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Welcome to the Winter Hemp Summit – Winter Hemp Summit
About Colorado Winter Hemp Summit January 16, 2020 Join Colorado Hemp Company for the 2nd annual Winter Hemp Summit. Located at the Boulder Jewish Community Center, we’ll discuss the state of the hemp industry in a town-hall style meeting and provide a catered luncheon. 10 am Doors Open 11 am – 1 pm – Let’s Talk Hemp – Session 1 2019 Year-in-Review, Farm Bill Updates, CHAMP and Key Policy Insights 1 pm – 2 pm – Networking Lunch 2 pm – 4 pm – Let’s Talk Hemp – Session 2 2020-2021 Forecast, Policy, Regulations, Compliance, Market Opportunities and Growth 4:00 pm – 6 pm – Networking Hempy-Happy Hour Boulder Jewish Community Center 6007 Oreg Ave, Boulder, CO 80303 [...]
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Attorney to bankers: Be savvy about hemp growing before lending
WISCONSIN DELLS – While most farmers don’t think of growing industrial hemp as a “silver bullet” for farm income, many are interested in it as a way to diversify their farming operations and add another potential income-generating enterprise to their farms. For Wisconsin’s bankers, dealing with hemp growers poses some new challenges, which were outlined at a Wisconsin Bankers Association seminar Nov. 21 in Wisconsin Dells that attracted 145 state bankers. Scott Birrenkott, an attorney who is assistant director of legal affairs with the association, walked bankers through some of the things they might deal with if they have customers who want to grow hemp. First, he wanted them to know what hemp is (and what it isn’t). Though admittedly not a botanist, Birrenkott said hemp is a taller, skinnier plant with most of its leaves at the top while marijuana – hemp’s psychoactive cousin – is a bushier plant with broader leaves and budding flowers. “They come from the same ge [...]
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‘Hemp. We’re On It.’ campaign jabs at Gov. Kristi Noem in fight over hemp legalization
A new "Hemp. We're On It." website is taking aim at Gov. Kristi Noem's opposition to legalizing industrial hemp. The Libertarian Party of South Dakota created the website onhemp.org and "Hemp. We're On It." logo in November. Both mirror Noem's recent anti-meth campaign "Meth. We're On It," which included the website onmeth.com, that went viral in November "Misinformation" about industrial hemp is "everyone's problem," and it remains illegal in South Dakota due to Noem's "misguided stances," the Libertarian Party states on its website. "But we can approach this problem from different angles, so one person doesn't prevent our counties, towns and neighborhoods from benefiting from this versatile crop," the Libertarian Party stated. South Dakota is one of three states that haven't legalized industrial hemp. Legislators have a bill ready to be introduced during the next legislative session to legalize it, but Noem has already said she'll veto it. She vetoed a bill legalizing hemp in the 20 [...]
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Farm’s Vision Focused on Hemp
“I’m a big believer in hemp,” said Miller. “This is a product that can be used for so many things. People are now recognizing the benefits of CBD oil for many things from arthritis to seizures. There is so much more though. Fiber can be used for clothing, rope, building materials, paper and even food.” Miller hopes that hemp products will be central to the rural resort she has planned for the farm’s future and envisions luxury tents made of hemp fiber, hemp mats for yoga, and hemp robes. “I plan for this to become a luxury retreat; a place for people to come out to the country and get in touch with the land. There is nothing more fitting than having them use products made of a sustainable material like hemp and having them be surrounded by the very crop that goes into it,” she said. The first year has been a learning experience for Miller and her farm staff as hemp is a very labor intensive crop. The initial planting of 14,000 seeds per acre had some bare spots so ar [...]
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Penn State Extension hosting hemp conference in February
Penn State Extension will present a one-day conference on growing industrial hemp on Feb. 11 from 8:30 a.m. to 4 p.m. at The Chadwick in McCandless. The conference will focus on planting, growing and harvesting industrial hemp. Hemp was designated a legal crop in the 2019 Pennsylvania Farm Bill. There were more than 350 permitted growers for the 2019 season, according to Penn State. Jeffrey Fowler, a Penn State extension educator who is coordinating the event, said the conference will include information on hemp fiber, grain and production of cannabidiol (CBD) oil as well as plant health and nutrition. Speakers include Penn State faculty and staff who spent time in the field watching and learning from some hemp producers. A panel of producers will talk about their experiences in 2019 and what they will do differently next year. The cost is $75. For more information, visit the Penn State Extension website. The Chadwick is located at 10545 Perry Highway in Wexford. [...]
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What’s the future of industrial hemp in Minnesota? More growth
ST. CLOUD — The number of hemp growers in Minnesota increased from six to 343 since it became legal to grow industrial hemp five years ago. Whitney Place, assistant commissioner of the Minnesota Department of Agriculture, called those growers "pioneers" at a conference in St. Cloud on Tuesday. "A lot of the people in this room really took a chance," Place said. "And they're building an industry from scratch." As the industry grows, there is an increasing need for hemp processors — businesses that can convert the versatile plant into fiber, food, fuel, feed for animals as well as CBD, or cannabidiol, products. Recent changes in federal regulations free up the movement of hemp seed, cannabis plants and processed hemp products across state lines. It is an exciting time for hemp, with upcoming challenges and opportunities, said Joe Radinovich, executive director of the Minnesota Hemp Association, which put on the Minnesota Hemp Conference and Expo Tuesday. The event drew about 450 [...]
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Dallas-based Panda Biotech breaks into hemp business, plans a giant industrial facility
A Dallas-based company is tapping into the Texas’ nascent hemp industry with a new industrial facility that will process the plant and turn it into a material that can be used for clothing, car parts and insulation for houses. Panda Biotech will open the 255,000-square-foot facility in Shallowater, a small town that’s 12 miles northwest of Lubbock. It will finalize its purchase of the building in early 2020 and begin processing within a year, company spokesman Bill Pentak said. Texas’ hemp industry is poised to grow after state lawmakers legalized the crop this year. Gov. Greg Abbott signed the bill into law in January — but farmers are still waiting for the U.S. Department of Agriculture’s approval of the state program and Texas’ adoption of rules. Texas Agriculture Commissioner Sid Miller said this week that the state will begin issuing licenses to grow hemp in early 2020. Hemp is a type of the cannabis. It’s related to marijuana but has low or untraceable amounts of te [...]
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Hemp Grower
NOTE: this is a "must subscribe" publication if you have real interest in Industrial Hemp. Supporting legal hemp cultivators with: industry trend analysis, business strategy, expert cultivation advice, extraction, marketing, financial topics, and legal issues. HG’s mission is to support legal hemp cultivators by providing actionable intelligence in all aspects of the business—from regulatory news to analysis of industry trends and business strategy, as well as expert advice on cultivation, extraction, marketing, financial topics, legal issues and more. HG focuses strictly on the business of legal hemp and aims to provide timely information—through its website, e-newsletter, print magazine and annual Cannabis Conference—to help the reader make timely, informed decisions to help them run their hemp businesses more efficiently and more profitably. The first issue of Hemp Grower will be published and distributed to subscribers in late 2019. [...]
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Police & D.A. Confusion About Hemp Law Could Cost Local Business Owner His Livelihood
A local business owner says he'll soon be forced to shutter his thriving CBD company, after the Brooklyn District Attorney declined to dismiss charges stemming from a massive shipment of hemp mistakenly seized by the NYPD. Oren Levy, a licensed recovery specialist and owner of Green Angel CBD, says the confusion started last month, when the NYPD gloated on Twitter of intercepting 106 pounds of marijuana "destined for our city streets." In reality, Levy says, the cops unwittingly confiscated a massive shipment of hemp he had ordered legally from a Vermont farm. Upon learning of the apparent misunderstanding, Oren's brother, Ronan Levy, went to the 75th precinct on November 2nd to retrieve the product. Instead, he was handcuffed and charged with felony marijuana possession. After the brothers spread word of the error to the press—and produced paperwork backing up their claims—Brooklyn District Attorney Eric Gonzalez's office signaled that the charges would be dismissed. But when the [...]
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DEP, City of Jeannette again order closure of hemp facility
The City of Jeannette and the state Department of Environmental Protection have separately ordered a controversial hemp-drying facility in Jeannette to close. The DEP issued its order Monday, telling facility owner Patriot Shield to cease operation within 48 hours. The order prohibits the company from receiving, processing or storing hemp. The DEP previously issued two notices of odor violations to the company for the strong marijuana-like smell around the Thomas Avenue warehouse. To resume operations, the company must submit a plan to install and operate air cleaning devices. The DEP would need to review the plan and issue a permit. “While hemp drying facilities are relatively new operations in this area, they must follow Pennsylvania’s air quality regulations by obtaining DEP authorization through a request for a determination or an application for an air quality plan approval prior to installation and operation of any air contamination source or air cleaning device,” the depar [...]
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S.D. lawmakers take 2020 aim at legalizing industrial hemp
PIERRE, S.D. (KELO) — Lawmakers on a 10-1 vote Monday decided to take another run at legalizing industrial-level hemp in South Dakota next year. Republican Governor Kristi Noem vetoed similar legislation in March, warning its passage would open the way to legalizing marijuana. But House Republican leader Lee Qualm of Platte said Monday that CBD oil from low-THC hemp relieves pain and isn’t addictive like opioids can be. “I think CBD oil is here to stay,” Qualm said. He called it “a good thing” and noted vitamins aren’t federally regulated. Senators fell four ayes short of the two-thirds majority needed to override the veto. The governor lost one of her backers Monday. Senator Rocky Blare, an Ideal Republican, supported the 2020 version. He twice voted with Noem this year. The six-page draft would again allow producing, transporting and processing hemp in South Dakota, if the crop’s THC content is at three-tenths of one percent or less. There also would be licensing back [...]
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Regulators Detail Banking Rules For Hemp Firms | PYMNTS.com
Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act (BSA) for financial institutions (FI) offering services to those businesses, the Office of the Comptroller of the Currency (OCC) said in a joint agency press release on Tuesday (Dec. 3). Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp. Financial institutions should follow standard SAR procedures and submit a report only if there is questionable behavior. The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S. Department of Agriculture’s (USDA) interim final rule on hemp production. It also clarifies the BSA guidelines when offering financial services to hemp-related businesses. [...]
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New Report on Hemp Shows the Crop’s Vast Potential, but Also Severe Supply-Chain Issues
A new report published by the Oregon-based firm Whitney Economics says commercial hemp cultivation has the potential to become the nation's third most lucrative crop in coming years. But it also warns that 65 percent of the American hemp growers surveyed didn't have a buyer for their crop. This raises the possibility of a glut, similar to the oversupply of cannabis that has driven down Oregon's prices ("Too Much Weed," WW, April 18, 2019). But it also might just be a "hiccup," says Beau Whitney, who owns the economics firm and oversaw the report. Another issue, the report says, is the inconsistent status of hemp regulations and rules across states. Individual states can still prohibit the cultivation of hemp, making transportation across states where it's illegal a risky endeavor. "Issues of crop insurance, banking, FDA regulation of CBD, interstate transportation, and confusion by law enforcement have surfaced in recent months," the report reads. But despite the setbacks, Whitney says [...]
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Hempwood | Fibonacci, LLC.
Our Mission Fibonacci, LLC aims to be a catalyst for a wave of innovation consumed by the idea that our cultural shift towards a more sustainable way of living is no longer a luxury, but a requirement. By using the algorithm of a tree, we have reverse engineered the natural growth cycle of plant-based materials and utilized bio-mimicry to transform hemp fibers and protein based bonding agents into a viable wood substitute that is 100 times faster to grow and 20% stronger than oak. With all typical wood applications being the core function of HempWood, the possibilities are nearly endless. Hemp With Bamboo Roots The idea of using hemp as a sustainable wood substitute was inspired by the experiences of our founder, Greg, while he was working for a bamboo flooring company years ago. Since then, Greg and his development team have worked tirelessly adapting the process of creating bamboo-based lumber into one that utilizes different plant species instead, like eucalyptus and hemp (patented [...]
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Hemp is the New Oak: America’s First Hemp “Wood” Factory is Being Built
“HempWood” is 20 percent harder than oak, and grows 100 times as fast. It’s a sustainable alternative for hardwood furniture, flooring and more. Now that it’s legal to grow hemp in the United States, a man who’s spent the last decade developing hemp “hardwood” is building a $6 million factory to manufacture the product en masse. His patented product called “HempWood” is made out of compressed hemp pulp fibers, held together with a soy-based glue. While that may sound like some newfangled version of particle board, it’s not. It looks and feels like oak, but is actually 20 percent harder than the famous hardwood tree. It also grows 100 times as fast. While it takes an oak tree at least 6 decades to mature, it takes hemp 6 months. Thats good news for oak trees, as they are among the most endangered trees in the planet because of the high demand for solid oak furniture. The owner of the new start up company Fibonacci, Greg Wilson, was a pioneer in the bamboo floo [...]
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Michigan hemp mattress firm navigates challenging hemp fiber market
A Michigan company hopes to be at the forefront of industrial hemp textile and fabric adoption by marketing hemp mattresses to millennials. However, short supply of hemp fiber for textiles and fabric is creating challenges for the company and driving up the price. “When we went on the hunt for the ingredients to build the bed, the supply was almost zero,” said Josh Thompson, CEO of 420bed in Portage, Michigan. “It’s really pretty incredible to me, with all the various production that goes on in various areas of the country, that hemp is not much deeper into the supply chain from a textiles standpoint than it is.” [...]
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Behind the scenes in a Kentucky ornamental powerhouse that converted to hemp
The new hemp industry is attracting some powerhouse players in agriculture, and Hemp Industry Daily went behind the scenes to see how one of the most intriguing partnerships is going. The operation planted about 5 million high-yield CBD hemp clones on more than 1,800 acres of outdoor fields in central Kentucky, all within 15 miles of the greenhouse. In January, AgTech Scientific will roll out CBD formulations for the food and beverage industry and its own proprietary brands. Currently the company is using a 30,000-square-foot extraction facility, which it plans to close upon completion of the first phase of a new 50,000-square-foot facility by the end of 2019. [...]
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