Texas Governor Signs Bill to Allow Farmers To Legally Grow Hemp

Republican Governor Greg Abbot of Texas signed a bill on Monday that will allow farmers in the state to legally grow hemp. The measure, House Bill 1325 (HB1325), also removes hemp from the state’s list of controlled substances and legalizes cannabidiol, or CBD, and products made with the cannabinoid.

HB 1325 was passed by the Texas House of Representatives in April and approved by the state Senate the following month. The bill received unanimous support in both houses of the legislature. Continue reading “Texas Governor Signs Bill to Allow Farmers To Legally Grow Hemp”

Charlotte’s Web Says Friday TSX Listing ‘A Milestone For The Overall Industry’

Charlotte’s Web Holdings, Inc. (OTC: CWBHF) followed up its first-quarter report with an announcement Wednesday that it will begin trading on the Toronto Stock Exchange May 31. Continue reading “Charlotte’s Web Says Friday TSX Listing ‘A Milestone For The Overall Industry’”

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”

Martha Stewart partners with Canadian cannabis company

Ever since Martha Stewart teamed up with Snoop Dogg and became America’s Cool Weed Grandma, people have wondered: When will the cooking show host take the next logical step and create a line of gourmet cannabis edibles?

When The Washington Post posed the question to her in 2017, just before the second season of “Martha and Snoop’s Potluck Dinner Party,” she demurred: “I’d rather do a line of my own hydrangeas or my own tulip bulbs,” she said.

A year and a half later, she’s taking the plunge – kind of. Continue reading “Martha Stewart partners with Canadian cannabis company”

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”

From horse to hemp: Colorado rancher eyes second calling

After a long and successful career up on the saddle training horses and their owners across the country, John Lyons wanted nothing more than to retire, ride off into the sunset and sell his 70-acre Parachute ranch for the next generation to take the reigns.

Known far and wide as “America’s Most Trusted Horseman,” last year Lyons moved forward with his plans to sell, even meeting with a potential buyer who felt the ranch could be a great location for a hemp and CBD (Cannabidiol) oil facility. But when Lyons began reflecting on his life and retirement he knew he wasn’t ready to walk away from his home for the past 40-plus years. Continue reading “From horse to hemp: Colorado rancher eyes second calling”

This Hemp Company Wants To Hire Growers With Marijuana Convictions

People with marijuana convictions on their record often have a difficult time finding gainful employment. Sure, a number of states have legalized marijuana. But pot offenders are often treated like pariahs when looking for work. It is for this reason that one hemp company wants to hire growers with marijuana convictions. The goal is to put their felonious talents to work in the legitimate medical marijuana industry. Continue reading “This Hemp Company Wants To Hire Growers With Marijuana Convictions”

Hemp Inc (OTCMKTS:HEMP) Closes Out the Year With a Bang

Hemp Inc (OTCMKTS:HEMP) has begun to capture some investment flows once again, pushing shares higher to close out the action for the year of 2017. For the company, it has tied its fate to legislation surrounding industrial hemp. In a recent press release, the company points out progress on that front, citing positive legislative developments in California, Wyoming, Arkansas, Pennsylvania, North Carolina, and Hawaii. Continue reading “Hemp Inc (OTCMKTS:HEMP) Closes Out the Year With a Bang”

Colorado grows twice as much hemp as any other state

Colorado grows almost 40 percent of all the hemp in the country, and more than twice as much as any other state.

Not to be confused with its more famous and psychotropic cousin, marijuana, hemp is used for items ranging from medication and medical research to textiles.

Advocacy group Vote Hemp’s 2017 Hemp Crop Report says hemp cultivation more than doubled this year, from 9,770 acres nationwide in 2016, to 23,346 acres this year. Colorado’s hemp acreage is up from 5,921 in 2016 to 9,000 this year. Continue reading “Colorado grows twice as much hemp as any other state”