To read the previous installment, click here.) Despite federal food and drug officials? warnings that CBD isn?t safe for foodstuffs and dietary supplements, retailers continue to stock hemp-derived CBD products. Consumers can now find CBD products in nearly any type
(This is an abridged version of a story that appears in the January issue of Marijuana Business Magazine.) Will 2020 be the year of the cannabinoid CBG? Some hemp producers are betting on it after a year of overproduction of CBD. Hemp farmers are looking to diversify their production options ? and go after larger profits ? by sourcing genetics that will allow
Six state agriculture departments have opted to run their 2020 hemp production programs under the existing rules, and the number could grow as the spring planting season approaches and federal agriculture officials reject more state plans. Now those states want some assurances that their hemp farmers can harvest their plants under those same rules in
New legislation introduced by the top-ranking member of the U.S. House Agriculture Committee could require federal food and agriculture regulators to treat hemp-derived CBD as a dietary supplement. Agriculture Chair Collin Peterson, a Minnesota Democrat, suggests changing the Federal Food, Drug and Cosmetic Act (FD&C) to include the regulation of hemp-derived CBD and products containing
(This is an abridged version of a story that appears in the January issue of Marijuana Business Magazine.) Technology powered by artificial intelligence (AI) has quickly evolved in traditional indoor agricultural production in recent years, as companies use the vast amounts of data produced in their operations to make better production and management decisions. Now, indoor
Opportunities abound in the hemp industry, but to attain the crop?s full potential, it?s going to require people from all walks of life, according to industry observers. ?I want to go to a conference and not feel like I?m the only black guy there,? said Malcolm Anderson, founder and CEO of The Prophet Society, a vertically
In agriculture, it?s rare that a new commodity presents such new opportunities for farmers and businesses in the way hemp has. And the nascent industry has experienced its share of growing pains since the 2014 Farm Bill established a pilot research program for the crop in the United States and the 2018 Farm Bill made
Cannabis products seized in December in Wellford, South Carolina (Photo courtesy of Wellford Police Department) Police in South Carolina are saying suspicious behavior by drivers, unprofessional shipping practices and unsatisfactory paperwork caused them to seize a 183-pound shipment of hemp in December that they thought was marijuana. But the Texas hemp distributor who bought the