Hemp CBD Companies Should Worry About FDA, Not DEA, Intervention
Wed / Feb 8th
It’s been nearly two months since mainstream media outlets and several cannabis publications published headlines claiming that the Drug Enforcement… Read More
Hemp Industry News
Hemp news for professionals and investors. Learn about the latest policy, scientific, and business developments related to hemp cultivation and processing in the United States and around the world. From medicine to textiles, this plant has the potential to create momentous changes in the global economy while providing a more environmentally-friendly alternative to many existing technologies.
DEA Violating Court Orders by Regulating Hemp
Tue / Feb 7th
The Hemp Industry Association has filed a lawsuit against the DEA seeking to hold the agency in contempt of court… Read More
Oregon Commission Bars Cannabis-Infused Alcohol, Hemp OK
Mon / Feb 6th
The Oregon Liquor Control Commission will allow alcohol brewers and distillers to use hemp in their products but have declined… Read More
Report: North American Cannabis Industry Could Experience 33% Annual Growth through 2021
Tue / Jan 17th
According to a Market Research Future report, the North American cannabis market could grow at a compound annual growth rate… Read More
Thailand Approves Hemp Cultivation as Part of Drug Reforms
Wed / Dec 28th
Thailand’s cabinet has approved hemp cultivation for medicinal purposes under an Office of Narcotics Control Board plan, the Bangkok Post… Read More
Bill Removing Hemp from State Drug Schedule Pre-Filed in New Hampshire
Tue / Dec 27th
A coalition of Republican lawmakers in New Hampshire has pre-filed a bill that would prohibit hemp’s designation as a controlled substance… Read More
DEA: Rule Change Prioritizes CBD Research
Wed / Dec 21st
The DEA says that the rule change, published last week which changed the agency’s code for cannabis extracts, will make… Read More
Cannabis Sativa Inc. Buys California Property for Hemp Farm
Tue / Dec 20th
Cannabis Sativa, Inc. has entered into an agreement to acquire a 49 percent ownership stake in a 9-acre property in… Read More
Japanese Prefecture Ends Hemp Growing Program After Cannabis Arrests
Mon / Dec 19th
The industrial hemp program in Japan’s Tottori Prefecture is being shuttered after the president and two employees of one of… Read More
Hemp and MMJ Bill Introduced in Costa Rica
Mon / Dec 19th
Note: This piece was updated on 12/20/16. The previous version of the article did not mention prohibitionist stall tactics in… Read More
Applications Open for North Dakota Industrial Hemp Program
Fri / Dec 16th
The North Dakota Department of Agriculture is accepting applications for participation in its industrial hemp program, according to a Bismarck… Read More
Did the DEA Just Outlaw Hemp-Derived CBD?
Wed / Dec 14th
A new rule published by the DEA today led many in the cannabis industry to assume the worst – that… Read More
CBD Market Could Hit $3 Billion by 2021
Tue / Dec 13th
According to some cannabis industry experts, the U.S. CBD market could reach between $2.1 billion and $3 billion by 2021,… Read More
CSU-Pueblo Launches Institute of Cannabis Research
Wed / Dec 7th
Colorado State University-Pueblo’s Institute of Cannabis Research is now operational, according to a Colorado Public Radio report. The institute is… Read More
Australian MMJ Producer Moving to Kentucky
Mon / Dec 5th
Ecofibre, Australia’s largest medicinal cannabis producer, is moving its operations to Kentucky, according to a Business Insider report. The company… Read More
Researchers Plant Nebraska’s First Legal Hemp Crop
Tue / Nov 15th
Researchers at the University of Nebraska-Lincoln have planted 150 hemp plants on the college’s East Campus, according to a report… Read More
New Zealand Grants License for Third Hemp Trial
Wed / Nov 9th
New Zealand’s Hikurangi Enterprises has been granted a license from the Health Ministry to grow a trial crop of hemp… Read More
North Carolina Hemp Grower Secures Early Buyer for Next Year’s Crop
Mon / Oct 31st
Industrial Hemp Manufacturing, LLC has signed a Letter of Intent to purchase the 1,000 acre-plus hemp crop planted by BioRegen… Read More
Cannabis and Hemp Association Opens Upstate NY Chapter
Tue / Oct 11th
The Cannabis and Hemp Association has opened a chapter in Albany, New York, according to a report from NPR-affiliate WAMC.… Read More
North Dakota Hemp Harvested Under Ag Department Pilot Program
Thu / Sep 29th
North Dakota farmers are harvesting their first legal hemp crops under the state Agricultural Department’s experimental program, according to a… Read More
Kentucky Ag Commissioner Objects to New USDA Hemp Rules
Wed / Sep 14th
Kentucky’s Agriculture Commissioner has sent a letter to the USDA outlining his objections to the body’s new ‘Statement of Principles’… Read More
First Hemp Seeds to Consistently Produce Low Enough THC Levels Certified in Colorado
Thu / Sep 8th
The Colorado Department of Agriculture has certified its first domestic hemp seeds that reliably produce plants low enough in THC… Read More
Botanical Genetics Expands Hemp and Cannabis R&D Program
Thu / Sep 8th
Botanical Genetics, a wholly-owned subsidiary of the 22nd Century Group, has expanded its cannabis research program aimed at developing propriety… Read More
Uruguayan Cannabis Company Diversifying with Hemp Crops
Thu / Aug 25th
One of the two marijuana producers in Uruguay is betting that the hemp market will be more lucrative than the… Read More
Why is the future of industrial hemp so exciting?
Many people believe that industrial hemp cultivation will radically transform our society. From textiles, to plastics, to medicine, and beyond, the potential applications of this one plant seem limitless.
Also, changing existing production models for many consumer and industrial products to a hemp-based production model would lead to a major reduction of carbon emissions and pollution, aiding in the fight against climate change.
Because the cultivation of hemp had been outlawed in most places until recently, the vast potential applications for this material also represent immense opportunities for innovators and early-movers to build a successful business.
What is the Farm Bill?
Passed in 2018, the “Farm Bill” effectively legalized hemp within the United States after it had been outlawed for over half a century. Until recently, the U.S. government did not distinguish between “marijuana” and “hemp” — which are, after all, the same plant — but with the new designation, any plant with less than 0.3% THC is deemed “hemp” and is no longer prohibited.
Although it is no longer illegal, the path to becoming a cultivator of industrial hemp is not a very accessible one. Currently the U.S.D.A. has partnered with several state agricultural programs to approve several “pilot programs” where licenses to grow hemp are awarded to businesses. The process to acquire a license may vary from state to state, but it is nothing like starting a small farm to grow tomatoes and pumpkins.
What is this website all about?
Ganjapreneur is a resource for cannabis and hemp professionals to keep up on the latest industry news and developments in the world of business, policy, and science. Our mission is to work toward a cannabis industry that is ethical, inclusive, and sustainable.
Do you own a cannabis or hemp industry business? Sign up for our newsletter, and create a profile in our business index to get discovered by new clients!
