Entrepreneurs say they’re carried away by the excitement of hemp’s potential. Hemp Industry Daily projects hemp-derived CBD retail sales will surge to as much as $7.5 billion by 2023, up from about $1 billion this year. Nevertheless, entrepreneurs are uncertain where the rush will take them or what the market is going to look like when […]
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2018 Farm Bill Report
The hemp industry experienced a seismic shift with the passage of the 2018 Farm Bill: Cultivation of hemp is now federally legal, and so is hemp-derived CBD. Hemp Industry Daily breaks down the new rules for you in our SPECIAL REPORT on the future state of the industry, 2018 Farm Bill: What’s Next for Hemp?
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A New Day: Landmark Farm Bill offers billions in new hemp business opportunities
It was no ordinary White House news conference. It started with a video from the 2006 Emmy Awards of President Donald Trump singing the theme song from the 1960s sitcom “Green Acres,” which showcased a wealthy New York City couple who decamp to the countryside to operate a ramshackle farm. Then Trump signed the 2018 […]
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Welcome to ‘A New Day’ in hemp
Prohibition is over. Kind of. After decades of being treated like an illegal drug, industrial hemp is legal. It’s a new day for entire cannabis industry, with exciting new opportunities for a global hemp industry free of all the legal and banking troubles of the past. Or not. As the booming hemp industry has already […]
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The Road Forward in Hemp
Those of us who have been actively building cannabis-related businesses since the legal cannabis industry’s earliest days have long understood the potential of the hemp industry. Personally, it’s fascinated me ever since I met a hemp farmer at the very first MJBizCon, which was held in Denver in 2012. It was one of those serendipitous […]
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Hemp importers see victory in legal setback against US Customs
A California court is giving hemp and CBD importers reason to smile, even though a federal judge dismissed most of a CBD company’s legal challenge to U.S. Customs and Border Protection. In his decision, U.S. District Judge Jesus Bernal repeatedly said the 2018 Farm Bill makes clear that hemp shipments shouldn’t be considered marijuana nor destroyed. […]
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Sens. McConnell, Wyden to financial leaders: Give hemp farms access to banking
Hemp farmers and businesses may soon have access to banking, credit and financial services if two of the industry’s biggest champions on Capitol Hill have anything to say about it. And they do. Sens. Mitch McConnell of Kentucky and Ron Wyden of Oregon sent letters to four federal banking and financial institutions on Tuesday asking them […]
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Texas loosens state-level hemp ban, but uncertainty remains
Hemp holdout Texas is taking a big step toward embracing the federally legal plant, with one agency announcing a rule change to remove the plant from the state’s definition of marijuana. But entrepreneurs hoping that Texas will allow a hemp industry before federal agencies take action say that the April 5 change isn’t enough to […]
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Confusion, enthusiasm combine at Hemp Investor Forum
Uncertainties surrounding regulations – both at the state and federal levels – and a lack of recent historic data in the United States are factors that could discourage investors in the American hemp industry, attendees at a Denver forum heard last week. However, savvy investors can still find opportunities in “one of the most unique […]
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‘Most of the industry looks good on paper’: Q&A with Highwater Financial’s Brent Williams
With new companies – both cannabis and mainstream – entering the hemp and CBD market every day, it may be difficult for investors to know where the best investment opportunities exist. But there are also more places to get guidance than ever before. For example, Brent Williams founded hedge fund and consulting firm Highwater Financial in […]
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Hemp boom: States report dramatic licensing increases for 2019
Hemp production is about to shift into overdrive in states where growers have been licensed to get started with the 2019 planting season. There is a dramatic increase in interest among new farmers looking to capitalize on hemp in states that have been growing the crop under pilot programs. Here’s an early look at 2019 […]
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Marijuana manufacturers flock to CBD e-commerce amid ongoing legal confusion
The dominant sales channel for CBD – e-commerce – is becoming a major draw for marijuana manufacturers, who are using hemp-derived CBD to tap into new revenue and a wider consumer base. They’re doing this despite repeated warnings from the U.S. Food and Drug Administration (FDA) that it is illegal to include CBD in food, […]
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