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Trump officially legalizes industrial hemp
BY TAL AXELROD - 12/20/18 04:36 PM EST
President Trump legalized the cultivation of industrial hemp Thursday when he signed a widespread, bipartisan farm bill aimed at boosting the agriculture industry.
The fibers of hemp, a non-intoxicating derivative of the cannabis plant, is used to make a variety of products, such as cardboard, carpets, clothes, paper and more.
Hemp production and sales have historically been illegal under the same federal prohibition against marijuana. The farm bill only deals with industrial hemp and does not address recreational or medical marijuana.
Senate Majority Leader Mitch McConnell (R-Ky.) worked with Sens. Rand Paul (R-Ky.), Jeff Merkley (D-Ore.), and Ron Wyden (D-Ore.) to introduce a bill to legalize hemp, which was ultimately included in the farm bill.
"I used my very own hemp pen to sign the conference report, clearing the way for the House and Senate to pass legislation and send it to the president's desk. I'm proud that the bill includes my provision to legalize the production of industrial hemp. It's a victory for farmers and consumers throughout our country," McConnell said when the Senate advanced the farm bill earlier this month.
The farm bill helps removes obstacles farmers face in growing hemp, including restricted access to banking, water rights and crop insurance. Hemp is easier to grow than cotton, corn or soybeans as it requires little water and can be viable in lower quality soil that is not practical for other crops.
The hemp provision is just one of several aspects of the farm bill meant to aid farmers as exports of agricultural products such as soybeans take a hit as Trump engages in a bitter trade war with China and other countries.
Source: https://thehill.com/homenews/administration/422356-trump-officially-legalizes-industrial-hemp
I see a melt up to Q's! Sector wide.
It's time to play ball in the big leagues now.
No more excuses, it's time for revs and deals and deals and revs.
It's a $20B industry in two years... 1% of that is $200M. Not bad for a small piece.
WHO'S GONNA PROCESS ALL THE HEMP?
lol another .0420 close.
REAL MONEY COMING! DEALS DEALS DEALS AND MORE DEALS!
FLOODGATES ARE OPEN!
JAN 1
Dude, HOW MUCH EASIER ARE REVENUES WHEN PRODUCT IS LEGAL???
As Trump inks hemp legalization, here are the huge shifts ahead for the marijuana industry
Published 1 min ago | By Kristen Nichols
President Donald Trump signed hemp legalization into law Thursday, a change that’s expected to unleash seismic market changes for the entire cannabis industry.
Trump’s signature on the 2018 Farm Bill takes hemp – defined as cannabis below 0.3% THC – out of the Controlled Substances Act.
The change also applies to extracts from hemp, including CBD.
The law takes effect immediately, meaning federal drug authorities must treat hemp like any other agricultural commodity, such as wheat or potatoes.
Hemp farmers will face none of the business and regulatory obstacles that apply to higher-THC varieties, which are still defined as marijuana and remain a Schedule 1 drug.
Here’s what you need to know about the new law:
*Cannabis plants above 0.3% still are defined as Schedule 1 drugs, though licensed hemp producers can’t be charged with a crime if their hemp exceeds the THC limit, making it marijuana.
*But THC that comes from hemp is no longer a controlled substance.
*The U.S. Department of Agriculture (USDA) must develop national hemp regulations “as expeditiously as practicable,” which is an uncertain time frame. The national plan must include procedures for checking hemp plants’ THC content and plans to destroy plants with too much THC.
*The U.S. Food and Drug Administration (FDA) retains authority over foods, drugs and cosmetics. That means that while CBD becomes legal Jan. 1, it doesn’t mean it is legal to add hemp or CBD to food products or dietary supplements.
*States, territories and Indian tribes have no deadline to submit hemp-regulation plans to the USDA. But once they submit a proposal, the USDA has 60 days to approve or reject it.
*If a state’s hemp-oversight plan is rejected, growers there will be “subject to a plan established by the (USDA) to monitor and regulate that production.”
*The USDA has one year to study the 42 hemp states’ progress with the plant and “determine the economic viability of the domestic production and sale of industrial hemp,” with the findings due to Congress.
The hemp industry has been pushing for legalization for decades, but the plant’s long association with high-THC varieties kept it locked alongside heroin and marijuana in Schedule 1, the most restricted drug classification in the United States.
The Farm Bill gives no direction for how law enforcement is supposed to tell whether THC came from legal hemp or from illegal marijuana.
Marijuana entrepreneurs are cheering the change, because it could open a channel to accessing public markets and other financial tools unavailable to companies selling Schedule 1 drugs.
Vertical, a cannabis producer and retailer based in Agoura Hills, California, has operations in four states and plans to spin off a separate hemp company, called Vertical Wellness, in hopes of listing on the Nasdaq.
Source: https://mjbizdaily.com/trump-hemp-legalization-marijuana-industry-impact/
Hemp Is Officially Legalized With President Trump’s Signature On The Farm Bill
Published 5 mins ago on December 20, 2018
By Kyle Jaeger
President Donald Trump signed the 2018 Farm Bill—which legalizes industrial hemp after decades of the crop being caught up in broader cannabis prohibition—into law on Thursday.
The signing ceremony represents the culmination of a months-long debate over various provisions of the wide-ranging agriculture legislation. But after the House and Senate Agriculture Committees reconciled their respective versions, the final Farm Bill easily passed in full floor votes last week.
Hemp legalization, a provision of the bill championed by Senate Majority Leader Mitch McConnell (R-KY), received bipartisan support, with members on both sides of the aisle celebrating its inclusion in the now signed law.
Here’s what the hemp provision entails:
While the move has been widely characterized as outright legalization, it’s important to note that strict regulations still apply. Although hemp will no longer be in the jurisdiction of the Department of Justice, prospective growers will have to submit cultivation plans to the U.S. Department of Agriculture (USDA), either through the state government or the USDA itself.
Cannabis plants must contain less than 0.3 percent THC in order to be classified as hemp.
One other positive development for farmers is that the bill stipulates that the hemp will be covered under the Federal Crop Insurance Act, meaning that in the event that a cultivator experiences crop loss, they will be entitled to insurance coverage in the same way that farmers for other legal agriculture products are.
OK, what about CBD?
Here’s what John Hudak of the Brookings Institute wrote about this aspect of the legislation. He said that a “big myth that exists about the Farm Bill is that cannabidiol (CBD)—a non-intoxicating compound found in cannabis—is legalized.”
“It is true that section 12619 of the Farm Bill removes hemp-derived products from its Schedule I status under the Controlled Substances Act, but the legislation does not legalize CBD generally. As I have noted elsewhere on this blog CBD generally remains a Schedule I substance under federal law… The Farm Bill ensures that any cannabinoid—a set of chemical compounds found in the cannabis plant—that is derived from hemp will be legal, if and only if that hemp is produced in a manner consistent with the Farm Bill, associated federal regulations, association state regulations, and by a licensed grower. All other cannabinoids, produced in any other setting, remain a Schedule I substance under federal law and are thus illegal. (The one exception is pharmaceutical-grade CBD products that have been approved by FDA, which currently includes one drug: GW Pharmaceutical’s Epidiolex.)”
Hemp is explicitly removed from the list of federally banned drugs under the Controlled Substances Act.
One other area of the legislation that has been a source of concern for advocates is a provision that would prohibit people with felony drug convictions from participating in the legal hemp industry. That provision is still in the final version, but lawmakers reached a compromise and the ban will expire 10 years after the conviction.
Here’s the text of the final 2018 Farm Bill’s hemp provisions:
As it happens, it seems Trump did not take McConnell up on his offer to use his hemp pen to sign the bill. But a signature is a still signature, and hemp legalization is now set to technically take effect on January 1, according to Vote Hemp. However, it will take additional time to submit regulatory plans to the USDA before farmers can legally cultivate the crop.
Source: https://www.marijuanamoment.net/hemp-is-officially-legalized-with-president-trumps-signature-on-the-farm-bill/
HEMP INDUSTRY HAS ARRIVED!
Now the melt up to Quarterly results!
Farm Bill takes effect Jan 1.
HEMPY 2019!
HEMP IS NOW LEGAL!
CONGRATULATIONS!!
CLEAR FOR TAKE OFF!!! HE IS SIGNING!!!
Nothing but APPLAUSE so far!
HEMP HEMP HOORAY!
IS HE GOING TO SIGN?!?!?!
Roger Houston, pad is clear and ready for take off.
T- 10.. 9.. 8..
HERE WE GO!!!!
AMERICA! AMERICA! GOD SHED HIS HEMP ON THEE!!
OH BOY!
MAKE AMERICA HEMP AGAIN!!!!
PRESIDENT SIGNING SOON!
on standby, ready for launch.
Cast your vote during the Youtube livecast.
Could you imagine going on a high speed bus ride during rush hour with Trump behind the wheel??!
LOL!
Dude, this would be so funny if he decides to wait another day or two, just cause he can...
Heard he is scheduled to be somewhere soon tho, so it might just have to be today or no signing.
Still time to line every corner of every pocket!
MINUTES AWAY! GLOBAL MEDIA COVERAGE! HISTORICAL MOMENT APPROACHING!
MAKE AMERICA HEMP AGAIN!
Seller is asking $10M
Last bid came in around $6.8M, which was declined.
Time stamp 50sec: https://www.facebook.com/KingOfPot/videos/pcb.10216476590003739/10216476607324172/?type=3&theater
They can probably strike a deal somewhere around $8-9M, pending terms, conditions, concessions, and landlord. Hopefully they won't have to put a whole lot of work into the building (infrastructure in place, building in good shape, etc), and hopefully authorities in PR will provide some juicy incentives to attract a company like HEMP. We shall see.
Like the whole "Grand Central, International, 3-grows/yr, Hemp-hub" idea tho... hope he can pull it off. Would be a great additional to the island/community (i.e. jobs, tax dollars, etc).
GL Bruce!
Bank of America, Goldman Sachs Get Behind Constellation Brands' Cannabis Play
RBC Capital Markets Will Start Doing Deals for Pot Companies
Meet the banks that are leading the flourishing deal market for pot stocks
HEMP TRENDING
https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=hemp
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https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=hemp%20inc
WHO'S GONNA PROCESS ALL THE HEMP?
HEMP INC -- CBS NEWS
https://www.cbs17.com/news/local-news/nc-hemp-processing-facility-is-largest-in-western-hemisphere/1103849580
HEMP INC -- FORBES
https://www.forbes.com/sites/andrebourque/2018/12/17/how-hemp-and-the-farm-bill-may-change-life-as-you-know-it/#4f98a6a8694c
HEMP INC -- CRAINS
http://www.crains.com/article/news/north-carolina-growers-are-betting-hemp
HEMP INC -- FOX BUSINESS
https://www.foxbusiness.com/small-business/hemp-ceo-thanks-to-farm-bill-the-hemp-revolution-will-now-be-made-in-america
HEMP INC -- THE BUSINESS JOURNAL
https://thebusinessjournal.com/farm-bill-talks-invigorate-hope-for-hemp-in-the-valley/
HEMP INC -- COLORADO SPRINGS INDEPENDENT
https://www.csindy.com/coloradosprings/hemp-incs-new-product-makes-oil-drilling-a-bit-more-eco-friendly/Content?oid=14668202
HEMP INC -- SPECTRUM NEWS
https://spectrumlocalnews.com/nc/triangle-sandhills/news/2018/09/02/carolina-hemp-festival-educates-public-about-many-uses-of-hemp
HEMP INC -- ROCKY MOUNT TELEGRAM
http://www.rockymounttelegram.com/News/2018/07/28/Area-hemp-plant-inks-new-distribution-deal.html
HEMP INC -- THE WILSON TIMES
http://www.wilsontimes.com/stories/raising-hemp-a-lucrative-but-risky-business-endeavor,152622
HEMP INC -- CARRIBEAN BUSINESS
https://caribbeanbusiness.com/industrial-hemp-sustainable-economic-development-for-p-r/
HEMP INC -- WASHINGTON TIME
https://www.washingtontimes.com/news/2018/dec/11/senate-passes-867-billion-farm-bill/
HEMP INC -- KDKA RADIO
https://kdkaradio.radio.com/media/audio-channel/hemp-farming-act-2018
HEMP INC -- THE OREGONIAN
https://www.oregonlive.com/politics/2018/12/oregon-hemp-industry-poised-for-big-growth-after-feds-sign-off.html
HEMP INC -- MASS LIVE
https://www.masslive.com/news/2018/12/the-federal-government-is-about-to-legalize-hemp-what-does-it-mean-for-massachusetts.html
WATCH---HEMP INC GROWING, PROCESSING, & SHIPPING HEMP
https://www.facebook.com/KingOfPot/videos/10216341909436809/
https://www.facebook.com/KingOfPot/videos/10216335888526290/
https://www.facebook.com/KingOfPot/videos/10216330020819601/
https://www.facebook.com/KingOfPot/videos/pcb.10216154785518828/10216154816239596/?type=3&theater
https://www.facebook.com/KingOfPot/videos/pcb.10216102687736416/10216102686136376/?type=3&theater
https://www.facebook.com/KingOfPot/videos/pcb.10216196627844860/10216196635405049/?type=3&theater
https://www.facebook.com/KingOfPot/videos/pcb.10216040924112364/10216040917992211/?type=3&theater
https://www.facebook.com/KingOfPot/videos/pcb.10215806930262664/10215806932622723/?type=3&theater
https://www.facebook.com/KingOfPot/videos/pcb.10215568627025232/10215568648105759/?type=3&theater
TOURING POTENTIAL MASSIVE HEMP-HUB IN PUERTO RICO
https://www.facebook.com/KingOfPot/videos/10216476607324172/
https://www.facebook.com/KingOfPot/videos/10216469874395853/
NORTH CAROLINA INDUSTRIAL HEMP REGISTERED PROCESSORS (DECEMBER 2018)
https://www.ncagr.gov/hemp/documents/Registered_Processors_docDec18.pdf
CBD Poised for Boom After Farm Bill
It’s still unclear how different federal agencies will interpret the new rules, but it doesn’t matter — people in the CBD industry are calling the new legislation a “game changer”
By CHRIS CHAFIN
DECEMBER 19, 2018 1:45PM ET
On Thursday, President Trump is expected to signed the 2018 Farm Bill, a massive piece of legislation renewed once every five years since 1933, outlining regulations on everything from food stamps to environmental land use. This one does something, though, that the previous versions have not — it legalized industrial hemp, including the plants used to produce CBD oil. Currently surging in popularity due to its therapeutic properties, CBD has existed in a confusing legal gray, governed by a mishmash of laws that vary from state to state. Despite this questionable legality, it’s turning up in cocktails and wellness products, it topped $350 million in consumer sales in 2017 — and it’s expected to grow once the bill goes into law.
While the previous Farm Bill, passed in 2014, eased some federal regulations on CBD production, this one goes much further. Most importantly, it removes hemp and any hemp derivative from the Controlled Substances Act, legally separating it from marijuana and putting its supervision under the Department of Agriculture. In the most basic sense, these plants serve three primary uses: fiber (paper and cloth), seeds (for hemp oil and food), and cannabinoid oils. It’s this last category that’s the most profitable and has the biggest potential for growth. The bill defines hemp as any part or derivative of cannabis with a THC level below 0.3 percent on a dry-weight basis.
It’s important to note, however, that the bill creates its own new regulations and gray areas. First, it bars anyone convicted of a drug felony from working in the hemp industry for 10 years after the date of their conviction. In earlier drafts, persons convicted of drug felonies had been banned entirely. The final draft softens this somewhat to the current 10-year-ban.
Each state will also have to submit a plan to the US Department of Agriculture (USDA) about how it will move forward with hemp cultivation. If the state government chooses not to make such a plan, producers can submit directly to the federal government. Whether this will be a serious obstacle or a relatively pro-forma rubber stamp remains to be seen.
Drug scheduling is another interesting wrinkle. The Drug Enforcement Agency (DEA) maintains a list of all drugs, organized into five categories, “depending upon the drug’s acceptable medical use and the drug’s abuse or dependency potential,” according to its website. Earlier this year, the DEA reclassified FDA-approved drugs that contain CBD and no more than 0.1 percent THC from Schedule I, the most serious category, to its lowest category, Schedule V, alongside prescription cough syrups and painkillers. But the farm bill completely removes from the drug schedule all hemp plants and derivatives with much higher THC levels, 0.3 percent.
This creates interesting questions not just around legality, but prescriptions. Under the DEA framework, CBD requires a doctor’s perscription, but under the Farm Bill it doesn’t. Will DEA rules still apply to “FDA-approved” CBD products, but with the USDA not requiring future products to submit for FDA approval? Will there be some class of prescription-only CBD products approved by the FDA, and a lower class of unapproved over-the-counter products? Or will the farm bill entirely override the DEA rules? To date, there is only one FDA-approved CBD product, Epidiolex, approved to treat a rare form of childhood-onset epilepsy.
In more than one place in the bill — for instance, Section 12515, “Prohibition on Slaughter of Dogs and Cats for Human Consumption” — there is boilerplate language saying the bill does not prevent a state or local government from making a “law or regulation that is more stringent than this section.” This is essentially saying if you want to regulate animal welfare more closely than we have here, go ahead. Basically this same language — any state can enact laws “more stringent than this subtitle” — appears in the hemp section, though its implications are vastly different. Idaho, Nebraska and South Dakota are the only states where all forms of marijuana are illegal, and South Dakota has laws specifically outlawing CBD. These few words in the bill appear to allow those laws to continue.
Despite these complications, hemp and cannabis advocates and celebrating the bill as a victory with far-reaching implications.
“It’s a game changer,” says Erin Holland, CMO of hemp genetics company Tree of Life Seeds, which breeds hemp seeds for farming. “We’re very excited about it. Right now, we face a lot of hurdles with banking and other things. I can’t put a paid ad on Facebook, or though Google because we’re considered a drug. This is going to open a lot of doors for us.”
“This is a watershed moment for CBD in the United States,” says Bethany Gomez, director of research, at the cannabis and CBD market research organization Brightfield Group. “With hemp and all of its derivatives officially removed from the controlled substances act, CBD moves from a legal gray area into the light … this shift will allow for CBD to make its way to the shelves of larger scale, mainstream distribution channels and pave the way for the large mainstream consumer packaged goods companies in industries like drinks, beauty, pet, skin care and tobacco to develop CBD products and capitalize on this emerging industry.”
The addition of this amendment to the bill is largely due to the work of Republican Senate Majority Leader Mitch McConnell, who is keen to stress that being pro-hemp is different from being pro-marijuana.
“I do not have any plans to endorse the legalization of marijuana,” he said in a May press conference, adding that marijuana and hemp are “two entirely separate plants.” He later called marijuana hemp’s “illicit cousin” whom he chooses “not to embrace.”
McConnell has been pushing to legalize hemp since 2013, when he fought for the authorization of small pilot programs allowing the cultivation of industrial hemp. One of those pilot programs was located in his home state of Kentucky, where it’s proved hugely popular. According to the Kentucky Department of Agriculture, in 2017, 198 growers planted 3,271 acres, the highest number on record. That’s up from just 33 acres in 2014, the program’s first year.
Hemp’s illegality is a longstanding talking point for marijuana legalization advocates, supposedly showing the senselessness of U.S. drug policy. Despite being cultivated by humans for thousands of years for applications like clothing, rope and food, hemp production in the United States has been illegal for most of the Twentieth Century.
It began to be seriously regulated in the United States with the Marihuana Tax Act of 1937, the first large-scale effort to criminalize marijuana, which made no distinction between low-THC hemp and high-THC marijuana. This was formalized in 1970, when the Controlled Substances Act legally classified hemp as a Schedule I drug.
“With this Farm Bill, people who were scared to get involved are now waving around millions of dollars,” says Tree of Life Seeds’ CEO Jason Martin. “It really hasn’t changed anything about the infrastructure of the business, but people who on the fence are now eager to get in.”
Source: https://www.rollingstone.com/culture/culture-features/cbd-farm-bill-legalization-marijuana-hemp-769944/
Thursday, 20 December 2018
#POTUSSchedule #POTUS
#WhiteHouse #WestWing #1600Daily
#MerryChristmas
#MakeAmericaGreatAgain #MAGA
#KAG! #KeepAmericaGreat!
Note: The PUBLIC SCHEDULE only includes events of public interest & not all events on the POTUS schedule.
https://mobile.twitter.com/POTUS_Schedule/status/1075569186280271873
WH0@!!!
MOON PANTS ON!
WHO'S GONNA PROCESS ALL THE HEMP?
HEMP INC -- CBS NEWS
Already over 1 billion shares traded this month... still a few trading days left, and hemp not officially legal yet...
Brace yourselves, hemp is coming.
Hey, look! Another company founded by our CEO, Bruce "King of Cannabis" Perlowin!
Pretty cool, ay?
Maybe a strategic partnership ahead between MJNA and HEMP?
WHO'S GONNA PROCESS ALL THE HEMP?!
$HEMP
Website update coming?
https://www.hempinc.com/
OTC Pink® Basic Disclosure Guidelines
Federal securities laws, such as Rules 10b-5 and 15c2-11 of the Securities Exchange Act of 1934 (“Exchange Act”) as well as Rule 144 of the Securities Act of 1933 (“Securities Act”), and state Blue Sky laws, require issuers to provide adequate current information to the public markets. With a view to encouraging compliance with these laws, OTC Markets Group has created these OTC Pink Basic Disclosure Guidelines. We use the basic disclosure information provided by OTC Pink companies under these guidelines to designate the appropriate tier in the OTC Pink marketplace: Current, Limited or No Information. OTC Markets Group may require companies with securities designated as Caveat Emptor to make additional disclosures in order to qualify for OTC Pink Current Information tier.
Qualifications for the OTC Pink - Current Information Tier
Companies that make the information described below publicly available on a timely basis (90 days after fiscal year end for Annual Reports; 45 days after each fiscal quarter end for Quarterly Reports) qualify for the Current Information Tier. Financial reports must be prepared according to U.S. GAAP or IFRS, but are not required to be audited to qualify for the OTC Pink Current Information tier.
https://www.otcmarkets.com/learn/reporting-standards
Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure.
Company makes disclosures available to public on website, compliant with SEC/FINRA standards.
OTC Market has postponed HEMP's subscription to service while SEC investigation limps along with virtually zero factual matter in support of basis of initial claims issued 2.5 years ago.
Share structure is a non issue at this particular moment.
RBC Capital Markets Will Start Doing Deals for Pot Companies
By Doug Alexander
December 18, 2018, 1:33 PM CST
RBC Capital Markets has decided to begin doing deals in the cannabis industry.
Royal Bank of Canada’s investment-banking division will advise on stock sales and arranging takeovers for companies in the marijuana industry, joining Bank of Montreal’s BMO Capital Markets and smaller independent firms such as Canaccord Genuity Group Inc. in serving an industry that didn’t exist five years ago. RBC also started research coverage of the cannabis industry this month, with Doug Miehm as the main analyst covering the sector out of Toronto.
“Under certain circumstances with certain customers, we’ll participate,” RBC Capital Markets head Doug McGregor said Tuesday in an interview. “We’re going to be selective in our approach, frankly, but within the bank we’ve established a policy that we’re comfortable with.”
The marijuana industry has sparked more than $9.5 billion of takeovers and investments and C$3.2 billion ($2.4 billion) in financings involving Canadian-listed companies this year, according to data compiled by Bloomberg. Deal-making picked up in this year as Canada moved toward legalizing marijuana for recreational use on Oct. 17.
RBC Capital Markets had been reluctant to jump into the nascent industry. The Toronto-based firm also has a sizable capital-markets business in the U.S., where marijuana is illegal at the federal level.
“We were being careful around cannabis, especially at the start of the year, before some things got clarified with the U.S. authorities,” McGregor said. “It’s safety first here.”
Source: https://www.bloomberg.com/news/articles/2018-12-19/third-canadian-citizen-detained-in-china-national-post-says-jpuwu711
HEMP TRENDING
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https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=hemp%20inc