Filtered by category "Legislation"

Getting Busy With Bioplastics: New Applications for an Old Idea

By William Sumner, Hemp Business Journal Contributor Since the 2018 Farm Bill was signed into law just before the new year and the installation of the 116th U.S. Congress, the hemp industry has been bristling with activity. For the most part, business has been centered around potential medical applications for hemp’s most famous component, cannabidiol […]
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Recap: Making Profitable Hay from Passage of the Farm Bill

By William Sumner, Hemp Business Journal Contributor Late last month, Congress passed one of the most significant bills in recent memory: the 2018 Farm Bill. In addition to mandating a number of boilerplate provisions(such as expanded farm subsidies), the new law legalizes hemp for the first time in half a century; yet, the devil is […]
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Farm Bill Effect: Impact on U.S. and Global Hemp Markets

By Sean Murphy, Director of Hemp Analytics; J.J. McCoy, Senior Managing Editor, and William Sumner, Hemp Business Journal Contributor Why Revenues of Leading Hemp Companies are Sure to Increase Pending President Trump’s signature next week, the 2018 Farm Bill is poised to restore industrial hemp to nationwide legal production for the first time since World […]
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Montana-Based Grower and Processor Vitality Quickly Gathering Hemp Market Share

By William Sumner, Hemp Business Journal Contributor Last week, news broke that Congressional lawmakers had reached tentative agreement on the 2018 Farm Bill, including an amendment to fully legalize hemp in the United States. Yet, even as the hemp industry awaits final passage, some industry players have already taken steps to enact large-scale growing and […]
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Cannabis Consumer Report Highlights Potential Displacement of Alcohol

By John Kagia, Chief Knowledge Officer, New Frontier Data, and J.J. McCoy, Senior Managing Editor, New Frontier Data  “We are our choices”, wrote Jean-Paul Sartre, and no experienced salesperson would disagree. The gap between a company’s sales efforts and its core strategies is a huge — even existential — vulnerability. Understanding that is the key to […]
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Direct Selling Cutting Out the Middleman for CBD Products (for Now)

By William Sumner, Hemp Business Journal Contributor Direct selling is projected to generate approximately $300 million worth of CBD sales in 2018, according to a report released by Direct Selling News (DSN), an industry publication. Also known as multilevel marketing (MLM), direct selling eliminates a wholesaler or intermediary from a consumer transaction, often through a […]
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Methodology Behind Archetypes Yields Insights by Confirming Consumer Habits

By J.J. McCoy, Senior Managing Editor, New Frontier Data Who are today’s legal cannabis consumers? To industry outsiders, what may seem like a straightforward question to ponder too often reflexively raises tired stereotypes ranging from Cheech and Chong to Harold and Kumar. Yet, to stakeholders competing in a burgeoning industry worth $10.3 billion in 2018 […]
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As Congress Bickers Over Farm Bill, MariMed Gets Internationally Busy Down Under

By William Sumner, Hemp Business Journal Contributor The international hemp market is heating up. As the industry impatiently awaits passage of the 2018 Farm Bill and pending removal of hemp from the Controlled Substances Act, companies are quickly moving to position themselves as leading suppliers of hemp-based CBD products, and investors are all too happy […]
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Election Returns Likely to Usher in Hemp Amendment With Farm Bill

By William Sumner, Hemp Business Journal Contributor Last week, millions of Americans took to the polls to cast their vote in the 2018 midterm elections. Though the implications for the Democratic Party majority’s retaking the House of Representatives are still taking shape, one consequence of the elections could be revival of the 2018 Farm Bill, […]
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Where’s Walmart? Opening of Canadian CBD Market Prompts Speculation About Retail Giant

By William Sumner, Hemp Business Journal Contributor Last month, rumors emerged that Walmart’s Canada division was conducting preliminary investigations into stocking its stores with CBD products, a move many consider to be inspired by Canada’s legalizing adult-use cannabis sales. Though details are not forthcoming, the very rumor of Walmart’s making moves into the CBD market […]
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