Hemp Channel

Fri
18
May

Canadian hemp is getting an olympic co-sign

A whole lot of cannabis is heading to Beijing in preparation for the 2022 Olympic Winter Games. And, no, it's not to help the athletes relax or get focused. Instead, this weed is being used in the construction of the game's bobsled track, writes Calvin Hughes.

Wed
16
May

6 common misconceptions about hemp

No, hemp is not marijuana.

That’s the most common misconception about the food product – legalised in Australia last November – and commonly used fibre.

So what is it?

While hemp and its more famous cousin, marijuana, are both varieties of cannabis sativa, one of the three main subtypes of the cannabis plant, they’re different in a number of ways.

Hemp contains negligible amounts of THC — the intoxicating substance in marijuana — and can’t get you high.

Marijuana can contain up to 30% THC, while hemp contains less than 0.3% (per dry weight) THC. Hemp has more CBD, a non-intoxicating compound with medical applications, than marijuana.

Wed
16
May

More marijuana growers are turning to hemp

While the everyone is itching to find their place in the legal marijuana industry, one group is already getting out of the pot game and turning to hemp.  Growers are seeing prices for marijuana drop at rapid rates impacting their bottom line. The Associated Press reports that “the retail price for a gram of pot has fallen about 50 percent since 2015, from $14 to $7.”

It’s All About Economics

Tue
15
May

Arizona governor allows industrial hemp

Arizona is the latest state to allow farmers to grow industrial hemp.

Gov. Doug Ducey on Monday signed legislation that funds a pilot program for growing hemp. The fiber form of marijuana can be used to create a variety of products like building materials, food, paper and textiles.

Ducey’s office says at least 34 states have passed legislation related to industrial hemp, and that the product will benefit Arizona’s economy.

The new law says hemp grown here cannot contain more than .3 percent THC, which is the psychoactive element of marijuana.

Growers, harvesters, processors and transporters will be required to get a license from the state agriculture department. The legislation also spells out penalties for anyone who violates the licensing requirements.

Tue
15
May

Aurora takes control of Hempco, increasing ownership to 52.7%

Aurora Cannabis Inc. (the "Company" or "Aurora") (TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Hempco Food and Fiber Inc. ("Hempco") (TSX-V: HEMP) are pleased to announce that, further to the Companies' press release of September 18, 2017, Aurora has exercised its right under a private option agreement with Charles and Angela Holmes.

Pursuant to this agreement Aurora has purchased an aggregate of 10,754,942 additional Hempco Shares (50% from Charles Holmes, 50% from Angela Holmes). Following the transaction, Aurora's ownership interest in Hempco now stands at 52.7% (50.12% on a fully-diluted basis).

Management commentary

Tue
15
May

Oregon cannabis growers turning to hemp as CBD extract booms

A glut of legal marijuana has driven Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet -- one that doesn't come with a high.

Applications for state licenses to grow hemp -- marijuana's non-intoxicating cousin -- have increased more than twentyfold since 2015, making Oregon No. 2 behind Colorado among the 19 states with active hemp cultivation. The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.

Mon
14
May

'Hemp's the new gold rush': What happened when legal marijuana sent prices to rock-bottom

A glut of legal marijuana has driven Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet — one that doesn't come with a high.

Applications for state licences to grow hemp — marijuana's non-intoxicating cousin — have increased more than twentyfold since 2015, and Oregon now ranks No 2 behind Colorado among the 19 states in America with active hemp cultivation.

The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.

The two-story building where he grew 200 pounds of weed a month sits nearly empty, and a greenhouse built to expand his pot business is packed with hemp plants instead.

Fri
11
May

Colorado supports hemp legalization at national level

Hemp is gaining legitimacy in Colorado and federally, despite resistance from the U.S. Drug Enforcement Agency.

Industrial hemp is a genetic cousin of marijuana, but without the psychoactive ingredients. It is grown commercially for a many products, including textiles, fuel, food, paper, construction materials and medicines.

Colorado voted to legalize hemp along with marijuana in 2012 under Amendment 64. The state has since passed additional laws in support of hemp, including one bill that was signed in Cortez last year.

Permits to grow hemp are issued by the Colorado Department of Agriculture, and are increasing. So far, 12 permits have been issued in Montezuma County, 12 in La Plata County, and three in San Miguel County.

Wed
09
May

South Carolina doubles number of industrial hemp permits and acreage

The South Carolina Department of Agriculture is doubling the number of permits and the acreage allowance for industrial hemp – from 20 to 40 – under the state’s pilot program, according to a WTOC report. The permits will also allow farmers to grow 40 acres of hemp, up from 20 acres.

In order to qualify for the program, applicants must meet the following criteria:

Fri
04
May

U.S. appeals court denies hemp industry's attempt to reclassify CBD

The court ruled that the DEA can continue to classify hemp-derived CBD as a dangerous drug, even though the 2014 Farm Bill defines hemp as a legal plant separate from marijuana.

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