Hemp expansion in the next Farm Bill is a “guarantee,” according to the U.S. Senate’s majority leader. Republican Sen. Mitch McConnell said he’s not sure when Congress will finalize a Farm Bill to get to the president’s desk, but he’s certain hemp will be part of that compromise. “It will be in there, I guarantee […]Read More
Noting hemp’s relaxed oversight compared to marijuana, a Canadian cannabis company has launched a new hemp company and signed a $500,000 CBD deal with a Kentucky hemp producer. Ascent Industries announced the creation of Thirty Eight Hemp Co. to produce CBD products for sale in the United States. Vancouver, British Columbia-based Ascent also inked a […]Read More
Kentucky’s booming CBD industry received an additional boost when the state granted an extraction company roughly $240,000 in tax breaks, plus help finding and training workers. Lexington-based firm Zelios, which opened four months ago, said it plans to double its extraction capacity and create 44 full-time jobs for a total investment of about $2.1 million. Kentucky Gov. […]Read More
A hemp processing plant promised for rural Kentucky isn’t coming after all, as the Chinese hemp company and California-based CBD company behind it say they have run out of money.Read More
Hemp legalization should have no trouble making it to President Donald Trump’s desk, Senate Majority Leader Mitch McConnell predicted during a tour of a Kentucky hemp processor. “I’m optimistic that we’ll be able to finish the job,” McConnell told reporters Thursday at Louisville-based Sunstrand, which manufactures hemp composites such as insulation and boards. Before touring […]Read More
Senator Majority Leader Mitch McConnell’s bill to legalize hemp continues to build momentum, attracting additional co-sponsors from both sides of the aisle after being fast-tracked to the Senate floor. The latest twist: The Republican from Kentucky now plans to attach the language of his legislation to the 2018 Farm Bill, which might improve the measure’s […]Read More
A Kentucky hemp-foods company is expanding into the Northeast with a new factory in Vermont. Victory Hemp Foods bought a 7,500-square-foot facility in Middlebury, Vermont, that formerly processed canola and sunflower oils, according to weekly newspaper Seven Days Vermont. The facility will process cold-pressed hemp oil and hemp protein powder, according to Victory Hemp Foods […]Read More
Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]Read More
The Senate’s top Republican says hemp shouldn’t be a controlled substance, and he plans to introduce a new bill to make the change. Republican Sen. Mitch McConnell made the announcement about the proposed change to federal hemp law Monday in his home state of Kentucky. “It’s now time to take the final step and make […]Read More
A Chinese hemp company and a California-based CBD company are building a new plant to manufacture CBD isolate in western Kentucky. The plant from HMI Group of Beijing and Kings Royal Biotech of Capistrano Beach, California, is expected to employ more than 100 people on nine acres in Bardwell, near the Mississippi River and just […]Read More
Kentucky checks all the boxes for nourishing a hemp revival.
Climate suited to the plant? Check. Friendly regulations from a state willing to experiment and invest in hemp? Check.
Lots of cheap land and a processing infrastructure that includes in-state decortication and CBD extractors? Check and check.
So why do some agronomists fear that Kentucky has reached its hemp zenith?
A company founded by Canadian investors is planning to launch a hemp-product development and manufacturing center in Kentucky. According to Lexington TV station LEX 18, AgTech Scientific plans to create 271 jobs in Bourbon County with a $5 million investment into the project. Here’s what you need to know: The 50,000-square-foot facility would be built on […]Read More
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