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2018 Farm Bill Update

Here’s a report from Daniel Cameron of Frost Brown Todd, the Roundtable’s lead DC lobbyist and the former Legal Counsel to Senate Majority Leader Mitch McConnell.

“We will finish the farm bill before the end of the year,” according to Majority Leader McConnell after a meeting with President Trump yesterday to discuss lame-duck session priorities. This comes on the heels of him saying at an event in Kentucky last week that the hemp provisions “will be in there, I guarantee you that.”

Plus, there have been reassuring statements from the chairmen of the Senate and House Agriculture committees. Chairman Pat Roberts of the Senate is reported saying that he is hopeful that a deal will come together by Monday. While Chairman Conaway of the House is quoted as saying, “[t]here are a few things, but we’re darn close,” concerning progress on the bill.

The commentary from the chairmen and the Majority Leader are encouraging. Everyone appears to want to pass the bill before going home for the Holidays and the conclusion of the 115th Congress, and for good reason. Keep in mind that next year the makeup of the House membership will be different, with a Democrat majority and new chairs for the committees. This could complicate the farm bill process if it is not finalized this year.

To avoid complexity, the better outcome for the majority of the members in the House and Senate is to get it done by the end of December.

There are 12 days left on the legislative calendar, although that can be extended if necessary. Next week could be pivotal, given that Chairman Roberts has indicated a deal could be forthcoming on Monday.

As always, we will keep you posted with relevant information. Stay tuned.

In the meantime, keep the pressure on Congress: Let them know it’s high time to pass the 2018 Farm Bill with all of the hemp provisions of the Hemp Farming Act.  Please use our portal at the link below.

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Why Is CBD Everywhere?

By Alex Williams – New York Times

Cannabidiol is being touted as a magical elixir, a cure-all now available in bath bombs, dog treats and even pharmaceuticals. But maybe it’s just a fix for our anxious times.

It’s hard to say the precise moment when CBD, the voguish cannabis derivative, went from being a fidget spinner alternative for stoners to a mainstream panacea.

Maybe it was in January, when Mandy Moore, hours before the Golden Globes, told Coveteur that she was experimenting with CBD oil to relieve the pain from wearing high heels. “It could be a really exciting evening,” she said. “I could be floating this year.”

Maybe it was in July, when Willie Nelson introduced a line of CBD-infused coffee beans called Willie’s Remedy. “It’s two of my favorites, together in the perfect combination,” he said in a statement.

Or maybe it was earlier this month, when Dr. Sanjay Gupta gave a qualified endorsement of CBD on “The Dr. Oz Show.” “I think there is a legitimate medicine here,” he said. “We’re talking about something that could really help people.”

So the question now becomes: Is this the dawning of a new miracle elixir, or does all the hype mean we have already reached Peak CBD?

Either way, it would be hard to script a more of-the-moment salve for a nation on edge. With its proponents claiming that CBD treats ailments as diverse as inflammation, pain, acne, anxiety, insomnia, depression, post-traumatic stress and even cancer, it’s easy to wonder if this all natural, non-psychotropic and widely available cousin of marijuana represents a cure for the 21st century itself.

The ice caps are melting, the Dow teeters, and a divided country seems headed for divorce court. Is it any wonder, then, that everyone seems to be reaching for the tincture?

“Right now, CBD is the chemical equivalent to Bitcoin in 2016,” said Jason DeLand, a New York advertising executive and a board member of Dosist, a cannabis company in Santa Monica, Calif., that makes disposable vape pens with CBD. “It’s hot, everywhere and yet almost nobody understands it.”

Read more …

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The Future of Hemp Engineering: Hempcrete, Supercapacitors, Bio-fuel and More

Despite a global prohibition still largely restricting the cultivation of cannabis, some scientists are still revolutionizing industries through engineering hemp buildings, supercapacitors, and more.

Preceding the 1900’s, cannabis was once one of the most significant crops for mankind. It was only in the past century when men forbid its cultivation, grinding cannabis production and all of its subsidiary parts to a halt.

The plant is rooted deep in humanity’s history and was likely the earliest cultivated plant for its textile fiber. Despite many countries’ recent regressions revoking the laws in which made cannabis illegal in the first place, it is largely recognized as a plant with no other use other than “getting people high”.

But cannabis is not one sole entity. It is rather a collection of a family of plants consisting of sativas, indicas, and ruderalis. Cannabis Sativa and indica plants are renowned for their psychoactive effects, but there is a variety of Cannabis Sativa which is grown specifically for its derived products.

The plant in question, otherwise known as hemp – or industrial hemp – is the seed or fibrous part of the Cannabis Sativa, whereas the flower of the plant is legally regarded as marijuana. Unlike marijuana, hemp does not possess a significant amount of psychoactive chemicals and as such, cannot be used to get “high”.

Read more …

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Confusion Grows Over Legal Use of Hemp in Tennessee

The confusion is leading to the arrest of innocent people.

CBD from hemp is legal in Tennessee. People eat CBD gummies or use CBD oil to treat a variety of ailments.

However, a growing trend toward simply smoking the raw hemp bud for CBD has created even more confusion. Legal hemp looks and smells exactly like marijuana.

If available, ask for a printout of the chemical analysis of the plant proving it’s legal hemp.

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Hemp In Space: Researchers Send Hemp Plants To International Space Station

By

Hemp in space sounds like a science fiction dream. It will soon to be an exciting new reality thanks to a partnership of terrestrial firms hoping to learn about the effects of microgravity on the crop.

Space Tango, a start-up business from the heart of Kentucky seeks to harvest hemp in space. Co-founder and chairman, Kris Kimel, wants to lean about how the biology and quality of the crop will develop without the influence of gravity. The goal is to see if the medicinal value of cannabinoids prospers on this new frontier and to offer unique CBD products to the public.

Anavii Market is partnering with Space Tango on their journey into this new frontier. Anavii Market is an online CBD marketplace that seeks to improve quality reliability in the industry. Their goal is to provide a trusted source of CBD to the public.

WHAT WE KNOW ABOUT GROWING HEMP IN SPACE

Prior to Space Tango, Kimel was the founder and president of the Kentucky Science and Technology Corporation (KSTC), “which is where this notion of looking into space and microgravity kind of germinated.” As his interest grew, he left the company and moved over to Space Tango full time.

After nearly a decade of research on this new frontier, Kimel tells us there’s still so little they know and so much to learn when it comes to how plants develop in a gravity stress-free environment. Since hemp has had such little research within the last century and only recently has had its doors opened to scientists, Space Tango remains optimistic in breaking through new discoveries.

Kimel and his team are aware that principle biological systems (i.e. cells, organisms) become scrambled grown without gravity. In turn, this “opens up new pathways, new understandings, of those systems that you’d never see on earth.” Prior to their experiments with hemp, they’ve developed medical implants which can only be manufactured in space.

Read More …

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2018 Hemp Harvest – Biomass Pricing Trends

With harvest upon us, farmers and processors are working together to establish a fair market price for hemp biomass.  This is challenging because as an industry, we need to better understand the relationship between supply and demand. The biggest question, is there enough biomass to supply the hemp processors at full capacity this year?  The answer will impact current and future pricing of biomass, but this is a complicated subject due to the lack of traceability in the Hemp industry. Our industry lacks baseline data such as total biomass produced and total sales of CBD products to end consumers.  In addition, the 2018 farm bill will have a tremendous impact on demand. The answer to supply and demand in 2018/2019 is evolving as market speculation drives the price of the first biomass sales, we look into three important questions, and analyze the factors driving the market.

What is the current spot price for hemp biomass?
How will hemp biomass prices move in the next 3 months?
Did USA farmers produce enough hemp biomass to fulfill demand?

What is the current spot price for hemp biomass?

Currently the spot price for finished, dried biomass lots intended for extraction is between $3.50 – $4.75 / % / lb depending on volume and quality.  This price is being influenced by a few factors.  The first factor is that early flowering varieties of hemp are harvested.  This eases the pressures on processors who need to procure biomass supply.  However, the processors should be competing over this early material, and with prices in the $3.50 / $4.50 range, this indicates they have an alternative source of CBD or that the buying market is not overly competitive.  To me, this is an early warning sign that demand from processors will not keep up with the supply of hemp.

The price of biomass is also being driven by farmers who are avoiding future pricing uncertainty.  Farmers have a fear that there will be more biomass than can be sold in 2018 / 2019. If this is the case, prices will plummet because not all farmers will be able to sell their crop and competition to monetize crops will be intense.  Because of this fear, securing a contract early in the season insulates a farm from pricing volatility in hemp biomass. We suggest farmers consider pre-selling a portion of their crop to hedge against price fluctuation and create guaranteed revenue.

If you have 2017 material, SELL IT NOW.  I asked our Washington Cannabis team about the relationship between extraction material from 2017 versus the new 2018 crop and here is what they said.  Expect to take a 50%-65% haircut on prices. “A couple weeks ago it would have been about .50 vs .25/g for 2018 untested to 2017 untested. Right now we’re probably looking at .45/g vs .15/g for the same..” -Tyler Lamont

Read more …

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First Arrivals for 2018

We are very happy to announce that the first new crop from 2018 has arrived. We received our first order of the cultivar RNA (Russian Automatic) which as you can see is primarily made up of medium to large fluffy buds with a very aromatic nose I would describe as a mixture of skunk mixed with a certain sweetness.

The taste is a nice skunk/diesel with hints of fruitiness with an aftertaste we would describe as a sweet fruit punch. And the aftertaste lingers nicely.

Because of an excellent relationship we have developed with our farmers, we are able to offer this cultivar at a slightly lower price than other trimmed tops we have offered. Check it out on our Retail Shop or on the Wholesale Section for our wholesale customers.

Go check it out and get your order in TODAY!

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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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The 2018 Hemp Harvest is Arriving

The new 2018 Hemp Crop is arriving!

We are excited to share that the drought of 2018 is over. New raw hemp is being harvested and dried by the ton.

Over the next 6-9 months, we will be offering a number of specialty hemp cultivars. These will include T1, Special Sauce, C4, RNA (Russian Automatic), Pineapple Haze, and a few special phenotypes recently created by farmers I know.

Herb-a-lites continues to be among the top rated sources for consistent and affordable raw hemp flower. Thank you for your support, and please place your order on our easy to use website.