November 2019 - PsychedelicNewsWire (PNW)

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…

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…

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Month: November 2019