As the hemp industry waits for the U.S. Department of Agriculture (USDA) to finish its federal hemp production rules in time for the 2020 planting season, hemp companies are speculating whether the agency will further define which varieties and cultivars will be permissible under the 2018 Farm Bill. Even though it’s been seven months since […]
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This snapshot delivers the most up-to-date, reliable hemp prices and market research for the top 10 hemp producing states. This (free) report compiles trends in supply, prices and market outlook from dozens of hemp farmers and purchasers across the states.
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Gallup poll finds younger Americans more confident in CBD health benefits
Data from Gallup shows that younger Americans are more confident in the health benefits of CBD – but the majority of people familiar with cannabinoids, regardless of age, believe it has at least some health benefits. A telephone poll conducted by Gallup in late May found that 78% of surveyed individuals across the United States […]
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Conventional greenhouse producers increasingly pivoting into hemp sector
Large-scale greenhouse growers are swiftly entering the hemp market as they look for higher margins than they get from traditional produce and ornamental plants. It’s no secret that interest in hemp production is booming, and producers from all agricultural sectors are joining in the frenzy to grow the new crop as a hedge against the […]
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States setting their own CBD rules as federal action lags
Hoping to resolve the legal confusion surrounding the selling of CBD products, states are starting to leapfrog federal health regulators and give hemp entrepreneurs permission to put cannabis extracts in food, drinks and dietary supplements.
But the efforts aren’t reducing legal headaches for the hemp industry.
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As hemp acreage booms, pricing confusion bedevils new hemp producers
Farmers are so bullish on hemp that growers from Wisconsin to Florida are making big investments even before federal agricultural regulators write the rules for how the plant can be grown and sold. The hemp boom conceals a nagging problem for hemp farmers and manufacturers alike – there is precious little information about how to […]
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How to prepare for new hemp production rules coming next month
With one month left before the U.S. Department of Agriculture (USDA) releases much-anticipated federal hemp production rules, the industry needs to start planning and preparing now for the 2020 season, hemp business experts say. With the USDA saying it expects to have regulations ready by August, Hemp Industry Daily reached out to legal experts to find […]
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Banking, financing remain serious struggle for hemp, CBD businesses
Hemp farmers and businesses continue to have difficulty financing their operations and securing banking services, despite federal lawmakers’ calls for them to be treated as lawful, legitimate businesses under the 2018 Farm Bill. Because of a lack of clear federal banking regulations and uncertainty from financial institutions, hemp and CBD businesses are finding that while one […]
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Editor’s Notebook: Why slow-moving hemp regulations are still great for cannabis
The hemp industry is changing fast. The federal government, not so much.
The entire cannabis industry celebrated last December, when hemp was removed from the Controlled Substances Act in the 2018 Farm Bill.
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E-commerce platform for CBD-infused products in the works in Asia
A company backed by U.K. billionaire Jim Mellon and Lorne Abony, co-founder of global cannabis concern Nuuvera, plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products.
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Survey finds 22% of consumers replace OTC, prescription drugs with CBD
Since passage of the 2018 Farm Bill, CBD has risen to the forefront of American consciousness as an alternative health and wellness supplement, and research finds that a growing number of consumers are using it to replace their prescription and over-the-counter drugs. A national January 2019 Consumer Reports survey of more than 4,000 CBD users […]
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