January 2020 - PsychedelicNewsWire (PNW)

FridayJan 31, 2020 4:00 pm

Thai Government Legalizes Industrial Hemp

After hemp was removed from the list of controlled substances under Section 5 of the Narcotic Act in 2019 by the Public Health Ministry, the cabinet approved a ministerial regulation permitting production, importation, and exportation of hemp. The Office of the Narcotics Control Board (ONCB) defines hemp as a Cannabis sativa L plant, which contains less than 0.5% of THC in its flowers and stem and not more than 0.3% of THC in the buds. CBD is the main active ingredient found in hemp, and it is non-psychoactive. It is believed to possess healing potential as it can be used…

ThursdayJan 30, 2020 4:00 pm

British Architects Build Sustainable Home Using Hemp

Hemp is slowly but surely carving a spot for itself as one of the most versatile raw materials we've seen in recent times. The plant has had a complicated history due to its close resemblance to marijuana, but attitudes are slowly changing. Although the two cannabis varieties look identical, the major difference between the two cannabis cousins is in their THC levels. THC, or delta-9 tetrahydrocannabinol, is a chemical produced by cannabis, and it is responsible for the psychoactive high marijuana is famous for. Hemp produces reduced amounts of this chemical. Extremely versatile in application, hemp has been said to…

ThursdayJan 30, 2020 9:00 am

New eSchool Seeks to Educate Financial Service Providers About Cannabis Businesses

The road to mainstream acceptance hasn't been easy for cannabis. The industry has made a lot of steps in the right direction, but there's still a long way to go. For decades, the crop was classified as a controlled substance, right next to hard drugs like heroin and cocaine, and this has cast a shadow that cannabis hasn't been completely able to shake off. As 2018 drew to a close, Congress passed the Farm Bill, legislation that legalized industrial hemp and allowed farmers to grow it under state and tribal programs. One condition was that the hemp had to have…

WednesdayJan 29, 2020 9:00 am

Hemp Prices Plummet as Supply Exceeds CBD Demand

According to the CEO of PanXchange, Julie Lerner, hemp prices are on a downward turn due to the oversupplied hemp markets, and regardless of highly-priced CBD products such as $70 foot cream. In July last year, before the 2019 harvest hit the market, hemp biomass was selling at $40 per pound. However, a pound of hemp biomass is now going for $10, which is triple the drop from 2018 to 2019, said Lerner. The CBD consumer market is limited because the United States Food and Drug Administrations has prohibited the infusion of food or dietary supplements with CBD, but some…

TuesdayJan 28, 2020 4:00 pm

Delaware Awaits USDA Approval for its Hemp Program

Hemp had been banished to the list of controlled substances for decades before the 2018 Farm Bill changed everything. The legislation classified industrial hemp as cannabis with less than 0.3% THC (delta-9 tetrahydrocannabinol). THC is the chemical responsible for marijuana's psychoactive high, and according to the regulations laid out by the Farm Bill, legal industrial hemp has to have minuscule amounts of the chemical. Apart from the THC limits, the legislation also instructed states and tribes to create their own hemp programs and submit them starting December 2, 2019, to the U.S. Department of Agriculture (USDA) for approval. The USDA…

TuesdayJan 28, 2020 9:00 am

New Italian Law Sets Limit for THC in Hemp Edibles

Cannabis has been dominating the conversation a lot lately. Not only do more people use cannabis and cannabis products than ever before, but a number of countries have already legalized adult recreational use, with more working on legalization policies. Hemp, a variety of cannabis with minuscule levels of THC (delta-9 tetrahydrocannabinol), has been subject to intense interest. The variety is insanely versatile, with applications ranging from construction and manufacturing to nutrition. While marijuana has higher levels of THC, the chemical that makes you high, hemp has increased levels of cannabidiol (CBD). The chemical isn't psychoactive, but it is said to…

MondayJan 27, 2020 9:00 am

Texas A&M University Scientists Devise Tool to Distinguish Hemp from Marijuana

Scientists from Texas A&M University have developed a device that can tell the difference between legal hemp and illicit marijuana in seconds. The assistant professor in the department of biochemistry and biophysics at Texas A&M University, Dmitry Kurouski, said that his team developed a technology that is non-invasive and non-destructive, which are two of the most important factors for law enforcement officers when they are performing on-site identification of marijuana. Lee Sanchez, who is the research assistant credited with developing this device that is the size of a lunchbox, said that using the tool is straightforward. You need to place…

ThursdayJan 23, 2020 9:00 am

New Trade Deal Compels China to Buy More US Hemp

For years, China has been the primary source of hemp imports into the United States. However, on Wednesday, China entered into a new trade agreement with the U.S. which requires it to buy more of the non-psychoactive marijuana crop from the U.S. Hemp was federally legalized in the U.S. under the 2018 Farm Bill. On Wednesday, China signed an international trade agreement, which requires them to import hemp on a large scale as well as other agricultural products listed in the contract. According to the accord, both parties acknowledge that the agreement would result in trade and economic structural changes…

WednesdayJan 22, 2020 4:00 pm

Initial Tests Find Lots of Arizona Hemp ‘Hot’

When the 2018 Farm Bill legalized industrial hemp, it had only two conditions; first, farmers had to grow the plants under approved state or tribal programs, and two, the hemp had to have less than 0.3% THC. THC, or delta-9 tetrahydrocannabinol, is one of the cannabinoids produced by cannabis, and it's what gives marijuana its psychoactive kick. The U.S. Department of Agriculture furthered this stipulation with its interim final rule, terming hemp that's exceeded the THC limit as 'hot'. This has been a subject of intense contention among growers and other interested parties. Some argue that with the current genetics,…

FridayJan 17, 2020 4:00 pm

Missouri Farmers Welcome Launch of Hemp Crop

Bryan Kurz, a Missouri farmer, didn't know what he was getting himself into when he grew small amounts of hemp for research last year under the state's hemp pilot program. Now, he receives several calls a day from farmers eager to join the hemp bandwagon. "I can't even tell you how many people I talk to each day," he says. "I bet I get five calls a day minimum." There has been significant interest in hemp across the country, especially after the 2018 Farm Bill legalized industrial hemp. Under the legislation, farmers could grow and sell hemp under state and…

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Month: January 2020