Hemp farmers in Illinois were able to harvest 73% of their 2019 crop, despite swings in the weather that made farming not so favorable in the inaugural year of legal hemp production. According to a report released earlier this month by the Illinois Department of Agriculture (IDOA), Illinois farmers produced nearly 2.3 million pounds of […]
Happy 4/20 NORML Nation!
A CBD and terpene wholesaler in Pennsylvania has hired a former Zappos executive as part of a drive to expand its management team and market its cannabinoid formulations to large consumer products companies. Leetsdale-based Hemp Synergistics has brought on Allison Bentley, a former merchandising manager at e-commerce giant Zappos.com, to serve as vice president of […]
Use a small bank. Have all your paperwork in order. And apply for help even if you don’t know if you qualify. That’s the advice from Ross King, CEO of Kind Roots Botanicals, a toll processor in Wray, Colorado. King receieved a forgivable emergency loan from the U.S. Small Business Administration to keep his extraction […]
Mexican lawmakers now have until Dec. 15 to legalize marijuana and hemp _ a new deadline set by the country’s Supreme Court in light of the coronavirus outbreak. Late Friday, the Supreme Court announced the new deadline for legalization to happen during the lawmaker’s next scheduled session, which runs from Sept. 1 to Dec. 15. Only […]
Pressured to ensure a consistent food supply, the U.S. Department of Agriculture has announced an additional $19 billion for farmers affected by the pandemic. Most of the money is set aside for direct payments to farms producing milk, meat and produce, making it questionable how many hemp producers may be eligible for assistance. The new […]
Kansas has won federal approval to oversee hemp production in 2020, saying farmers have until June 1 to submit applications for growing hemp this year. The state submitted a plan several months ago, and then resubmitted it in April to make suggested changes. Kansas’ updated regulations charge hemp farmers $100 to apply, plus an additional […]
Hemp Industry Daily is providing a free calculator intended to help cannabis companies forecast their financial performance based on different revenue assumptions during the current economic tumult. The tool is designed to provide a snapshot of how a prolonged pandemic situation – or some other variable – might affect a business: If revenue drops 20%, […]
Virginia has joined other states in allowing CBD in food despite federal prohibitions. Gov. Ralph Northam recently signed the legislation that defines CBD as food and gives state regulators power to regulate the new industry. The Virginia Department of Agriculture and Consumers will be in charge of regulations and enforcement, including overseeing labeling requirements, identifying […]
(This is the final part of a series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries. Part Three compared hemp salaries with those in traditional commodity agriculture. Part Four reviewed compensation and recruitment strategies.) Farmers and businesses across the […]
