Uncategorized Archives - Page 74 of 86 - PsychedelicNewsWire (PNW)

FridayNov 15, 2019 11:45 am

Hemptown USA Bullish on Potential of a Relatively Unknown Cannabinoid — CBG

Hemptown USA has built a business on cultivating cannabidiol (CBD), but now its focus has turned to the qualities of a little-marketed cannabinoid – cannabigerol (CBG) CBG is known as the “Mother of all Cannabinoids” because its acid form is the precursor to the three main cannabinoids and is synthesized to create those extracts very early in the plants’ maturation process Hemptown has 500 acres dedicated exclusively to CBG cultivation in Oregon, using the company’s rights to one million cannabigerol (CBG)-intensive seeds that are engineered to preserve CBG in its latent form until late in the plant’s growth cycle While…

ThursdayNov 14, 2019 9:00 am

Hemp Researcher Files Billion Dollar Claim Against County in California

A claim of $1 billion has been filed against Kern County by a hemp researcher for unauthorized eradication of 500 acres of hemp plants because the county sheriff’s office thought it was marijuana. According to the images displayed online by local TV station KGET-TV, in their filed claim, Apothio LLC and Trent Jones, who is a former chiropractor, cited the California statutes which permit possession of hemp by researchers. If the County denies the claim, there is a probability that the researchers will file a lawsuit against Kern County. On Friday afternoon, requests for comments on the filed claim went…

ThursdayNov 07, 2019 9:00 am

Federal Hemp Rules Scare Vermont Farmers

Last week the federal government proposed new hemp regulations where the amount of THC in hemp will be strictly regulated, causing Vermont hemp farmers to panic. THC is the psychoactive compound found in hemp and its cousin marijuana. On Thursday, the Department of Agriculture released the rules that state that farmers whose hemp has a THC concentration that exceeds 0.3% would be barred from harvesting the crop. Current Vermont law allows farmers to grow hemp with a THC concentration of up to 1%. The state regulators, processors, and farmers are worried that the stringent THC measures could end up hurting…

FridayNov 01, 2019 9:00 am

Cannabis and Hemp Jobs Expand Despite Regulatory Uncertainties

In the 2019 Hemp and CBD Industry Factbook, Kristen Nichols writes that hemp is new, popular and has immense potential, but the course the hemp industry is taking is not yet clear. She likens the industry to a runner with brand new shoes and full of energy with no idea of the course. The hemp industry has captured the interested of many. A recent sales report shows that in 2019, CBD sales are expected to exceed $1 billion, which denotes a 133% increase above 2018 sales. By 2024, sales are forecasted to be $10 billion or more. The supply chain…

ThursdayOct 31, 2019 9:00 am

Licensed Hemp Farmer Accuses Canadian Bank of Illegally Closing His Account

Akeem Gardner is a licensed hemp farmer near Orangeville, Ontario. Gardner said that his account at the TD Bank was frozen after the bank accused him of illegal activities based on his outward appearance and other false accusations. He further said that when he was dressed in business attire, the bank never flagged him, but all this changed when he tried to transfer money to a merchant three weeks ago. In an interview with BBC, Gardener, who is a 6’4 black man, was dressed in a hoodie and a toque. He adds that people from minority groups come across these…

TuesdayOct 22, 2019 4:00 pm

Upsurge in Hemp Lobbying Observed After Legalization

For years, Ben Droz, alongside hemp trade association Vote Hemp, extolled the benefits of hemp along the streets of Washington, trying to rally enough support for the Industrial Hemp Farming Act, which would legalize hemp cultivation and production. Their message was simple; hemp is not the same as marijuana. They may come from the same plant species, but unlike marijuana, hemp contains minuscule levels of THC, the compound that gives users a psychoactive high when smoked or ingested. Over time, they were able to sway Former Rep. Ron Paul, Sen. Ron Wyden, and Rep. James Corner to their cause. Their…

TuesdayOct 15, 2019 4:00 pm

Alabama Starts Receiving Hemp Cultivation Applications

CBD is, without a doubt, one of the most versatile medical treatments of the century. It has slowly been gaining approval among the public, who after experiencing the numerous benefits associated with the cannabinoid, have been quick to share and spread awareness on the compound. For a long time, the industry remained undeveloped primarily because CBD was classified as a Schedule 1 controlled substance, and it was illegal to handle it in any form. Not to mention the stigma that came with it due to its association with cannabis and its primary psychoactive agent, THC. The Farm Bill of 2018…

ThursdayOct 03, 2019 9:00 am

Processing Challenges Could Cause Billions in Losses as Hemp Rots on Farms

Farmers in the United States have adopted the cultivation of hemp due to its increased prospects and abandoned mainstream crops such as soybeans which are ensnared in trade conflicts with other countries such as China. Therefore, in search of profitable alternatives, farmers have engaged in the widespread commercial planting of hemp. Cannabidiol (CBD), a hemp compound which is a nonpsychoactive ingredient of marijuana, is at the center of the wellness industry in which beauty products and dietary supplement makers are using cannabidiol in the manufacturing process. The Food and Drug Administration has not cleared the production of CBD infused foods…

TuesdayAug 20, 2019 9:00 am

Gov. Polis Outlines California’s Hemp Plan During Supplements Conference

A widely anticipated hemp and CBD supplements conference gave California Gov. Jared Polis a platform to reveal the direction in which he wants to steer the industry within the state. Governor Polis took to the podium and revealed that he wants to keep California ahead of the pack in terms of dominance of the hemp and CBD industry. The American Herbal Products Association organized the event at which the governor and his administration outlined what they planned to do to make California dominant in the hemp industry. The governor started by revealing that California has been exporting industrial hemp to…

MondayAug 19, 2019 9:00 am

Georgia Hemp Farming Act Prompts Police to Drop Marijuana Charges

When Gov. Brian Kemp signed Georgia’s Hemp Farming Act in May, little did he know the ripple effects that this law would have regarding the prosecution of marijuana cases in the state. By law, hemp is defined as cannabis whose THC content is less than 0.3 percent while marijuana has a higher percentage of the psychoactive compound (and that is why users get high). With the enactment of the hemp cultivation law, prosecutors around the state are announcing changes to the way they handle low-level marijuana cases. For example, the Solicitor General of Gwinnett County publicly announced that the county…

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