December 2019 - Page 2 of 5

FridayDec 20, 2019 4:00 pm

North Carolina Company Launches Hemp Bedding Products

Late last month, Delilah Home launched the sale of a wide variety of bedsheets that are 100 percent hemp. The company claims to be the first brand in the U.S. to sell hemp beddings. The company also launched other products such as organic cotton towels and a bedsheet collection, which are certified by the Global Organic Textile Standards (GOTS). Delilah Home also has other certifications such as OneCert, Organic Trade Association, Green America, and Textile Exchange. Delilah Home gives back to the community by supporting several charities such as Beds for Kids, DoneGood, 1% For The Planet, and Peta Business…

FridayDec 20, 2019 9:00 am

Federal Funding Bill Disappoints Hemp and CBD Stakeholders

Hemp stakeholders such as lawmakers and trade organizations, as well as the advocates, are continuing to lobby on matters connected to the interim federal government funding proposal irrespective of the absence of a language creating a pathway for hemp or CBD products. On Tuesday, the House of Representatives voted on the interim funding bill, and the Senate is scheduled to vote for the measure on Thursday. President Trump is supposed to sign the proposal before Friday to avoid the government being partially shutdown at the beginning of 2020. No legislative language on Hemp or CBD products are included in the…

ThursdayDec 19, 2019 4:00 pm

Maine Farmers Fear Federal Hemp Testing Rules Could Lead to Crop Losses

For a lot of hemp producers, the U.S. Department of Agriculture's (USDA) interim final rule on hemp wasn't the Hail Mary they thought it would be. For months, the department was pressured by producers and interested parties to provide a comprehensive regulatory framework for the massive industry that had grown around hemp. Farmers were at a major disadvantage as service providers like banks and insurance companies shied away from working with them. After the USDA published its new rules, states and tribes were given the opportunity to write up their own hemp programs and submit them to the USDA for…

ThursdayDec 19, 2019 9:00 am

Business Leaders Say Federal Hemp Rules Could Hamper the Smokable Flower Market

Just a year after the 2018 Farm Bill legalized the industrial use of hemp and its extracts, the market for cannabidiol (CBD), one of hemp's main extracts, had grown so rapidly it had quickly outpaced regulatory authorities. After months of pressure from stakeholders and politicians, the United States Department of Agriculture (USDA) released its interim final rule on hemp. However, as the sector adjusts to the new regulations, there have been fears that they may be a little too tough, especially on the budding smokable hemp industry. Observers and farmers alike fear that the USDA's insistence on testing the topmost…

WednesdayDec 18, 2019 4:00 pm

USDA Estimates 20 Percent of Hemp Grown in 2020 Will Be Hot

According to the new estimates released by the United States Department of Agriculture (USDA), one in five farms growing hemp in the 2020 planting season would lose its crop because the level of THC would be more than the stipulated federal limit of 0.3%, making the plant illegal. The Hemp Industry Daily released the USDA estimates in a special report, “USDA Hemp Rules: A Handbook for Hemp and CBD Businesses” late last week. The free report, which was released by the USDA on October 31, outlines the contents of the agency’s interim final rules governing the formation of the domestic…

WednesdayDec 18, 2019 9:00 am

Oregon Hosts Hemp Researchers from China

There's a cannabis revolution going on, and cannabidiol (CBD) is at the helm. For the past few years, cannabis has been gaining popularity, not as a recreational drug, but as a medicine. The 2018 Farm Bill began the revolution, classifying hemp with less than 0.3% THC (delta-9 tetrahydrocannabinol) as hemp. THC is the compound responsible for cannabis' psychoactive high. Industrial hemp and all its extracts became fair game, legal to plant, market and sell. In the year since industrial hemp and all its extracts became legal, the market for CBD has grown to insane proportions, and it's expected to hit…

TuesdayDec 17, 2019 4:00 pm

5 Highlights of the Recent Hemp Industry Daily Forum

The 2019 Hemp Industry Daily Forum was held at the Las Vegas Convention Center on Tuesday during the MJBizCon Week. More than 500 entrepreneurs from all sectors of the hemp supply chain attended the forum to learn strategies of advancing in the ever-growing hemp industry. It has been a year since hemp production was legalized in the U.S, but the market for the new crop is still going through seismic shifts, which is creating a barrier for small as well as established hemp businesses. Discussed below are five expert tips on navigating the hemp markets noted by the speakers at…

TuesdayDec 17, 2019 9:00 am

Brooklyn Brothers Want 10 Million for Wrongful Arrest and Confiscation of Hemp

Earlier this year, a New Yorker was arrested and slapped with federal drug trafficking charges after the police intercepted and confiscated what they thought was a shipment of marijuana. Ronen Levy was receiving the shipment of hemp from Vermont on his brother's behalf, Oren Levy, who owns Green Angel CBD. Acting from a tip from a FedEx driver, New York police arrested him and confiscated 106 pounds of hemp. On Tuesday, Brooklyn prosecutors dropped criminal charges against Levy, and he and his brother are seeking $10 million in damages from the NYPD. The claims include $8 million for false arrest,…

MondayDec 16, 2019 4:00 pm

Vermont Hemp Farmers Fear They Have Been Conned by Buyer

A group of Vermont farmers’ financial future is uncertain after being duped by the man who was supposed to buy their hemp. The farmers invested time and money into the crop; some even switched wholly from previous operations to grow hemp. Patrick Sullivan owns Ananda Garden, where he has Montpelier chicken and also grows vegetables. He expanded his garden by 2 acres to grow hemp. Sullivan was looking to add another business to his existing ventures and entered into a $50,000 contract with CBD Vermont. Sullivan further said that he is counting on the payment. Sullivan cultivated hemp for CBD…

MondayDec 16, 2019 9:00 am

USDA Predicts Hemp Sales Could Top $100 Million by 2022

According to new estimates by the United States Department of Agriculture (USDA), hemp sales in the U.S. could increase to $25 million by 2020. USDA also estimated that by 2022, the sales could skyrocket to $100 million. Hemp Industry Daily outlines some of the figures estimated by the USDA in a new special report, which was researched and compiled by experts and the editor of the Hemp Industry Daily. The report is titled ‘The USDA Hemp Rules: A Handbook for Hemp and CBD businesses’. The report breaks down the costs and implications of the new USDA rules. It also answers…