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Weird, fins show 50% rev growth Q over Q.
Might be the truckloads?
You think less truckloads or more truckloads since hemp legalized?
Do you know what email is?
Oregon lawmakers consider bill to form a hemp commission
SALEM, Ore. (AP) — Oregon lawmakers are considering a bill that would establish a hemp commission in the state to raise money for research and promotion.
The Capital Press reported Thursday that House Bill 2740 would pay for the commission by charging assessments to hemp growers. It would also align the state and federal definitions of the crop.
Hemp is booming in Oregon and is poised to become the state's top agricultural commodity with more than $1 billion in revenues in 2019. That's up from roughly $500 million last year.
The legislation would also harmonize Oregon's statutory language for hemp with the federal government's, which recently changed with the national legalization of hemp through the 2018 Farm Bill.
Source: https://www.heraldcourier.com/news/oregon-lawmakers-consider-bill-to-form-a-hemp-commission/article_0554e4e2-cafb-5664-bfa5-d31441648a09.html
Contact for Investor Relations & Shareholder Info:
Investor Relations Firm
Everest Corporate Advisors, Inc.
Steffan Dalsgaard, President
9788 Gilespie Street
Las Vegas, NV, 89183
Phone: 702-902-2361
ir@hempinc.com
Cannabis giant Tilray announces $419-million purchase of world's largest hemp food company
by Charlie Smith on February 20th, 2019 at 7:50 AM
A Nanaimo-based licensed cannabis company will soon be in a position to capitalize on the market for edibles once these products become legal.
Tilray announced today that it has reached a tentative agreement to buy Manitoba Harvest in a deal valued at $419 million.
Manitoba Harvest is the world's largest manufacturer of hemp-based food products.
Its products include Manitoba Harvest Hemp Hearts, Hemp Oil, Hemp Yeah! granola, Hemp Yeah! protein powder, and Hemp Bliss milk.
After the deal closes, Tilray will have a major foothold in the natural-food industry and it's in a position to enhance Manitoba Harvest's expertise in working with cannabinoids.
“Tilray’s acquisition of Manitoba Harvest is a milestone for the cannabis industry," Tilray president and CEO Brendan Kennedy said in a company news release. "It builds on the strategic partnerships we have formed with consumer brand industry leaders and demonstrates our track record of disrupting the global pharmaceutical, alcohol, CPG, and functional food and beverage categories."
The Canadian government is expected to legalize edible cannabis-infused edible products by October 17, 2019.
As of this writing, Tilray shares are up 4.24 percent this morning to US$80.30.
Source: https://www.straight.com/cannabis/1203071/cannabis-giant-tilray-announces-419-million-purchase-worlds-largest-hemp-company#
No proof of any con...
Just a bunch of rumors circulating on zero evidence.
U.S. jumps to No. 3 among top hemp growing nations
POSTED BY: HEMPTODAY
FEBRUARY 18, 2019
The USA has jumped into the top ranks of global hemp growing nations, recording a tripling of land under hemp to reach a total 78,176 acres (about 31,000 hectares) in 2018, according to the American hemp advocacy group Vote Hemp. Vote Hemp had recorded about 25,000 acres of hemp fields across the USA in 2017. Twenty-three states grew hemp in 2018, Vote Hemp said.
Globally, that puts the USA third, behind world leader China (400,000 acres/162,000 ha.) and northern neighbor Canada (100,000 acres/40,000 ha), and is nearly double the land sown for hemp in France (42,000 acres/17,000 ha.), Europe’s leading hemp grower. Only about 110,000 acres (44,000 ha.) of hemp were grown across all of Europe in 2017, the year for which the most recent figures are available.
Montana expands fast
The rapid expansion of hemp fields in the USA last year was driven primarily by anticipated passage of the U.S. Farm Bill, which removed hemp from the U.S. narcotics list. The Bill became law in late December. Strong demand for CBD was a major contributing factor in the growth of U.S. fields.
Internally in the U.S., Montana recorded the most fields under hemp last year with 22,000 acres (about 9,000 ha.), a drastic increase over the 542 acres (219 ha.) sown in 2017. Montana eclipsed perennial hemp leader Colorado, which was the second biggest grower in the USA last year with 21,578 acres (8,700 ha.), Vote Hemp reported.
Research also expands
State licenses to cultivate hemp were issued to 3,544 farmers and researchers; and 40 universities conducted research on the crop, more than double the number of licenses issued in 2017.
The new 2018 Farm Bill, signed into law last December includes a section on “Hemp Production” that removed hemp from the Controlled Substances Act, placing full federal regulatory authority of hemp with the U.S. Department of Agriculture, and allows individual state agriculture departments to submit hemp program plans for approval. The states regulate hemp production.
‘Whole plant’ definition
In addition to defining hemp as cannabis that contains no more than 0.3% THC by dry weight, the 2018 Farm Bill asserts a ‘whole plant’ definition of hemp, including plant extracts; and removes roadblocks to the rapidly growing hemp industry in the U.S., notably by authorizing and encouraging access to federal research funding for hemp, and removing restrictions on banking, water rights, and other regulatory roadblocks the hemp industry currently faces.
The bill also explicitly authorizes crop insurance for hemp.
41 states are active
Forty-one U.S. states have defined industrial hemp as distinct and removed barriers to its production: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Source: https://hemptoday.net/us-third-biggest-hemp-grower/
WANT TO GROW HEMP? THIS CONFERENCE IS FOR YOU
Published On February 18, 2019 - 11:55 AM
Written By David Castellon
A seminar for people interested in growing industrial hemp will be held Feb. 25 in Fresno.
The event follows the December passage of the 2018 U.S. Farm Bill, which among other things repealed hemp’s status as Schedule 1 drug, as is its close cousin, marijuana. The big difference is that hemp lacks the ratio of tetrahydrocannabinol (THC) found in its cousin, so it can’t get people high.
The 2014 Farm Bill allowed for some hemp growing in the U.S. on farms associated with research organizations, but the new bill eliminates that restriction, so farmers can choose to grow hemp on their own, as they would wheat, oranges, cotton or most other crops.
“Learn the latest information about hemp business opportunities in California. Get presentations from California hemp business and farm leaders. Receive a 40-page workbook on California Hemp market information and state regulations. Network with hemp business peers, growers, startups, and members of hemp business associations,” states an announcement about the California Hemp Business and Farm Workshop at the DoubleTree by Hilton Hotel Fresno Convention Center.
“The California Department of Food and Agriculture hemp farming regulations will be issued soon,” continues the release by the seminar’s organizer, California Hemp Industry Consulting Business Development & Marketing. “This will officially start the new California hemp agricultural industry. California is now positioned to grow into the USA’s largest hemp-growing, production and consumption market.”
Experts say hemp literally has more than 25,000 uses, from being woven into textiles to producing medicinal oil to being molded into forms comparable to hard plastics to replacing concrete in construction.
Tickets for the workshop range from $50 to $200. Information about the event is available at ca-hemp.org.
Source: http://www.thebusinessjournal.com/want-to-grow-hemp-this-conference-is-for-you/
Growing industry
By J.D. Walker Special to The Courier-Tribune
Posted at 1:49 PM
Updated at 5:04 PM
Editor’s note: Asheboro is rapidly finding itself on the forefront of the growing hemp industry which some experts predict could reach $20 billion to $60 billion within the next two to three years. A two-part Focus, today and Tuesday, examines how the industry has expanded here, including the recent opening of a commercial greenhouse, and what that could mean for our area.
ASHEBORO — Bob Crumley, local attorney and owner of Founders Hemp in Asheboro, is riding a wave of enthusiasm for his latest project — the reintroduction of hemp into a society that for roughly 70 years has shunned the growing and processing of the plant.
He regularly shuttles potential investors through his production facility and his retail operations. The first turns locally grown hemp into oil, snack food and nutraceuticals, foods containing health-giving additives or having medicinal benefit. The second one markets those products and more to an eager public.
Now, Crumley can showcase a new phase of his operation. In November 2018, the company’s commercial greenhouse came online.
The greenhouse is set up in a former manufacturing facility in Asheboro. Unassuming from the outside, inside is what Crumley calls “the most sophisticated growing room in North Carolina” for growing off hemp sets for the field.
* * *
In and of itself, hemp (Cannabis sativa) is not a difficult plant to grow. In fact, some farmers seed their crop directly in the field. Those farmers are usually growing the plant for non-consumable products like rope or clothing. Founders Hemp is in the business of producing hemp for human consumption.
The process of growing hemp settings for the field is overseen by Shawn Dezern, the company’s clone expert. Dezern does his work in a shiny, insulated, silvery wonder complete with hepa air filters, ultraviolet lights to help kill bacteria and mold, a closed water system and controlled conditions requiring, in some areas, protective booties, gloves and lab coats on all the human occupants.
Months were spent to retro-fit the building to make it a top-quality growing operation.
“We don’t want to be the low-cost supplier of hemp products,” Crumley said. “We’re the one who buyers want to come and see because they want top quality.”
There is another motive for investing heavily in the latest equipment and best ideas from the start. Crumley said he decided to spend extra money upfront to help mitigate future operational costs.
The walls are heavily insulated. The furnace runs on direct current to save money. The greenhouse doesn’t use city water to cultivate its plants. It has two 5,000-gallon tanks that capture rain water. Crumley said one inch of rain captured from the roof of the building will provide enough water for the plants for four months.
Of course, the water isn’t just siphoned off the roof and dumped on the plants. It must be filtered and purified to eliminate the possibility of contamination by mold or bacteria.
In his passion for sustainability, Crumley even had the water from his AC units redirected into the water tanks. Any overrun from watering the plants is also collected and re-routed back to the water tanks for purification.
* * *
Dezern monitors 1,200 square feet of climate-controlled growing area filled with over 400 “mother plants.” There are no daddy plants by choice, Crumley says. When mother and daddy plants come together, that leads to seeds which lead to lower values of CBD — the precious cannabidiol extract that makes hemp so valuable for consumers. Such pairing will also result in higher levels of THC (delta-9-tetrahydrocannabinol), the part of the cannabis plant that produces a narcotic high.
In the hemp business, nobody wants that. In fact, the standard level of THC in hemp in the United States, Canada and Europe is limited to three-tenths of 1 percent.
With the growing season approaching, Dezern will soon begin taking 6-inch-tall cuttings from the tips of the mother plants. He estimates he can harvest cuttings from each plant every five days. The cuttings will “strike” — or root — in about seven to 10 days. Technically, they will be ready to go out to the field in 14 days.
Another room will house the new cuttings on shiny, new aluminum racks. They will live there under climate- and humidity-controlled conditions, developing root systems and growing stronger until it’s time to head to the fields.
Dezern tracks every individual mother plant for water and fertilizer use. He keeps meticulous records of the health and vigor of each mother plant in much the same way a livestock grower tracks cattle or other animals.
There’s a good reason for this attention to detail. Crumley puts the value of each mother plant at about $3,500, giving him an inventory of about $1.5 million in hemp plants at this operation. That value is based on an average lifespan for the plants of about three years with each mother plant producing potentially thousands of offspring before it’s time in the greenhouse is over.
Every cutting from each plant is recorded and tracked. By the end of the growing season, Dezern said he will know which mother plants produced the most viable offspring and how those offspring performed in the field and in the processing plant.
Dezern says there are enough mother plants in the greenhouse to provide sets for 100 acres of hemp production. Crumley has arrangements with many state farmers to sell them hemp plants. In return, he will buy back their production.
“That ensures they have skin in the game,” he said.
If the farmers want to grow more plants than he can currently accommodate in his production facility, Crumley says he will happily sell them the plants — as long as his contracts get covered first.
Crumley doesn’t talk about how many farmers are in his network of contractors, but he does expect to have 30-50 acres of hemp in production this year.
* * *
One could ask, why go to the expense of investing millions of dollars of labor and material in a growing operation? Part of the reason is practicality. Crumley said, the industry is so new, normal supply chains are just not available or reliable.
““I can’t go to the commodity market and buy hemp plants,” Crumley said.
Another reason is quality control, he said. A strategic decision was made early on, he said, to control the source and supply of the product that will ultimately bear Founders Hemp’s private labels.
The final reason is necessity. Crumley said he still has not seen the top of the growth curve of demand for hemp products. There are over 100 hemp processors registered in North Carolina to date, some in production, some still ramping up. Even with all of that potential competition, Crumley isn’t worried.
“There still is not enough supply for the demand we see in the market,” he said.
Source: https://www.courier-tribune.com/news/20190216/growing-industry
Hemp production on rise in NC
February 16, 2019
By: Mac Malloy
By the recent number of inquiries at the office, interest in industrial hemp production appears to be gaining momentum like a runaway train. The passage of the 2014 Farm Bill, although approved in 2015, provided individual states the ability to implement industrial hemp research programs to allow farmers, land-grant universities and processors to begin growing the crop on a limited basis. As a result, the N.C. Industrial Hemp Commission was formed in late 2016 to administer the pilot program to learn about a crop that had been prohibited for over 200 years. Unlike marijuana, industrial hemp plants contain less than 0.3 percent tetrahydrocannabinol, the substance that delivers the mind-altering effects.
As of the beginning of February, North Carolina had 502 licensed growers producing hemp on 2,876,914 square feet of greenhouse space and almost 6,382 acres around the state. There are currently 337 registered processors in North Carolina as well. With the decline in traditional commodity prices, these numbers reflect the fact that many farmers are looking for the next big cash crop to include in their operations. The recent passage of the 2018 Farm Bill was another progressive step forward for industrial hemp. A recent article in the U.S. Hemp Roundtable highlighted some of the major changes for hemp, which includes the end of hemp prohibition by permanently removing it from the Controlled Substance Act. This allows hemp to be recognized as a legal agricultural commodity, paving the way for farmers to have needed access to crop insurance and other United States Department of Agriculture programs. By redefining hemp to include its extracts, cannabinoids, and derivatives, Congress has provided language that no longer includes hemp as a controlled substance overseen by the Drug Enforcement Administration. This should make life easier by allowing legal transportation and shipping to other states.
However, the new 2018 Farm Bill does not change the requirement for North Carolina hemp growers to have a license for the near future. It also does not interfere with the Food and Drug Administration’s authority over CBD as a human or animal consumable, such as food, feed, topical, drug or supplement. According to a recent press release from the North Carolina Department of Agriculture and Consumer Services, “FDA still does not allow CBD in consumables and encourages consumers to be smart shoppers and ask questions before choosing to purchase any tincture that contains CBD or hemp extract. Find out how the product is manufactured, if the company has purity standards, and what the potency may be.”
Although North Carolina has two production seasons under its belt under the pilot program, it appears there is still much to be learned. Our two land-grant universities, N.C. State University and N.C. A&T State University, are leading the way on hemp research.
Informational meetings about production, regulation and processing are currently being held around the state by North Carolina Cooperative Extension. One such meeting will be offered on March 5 from 3 to 5 p.m. at the Extension Center in Scotland County, located at 231 E. Cronly St. in Laurinburg. Interested growers are encouraged to attend. Seating is limited to 90 guests, so reserve a spot by calling 910-671-3276.
More information about industrial hemp can be found online at https://industrialhemp.ces.ncsu.edu/ or https
Source: https://www.robesonian.com/news/business/120333/hemp-production-on-rise-in-nc
Contact for Investor Relations & Shareholder Info:
Investor Relations Firm
Everest Corporate Advisors, Inc.
Steffan Dalsgaard, President
9788 Gilespie Street
Las Vegas, NV, 89183
Phone: 702-902-2361
ir@hempinc.com
Actually, over half a milly on the books in first year of sales, mainly from secondary products, is not too shabby, all while hemp was still federally illegal.
But now hemp is legal. Game changer. Hard to make money on your primary product when that product is a controlled substance. Flood gates, remember?
And yes, these stocks can be shorted... illegally. I wouldn't be trying that either, with all eyes on Hemp.
Keep in mind, consumer sales of industrial hemp are projected to go from hundreds of millions to BILLIONS and BILLIONS. Hemp Inc is in on that ride, too. So, from a few hundred thousand to possibly several millions, Hemp Inc is making stride.
Sales for fiscal yr 2018 were over $400k, and that was only through 3 quarters, pre Farm Bill.
Dont know where you found the 50 cent, 1 dollar numbers for sales of this company. Going to have to say it was completely untrue.
Just check the fins. Sales going up, up, and up. Now time for hemp sales.
I know, facts that shorters fear.
McConnell urges USDA to swiftly implement Hemp Farming Act
By WBKO News Staff | Posted: Fri 2:14 PM, Feb 15, 2019
WASHINGTON, D.C. (WBKO) – U.S. Senate Majority Leader Mitch McConnell (R-KY) and U.S. Senator Ron Wyden (D-OR), authors of the Hemp Farming Act, are urging the USDA to ensure its “expeditious and prompt implementation.”
McConnell and Wyden wrote in a letter to U.S Secretary of Agriculture Sonny Perdue:
“We specifically drafted the Hemp Farming Act in a way that allows hemp pilot states to build upon the progress and investments made through the pilots established by the 2014 Farm Bill. Our states have seen tremendous success in researching and developing market opportunities for hemp through the state pilot programs, and we are hopeful that the growth and innovation we’ve seen through the pilots will continue to expand now that the domestic production of hemp and hemp products is legal.”
Additionally, the Senators urged USDA to move forward expeditiously with the rulemaking process and wrote, “We ask that you consider issuing guidance when necessary to minimize any interference with the lawful interstate transportation of hemp products and to end any uncertainty the banking industry might have with this legal commodity. We also would like to know when to expect the Department’s plans for implementation, including state implementation plans.”
The Hemp Farming Act provisions in the Agriculture Improvement Act of 2018 (2018 Farm Bill) signed into law on December 20, 2018:
• Removed hemp and its derivatives from the list of controlled substances;
• Established hemp as a legal agricultural commodity;
• Authorized the production, consumption, and sale of hemp and hemp-derived products in the United States, consistent with other federal laws, like the Food, Drug and Cosmetic Act;
• Authorized the use of federal funds to support hemp research under the National Agricultural Research, Extension National Agricultural Research, Extension, and Teaching Policy Act of 1977 and the Critical Agricultural Materials Act;
• Explicitly established the protection of the interstate commerce of hemp or hemp products, and further prevented states and tribal governments from prohibiting the transportation of hemp or hemp products through the State or the territory of the Indian Tribe.
Source: https://www.wbko.com/content/news/McConnell-urges-USDA-to-swiftly-implement-Hemp-Farming-Act--505900961.html
Farmers could plant hemp in Arizona fields this summer, if bill passes
Posted: 9:45 PM, Feb 07, 2019 Updated: 6:30 PM, Feb 08, 2019
By: Sonu Wasu
It is a new crop that holds a lot of promise for Arizona. Far from the flashy dispensaries that grow medical marijuana behind ten foot high walls and in greenhouses, this cash crop will be growing right out in the open.
Farmers all over Arizona are now gearing up to grow hemp. Since the state legalized the crop last year, the Arizona Department of Agriculture has been working to set up rules and licensing for those who are interested in growing the crop. Even though it's legal, it will be heavily regulated by the state because of its close relationship to marijuana. By law, hemp cannot have any more than 0.3% of THC in it, the ingredient in marijuana that provides the high.
Bruce Perlowin, a California businessman, is one of many who is already setting his sights on Arizona to grow what he calls a cash crop.
"Hemp means a goldmine for Arizona. An absolute goldmine," he said.
Perlowin is already running two successful hemp growing and processing operations in Oregon and North Carolina. His company has created a product using industrial hemp to clean up oil spills.
Perlowin has already purchased about 545 acres of farmland near Kingman. He plans to set up what he calls a 'hemp village' there and hire dozens of veterans to work the farm.
Perlowin said this was his way to give back to veterans who had protected our country. He said he plans to provide other services for them, including counseling for PTSD or other issues they may be facing, and stock in the company to give them a sense of ownership.
"Hemp is actually bypassing marijuana in price point, and you don't get high," said Perlowin.
Perlowin also wants to start a 'hemp university' in Arizona where farmers interested in growing the crop could get education and advice from those already experienced in the industry. He added that farmers he knew in other states were already cashing in.
"When a farmer can make $100,000 an acre that is good money. That allows the small family farm to re-emerge into the American landscape--including Arizona," said Perlowin.
Despite the promise and optimism from so many, Pinal County farmer Paul Ollerton said he was taking a cautious approach toward farming Hemp.
He liked the fact that hemp required much less water than the cotton or alfalfa he was currently farming.
"To me, it's promising as another crop," said Ollerton, "but there's a lot of things we just don't know."
One of his concerns was how the crop would fare in the scorching triple-digit heat. Ollerton had said he had heard THC levels in a plant could go up when it is stressed.
State officials have said any plant with more than 0.3% of THC in it would be officially considered marijuana and illegal to grow without a medical marijuana license.
Ollerton said he feared that could lead to the destruction of his entire field of hemp.
"That's a sizeable loss taken right out of my pocket if I can't harvest it," said Ollerton.
Perlowin said in all his years working in the hemp industry he had never seen that happen. He said farmers would need to educate themselves on the right conditions and strains to grow. The farms he had been in had mobile labs set out in the field constantly monitoring the THC levels to ensure compliance.
Perlowin said if the THC levels got to 0.3% they would harvest the crop earlier.
Hemp is also expected to bring many new jobs to Arizona.
While there is no official estimate at this point, Arizona Farm Bureau officials said the anticipated hemp boom could lead to jobs not only on the farms but also processing plants to turn the crop into an industrial product or cannabinoids.
Hemp is used industrially as rope, textile and paper, while its extracts form the basis of several therapeutic products, such as CBD.
Economic impact studies are showing that hemp and CBD could grow up to 700% by 2020.
"We know it's a burgeoning market, there is really a demand for it in varying forms," said Chelsea McGuire, the government relations director for the Arizona Farm Bureau.
If a new bill proposed by state Senator Sonny Borrelli passes, Arizona farmers could start planting their first hemp seeds by early June.
All farmers will have to apply and receive a state license.
Source: https://www.kgun9.com/news/state/farmers-could-plant-hemp-in-arizona-fields-this-summer-if-bill-passes
That trendy CBD product in your smoothie? Adding it is illegal, NC officials say
BY JANE WESTER
FEBRUARY 15, 2019 11:56 AM,
UPDATED 39 MINUTES AGO
You can buy edible products containing a cousin of marijuana all over Charlotte — but selling them is actually illegal, according to the North Carolina Department of Agriculture and Consumer Services.
The department says it began sending letters to businesses Monday, notifying them that the sale of CBD in food, drinks and animal food violates state and federal law.
Cannabidiol, or CBD, is one of many compounds derived from the hemp plant, which is related to the marijuana plant. Unlike the compound THC (tetrahydrocannabinol), it’s not supposed to give you a “high.” Claims about CBD’s effects range from easing anxiety to treating cancer.
Marijuana is illegal in North Carolina, and so is hemp if it contains too much THC.
CBD had seemed to exist in a gray area, and everything from CBD sangria to gummies and dog treats began to be sold in Charlotte in recent months.
As that was happening, the FDA defined CBD as the active ingredient in a seizure drug it approved in mid-2018.
That’s important, because the FDA prohibits adding any drug’s active ingredients to foods, said Joe Reardon, assistant commissioner for the N.C. Department of Agriculture and Consumer Services.
Reardon said the department is focusing on education rather than consequences.
He said it’s not yet clear what will happen to businesses that ignore the letters.
“Once you place products into the marketplace, you have a responsibility to comply with all federal and state laws,” the letters say, according to a copy provided by the agriculture department. “Failure to comply could result in legal action being taken against you, including without limitation, embargo, seizure and injunction.”
The state’s Alcohol Law Enforcement agency is working with the agriculture department, but does not have a policy on CBD at this time, a spokeswoman said. A Charlotte-Mecklenburg police spokesman declined to comment on CBD this week.
WHAT CBD PRODUCTS ARE STILL ALLOWED?
At Berrybrook Farms, the longstanding natural-foods store on East Boulevard, a big banner out front advertises CBD oil.
But manager Dironah Andrews said Tuesday she hadn’t received a letter from the state, and she doesn’t expect to get one. The store sells CBD oil, Andrews said, but hasn’t done much with edible products, mostly because she’s skeptical of their ingredients. “Gummies don’t belong in a health food store,” she said.
CBD oils, tinctures and topical products are allowed, Reardon said — as long as they’re sold without health claims. The idea is that you can let oils and tinctures dissolve under your tongue instead of swallowing them — so they aren’t officially considered food, he said.
WHAT CBD PRODUCTS ARE OK AT RESTAURANTS?
Edible and drinkable CBD products have popped up on shelves and menus all over Charlotte in the past year.
Moo & Brew, a burgers-and-beer restaurant on Central Avenue, has a special menu focused on CBD, including burgers with CBD aioli and fries drizzled with CBD oil. At the Plaza Midwood smoothie shop Smooth Monkey, CBD oil is marketed alongside protein powder as an add-on for smoothies and acai bowls. Other local businesses have sold CBD in cocktails, fudge, biscuits and empanadas.
Smooth Monkey manager Emmelie Williams said CBD oil is popular at the store, and she’s waiting to hear more about any new restrictions. An owner of Moo & Brew passed questions about the CBD menu along to his managers, who did not respond to requests for comment from the Observer.
Lincoln’s Haberdashery, a cafe and small grocery in South End, has sold specialty lattes featuring CBD oil in the past, general manager Courtney Estes said.
“Most people enjoy it because it takes away the jitter portion of having espresso in your drink,” Estes said. ”It felt like a health product.”
Until this week, Lincoln’s offered CBD oil as an add-on to its espresso menu — but Estes said they removed the option when an Observer reporter started asking about it.
The store has not received a state letter, she said, but she compared the situation to the 2017 ‘brunch bill’, which legalized alcohol sales on Sunday mornings.
In that case, Estes said, she started hearing that alcohol sales were legal, but she waited until she was absolutely sure the government approved before opening up sales in her business. It wasn’t worth the risk before that, she said.
Reardon said the agriculture department is primarily concerned with CBD edibles sold in grocery and convenience stores. For restaurant sales, the health department would be involved, he said.
County health inspectors are waiting for guidance from the state, county spokesperson Rebecca Carter said Wednesday. A state Department of Health and Human Services spokesperson agreed with the agriculture department’s description of what’s legal and not, but did not answer questions about enforcement.
INDUSTRY INSIDER: CBD REGULATION IS NEEDED IN NC
While an array of Charlotte businesses are selling CBD along with other products, Charlotte CBD, a store on Central Avenue, focuses entirely on CBD and hemp products, including edibles.
Michael Sims, one of the store’s owners, said Tuesday that he had not received a letter from the state, but he’s been in close contact with the store’s lawyer.
“We have seen a copy of the letter,” he said.
Sims said the store is willing to be flexible about what it sells, and that he believes regulation of the CBD and hemp industry is important. Because there’s not much official oversight yet, he said Charlotte CBD has Wingate University test each product line before he sells it.
But over-regulation could also mean that people might not be able to get products that could help them, Sims said.
Source: https://www.charlotteobserver.com/news/local/crime/article226150860.html
Growing In Popularity, Is CBD Helpful Or All Hype?
CBD is everywhere but what is it, is it safe and does it work?
Author: WFMY News 2
Published: 10:57 AM EST February 15, 2019
Updated: 11:35 AM EST February 15, 2019
Pain is simply a part of life for Duane Franks. He's living with multiple myeloma, a cancer of the plasma cells in his bone marrow.
"I was six foot, four and now I’m five foot, seven," Franks said. "I’ve lost, with the curvature of the spine and the collapse of the sternum, I’ve lost that many inches in height."
The bones in his chest collapsed and fractured because of the cancer.
"That’s my biggest issue now is the fracture," he said. "The cancer part, for most people, you don’t notice it but mine is the fracture. That’s what is the painful aspect of what I deal with daily."
Franks, a worship pastor, takes prescription pain killers but says they don't help with the discomfort. That's why he turned to CBD.
CBD or cannabidiol comes from the hemp plant. Hemp and marijuana are both cannabis but have their differences. The biggest one: Marijuana has more THC in it - that's what gets you high. Hemp, on the other hand, has more CBD. THC and CBD are cannabinoids but CBD does not have the psychoactive properties that THC does.
"You could eat every single bottle of this [CBD oil] and you’re not getting high," Bob Crumley, who owns the Everything Hemp Store, said.
Crumley is also the CEO of Founder's Hemp and a chairman of the North Carolina Industrial Hemp Growers Association. He says CBD is not something to be afraid of.
"If you’ve eaten chocolate, if you’ve eaten broccoli, if you’ve eaten black pepper – they have cannabinoids in them," Crumley said. "But nothing has as many cannabinoids or the quality of cannabinoids as cannabis does."
Crumley sells oils, balms, gummies, drinks, protein bars and capsules with CBD in them at his store. He also sells products that use other parts of the hemp plant like clothing, dog toys, and hemp seeds.
"Whether it’s a topical or an ingestible – we’ve got it all."
While consumers claim CBD can cure a myriad of issues like anxiety, sleep deprivation and pain, no retailer can make claims about the product.
So who is regulating those products? WFMY News 2's Maddie Gardner asked Crumley.
"That’s an interesting question," he said. "I’m not real sure who’s regulating the products right now because up until this time, the Department of Agriculture and the FDA have really taken a back seat and let the industry develop out there."
So is CBD safe? Crumley says, "absolutely."
"When I say safe, I’m not saying the FDA says it’s safe, I’m saying our products are produced in a food-grade, nutritional-supplement-safe facility."
CBD and hemp are both legal but it's taking time for regulation to catch up to the popular products. The North Carolina Department of Agriculture just released a statement about CBD products that reads in part, "We also urge consumers to be smart shoppers and ask questions before choosing to purchase any tincture that contains CBD or hemp extract. Find out how the product is manufactured, if the company has purity standards and what the potency may be."
Dr. Remy Coeytaux practices integrative medicine at Wake Forest Baptist Medical Center. He hasn't prescribed CBD to his patients yet.
"It seems to be largely safe," he said. "One of the problems is that the manufacturing is not standardized and we don’t have a definitive dosing method."
The FDA approved CBD in a prescription drug, Epidiolex, to treat epilepsy. That's the only approved medicinal use at this time. Dr. Coeytaux says more patients are asking about using CBD for other ailments.
"I think it’s promising but it depends," he said. "It depends on the people, it depends on the conditions, it depends on a lot of things."
The Franks call CBD a godsend that works when prescription pills don't.
"You know you hear a lot about, ‘Oh you shouldn’t take CBD oil because of this and the warning labels,’ but, like he said, we are willing to try something if it’s natural," Caroline Franks, Duane's wife, said.
Franks applies a cream with CBD in it three to four times a day. He says the relief is real.
"It’s just worked," he said. "It’s helped. I mean, how do I describe it?"
Source: https://www.wfmynews2.com/article/news/growing-in-popularity-is-cbd-helpful-or-all-hype/83-3f1b5eea-a373-40f8-8365-c0bcac47c901
Serious charges. No evidence.
Allegations without evidence won't win cases.
50% rev growth quarter over quarter.
Check the fins.
https://www.hempinc.com/financial-disclosures/
NEXT MEETING
Friday, Feb. 15, 2019
9:30 a.m.
A public meeting will be held via telephone conference. Access to the conference call can be made at http://go.ncsu.edu/industrialhemp or by calling 1-929-205-6099 (U.S. toll) or 1-669-900-6833 (U.S. toll). The meeting ID is 502-329-222. Participants will be prompted to enter their name and email address to enter the meeting via the website, or prompted for a unique participant ID for the call. They should press # to access the call.
Agenda:
Approval of applications
If you have questions about the meeting, please contact Beth Farrell at 919-707-3014.
N.C. State University
Phone: 919-515-7389
industrialhemp@ncsu.edu
N.C. Department of Agriculture and Consumer Services
Paul R. Adams III, Fertilizer Field Supervisor, Hemp Applications and Field Inspections, 919-707-3735
Quickest contact: IndustrialHempRequests@NCagr.gov
Mailing address:
1005 Mail Service Center
Raleigh, NC 27699
People demanding Hemp Inc's presence in VERMONT!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146727821
Old news tho... lol
Hey Det,
Already tried to help the forum days ago, but thanks for the confirmation.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146635159
ACTUALLY, I clarified days ago.
LINK - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146635159
Ok, what "certain facts", specifically, are you referring to?
18 month uptrend and now we're "diving"?
Like pulling ideas out from a raffle drum, what will they think of next?
What are you talking about?
NC businesses decide which CBD products might come off shelves next week amid crackdown
By: Ben Smart, WECT
Posted: Feb 08, 2019 06:02 AM EST
Updated: Feb 08, 2019 04:24 PM EST
One day after North Carolina officials revealed an upcoming crackdown on unregulated CBD products, businesses are working to learn more about what is allowed and what is not.
Joe Reardon, assistant commissioner for consumer protection with the NC Department of Agriculture and Consumer Services, provided more details Thursday about the educational letters that will be mailed out to some businesses.
“We are concerned," Reardon said. "We have seen and heard about CBD being infused in ice cream. We know that’s a product that is a lot of times consumed by children. We have also seen gummy bears, lollipops. Those products that are traditionally marketed to children that have CBD in it are especially concerning to us.”
Pet food or treats containing CBD are also not allowed to be sold to consumers in North Carolina under current Food and Drug Administration and state law, said Reardon.
Next week, state regulators plan to start sending warning letters to businesses selling CBD-infused food and beverages, making unapproved health claims about CBD, or selling CBD in nutritional supplements in violation of FDA rules about the compound.
WECT obtained a copy of the draft letter on Thursday. The letter will be addressed to a store or business, and it outlines FDA and state laws.
No fine or punishment is listed, but the last paragraph states: “Failure to comply could result in legal action being taken against you, including without limitation, embargo, seizure and injunction.”
“We think the right approach is to educate (businesses and stores) on what the foundation of the law is, not only the federal law, but the state law," Reardon said. "We will initiate that compliance strategy early next week.”
Tinctures of CBD oil remain legal because they fall outside existing laws and regulations, but Reardon said consumers should still be wary that what's inside the bottle might not reflect what the label lists.
Researchers in 2017 tested 84 CBD products purchased online, including oils, tinctures, and vaporization liquid, finding only 26 (31 percent) contained the amount of CBD listed on the label. A CBD amount was considered accurate if it was within 10 percent of the labeled value.
“It is an unregulated industry," Reardon said. "Consumers need to make sure who provided that product, who processed it, who distributed it, and where were those products grown? The consumer should know as much information is available to make good choices.”
Field inspectors with the NC Department of Agriculture will be on the lookout for CBD products that are in violation of the law.
“If we come across them, we will follow that up with letters and correspondence,” Reardon said. “We will answer any questions that they have about the legality of these products. We hope the industry will respond to the letters that we send out.”
Chelsea Wetherell, marketing director of Hemp Farmacy in Wilmington, said the news about warning letters from the state is not surprising.
“My reaction first was, ‘I saw it coming,’ I guess," Wetherell said. "I knew that a lot of changes were going to be coming with the 2018 farm bill. That’s how this industry has operated from the beginning. Every few months there’s a new hurdle in front of us so we are just going to monitor the situation and take it in stride.”
In addition to tinctures of CBD, the Hemp Farmacy storefront on College Road in Wilmington currently sells CBD gummies, candies, and cookies. These are products that Reardon said are currently prohibited to be sold in N.C. under state and federal law.
When asked if the current crackdown on CBD products would impact what the Hemp Farmacy sells, Wetherell replied, "It most likely will. We are going to gather all of the information that is available to us, and then from that information, make decisions on what's appropriate to continue caring and providing for our customers and what items need to be removed from our shelves."
Wetherell said company officials are in constant communication with the state agriculture board.
“We are just really hopeful that the FDA does reevaluate their stance on CBD as they said they would, and we are allowed to keep providing the products to the customers that they want,” said Wetherell.
Grow N.C., a shop in downtown Wilmington, sent a statement to WECT Thursday with information that it will no longer sell one of its CBD products after learning about the upcoming state campaign.
“We at Grow are here to help, not hinder, the process of regulating and protecting our patrons. For this reason, we will no longer offer our CBDevia product, as it may fall into a regulated portion of the new rules regarding CBD products. Our other CBD lines will be on sale until further notice,” the statement said.
Grow N.C. said they hope to create an inviting, friendly and safe environment for patrons. The business also stands for educational reform and hopes to bring clarity to the public and be an example to others in the industry. The statement said the company is planning an educational symposium too.
“In the coming days, our company will be reaching out to local and state officials, as well as representatives from various aspects of the farming, production, and retail end of the hemp industry. We would like to educate the public interested in learning more about CBD beyond the generalizations portrayed in the mainstream media,” the statement reads.
Reardon said consumers can contact the N.C. Department of Agriculture and Consumer Services if they have a question, concern, or complaint about CBD products being sold.
“If there are complaints with these products being sold, we will investigate those complaints. What we don’t want to see is any illness associated with the consumption and sale of those products in the marketplace,” said Reardon.
Source: https://www.cbs17.com/news/north-carolina-news/nc-businesses-decide-which-cbd-products-might-come-off-shelves-next-week-amid-crackdown/1764489954
People demanding Hemp Inc's presence in VERMONT!
What are you trying to say?
Can anyone help me understand? I asked for a docket # to Judge's statements, and this is what I got:
We’re waiting.....Quote:
“I will swiftly return with the judge's statement, copy/paste. Simply provide docket # “
You’ll notice that the quotation is noted and surrounded by quotation marks as I usually do here on this board of opinions.
If you are looking for my summary of the judges rulings, which was: Quote:
“Judge said put this shenanigans to trial. Right?”
You won’t find it, with or without a docket number.
Judge say what? Which docket?
I will swiftly return with the judge's statement, copy/paste. Simply provide docket #
Until then, no one knows what you are referring to, kinda like making allegations without anything to back it up L.O.L.
18 month uptrend, yup. Historical uptrend too, so not looking bad at all, ironically, just as hemp was legalized.
hmmm, neat.
https://www.investopedia.com/terms/f/forward-looking.asp
Google+ didn't workout either. Not every project a company works on succeeds.
2019 Hemp Inc is the new 1999 Google. More and more people are talking about hemp these days.
The judge ruled in favor of SEC?
Why is Hemp Inc in 18 month uptrend?
The complaint alleges
Ironically, pps in 18 month uptrend.
Ironically, case almost 3 years ongoing, over loose allegations on 8 year old events.
Ironically, hemp industry going from MILLIONS to BILLIONS.
Ironically, even with all the unjustified scrutiny, HEMP still going strong... WINNING.
Free audit?
SEC making sure HEMP and Shareholders are safe.
Will prove HEMP legit through own investigations.
Ironically, I do know
It's 1
SEC has 1 Hail Mary remaining, and it's called a trial.
They are about to go to trial with nothing more than hearsay from a certain individual that they are claiming had controlling power of the company as affiliate.
GOOD. LUCK. WITH. THAT.
Heck, they might not even make it to trial, but my guess is the SEC just has too much pride to throw in the towel on such a high profile case like Bruce. They will just use unlimited tax payer resources, and bleed this thing allllllll the way out, right now, without evidence in support of their originally filed complaint.
NO EVIDENCE! WEAK CASE! DEAD OUT OF THE GATE DESPERATE HAIL MARY PRESSED ON BY DISGRUNTLED EX ASSOCIATES!
Sad Sad Sad. Pride is hard to swallow for some. Axes to grind.