Hemp Channel

Wed
18
Apr

Hemp is the multibillion-dollar cannabis opportunity few have heard about

If the move to make it legal succeeds, entire industries could be revolutionized.

Today, the U.S. is the world’s largest consumer of hemp products. But because of the federal prohibition imposed on cannabis and hemp, the U.S. is importing an estimated $100 million of hemp products each year.

That $100 million could soon be going back to American farmers and businesses, thanks to the recent introduction of the Hemp Farming Act of 2018 by Senate Majority Leader Mitch McConnell (R-KY). The bill, announced by McConnell and supported by a bipartisan group of senators, would “legalize hemp as an agricultural commodity and remove it from the list of controlled substances.”

Fri
13
Apr

Mitch McConnell has officially filed his promised hemp farming bill

Today, the Senate Majority Leader has made good on his words.

Mitch McConnell has officially filed his promised hemp farming bill.

Senate Majority Leader Mitch McConnell has officially filed his promised hemp farming bill on Thursday.

This bill, if passed, would legalize the cultivation of hemp and remove the plant from the list of controlled substances banned under federal law. The move would make good on McConnell’s promise to farmers who view hemp as a potentially lucrative crop.

Thu
12
Apr

Future Farm positions to dominate the industrial hemp industry starting in Maine

Today, we have the pleasure of being able to publish an interview with Future Farm’s Derek Ross who has been the key player in the company’s industrial hemp business.

We are excited by this high growth vertical and see it as a significant growth driver for the overall company. Derek, it is great to connect with you and we appreciate you being a part of this interview.

Our readers have been very excited by Future Farm’s industrial hemp business and so are we. 2018 has been a major year for Future Farm’s hemp business. Please tell us about the state of current operations and where this emerging growth vertical is going?

Wed
11
Apr

The booming industry of CBD hemp oil

Cannabidiol (CBD) oil is one of the most sought-after cannabis products due to its multiple therapeutic properties.

Without psychoactive effects but with a highly appreciated relaxing, anti-inflammatory, antiemetic and anticonvulsant potential, CBD has proved to effectively alleviate seizures in those diagnosed with the Dravet syndrome. Its qualities are so many that more and more people are starting to cultivate hemp to extract oil from it on the grounds that the legislation in question is far more favorable than marijuana regulations.

Fri
06
Apr

Nevada farmers, seeing high demand for hemp, watch Congress's next move

On a Sunday afternoon in Goldfield, NV, a “Wanted” sign whipped around in the wind. It was hung from the side of an Old West storefront.

The town of Goldfield (population 286 in the 2010 census) straddles the I-95, and it’s one of few stops along the 400-mile stretch connecting Las Vegas with Reno.

Most of the town’s businesses — its gift shops, its chamber of commerce, even a radio station that calls itself the “Voice of the Old West” — are set in Spaghetti Western storefronts, where one might think a Wanted notice would signal a sheriff’s attempt to catch a fugitive. But the county sheriff did not post the sign hanging in Goldfield in March. It was posted by a farmer named Jim McCoy. After “Wanted,” the next line read: “Nevadans to grow hemp.”

Wed
04
Apr

Hemp never belonged on controlled-substances list

Attorney General Jeff Sessions does not like marijuana, and the feds could crack down on Colorado's booming industry at any time. But hemp - marijuana's non-intoxicating cousin - has a powerful ally in Washington.

Senate Majority Leader Mitch McConnell is pushing to legitimize industrial hemp. It is past time for Washington to let farmers grow hemp without fear.

Hemp is a serious cash crop in other countries. Though it was popular in America back around the time of the Revolution, over the decades too many people stopped differentiating it from marijuana.

Thu
29
Mar

Medical Marijuana, Inc. subsidiary HempMeds® Brazil provides CBD for university study in Brazil

Medical Marijuana, Inc. (OTC: MJNA), the first publicly traded cannabis company in the United States, today announced the success of its subsidiary HempMeds® Brazil's Cannabis Symposium in Rio Grande do Sul, Brazil.

The event was put on in partnership with the National Association of Cannabidiol Users (ANUC) from March 19-23 and was held in the cities of Canoas, Passo Fundo and Porto Alegre.

There, Dr. Stuart Titus, CEO of Medical Marijuana, Inc., spoke about the benefits of cannabidiol (CBD) and also discussed upcoming potential research opportunities in Brazil.

Tue
27
Mar

Kentucky: Mitch McConnell vows to introduce bill that would legalize hemp

Hemp is a versatile, renewable resource - but one that is difficult to grow due to legal constraints.

Now, a new bill could change that, writes Neil Bonner.

At a stop in his home state of Kentucky, Senate Majority Leader Mitch McConnell announced his intention to introduce a bill that would make hemp legal as an “agricultural commodity”.

McConnell previously cosponsored the Industrial Hemp Farming Act in 2015.

Mon
26
Mar

Aurora Cannabis increases stake in Hempco to 35%

Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Hempco Food and Fiber Inc ("Hempco") (TSX-V: HEMP) announced today that Aurora has exercised 10,558,676 warrants to purchase common shares of Hempco for total proceeds of $4.3 million to Hempco.

Consequent the warrant exercise, Aurora now owns 21,117,352 Hempco common shares, reflecting an ownership interest of approximately 35%.

"With this further investment by Aurora we are now very well capitalized to accelerate our various strategic initiatives to drive growth at Hempco," said Diane Jang, CEO of Hempco.

Fri
23
Mar

The Hemperor from New Belgium is Colorado's latest hemp beer

Hemp Beers are nothing new in Colorado.

Several have been brewed over the past fifteen years — if not further back — but when New Belgium Brewing releases its new hemp beer, the Hemperor HPA, next month, it will represent a serious effort by the state's largest craft brewer (and the nation's fourth-largest) to bring the often controversial and quasi-legal plant into the mainstream market.

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