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”

How legalization of hemp can help New York industry

Trees with fading leaves of early fall surrounded a wide field near Livingston at Old Mud Creek Farm, the home of Hudson Hemp. The site is one of the few legal hemp farms in the state, and may be a harbinger of what could become an agricultural economic driver in New York.

“Hemp has tremendous potential, but what it represents is a rethinking of many of our systems for industrial inputs,” Benjamin Dobson, CEO of Hudson Hemp, said. “America desperately needs another commodity crop.” Continue reading “How legalization of hemp can help New York industry”

Delaware bill allowing industrial hemp farming now law

A measure to legalize marijuana was not passed the last legislative session, but a bill paving the way for industrial hemp and another bill allowing for the expungement of marijuana-related convictions were. Gov. John Carney has recently signed them both into law. Continue reading “Delaware bill allowing industrial hemp farming now law”

Medical Marijuana Inc (OTCMKTS:MJNA) Seeing Strong Data From CBD Oil

Medical Marijuana Inc (OTCMKTS:MJNA) saw a 3% price kick Thursday on above average volume. MJNA announced that a recent clinical study conducted by renowned Mexico neurologist, Dr. Carlos G. Aguirre-Velazquez, successfully utilized its flagship THC-free product Real Scientific Hemp Oil-X.

“Each time new study results are published showing the positive effects of CBD on a new indication is a victory for showcasing the therapeutic benefits of CBD and people around the world suffering from a multitude of debilitating conditions,” said Dr. Stuart Titus, CEO of Medical Marijuana, Inc. Continue reading “Medical Marijuana Inc (OTCMKTS:MJNA) Seeing Strong Data From CBD Oil”

How hemp is slowly becoming the new tobacco for Kentucky farmers

It looks like pot. It smells like pot. But it’s hemp, marijuana’s legal cousin, and it’s taking over the Bluegrass state.

Across the rolling hills of Kentucky, which just two decades ago was the most tobacco-dependent state in the country, farmers are planting less of the crop after growing health concerns shrunk demand. Instead, they’re increasingly turning to hemp and have more than doubled sowings of the cannabis variety in 2016 to become the No. 2 producer in the U.S., trailing Colorado. Continue reading “How hemp is slowly becoming the new tobacco for Kentucky farmers”