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September 4, 2020

NEW & NOTEWORTHY

IRB Approved Observational CBD Safety Study is Now Underway

HIA member ValidCare announced enrollment has been initiated on the national clinical trial measuring the potential liver effects in healthy adults ingesting either full/broad spectrum hemp derived CBD or CBD isolate.

This Institutional Review Board (IRB) approved study is led by co-principal investigators Keith Aqua MD and Jeff Lombardo PharmD, BCOP. The study was designed to respond to the FDA’s repeated request, including the Agency’s March 5, 2020 report to Congress for science-based data, so it can confidently determine the appropriate regulatory path(s) for hemp derived CBD products.


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Midwest Hemp Coalition, Chicago NORML Announce Grant for New Hemp Businesses

The Midwest Hemp Coalition (formerly the Illinois Hemp Industries Association) is partnering with Chicago NORML with the hopes of creating more opportunities for women and minorities in the Illinois hemp industry.

The organizations recently announced the Illinois Hemp Grant, created to help promote small and emerging hemp-based businesses to grow and expand their products or services to diverse demographics. 

The grant will provide one year of free accounting, marketing and legal services and cover one year of licensing fees. Applications close Sept. 15.

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HIA Member Charlotte’s Web is Now a Certified B Corporation

Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive sustainable economy. 

After months of hard work to complete the B Impact Assessment (which more than 100,000 companies have undertaken since 2006), Charlotte's Web joins more than 3,500+ companies in 74 countries who have become B Corp certified and are dedicated to using the power of business to benefit the planet and all who live upon it.  


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Researchers Analyze Safety of Industrial Hemp as Cattle Feed

A pair of studies at Kansas State University is bringing new insight to farmers and producers seeking to incorporate industrial hemp in cattle feed.

After the 2018 Farm Bill legalized hemp production in the U.S., interest has grown in industrial hemp as an agricultural commodity, including as feed for animals. FDA approval, however, through the Association of American Feed Control Officials would be required before hemp could be fed to livestock or pets.


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INDUSTRY REPORTS

September 2020 Hemp Price Forecast

Harvest is underway in parts of the US, though some areas do not have a traditional growing season, like South Florida or California’s Imperial Valley. There is also considerable acreage under glass or indoors. Flower is the first to come off in many fields, and some crops will be harvested with this as the primary objective. High grading a hemp stand prior to crop harvest allows operators to give flower drying their undivided attention, as well as all of their drying space. With all of the quality material expected in the 2020 harvest, flower pricing is projected to sag over the forecast period.


READ THE FULL REPORT


Sector Snapshot: Opportunities & Challenges in Smokable Hemp

Smokable hemp is a complicated and controversial segment in the United States. Hemp Industry Daily has partnered with The Nielsen Company, a key retail and consumer research firm, on this exclusive report to help you navigate this sector’s twists and turns. This special report will especially be of interest to retailers and distributors within the retail market. 


Download the report to gain actionable business information, avoid compliance issues and start making informed decisions for your business and investments in the hemp and CBD industries.


DOWNLOAD THE REPORT
FARMER SPOTLIGHT
Love In the Time of 0.3% THC
By Doug Fine, Author, American Hemp Farmer

I just waved goodbye to our state hemp inspector, a delightful, overworked woman in a successful program. I’d call our New Mexico hemp effort top-tier, with everyone at the New Mexico Department of Agriculture wanting farmers to succeed. More than two thousand acres are sequestering carbon as we speak in the Land of Enchantment. In terms of stress, the worst part of having a hemp inspection, for me, is having to shave and put on clean clothes. 

Our inspector took her sample while we shared some fresh veggies from the polyculture hemp garden with her. What I’m most proud of is the hemp/tomato/basil/bean/kale/arugula love in this year’s garden here on the Funky Butte Ranch. We Southwest desert dwellers were clearly undercounting when naming our famous “three sisters” crops of bean, corn and squash: they’re all kin, and hemp in the soil is a returning sibling. 

KEEP READING
UPCOMING EVENTS

MONDAY, SEPTEMBER 14
10AM – 2PM

Join New West Genetics, in person, September 14th, for an exclusive harvest showcase featuring a Harvest Demonstration. Join virtually, beginning in October, to Follow-the-Flower of ABOUND™ from the field all the way to the consumer.

These events are designed for row crop farmers interested in growing hemp profitably with existing machinery, and for established professionals in hemp agronomy, academia, and science. The harvest demo and virtual events will revolutionize the way you think about hemp.

Register Now For the In-Person and Virtual Events

*The in-person event is approved by the local county health department and all departmental guidelines will be strictly followed. Due to COVID, space is limited

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