Category Archives: Financial News

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The Farm Bill Will Help Hemp Farmers and Entrepreneurs  

Forbes Magazine – 

The 2018 Farm Bill will radically overhaul America’s relation to hemp and could unleash a hemp renaissance in the coming years that will close the gap between the U.S. and China. As a Schedule 1 substance alongside marijuana, hemp farmers and entrepreneurs in the U.S. have faced many barriers to doing business. Interstate commerce for hemp products was almost non-existent and financing was difficult to come by. But all that is set to change.

According to the American Agriculturist, the 2018 Farm Bill will allow hemp to be regulated by the USDA, including the labeling of American-grown hemp as certified organic; interstate hemp commerce will be legalized; financing and research opportunities will open up; hemp farmers will be guaranteed water rights; the definition of hemp will be altered to make it a non-drug commodity.

Hemp has hundreds of uses, many of which are yet to be discovered or fully realized thanks to the lack of available research funds. From textiles and plastics to livestock feed and home cooking, hemp has many applications that can reduce our dependence both on other countries and fossil fuels. Driven by explosive growth in hemp-based consumer products, the global hemp market is expected to jump to $10.6 billion by 2025. Everything from our vodka to our cars is waiting to be reimagined in the future with legal hemp. Many people won’t even realize how much their lives are affected by cannabis-based products.

One of the most exciting applications of hemp lies in the extracted cannabinoids or CBD oil. According to the Washington Post, “dozens of studies have found evidence that the compound can treat epilepsy as well as a range of other illnesses, including anxiety, schizophrenia, heart disease, and cancer.” With the legalization of hemp, CBD can be regulated and researched much more than before to truly understand the medical efficacy for a wide range of diseases.

Read More …

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FARM BILL UPDATE – December 4th

As reported in this space earlier, a deal has been reached on the 2018 Farm Bill that includes the full text of the Hemp Farming Act, providing permanent legalization of hemp and popular hemp products like cannabidiol (CBD). Final passage of the bill was expected to take place this week, before Congress adjourns for the holidays.

However, in honor of the nation’s mourning for the late President George H. W. Bush, the House has canceled all votes for this week, while the Senate will not convene until after the Bush funeral today.

The next votes in the House are scheduled for Monday morning, December 10, so the Farm Bill is expected to be passed sometime that week.  While you can never predict what will happen on Capitol Hill, the stars look bright for imminent permanent legalization.  Read more here.

Keep calm and continue to follow this space for further updates.  In the meantime, if you haven’t had a chance to contact your Members of Congress to urge them to support the Farm Bill with hemp legalization, please use our easy online portal:

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We Now Accept Credit Cards … Really!

We are very happy to announce that Herb-a-lites is one of the first Hemp and CBD merchants who can now accept all major Credit and Debit cards! Through our extensive network of merchant processing contacts, we were called last week by a long-time contact who shared with us a breakthrough opportunity with a major US bank and the 2nd largest credit card processing company to obtain secure credit card processing.

Unlike the numerous processors we have had for short periods of time, this solution is 100% transparent and offers us traditional financing terms and the knowledge that we will not be shut down for openly offering hemp products.

When you arrive at our checkout page just select the “Pay by Credit Card” option and a simple dropdown window will appear where you can enter your card information and complete your purchase.

This change is partly due to the knowledge that with the imminent passage of the Farm Bill as soon as this month, financial institutions are stepping into this industry with the full confidence that industrial hemp will join the ranks of other agricultural commodities such as wheat, corn, and soy.

We are building up our product inventories to assure that the additional ease of ordering can be matched by Herb-a-lites products. Happy shopping and we look forward to serving you soon.

 

We Should Be Pouring Time And Money Into Hemp, Period.

By Janet Burns

For centuries, North Americans have utilized hemp in their homes, diets, and health regimens. For decades, we’ve also turned to imported products to meet much of our growing need.

And now, after years of major change for US agriculture and industry, real investment in this versatile crop stands to significantly elevate our economy and quality of life for generations to come.

The idea of upping hemp production is already common ground politically. As farmers have faced water shortages, unstable markets, and punishing seasonal conditions, communities around the country have pressured lawmakers to help them restore US agriculture with more profitable, sustainable plants.

Hemp has long been seen to fit that bill. Best known for its use in textiles, it offers wide-ranging applications that countless sectors are keen to get in on.

For example, hemp seeds in whole or processed form contain an impressive amount of protein, nutrients, and essential fatty acids, among other things — offering an efficient way to boost nutrition in human and animal diets — while hempseed oil has increasingly become a preferred ingredient in common food, beauty, and health products.

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