Uncategorized Archives - Page 73 of 86 - PsychedelicNewsWire (PNW)

FridayDec 13, 2019 4:00 pm

Texas Company Plans to Establish the Largest US Hemp Processing Facility

Hemp has had an unfortunate history. For years, it was classified as a Class 1 Controlled substance, and it was illegal to grow, market or sell cannabis or cannabis-derived products. This was a severe setback, hindering research into the plant's abilities and applications. The 2018 Farm Bill changed all that, classifying cannabis with less than 0.3% THC (delta-9 tetrahydrocannabinol), the compound that gives users a psychoactive high, as legal industrial hemp. Farmers in all states and tribes were given the green light to farm industrial hemp under State and Tribal programs. A year later, the hemp industry is going strong,…

TuesdayDec 10, 2019 4:00 pm

First Hemp Food Week in the World to Be Held in New Zealand

The first world celebration of Hemp Food Week is being held at Christchurch, which will be a week-long event where nine venues and chefs will be displaying different types of hemp dishes. Guido Loeffler, who is the entrepreneur that came up with the event idea, said that hemp is the most beneficial plant known to the human race. Loeffler also noted that hemp provides humanity with nutritious food full of natural fiber, building materials, biodegradable plastics, and it can also help in restoring the environment. Loeffler further said that when he started thinking of promoting hemp and the new Whakamana…

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…

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,…

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 9:00 am

New York to Drop Charges in Mistaken Hemp Case

A New York man charged with felony marijuana trafficking charges can finally heave a sigh of relief after Brooklyn prosecutors said they would drop his charges. Ronen Levy was receiving a shipment of hemp from Fox Holler Farms in New Haven, Vermont, in place of his brother John Dee, when he was arrested by the New York City Police. Believing it to be marijuana, the police confiscated 106 pounds of organic hemp, even posing for pictures with what they thought to be a major haul of illicit cannabis. Dee, who runs Green Angel, a business in Brooklyn that makes cannabidiol…

TuesdayNov 26, 2019 9:00 am

How Does CBD from Hemp Differ From That Extracted From Marijuana?

If you have been paying even the slightest attention to the news, you have undoubtedly heard of cannabidiol (CBD), a hemp extract that has been taking the world by storm. For the past few years, stories have surfaced about the compound's potent and versatile medicinal properties. The extract has been said to help manage a host of medical conditions ranging from anxiety and depression to high blood pressure and chronic pain. Due to the continued focus on hemp, you might think that CBD can only be extracted from hemp, but even the federally illicit marijuana produces cannabidiol. The 2018 Farm…

ThursdayNov 21, 2019 9:00 am

First Hemp Processing Facility Opens in Indiana

Central Indiana has launched its first hemp processing facility for converting hemp into a market-ready product. Last month, Third Wave Farms, a hemp company based in Kentucky, launched its first hemp dying and processing facility inside a 22,000 square-foot building in Kokomo. The building was previously occupied by a company that manufactures parts for the robotics market. The Third Wave Farms’ facility is equipped with infrastructure that supports post-harvest activities such as drying and processing. The company can dry and process more than 75,000 pounds of hemp within a day. This turns the hemp into a stable product that can…

TuesdayNov 19, 2019 4:00 pm

Is Smokable Hemp the Next Big Thing in Kentucky?

Hemp is undoubtedly one of the most versatile cash crops being grown at the moment. It has plenty of applications ranging from fiber clothing, industrial foodstuffs, beauty, and health. Over the past few years, it has become an increasingly attractive venture, mainly carried by the immense popularity for hemp-derived cannabidiol (CBD) that's currently taking the world by storm. The cannabis extract has proven to be as equally versatile as hemp. It has potent medicinal properties that make it effective against a host of medical conditions, from anxiety and high blood pressure to chronic pain. A trend that is quickly emerging…

MondayNov 18, 2019 9:00 am

500 Comments About Federal Hemp Rules Already Submitted

More than 500 people have voiced their opinions on hemp rules less than two weeks after the USDA opened the public comment period. Last month, the USDA released an interim final rule which contained regulatory guidelines for industrial hemp. Some of the regulations cover licensing, THC testing requirements, and the disposal procedure for crops exceeding the stipulated THC levels. Hemp industry stakeholders and advocates do not have a fixed standpoint about the regulations because some of the rules are geared towards the positive development of the industry like providing farmers with the tools needed to enter the industry, while some…

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