December 2019 - Page 4 of 5

FridayDec 06, 2019 4:00 pm

Regulators Clear Banks to Work With Hemp Industry

Hemp farmers will be glad to learn that one of the biggest issues affecting the hemp industry, lack of access to proper banking services, will soon be a thing of the past. The industry grew rapidly after the 2018 Farm Bill legalized the cultivation of industrial hemp, giving farmers the green light to grow the lucrative cash crop under state and tribal programs. However, banks avoided working with hemp producers, denying them crucial services like loans. Well, that's about to change. According to statements from federal and state bank regulators, banks will no longer be required to file reams of…

FridayDec 06, 2019 9:00 am

USDA Starts Receiving Hemp License Applications From Individual Farmers

After continued pressure from government officials and industry players to regulate the hemp industry, the United States Department of Agriculture finally released its interim final rule on hemp. On top of the actual rules, States and Tribes were instructed to create their own state plans and submit them to the USDA for approval. Although the USDA issued the hemp rules in October, the agency put a pause on approving individual federal applications to give time to State and Tribal governments to draw up their plans. Farmers interested in cultivating industrial hemp in 2020 can now submit their applications directly to…

ThursdayDec 05, 2019 4:00 pm

South Dakota Gets Ready to Legalize Hemp Next Year

South Dakotan Legislators are ready to legalize industrial hemp during the 2020 legislative session. On Monday, the six-page draft legislation, which is to be introduced in the House in January, was approved by the legislative Industrial Hemp Study Committee in a vote of 10-1. The bill’s primary sponsors are expected to be House Majority Leader Lee Qualm (R-Platte) and Senator Josh Klumb (R-Mount Vernon). Industrial hemp is a “buyer beware” industry, said Senator Rocky Blare (R-Ideal). Blare also noted that residents of South Dakota should be educated on hemp. He further said that the state could permit farmers to grow…

ThursdayDec 05, 2019 9:00 am

USDA and DOJ in Talks to Ease Hemp Interstate Transport

Hemp farmers and companies that sell CBD-infused products can finally heave a sigh of relief after the United States Department of Agriculture (USDA) and the Department of Justice (DOJ) announced that they would take extra steps to ensure the security of interstate hemp shipments. This comes after a New York man was arrested and slapped with federal drug trafficking charges after a shipment of legal hemp he was receiving from a hemp farm was intercepted and confiscated by the New York Police Department. In a bid to ease interstate hemp transport, the two departments are talking about an information-sharing platform…

WednesdayDec 04, 2019 4:00 pm

Wyoming Tribe Studies Hemp to Boost Economy

An Eastern Shoshone tribe in Wyoming is looking for ways to boost its hemp and medical marijuana economy in the Wind River Reservation in addition to looking for ways to use these substances to treat a variety of illnesses. Most tribes in Wyoming view medical marijuana and hemp as a lucrative venture. Nearing the end of September, the General Council in the Eastern Shoshone tribe voted in a resolution allowing a group to examine the legalization of medical marijuana and hemp production. The group was also supposed to come up with a proposal that could be voted on. Bobbi Shongutsie,…

WednesdayDec 04, 2019 9:00 am

Designers Compete to Portray Hemp as the Material For the Future

Hemp’s versatility is almost mind-boggling. Said to have more than 2000 uses, the amount of things you could do with hemp seems almost endless. It can be used to make a variety of industrial products such as rope, textiles, and bioplastics, but did you know hemp can also be used to make clothes? It is a strong, versatile and cost-effective alternative, and it has been used to make fabric for thousands of years. Hemp clothing is still a thing of the present. A Kentucky fashion show will feature a variety of designs from local and international designers, all created using…

TuesdayDec 03, 2019 4:00 pm

Senate Minority Leader Asks USDA to Extend Hemp Comments Period

The Senate Minority Leader, Chuck Schumer, has requested the USDA (United States Department of Agriculture) to prolong the public comment duration for the newly released draft hemp rules. He said the reason for his request is because he is concerned about some prohibitory rules included therein. On Wednesday, Schumer visited a hemp farm in New York, Miller Organics; while there, he discussed the economic potential of industrial hemp and its derivatives. In the month of October, the USDA released draft rules for the crop and although some stakeholders believe they are headed on the right track, others said that the…

TuesdayDec 03, 2019 9:00 am

Wisconsin Governor Signs Hemp Production Bill

On Tuesday, Wisconsin Governor Tony Evers signed a hemp production legislation that amends laws governing industrial hemp cultivation. He also signed a bill legalizing temporary lemonade stands for children under the age of 18. The bill, which was approved by both the Democrats and Republicans, re-authorizes the growth of hemp and makes several changes to the Wisconsin hemp regulations. Supporters of the bill said that Wisconsin law needed to be updated after Congress legalized hemp production under the 2018 Farm Bill. The 2018 Farm Bill urged states interested in the cultivation of hemp to enact new state regulations in line…

MondayDec 02, 2019 4:00 pm

Here Are the Details of Annual US Hemp Imports

Hemp has had an interesting history in the United States. Before 2010, the hemp industry operated in the fringes of the law, with hemp continually being lumped in with its illicit cousin marijuana for years. The Industrial Hemp Farming Act of 2009 changed all that and started a new era for the U.S. hemp market. The legislation sought to clarify the differences between industrial hemp and marijuana, as well as to repeal federal laws that forbid the cultivation and sale of industrial hemp. According to the U.S. Census Bureau, the country had imported hemp worth $3.07 million in 2009. However,…

MondayDec 02, 2019 1:27 pm

MCTC Holdings Inc. (MCTC) Boosts IP with Hemp Infusion Replacing Alcohol in Beverages

MCTC Holdings Inc.’s work to develop cannabis-based infusion technologies has resulted in a compound that is a legitimate replacement for alcohol beverages The alcohol replacement technology is revolutionary because while based on hemp, levels are so low the hemp extracts utilized register on testing equipment as undetectable The company’s latest IP will form the basis of an ongoing series of products that will make up the company’s Hemp You Can Feel™ brand and may also be licensed as a white label product for other companies Cannabis infusion technology is a new frontier in the fast-expanding industry derived from society’s newfound…