December 2019 - PsychedelicNewsWire (PNW)

MondayDec 23, 2019 11:24 am

MCTC Holdings Inc. (MCTC) CEO Praises Cannabis Infusion Technology Company’s Direction in Year-End Shareholder Letter

MCTC Holdings Inc. is raising a toast to its advances and plans for 2020 in a year-end letter to shareholders that recaps the company’s management restructuring and change in strategy during the past year MCTC has filed for a fifth patent for its Hemp You Can Feel product line as it continues developing mechanisms for using microparticle and nanoparticle technology to make cannabinoid compound delivery to the bloodstream more effective The company is preparing to change its company identity to Cannabis Global, Inc., and to introduce several new direct product offerings based on its IP technologies, including glycosides and nanoparticles…

MondayDec 23, 2019 9:00 am

University of Wisconsin Starts Hemp Research

The 2018 Farm Bill was a game-changer for the country's agricultural sector. Tucked away among the pages of the bill was the Hemp Farming Act, legislation that classified cannabis with less than 0.3% THC levels as industrial hemp. The bill gave farmers in all states and tribes the green light to grow hemp under state and tribal programs, and grow they did. Hemp is insanely versatile, some say with more than 2,000 uses. Apart from its industrial uses such as making bioplastics and fabrics, hemp is quite known for the cannabinoids it produces. The most known ones are THC (delta-9…

WednesdayDec 18, 2019 9:00 am

Oregon Hosts Hemp Researchers from China

There's a cannabis revolution going on, and cannabidiol (CBD) is at the helm. For the past few years, cannabis has been gaining popularity, not as a recreational drug, but as a medicine. The 2018 Farm Bill began the revolution, classifying hemp with less than 0.3% THC (delta-9 tetrahydrocannabinol) as hemp. THC is the compound responsible for cannabis' psychoactive high. Industrial hemp and all its extracts became fair game, legal to plant, market and sell. In the year since industrial hemp and all its extracts became legal, the market for CBD has grown to insane proportions, and it's expected to hit…

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…

News and publishing service for psychedelic related companies

Contact us: 415.949.5050

Month: December 2019