October 2019 - Page 2 of 6

FridayOct 25, 2019 4:00 pm

Regulatory Uncertainty Causes Insurer and Bank to Pull the Plug on Maine Hemp Farms

Last December, President Trump signed the Farm Bill, legislation that removed hemp from the Federal government's list of Schedule 1 controlled substances and made it legal to cultivate industrial hemp. Hemp is known for producing cannabidiol (CBD), a compound that has left the medical, health and wellness communities, and the world at large in awe of its powerful medicinal properties. The bill allowed farmers to capitalize on this emerging market, but the industry is still unregulated, and these eager farmers are suffering because of it. Maine hemp farmers Taryn and Ben Marcus, are the latest victims of the industry's current…

FridayOct 25, 2019 9:00 am

Kentucky Farmers Drag Hemp Company to Court

Hemp farmers in Harrison County, Kentucky, have filed a lawsuit against hemp processing company, Gencanna Global Incorporated, for ripping them off of millions of dollars meant for research and development of new products. Hemp farmers such as Kendall Henson and Ben Furnish, who are 8th generation farmers with degrees in economics, switched to hemp farming after tobacco sales plummeted. The two signed a contract with Gencanna back in 2016 and were excited about the possibility of growing hemp. According to Henson and Furnish, Gencanna was very hands-on in the beginning by providing farmers with education on hemp growth and how…

ThursdayOct 24, 2019 4:00 pm

USDA Official Says Hemp Rules Just Weeks Away

Players and prospective players in the hemp and CBD space can finally breathe easy after word got out that the U.S. Department of Agriculture (USDA) intends to issue draft final rules on hemp production in a couple of weeks. For the past few years, CBD has been garnering interest among the medical, beauty, and wellness industry. The compound is extracted from the hemp plant, and it is effective against a ton of medical conditions, ranging from insomnia and anxiety to epilepsy. Until 2018, the cultivation of industrial hemp was prohibited due to cannabis’ status as a Schedule 1 controlled substance.…

ThursdayOct 24, 2019 12:21 pm

ChineseInvestors.com Inc. (CIIX) CEO Discusses Investor Relations, CBD Division on MoneyTV

ChineseInvestors.com CEO recently discussed its corporate initiatives in a MoneyTV segment The company’s subsidiary, CBD Biotech, has expanded into seven strong Asian markets ChineseInvestors.com offers a diverse menu of investor education products and services ChineseInvestors.com Inc. (OTCQB: CIIX) has become a foremost financial information website for Chinese-speaking investors around the world. Through its main website, www.ChineseInvestors.com, it provides an array of investor education products and services. In addition, the company’s CBD division, CBD Biotech Inc., has experienced tremendous growth. Recently, CIIX CEO Warren Wang discussed the focus of the company on MoneyTV with Donald Baillargeon (http://cnw.fm/6yrEt). In an effort to maximize…

ThursdayOct 24, 2019 9:00 am

Florida Finalizes Draft Hemp Rules

By the end of 2019, hemp farmers in Florida might be able to submit their hemp applications. On Monday, state officials held the first of the multiple public hearings in Tampa to discuss the Final Draft Rules for the state’s hemp program. This clarifies that the Department of Agriculture and Consumer Services in Florida is still on track for adoption and review of its rules by the U.S. Department of Agriculture, said Franco Ripple, the agency spokesperson. He further added that the Agricultural Commissioner, Nikki Fred’s main priority was to get the final draft out and hemp seeds in Florida…

WednesdayOct 23, 2019 4:00 pm

University of Connecticut Opens Hemp Testing Lab

Interested parties heaved a sigh of relief in December 2018 when the Farm Bill was passed. The legislation made legal the cultivation of industrial hemp, the plant that produces cannabidiol (CBD). The cannabinoid has been surfing the waves recently, mostly due to its power as a natural alternative to pharmaceuticals. Over the years, users have claimed to get relief from a variety of conditions like chronic pain, anxiety, and insomnia after using CBD products. The 2018 Farm Bill was a game-changer, opening up the market to sellers with the ability to cater to the immense demand for CBD products. However,…

WednesdayOct 23, 2019 9:00 am

6 Ways Hemp Farmers Can Enhance Their Gains

This season, hemp farmers in the United States are looking for buyers while their crop is still in the field or drying after harvesting. For those who did not have buyers before planting their crop, they are using all their marketing strategies such as advertising on LinkedIn to profit from their crop while also seeking additional buyers. According to experts, farmers who are yet to secure buyers for their crops should harvest their crops using cultivators to protect it from dampness and any other dangers such as mold. Hemp farmers can utilize the six strategies discussed below to optimize hemp…

TuesdayOct 22, 2019 4:00 pm

Upsurge in Hemp Lobbying Observed After Legalization

For years, Ben Droz, alongside hemp trade association Vote Hemp, extolled the benefits of hemp along the streets of Washington, trying to rally enough support for the Industrial Hemp Farming Act, which would legalize hemp cultivation and production. Their message was simple; hemp is not the same as marijuana. They may come from the same plant species, but unlike marijuana, hemp contains minuscule levels of THC, the compound that gives users a psychoactive high when smoked or ingested. Over time, they were able to sway Former Rep. Ron Paul, Sen. Ron Wyden, and Rep. James Corner to their cause. Their…

TuesdayOct 22, 2019 9:00 am

Zimbabwe Pilots Hemp Cultivation on Prison Land

In Zimbabwe, October 11 will be remembered as a special day in the nation’s history because it was the day the Zimbabwe Industrial Hemp Trust (ZIHT) planted their first legal hemp crop. ZIHT planted six strains of hemp. The country has entertained the notion of planting hemp for several years and in 2017, it created a hemp pilot program but later abandoned it and reverted their focus on medical marijuana. Dr. Zorodzai Maroveke has been the driving force behind the Zimbabwe hemp policy. She is a trained dental surgeon. While studying in China, she learned of industrial hemp and its…

MondayOct 21, 2019 4:00 pm

Hemp Company Invests Millions in Rural North Carolina County

Carolina Botanicals, a hemp processing plant, will be establishing operations in Tabor City, Columbus County. In a press release, Commerce Secretary Antony M. Copeland said that the move would create 30 new jobs for the community. "Today's announcement is the latest example of the growing market for hemp-related products, and we know that companies like Carolina Botanicals will find success here with our strong agricultural footprint, solid economy, and available workforce." The commercial processor of industrial hemp biomass will invest $3.4 million in its new Tabor City facility. It plans to purchase its raw material from farmers residing in North…