DENVER — It’s a giddy time for the U.S. hemp industry.
Farmers are planting more acres. Businesses are selling more products.
And with Congress on the brink of fully legalizing hemp, industry insiders are eagerly anticipating a boom.
But even if the legalization provisions in the 2018 farm bill pass, hemp will remain a tightly regulated crop facing plenty of regulatory and legal challenges.
Cannabidiol, or CBD, has been increasingly recognized for health benefits that have seemingly countless applications, from addressing mild to severe anxiety or inflammation to treating more serious, chronic diseases. So, where does CBD come from
CLEVELAND – An alert about a popular remedy used to help with mental and physical ailments: some stores in Northeast Ohio are pulling CBD oil from their shelves following a new warning from the Ohio Board of Pharmacy.
For folks who use the product, which comes from cannabis, the move is creating controversy.
This week, the board sent out a reminder to gas stations, stores, pharmacies and restaurants that the sale of CBD oil is illegal.
But one criminal defense attorney says not so fast.
News 5 found out that it really boils down to the interpretation of the law and what’s in the oil.
Cannabidiol, a compound of marijuana that does not get the user high, is becoming popular in consumer products but needs more research, experts say.
ONTARIO — The marijuana form of cannabis has received a lot of press, as of late, with the drive to allow its growth and sales, but hemp is catching up as it is coming into favor as a crop which can be made into a variety of products, including a medicinal oil which is being used to control medical conditions, such as seizures.
Both hemp and marijuana are cannabis, but hemp has levels less than 0.3 percent THC, the mind-altering substance of cannabis. Any cannabis with more than 0.3 percent is marijuana, according to Ben Fortner, of Ontario, who is working to grow hemp.
Fortner, who is with MalheurCan, spoke about both kinds of cannabis, during the Ontario Area Chamber of Commerce Ag Forum, Thursday at the Clarion Inn, but most of his focus was on hemp.
HTF MI released a new market study on Global Cannabidiol Oil Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Cannabidiol Oil Forecast till 2025*. Some are the key players taken under coverage for this study are ENDOCA, CBD American Shaman, Gaia Botanicals, Isodiol, Medical Marijuana, Aurora Cannabis (AC), Cannoid, Canopy Growth Corporation, CV Sciences, IRIE CBD, Elixinol, NuLeaf Naturals, PharmaHemp & Folium Biosciences.
The Hemporium Boutique has pulled all hemp oils from its shelves — roughly half its business, says the owner — after law enforcement issued an ultimatum to stop selling the products.
“They came in the door yesterday morning to our Rapid City store and knew exactly what they were doing,” store owner Leonard Vandermate said Wednesday.
Vandermate said he then proceeded on Tuesday to pull the various products comprised of an extract of the cannabis plant called cannabidiol, or CBD, from both his Rapid City and Spearfish stores. CBD oils are hemp extracts used as chronic pain relievers, for people and pets but are not psychoactive. Hemporium Boutique, until Tuesday morning, sold products from Green Roads, a leading manufacturer of CBD oils, edibles and topical creams.
Kansas took its first step this week in joining 40 other states in the U.S. that are growing industrial hemp, according to a spokesperson for the Kansas Department of Agriculture.
A law passed by the Legislature and signed by Gov. Jeff Colyer on April 20 — the unofficial holiday for hemp’s psychotropic cousin, marijuana — allowed research-based production of industrial hemp in Kansas. The production of hemp, which does not share the “high” inducing chemical compounds of marijuana, will be monitored by the Kansas Department of Agriculture.
http://www.gctelegram.com/news/20180916/kansas-takes-step-toward-industrial-hemp-production
Despite the fact hemp has been miscategorized as a narcotic for decades, more people are going into the hemp business than ever before. Most states in the United States have some laws on the books pertaining to hemp research or industry or both, and it’s not just the states where cannabis has become legal. To date 32 Universities are doing hemp research, and last year alone more than 25,000 acres of hemp were grown in the United States. Learn more about the booming business of hemp!
ttps://www.equities.com/news/why-the-hemp-business-is-booming
Spring Hope, NC, Sept. 13, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Hemp, Inc. (OTC PINK:HEMP), a global leader in the industrial hemp industry, announced today the company has safely secured its existing biomass, industrial hemp and kenaf in North Carolina through strategic partnerships with existing storage warehouses in preparation from the brunt of Hurricane Florence. While the Carolina coast expects winds reaching up to 80 miles per hour and torrential rain, Hemp, Inc. executives want to assure everyone that the storm’s possible effect to industrial hemp crops in North Carolina will definitely not affect other cultivation and manufacturing operations the company has created. With its footprint across the United States, Hemp, Inc.’s bottom line will remain intact thanks to the hundreds of thousands of pounds of hemp growing in Oregon on farms surrounding Hemp, Inc.’s new processing center, almost 3,000 miles away.