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.
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.
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”→
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”→
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”→
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) 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”→