CBD Consumers Using Medications Less Often, Cutting Back On Alcohol

Booming interest in products containing cannabidiol (CBD), a therapeutic chemical compound found in cannabis, has resulted in over half of CBD users consuming less prescription and over-the-counter (OTC) medications and supplements, along with over 20% of CBD users consuming alcoholic beverages less frequently, according to a new study by cannabis consumer insights consultants High Yield Insights (HYI). Continue reading “CBD Consumers Using Medications Less Often, Cutting Back On Alcohol”

Hemp Is Next: Colorado Wants More Than Marijuana Prominence

Already known as one of the country’s marijuana capitals, Denver is a heavyweight in the hemp industry, too, and that status is on full display at the NoCo Hemp Expo this weekend.

After five years in Loveland, the NoCo Hemp Expo moved to Denver in 2019. The Crowne Plaza DIA‘s parking lot was packed and its event center bustling on Friday, March 29 — and that was just the industry-only day. The conference is open to the general public today, March 30, with over 220 hemp and CBD vendors peddling everything from hemp clothing and shoes to CBD extraction technology. Continue reading “Hemp Is Next: Colorado Wants More Than Marijuana Prominence”

Arcadia Biosciences Receives Its First Industrial Hemp Program License in Hawaii

Building on last week’s launch of Arcadia Specialty GenomicsTM, a new cannabis-dedicated division of the agricultural food ingredient company, Arcadia Biosciences, Inc.(NASDAQ: RKDA), today announced that it has been granted an Industrial Hemp Pilot Program (“HIHPP”) License by Hawaii’s Department of Agriculture. The license allows for the cultivation of industrial hemp in Hawaii for the purposes of agricultural and academic research. Hemp and hemp products produced under the program may be commercially sold. Continue reading “Arcadia Biosciences Receives Its First Industrial Hemp Program License in Hawaii”

The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill

The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law.  One of the major components of this legislation of industrial hemp.  This blog post will mainly focus on what the tax implications of this legalization and contrast tax differences of a federal legal hemp business versus a federally illegal business subject to section 280E.  Continue reading “The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill”

CBD: Don’t Wait For Direction, Move Forward

With a double-digit annual growth rate and products available nation-wide, cannabidiol (CBD) presents the cannabis industry with an opening to mainstream consumers and distribution channels, especially nonpsychoactive CBD derived from hemp. With a broad variety of health claims, CBD products give the industry access to a cross-section of consumers using prescription medications and shopping for supplements, nutraceuticals, analgesics and other OTC solutions. Continue reading “CBD: Don’t Wait For Direction, Move Forward”