September 2019 - Page 3 of 5

TuesdaySep 17, 2019 11:52 am

SinglePoint Inc. (SING) to Display 100% American Hemp Cigarette, Direct Solar of America Division Announces Hemp Distribution Centers

SinglePoint Inc. is expected to promote 100 percent American hemp cigarettes at the National Association of Convenience Stores Exhibition SING subsidiary Direct Solar of America recently detailed operations relating to a hemp distribution center SING’s CEO forecasts revenues of more than $10 million for its solar division in 2020 SinglePoint Inc. (OTCQB: SING) will be showcasing a 100 percent American-grown hemp cigarette, its latest product by Pure, at booth 5653 of the National Association of Convenience Stores (NACS) Exhibition. Products at this exhibition, which is attended by more than 23,000 participants, gain industry exposure by being displayed to major chain stores.…

TuesdaySep 17, 2019 9:00 am

First Hemp Strain Awarded a US Patent

The famous Stanley brothers from Colorado seem to have secured what is widely regarded as the first hemp plant patent in the U.S. According to records at the U.S. Patent and Trademark Office, Charlotte’s Web Holdings Inc. got a patent for a distinct and new hemp cultivar on July 2, 2019. This cultivar is designated as “CW3A” at the patents office. The documents refer to this cultivar as one that is resistant to cold and is capable of yielding up to 6.24 percent CBD and just 0.27 percent THC on a dry matter basis. It is crucial to note that…

MondaySep 16, 2019 4:00 pm

USDA Hemp Rules Await White House Approval

It has emerged that the U.S. Department of Agriculture (USDA) has completed drafting the national hemp cultivation rules and submitted them to the White House for approval before they can be released to the public. The hemp industry has been waiting anxiously for those rules. The federal agency had initially promised that it would have them published by August 1, but delays over establishing a national testing protocol affected that timeline and the USDA promised to have those rules in place in time for the 2020 planting season. The rules are now ready, and they were submitted to the Office…

MondaySep 16, 2019 9:00 am

Oregon Storm Damage Update: Hemp Recovers, But Flower Development Still Uncertain

About one month ago, Central Oregon was struck by stormy weather that affected close to 500 acres of industrial hemp. Four weeks later, farmers are saying that they may not suffer a complete loss since the plants are bouncing back. Matt Cyrus, the president of Deschutes County Farm Bureau, says some of the plants that were affected by the storms have sprouted new leaves and the crops are looking green again. In the immediate aftermath of the storm, Cyrus had predicted that the damage caused would amount to about $25 million in this region that is one of the areas…

FridaySep 13, 2019 4:00 pm

Why Colorado is Still Leading in Hemp Production

The 2018 Farm Bill paved the way for the widespread adoption of hemp as a commercial crop and states around the country have scrambled to establish hemp programs so that their economies can benefit from this crop. However, Colorado has remained the leader in hemp production despite efforts by other states to grab pole position. The following factors could explain why Colorado is still ahead, and states that wish to catch up can do well to learn from Colorado’s path. A Favorable Regulatory Climate The department of agriculture in Colorado took a stance early on to view hemp like any…

FridaySep 13, 2019 9:00 am

Idaho Prosecutors Cut Deals to Close Interstate Hemp Transportation Cases

The two separate cases in Idaho that had captured the attention of the entire hemp industry have been closed with prosecutors agreeing plea deals with the accused drivers. The drivers pleaded guilty to lesser charges in exchange for their freedom and lighter sentences. The first case involved Dennis Palmarchuk who was arrested and detained in Boise County for five days after the truck he was driving was found to contain about 6,700 pounds of hemp. He was charged with marijuana trafficking and his trial was set to begin on October 2. However, a plea deal with the prosecutors resulted in…

ThursdaySep 12, 2019 4:00 pm

Bank Closes Accounts of Oregon Hemp Processor

Treasure Valley Extractions, a hemp processing company in Ontario, Oregon recently had its six accounts with U.S. Bank closed due to what the company proprietor Jim Hutchins attributes to his company’s hemp-related activities. This action was taken abruptly despite the fact that Hutchins has banked with this same bank for 40 years. Treasure Valley Extractions harvests and processes industrial hemp into CBD, which is currently on high demand across country and beyond. Last year, Hutchins and a team of local investors worked together to secure a former golf course in Ontario. They established a hemp processing plant there with a…

ThursdaySep 12, 2019 9:00 am

Hemp Industry Seems to Be Waking Up Late to the Need for Processing Facilities

From hemp field days to hemp expos and even hemp festivals, every event about industrial hemp seems to be attracting large numbers of people who are interested in growing this trending crop, but it appears that not enough forethought was allocated to what would happen once the crop is harvested and dried. Approximately 75 percent of all the hemp that is grown in the U.S. is for the extraction of CBD, but a huge number of people who get into the industry seem to be on the cultivation side of things. Colorado has had a head start on the rest…

WednesdaySep 11, 2019 4:00 pm

Hemp Battle Lines Drawn Between South Dakota Legislators and Governor Noem

Gov. Kristi Noem vetoed a hemp legalization bill during the 2019 legislative session and lawmakers immediately got to work to prepare another bill for next year’s session. However, in a move that sets the governor on a collision course with legislators, Noem has vowed to veto any such bill once it gets to her desk. The push to legalize hemp this year in South Dakota was just a few votes shy of the support needed to override the governor’s veto, and an 11-member committee of legislators immediately went to work to study the hemp laws of other states, such as…

WednesdaySep 11, 2019 9:00 am

Southern Hemp Expo Attracts Hundreds of Enthusiasts to Tennessee

The Williamson County Agricultural Expo Park was teeming with people from across the U.S. during the second edition of the Southern Hemp Expo held last week. The enactment of the 2018 Farm Bill helped the already booming hemp industry to explode massively as thousands of farmers and other industry players moved in to get their slice of this new cash crop and its derivatives. The massive turnout at the Southern Hemp Expo was therefore expected, but not even the most optimistic of the organizers could have guessed how much attention the event would attract from out of state players. In…